Tag: Terry Moneith

High-Risk Payments: BlueSnap Settles for $10 Million with FTC Over Fraudulent Payment Processing!

Money Laundering tamir - May 2, 2024

Payment processor BlueSnap, its former CEO Ralph Dangelmaier, and SVP Terry Monteith agreed to a $10 million settlement with the Federal Trade Commission (FTC) for its role in processing payments for companies engaged in deceptive and fraudulent practices. The settlement mandates significant financial restitution aimed at compensating consumers and a strict prohibition against processing payments for certain high-risk clients.

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