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The rapid advancement of Artificial Intelligence (AI) has led to both legitimate innovation and a burgeoning ecosystem of fraud, particularly centered around the concept of "AI Agents." These autonomous programs, capable of performing complex tasks, are widely touted by legitimate tech firms, but this excitement is exploited by scammers. The core issue is "agent washing": rebranding simple chatbots and automation tools as sophisticated AI agents to sell unrealistic dreams of automated wealth.

This report details how these schemes operate, from social media pitches for "AI Agencies" to fraudulent crypto investments leveraging AI buzzwords. It highlights the significant gap between marketing claims and the current reality of AI agent capabilities, which are often brittle, unreliable, and costly. Regulatory bodies, notably the U.S. Federal Trade Commission (FTC), are aggressively targeting these deceptive practices, signaling a new era of accountability. Ultimately, navigating this landscape requires healthy skepticism and proactive verification to distinguish genuine innovation from pervasive deception.