The Payvision Case – The T1 Payments fraud complaint and the Beyond Wealth MLM scheme
Dutch Payvision is already having headaches with its involvement in scams in Europe. But the high-risk payment processor also had problems in the U.S. and was a co-conspirator of U.S. payment processor T1 Payments in a $4M fraud, according to a lawsuit filed by MLM Beyond Wealth allegations. Payvision quickly settled with Beyond Wealth and bought itself off. In Europe, it probably won't be as easy to settle with money. Payvision will get a place of honor in the scam-facilitating payment processors Hall of Fame.