States Say Florida Company Helped Scammers

By: Bill Wilson
By: Bill Wilson

A payment processing company is being sued by seven states and the federal government, being accused of helping phony telemarketers and Internet merchants take money from consumers' bank accounts.

North Carolina Attorney General Roy Cooper joined six other attorney generals in suing Your Money Access. Cooper says the Lake Mary, Florida company helped process $200 million between June 2004 and March 2006.

The states and the Federal Trade Commission claim after consumers gave account information over the phone or on the Internet, scammers then sent it to Your Money Access for processing. Cooper says the company knew it was dealing with merchants that were out to deceive consumers.

Other states involved in the lawsuit are Illinois, Iowa, Nevada, North Dakota, Ohio and Vermont.

Also named as defendants in the case are Your Money Access, LLC d/b/a Netchex Corp., Universal Payment Solutions, Check Recovery Systems, Nterglobal Payment Solutions, Subscription Services, Ltd.; YMA Company, LLC, and officers Derrelle Janey, and Tarzenea Dixon.

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