An Ontario man is among four charged in a massive fraud scheme involving over $128 million, according to U.S. authorities.
Ontario: So, here’s the scoop. An Ontario guy is in some serious trouble along with three others. They’re facing charges for a huge fraud and money-laundering scheme that racked up over $128 million. Can you believe it?
According to the IRS, this Canadian teamed up with three guys from the U.S. They allegedly pulled a fast one by submitting fake applications to get merchant accounts from U.S. banks. They used personal info from unsuspecting folks, which they got through shady means.
Once they had those accounts, they started accepting credit and debit cards to run an e-commerce business. But it wasn’t your typical business; they were using some pretty sketchy sales tactics.
The IRS claims these guys were smart about it. By using other people’s info, they thought they could dodge the risks that come with their shady business. But it didn’t work out too well for them.
They managed to pull in over $128 million, which is just wild. And to make matters worse, they were laundering their money by paying for ads to promote their scam.
Besides the Ontario man, there are guys from Miami, Orlando, and Bay Shore, New York, who are also in hot water for conspiracy to commit bank fraud and money laundering. The Miami and Bay Shore guys even got hit with additional bank fraud charges.
The IRS hasn’t said where the Ontario man is or if he’s been arrested yet. But they’re looking to seize three homes in Miami and one in the U.S. Virgin Islands, plus they want to recover over $128 million from these guys.
