Hanging Out to Dry: FTC’s Ongoing Pursuit of Credit Card Laundering has Reached an Apex

The Federal Trade Commission (“FTC”) continues to crack down on companies engaged in credit card laundering. Credit card laundering is the practice of processing credit card transactions for one company through the merchant processing account of another company. Credit card laundering can be used to bypass the monitoring practices and volume thresholds of credit card associations and payment processors. A new complaint and a settlement of a prior case highlight the effort that the FTC is devoting to this area. On November 14, 2018, the FTC filed a complaint against Apex Capital Group, LLC and others, alleging an international network of corporations and individuals that marketed “free” trial offers to consumers for personal care products and dietary supplements, only to charge consumers the full price for the products. The Defendants also allegedly engaged in credit card laundering. The FTC alleged that the Defendants used dozens of shell companies and…

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