The order requires the defendants to notify their customers that Riverside will waive the early termination fee or any penalty for rescinding the merchant-processing agreements for a 60-day period.
The Commission vote authorizing the staff to file the complaint and stipulated final order was 2-0.
Federal Trade Commission · Official source · Updated
A Kansas business owner was sentenced to 12 months and one day in prison for failing to forward payroll taxes paid by his employees to the Internal Revenue Service (IRS).
Tax preparer sentenced to prison A Kansas tax preparer was sentenced to 36 months in prison for filing false income tax returns for his clients leading to a tax loss of more than $1.5 million.
Sanctions Against North Korea A Bosnian national was sentenced to 60 months in federal prison after pleading guilty to federal export and sanctions violations by conspiring and attempting to broker the sale of Man.
The Securities and Exchange Commission charged Ernest Ossei Boateng and two New Jersey-based companies he controls for allegedly raising approximately $16 million from more than 200 inexperienced investors through a Ponzi scheme.
Boateng operated the alleged Ponzi scheme from at least January 2020 until at least March 2026.
President Trump signed five Proclamations pursuant to Section 338 of the Tariff Act of 1930 to ban certain products from Canada.
President Trump imposed import bans on certain Canadian alcohol and other products that were subject to the 50 percent tariffs imposed under Section 338 in Proclamation 11046.
President Trump imposed import bans on certain Canadian dairy and other products of Canada that were subject to the 50 percent tariffs imposed under Section 338 in Proclamation 11047.
The cease and desist order for United Texas Bank was dated August 29, 2024, and was terminated on September 2, 2026.
The written agreement for Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp. was dated July 5, 2023, and was terminated on September 2, 2026.