I saw a sponsored video about this scam. I reported it but I doubt youtube will take the video down, they suck when it comes to regulating videos that promote scams.
They can easily fight this scam but you will find that the ads are full of such scams. I have also reported, let's see how long this scam will last.
That is true, but they pretend they are having trouble or probably just don't care much about it since they profit from it.
anyway, I found another sponsored video that was recommended to me by YouTube, I reported it too but just like the previous video I doubt something will happen to it.
https://www.youtube.com/watch?v=q8A4PexJRBU