Data Processing Services
Madera Merchant Services, LLCFind BBB Accredited Businesses in Data Processing Services.
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Government Actions
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On 06/09/2020, Madera Merchant Services, LLC, B&P Enterprises, LLC, and their owners Bruce C. Woods and Patricia Woods, along with Madera officer Victor Rodriguez agreed to be permanently banned from payment processing in order to settle charges by the Federal Trade Commission and the State of Ohio that they unlawfully processed payments for multiple scam operations.
The stipulated final order prohibits the defendants from taking part in any payment processing activity, as well as from violating the Telemarketing Sales Rule and the Ohio Consumer Sales Practices Act. It includes a monetary judgment of more than $8.6 million which is mostly suspended due an inability to pay, upon the surrender of the contents of a number of bank accounts along with defendants' personal property.
For more details go to https://www.ftc.gov/news-events/press-releases/2020/06/rogue-payment-processor-helped-perpetuate-multiple-scams-banned?utm_source=govdelivery
Recent information can be also found at https://www.ftc.gov/news-events/press-releases/2021/07/ftc-sends-nearly-23-million-refunds-people-who-lost-money-credit?utm_source=govdelivery
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