Merchant Account Underwriting Tools

No Matter How Hard We Risk Managers Try

We cant always protect our employers or clients from themselves.

I was recently reminded of a talk I made to a local civic group many years ago about the role of the FBI in preventing and prosecuting advance fee schemes. I outlined the danger signals to watch for in attempting to get funding from alternative sources.

A week later one of the members approached me and said that he needed capital to complete a large project and the banks wouldn’t consider a loan. He asked if I would introduce him to one of the scammers I knew of so that he could obtain funds from them.

My talk must have been less than convincing.

But, if you want to open a merchant account for a known crook, I can send one your way. As a matter of fact, I recognize several of them who are fishing around on LinkedIn.

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