US: 4 CHARGED IN ALLEGED $150 MILLION PAYMENT PROCESSING SCHEME INVOLVING PROHIBITED AND HIGH-RISK BUSINESSES

A news release from US DoJ on 26 August advised that 4 individuals have been charged with conspiring to deceive banks into allegedly processing more than $150 million in credit and debit card payments on behalf of merchants involved in prohibited and high-risk businesses, including online gaming, debt collection, debt relief, online pharmaceuticals and payday lending, among others.  The individuals were officers of Allied Wallet Inc and Priority Payout.

https://www.justice.gov/usao-ma/pr/four-charged-alleged-150-million-payment-processing-scheme

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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