A Canadian company that helped tech support scams in laundering credit card payments reached a settlement agreement with the Federal Trade Commission (FTC).
According to the FTC, RevenueWire and its CEO, Roberta Leach will pay $6.75 million to resolve the complaint alleging they laundered credit card payments for two tech support scams. Inbound Call Experts (ICE) and Vast.
The federal consumer protection watchdog previously filed separate lawsuits against ICE and Vast for scamming millions of dollars from thousands of consumers. Both companies settled the FTC charges in 2016.
FTC’s complaint against RevenueWire
The federal consumer protection watchdog alleged that RevenueWire violated the Telemarketing Sales Rule (TSR) and the FTC Act by participating in deceptive and unfair business practices.
According to the FTC, RevenueWire entered into contracts with payment processors to obtain merchant accounts to process credit card charges for its own sales of eBooks and software. The contracts prohibited RevenueWire from submitting third-party sales through its merchant accounts.
