Fraudulent Merchant Accounts news and trends

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FTC Charges 12 With Laundering Millions In Credit Card Charges

August 08, 2017
The Federal Trade Commission (FTC) announced news on Monday (Aug. 7) that it charged twelve people with money laundering millions of dollars in credit card charges via fraudulent merchant accounts. According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let […]