Merchant Account Underwriting Tools

Category Archives: Uncategorized

The Rubins

In reviewing my calendar today I was reminded that THIS WAS THE WEEK for Blake Rubin, age 37, to be released from the federal pen. In fact, He was released on December 31, a little late for the Christmas scams. Nevertheless, ready for the New Year.

Brother Chase Rubin, age 35, was released the preceding day and they may have reconnected with their father, Adrian, age 63,who got out last August and if so inclined, could have set up a new “business” for them.

Or not. Perhaps they have been rehabilitated and have found a trade that doesn’t involve the scamming of thousands of elderly victims. Sure, there are legitimate Adrian, Blake and Chase Rubins out there and I don’t want to impinge their good reputations.

Nevertheless, underwriters should look carefully at any merchant account applications attached to these names. And don’t let their alleged involvement with “scholarships” or other generosities influence you.

FEELING SICK? GOT THE VIRUS?

Underwriters will need to watch for merchants promoting phony cures for COVID-19. As if the sale of nutraceuticals was not already a category to be evaluated very closely prior to boarding, the current health crisis has brought some of the usual suspects out of the woodwork. Jim Bakker (The Jim Bakker Show) and his MorningsideRead More

Those Sneaky Rubins

Not content with the past, they prepare for the future when they are released. there’s Papa Adrian release date August 23, 2020 And Number One Son Blake, release date January 18, 2021, and even Number Two Son, Chase, release date January 17, 2021. Thanks to Craig Silverman of Buzzfeed (https://www.buzzfeednews.com/article/craigsilverman/google-search-manipulation-online-reputation-expert) for reminding me of thisRead More

Payment Processor Banned

$1.7 Million Judgment Ordered Previously Thomas Wells and his payment processing company, Priority Payout Corp., have agreed to settle FTC charges that they repeatedly violated a 2009 court order issued against them. The settlement permanently bans Wells and Priority Payout Corp. from engaging in, and assisting others with, payment processing, and includes a $1.8 millionRead More

WORLDWIDE EXECUTIVE JOB SEARCH SOLUTIONS, LLC

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION   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 liabilityRead More

Seven Figure Career Awaits You!

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

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