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=q8A4PexJRBUUnless some government authority complains about these kinds of ads they are showing, they will just ignore those reports. I tried reporting such kind many times but it didn't work. I wonder who the hell approved such low-quality and scam ads and how you should report them when they are just too good to be true offers.