I don't chap what they did ? Just disputed 270k ?
Bogus company & Amex couldn't get their money back.
So why not put it back on the card?
If you return something and the business you bought it from went bankrupt then Amex will cover for them apparently, and will try to recover it. The issue here is that they returned the money to themselves and emptied out the merchant account.
Whats the law regarding merchant accounts ? They have to be prepared to give the bank back 6-7 digits, or whatever amount they ask for ?
I wonder how they came to the conclusion that they were all in on it & not just the merchant trying to bilk them.
According to the indictment and documents filed in court, between November 2013 and January 2014, SAMUEL BERKOVITS, 50, BEZALEL MERMELSTEIN, 40, MOSHE POMERANTSEV, 22, NAFTALI SAFERN, 30, and YEHUDA TYRNAUER, 29, used their personal credit cards to make thousands of dollars’ worth of purchases from 92K BLVD., a shell company, which maintained an American Express merchant account linked to a Bank of America account, both of which were owned by ISRAEL FISCHER, 62. During the same period, numerous checks in amounts ranging from $5,000 to $15,000 were written from 92K BLVD.’s account to other outside companies, through which thousands of dollars in checks were then distributed back to the individual defendants in amounts ranging from $4,000 to $9,000
I'm not even sure it's LH.
And how did you come to that conclusion?
Publicly available info via NY daily news.
Shouldn't be reading that cesspool.
Lol I don't but I imagine they have enough ppl that do
