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If it's the large tropical beetles you're talking about I probably wouldn't risk it. Besides the massive size they grow to (I'm sure you're only planning on feeding small juvenile beetles) bright reds and yellows in nature often indicate toxicity or at the least some sort of noxious defence mechanism. I hope someone chimes in with some more info.
Ah I see, there is also a horrifying creature known as the harlequin beetle in south and Central America (pic below)
I suppose if they're being sold as feeders they should be ok, especially because you can control what they eat. I'm a little wary of the "unique tasting treat" part of that ad. You may want to order a small amount first to make sure your chameleon or other reptiles will eat more than one.