Orrick, Herrington & Sutcliffe·CONSUMER PROTECTION
FTC settles $12M with processor for facilitating billing scams
The FTC obtained a $12M settlement from a payment processor for knowingly processing $100M+ through 1,000+ shell entities used as fronts for unauthorized billing scams.
ftc-enforcementpayment-processor-fraudconsumer-protectionshell-entitiesftc-act-section-5
Read the original firm alert → Tuesday, September 15, 2026