Editing Federal Trade Commission (section)

==== Money Now Funding / Cash4Businesses case ====
In September 2013, a federal court closed an elusive [[business opportunity]] scheme on the request of the FTC, namely "Money Now Funding"/"Cash4Businesses".<ref>{{Cite web |date=2013-09-26 |title=FTC Halts Elusive Business Opportunity Scheme |url=https://www.ftc.gov/news-events/press-releases/2013/09/ftc-halts-elusive-business-opportunity-scheme |access-date=2019-02-08 |website=Federal Trade Commission |language=en}}</ref> The FTC alleged that the defendants misrepresented potential earnings, violated the [[National Do Not Call Registry|National Do Not Call Register]], and violated the FTC's Business Opportunity Rule in preventing a fair consumer evaluation of the business.<ref>{{Cite web |title=Case 2:13-cv-01583-ROS Document 95 Filed 09/13/13 |url=https://www.ftc.gov/sites/default/files/documents/cases/130926rosemarketingpi-hobbs.pdf |website=FTC}}</ref> This was one of the first definitive actions taken by any regulator against a company engaging in transaction laundering, where almost US$6 million were processed illicitly.<ref>{{Cite web |date=2018-03-15 |title=What is transaction laundering and what is the Industry doing about it? |url=https://www.paymentscardsandmobile.com/what-is-transaction-laundering-and-what-is-the-industry-doing-about-it/ |access-date=2019-02-08 |website=Payments Cards & Mobile |language=en}}</ref><ref>{{Cite web |date=2017-09-13 |title=FTC Targets Transaction Laundering In Landmark Lawsuit |url=http://evercompliant.com/ftc-targets-transaction-laundering-in-landmark-lawsuit/ |url-status=dead |archive-url=https://web.archive.org/web/20190209180130/http://evercompliant.com/ftc-targets-transaction-laundering-in-landmark-lawsuit/ |archive-date=February 9, 2019 |access-date=2019-02-08 |website=EverCompliant |language=en-US}}</ref>

In December 2018, two defendants, Nikolas Mihilli and Dynasty Merchants, LLC, settled with the FTC.<ref>{{Cite web |date=2018-12-10 |title=Two Defendants Settle Allegations in 'Money Now Funding' Credit Card Charge Laundering Scheme |url=https://www.ftc.gov/news-events/press-releases/2018/12/two-defendants-settle-allegations-money-now-funding-credit-card |access-date=2019-02-08 |website=Federal Trade Commission |language=en}}</ref> They were banned from processing credit card transactions, though the initial monetary judgment of $5.8 million was suspended due to the defendant's inability to pay.