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December 22, 2015

Posted  December 22, 2015

Participants in an alleged credit card “laundering” scheme have agreed to settle FTC charges that they illegally helped provide access to payment networks, thereby enabling scammers to place bogus charges on consumers’ credit cards. According to the FTC’s complaint, PayBasics, Todd Hatch and Jimmy Shin helped the defendants behind the Tax Club fraud to open and maintain merchant accounts used to process credit card payments for sales made by a number of different third-party scammers. The defendants in the Tax Club work at home scheme settled FTC charges last year. FTC

Tagged in: Financial and Investment Fraud, Money Laundering,