Allied Wallet Execs Settle FTC Claims They Helped Hide Fraud

By Hailey Konnath (May 21, 2019, 7:35 PM EDT) -- The CEO and owner of payment processing firm Allied Wallet will forfeit his Los Angeles residence as part of a settlement with the Federal Trade Commission over claims he and two colleagues helped merchants pilfer $110 million from customers using their system, the FTC said Tuesday....

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