FTC Says Payment Cos. Laundered Credit Cards In $7M Scam
By Christopher Crosby ( August 1, 2017, 3:39 PM EDT) -- The Federal Trade Commission asked an Arizona federal court to force credit card processing companies to repay their share from a $7 million telemarketing and money lending referral scheme that scammed mostly seniors, alleging that the companies assisted fraudsters by laundering credit card transactions and pocketing the revenue....
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