Merchant Account Underwriting Tools

Monthly Archives: February 2014

A massive deceptive work-from-home scam that bilked consumers out of millions

The defendants used deceptive emails and websites to induce consumers initially to purchase relatively inexpensive work-at-home kits. They sold these kits, which typically cost from $37 to $99.

The defendants then duped consumers into thinking they could earn thousands working from home and also encouraged them to put the entire cost of the program, generally from $3,000 to $12,000, on their credit card, claiming they would be able to pay it off within a few months.

The defendants promised consumers that they would earn thousands of dollars a month using defendants’ coaching program to assist them in establishing their own online businesses.

According to the FTC, most people who bought the defendants’ services did not get a functional online business, earned little or no money, and ended up heavily in debt.

Know Your Customer.

The individual defendants are:
David Gregory Bevan
Jessica Bjarnson
Phillip Edward Gannuscia
Chad Huntsman
Scott Nemrow
Jeffrey Nicol
Thomas J. Riskas III
Babata Sonnenberg
Ken Sonnenberg.

The corporate defendants are:
Apply Knowledge LLC,
also doing business as Apply Knowledge Institute
and Coaching Department
Dahm International LLC
Dominion of Virgo Investments Inc.
eCommerce Support LLC
Essent Media Inc.
eVertex Solutions LLC
also d/b/a Members Learning Center
Nemrow Consulting LLC
Novus North LLC,
also d/b/a Mymentoring
Yes International LLC,
Your Ecommerce Support International LLC
Purple Buffalo LLC,
also d/b/a Netmarketing
Supplier Source LLC
365DailyFit LLC,
also d/b/a Net Training
Vensure International LLC
VI Education LLC.

2:14-cv-00088-DB Federal Trade Commission v. Apply Knowledge et al
United States District Court Utah. Date of last filing: 02/24/2014

$2.4 Billion Dollars Is a Lot Of Processing

Especially when the bank already knew of serious cause for concern regarding the ISO’s merchant’s unauthorized return rates with a prior bank. During a so-called Due Diligence, bank employees discussed the unauthorized ACH debit return rate that was substantially higher than industry standards and that the processor took several months to address merchants with reallyRead More