FTC Sends Refunds to Consumers Harmed by a Tech Support Scam Facilitated by Payment Processor Nexway

Summary:

The Federal Trade Commission (FTC) has sent over $610,000 in refunds to consumers who lost money to a tech support scam facilitated by Nexway, a payment processing company. According to the FTC's complaint, Nexway and its officers were involved in several offshore tech support scams, processing tens of millions of dollars in charges. The defendants have agreed to a settlement with the FTC, which prohibits them from further payment laundering and requires them to monitor high-risk clients for illegal activity. The FTC is sending checks to 6,490 consumers, with most receiving a check in the mail and eligible consumers without an address on file receiving a PayPal payment.