FTC imposes $110M monetary judgement against Allied Wallet for processing fraudulent transactions


After that, the Commission will suspend the remainder of the monetary judgement because of Khawaja’s inability to pay.

The FTC also imposed a $320,429.82 equitable monetary judgment against Rountree, but it was suspended due to her inability to pay. It also required Diab to pay $1 million in equitable monetary relief.

Aside from the monetary judgement, the FTC prohibited the settling defendants from engaging in any payment processing. They are not allowed to market, promote or sell the following goods or services:

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  • Money making opportunities
  • Credit repair
  • Credit card protection
  • Identity theft protection
  • Debt collection, debt counselling, debt settlement or debt consolidation
  • Mortgage or loan modification
  • Government grants or
  • Timeshare resale

The settling defendants are also prohibited from engaging in outbound telemarketing and to be listed on the Mastercard Member Alert to Control High-Risk Merchants (MATCH). They are not allowed to register as a high-risk merchant under the rules of MasterCard and Visa.