Merchant Account Underwriting Tools

Seven Figure Career Awaits You!

Defendants use social media platforms like LinkedIn to identify consumers with marketing, business, or management experience.

  1. In truth and in fact, in almost all instances, consumers do not obtain a high-paying executive or management job because there is no potential job, the job interview is a charade, and Defendants Craig Chrest and his miriad dbas have not been engaged by an employer to fill job openings that match consumers’ experiences or resumes. Indeed, Defendants do not have special relationships with, and do not serve as the “go-to recruiter” for, 400 PE/VC firms, as claimed in their websites, press releases, and sales solicitations.
from https://www.asktheheadhunter.com/tag/craig-chrest

FEDERAL TRADE COMMISSION, Plaintiff, v.
WORLDWIDE EXECUTIVE JOB SEARCH
SOLUTIONS, LLC, a limited liability company, also d/b/a WWEJSS, Seven Figure Careers, 7FigRecruiters, 7FC, Finnburg Switzer, ResumeterPro, Creating Job Opportunity, Confidential Jobs Only, CJOnly, and CJO Private Equity,
PRIVATEEQUITYHEADHUNTERS.COM,
LLC, a limited liability company, also d/b/a Private Equity Headhunters, PE Headhunters, and PEHHS.COM, LLC,
and  
CRAIG NICHOLAS CHREST, individually and as a managing member of Worldwide Executive Job Search Solutions, LLC,
 

And what about CHARGEBACKS at the rate of $1500 to $4500 each? Remember underwriters, it’s the prospective employer who pays a recruiter, not the job seeker paying up front.

CORPORATE OFFENDERS

Who went to jail? Rank Parent Name Penalty Total Dollars Number of Records 1 Bank of America $58,406,055,098 119 2 JPMorgan Chase $29,715,750,704 99 3 BP $26,999,493,351 219 4 Volkswagen $23,312,734,121 38 5 Citigroup $17,267,715,789 68 6 Wells Fargo $14,779,993,515 93 7 Deutsche Bank $12,527,268,086 32 8 Royal Bank of Scotland $12,429,670,000 16 9 GoldmanRead More

Underwriters and ROSCA

That’s “Restore Online Shoppers Confidence Act” in case you forgot. 15 U.S.C Section 8401-8405. GOPALKRISHNA PAI, of Puerto Rico, opened numerous Wyoming corporations (you do know about Wyoming corporations, don’t you?) including at least one hundred companies owned and controlled by himself and operated as a common enterprise while engaging in the deceptive acts andRead More

The Top Frauds of 2018

Which Ones Affect Underwriters? We might well ask “Which Ones Don’t?” The FTC fraud complaint site amassed 1.4 million complaints in 2018 totaling one and a half billion dollars, a 38% increase over 2017, in consumer losses. Everything from debt collection, imposter scams, identity theft, work at home, credit card fraud, to many more esotericRead More

Stay Tuned For Criminal Case Sentencing

Defendants Used Companies to Cause More Than $7 Million in Unauthorized Charges to Thousands of Consumers. Credit card processors, in turn, paid millions of dollars in refunds for fraudulent charges associated with the defendants’ companies between 2013 and 2017 in attempts to refund affected consumers. JAMES BECKISH and JOSEPH ANTHONY DEMARIA pled guilty to oneRead More

OPERATION CHOKEPOINT IS STILL AROUND

FTC Testifies Before House Committees Regarding Ongoing Focus on Payment Processors Article By:Sarah T. Reise in the National Law Review On July 26, 2018, the FTC testified before two subcommittees of the U.S. House Committee on Oversight and Government Reform regarding the FTC’s continued focus on payment processors. Andrew Smith, the Director of the FTC’sRead More

PEOPLE WE LOVE TO HATE

This case involves billions of robocalls dialed using software and servers provided by Defendant James “Jamie” Christiano and his companies: Defendants NetDot Solutions, Inc. and TeraMESH Networks, Inc. At least one billon of those robocalls were programmed to transfer to a call center run by the other set of defendants in this case, Defendant AndrewRead More

Has ANY ISO ever made ANY money processing time share resales????

I mean after chargebacks. …And without being collusive in their enterprise.  Which is another whole story, or course. The defendants are Jess Kinmont, John P. Wenz, Jr., Pro Timeshare Resales of Flagler Beach LLC, Pro Timeshare Resales LLC, and J. William Enterprises LLC, doing business as Pro Timeshare Resales. They are charged with violating theRead More

Business Coaching for Dummies

“As alleged in the FTC’s complaint, the defendants charge up to $13,995 – usually on consumers’ credit cards – for a purported business coaching program that provides information that is largely available for free on the Internet, and thousands of dollars more for other purported business development services. Rodabaugh and Larsen opened merchant accounts usedRead More

Some Scamster Should Have Patented this Thirty Years Ago

Arrrggg! How did I not think of this back when it was sort of unique. Actually I did. Here’s wording from the federal complaint, translated into plain (er) English: “There were various entities involved in the processing of credit card payments, including credit card issuers, credit card acquirers or processors, companies that operated credit cardRead More