{"id":331383,"date":"2026-03-10T08:54:09","date_gmt":"2026-03-10T08:54:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/331383\/"},"modified":"2026-03-10T08:54:09","modified_gmt":"2026-03-10T08:54:09","slug":"sarpy-county-couple-loses-most-of-retirement-savings-in-online-store-investment-scheme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/331383\/","title":{"rendered":"Sarpy County couple loses most of retirement savings in online store investment scheme"},"content":{"rendered":"<p class=\"text | article-text\">OMAHA, Neb. (WOWT) &#8211; Imagine opening your own store without the worry of paying rent or stocking shelves. A Sarpy County couple saw an opportunity to bolster their retirement income. Instead, they lost most of it.<\/p>\n<p class=\"text | article-text\">Greg Koehn is a retired minister. He and his wife, Lois, invested $36,000 with online brand store promoter Profitable Automation, also known as Ecom Genie, after seeing a Facebook ad.<\/p>\n<p class=\"text | article-text\">\u201cSince we sold our home and we had money set aside, we thought, well, OK, we can invest in this store and everything made sense \u2014 it looked good,\u201d Greg Koehn said.<\/p>\n<p class=\"text | article-text\">But the Better Business Bureau gives Cleveland-based Profitable Automation an <a href=\"https:\/\/www.bbb.org\/us\/oh\/cleveland\/profile\/business-opportunities\/profitable-automation-0312-92059582\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.bbb.org\/us\/oh\/cleveland\/profile\/business-opportunities\/profitable-automation-0312-92059582\">F rating<\/a>.<\/p>\n<p class=\"text | article-text\">\u201cThey have promised customers that they can make more than six figures in the first 10 months. We have asked them to back that up with real data and they have not responded,\u201d said Josh Planos of the Better Business Bureau.<\/p>\n<p>FTC shuts down the company<\/p>\n<p class=\"text | article-text\">The FTC shut down Profitable Automation and won a court judgment of $20 million from the owners. But that is taking time to collect.<\/p>\n<p class=\"text | article-text\">\u201cThere\u2019s no way of finding out what the status is on the case, so it\u2019s been pending,\u201d Greg Koehn said.<\/p>\n<p class=\"text | article-text\">The retirees do not know if FTC action against the company will recover their investment money.<\/p>\n<p class=\"text | article-text\">Lois Koehn said the loss has hit hard.<\/p>\n<p class=\"text | article-text\">\u201cHe was always in the ministry, he never took much money for anything. I worked at Central High School for 30 years, so it\u2019s not like we have a big retirement,\u201d Lois Koehn said.<\/p>\n<p class=\"text | article-text\">The couple depends on Social Security, which only goes so far.<\/p>\n<p>Waiting and hoping<\/p>\n<p class=\"text | article-text\">The couple must wait on the FTC to receive and release any refund money from the online store settlement.<\/p>\n<p class=\"text | article-text\">\u201cNobody communicates with us. We\u2019re at our wits\u2019 end on what we can do,\u201d Greg Koehn said.<\/p>\n<p class=\"text | article-text\">In the meantime, the Koehns are not able to buy a newer car. Their current vehicle has 160,000 miles on it.<\/p>\n<p class=\"text | article-text\">\u201cJust pray we can recover those funds,\u201d Greg Koehn said.<\/p>\n<p class=\"copyright |\">Copyright 2026 WOWT. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"OMAHA, Neb. (WOWT) &#8211; Imagine opening your own store without the worry of paying rent or stocking shelves.&hellip;\n","protected":false},"author":2,"featured_media":331384,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[21214,69755,77222,114,17257,163352,2257,268,59479,163350,85,1981,46,163353,163348,117367,9077,73798,163349,266,267,163351,18243,688,163347,47668,42549,1759],"class_list":{"0":"post-331383","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-ad","9":"tag-bbb","10":"tag-better-business-bureau","11":"tag-business","12":"tag-cleveland","13":"tag-ecom-genie","14":"tag-facebook","15":"tag-finance","16":"tag-ftc","17":"tag-greg-koehn","18":"tag-il","19":"tag-investment","20":"tag-israel","21":"tag-josh-planos","22":"tag-life-savings","23":"tag-lois","24":"tag-minister","25":"tag-ministry","26":"tag-online-store","27":"tag-personal-finance","28":"tag-personalfinance","29":"tag-profitable-automation","30":"tag-retired","31":"tag-retirement","32":"tag-sarpy-county","33":"tag-scam","34":"tag-scheme","35":"tag-social-security"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/331383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=331383"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/331383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/331384"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=331383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=331383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=331383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}