As part of the judgment, the defendants will surrender the funds in their bank accounts and personal properties to the FTC and the State of Ohio.
The defendants also agreed not to engage in any payment processing activity and to stop violating the Telemarketing Sales Rule and the Ohio Consumer Sales Practices Act.
In a statement, FTC Bureau of Consumer Protection Director Andrew Smith said, “Payment processors who help scammers steal people’s money are a scourge on the financial system. When we find fraud, we are committed to rooting out payment processors and other companies who actively facilitate and support these fraudulent schemes.”
