Because the FTC is budgetarily starved intentionally and doesn't have the time to go after every minor false claim out there. It's also a somewhat losing game because all they really have to do is have a single measurement showing a car did produce more horse power after placing the slab on the chip, which is extremely doable because measuring generated horsepower is far from a perfectly repeatable measurement, and they could slip out of any case brought by the FTC or winnow it down to a minor fine for less than the profits from their sales.
They have dyno charts on their website! It made between 2.7 and 3hp on the two vehicles they tested, which is pretty much the amount of variation you'd expect between two dyno runs. Total rubbish.