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Payment Processor and its Former CEO Pay $1.5 Million to Settle FTC Charges They Facilitated Fraud

Complete Merchant Solutions, LLC (CMS) and its former CEO, Jack Wilson, have settled Federal Trade Commission charges that they illegally processed millions of dollars in consumer credit card payments for fraudulent schemes when they knew or should have known that the schemes were defrauding consumers. Those schemes included Apply Knowledge and Tarr, which were ultimately shut down by an FTC enforcement action, and USFIA, which was shut down following an enforcement action by the U.S. Securiti...
United States Andrew Smith Jack Wilson Exchange Commission Bureau Of Consumer Protection Merchant Solutions
Source: ftc.gov

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