Fraud Schemes Just Keep Coming. episode artwork

EPISODE · Aug 12, 2022 · 11 MIN

Fraud Schemes Just Keep Coming.

from AML Conversations · host AML RightSource

The US Department of Justice has announced that a federal grand jury has indicted representatives of Electronic Transactions Systems Corporation, a payment processor, for fraud and money laundering. The indictment alleges that during the multi-year scheme, the company defrauded 7,000 customers out of millions of dollars. John and Elliot discuss the indictment and the scope of the alleged fraud. They also chat about a letter from US Treasury Secretary Janet Yellin, supporting the funding in the Inflation Reduction Act to modernize the IRS.

Episode metadata supplied by the publisher feed · Published Aug 12, 2022

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Fraud Schemes Just Keep Coming.

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