[cashman]

Anyone know these guys?? Sounds like they were peddling merchant cash advance as a work-from-home money making business. I have heard of this in many other industries but find it curious that advances were one of the main products. I figure they must know other people in the industry. I find it interesting that on top of charging people to set up their own little ISO, that they would also then sell them leads too. That's pretty screwy.

*American Business Builders LLC; ENF LLC, also doing business as Network Market Solutions; UMS Group LLC; United Merchant Services LLC; Universal Marketing and Training LLC; Unlimited Training Services LLC; Shane Michael Hanna, also known as Shane Michael Romeo; and Stephen Spratt took tens of thousands of dollars from consumers, falsely promising that they would set up a profitable credit card processing business for the consumers. According to the FTC's complaint, the defendants told consumers that, for a fee typically ranging from $295 to $495, they could operate a home-based business selling the defendants' payment processing services, credit card terminals, and merchant cash advances to merchants in the consumers' local communities. The defendants claimed consumers would earn substantial income from this business opportunity in several ways, including by earning a commission on each payment processing terminal sold or leased, a percentage of each merchant cash advance, and a percentage of each merchant's monthly sales volume. The defendants also sold consumers merchant leads for the consumers' businesses, promising they would conduct telemarketing sales campaigns on the consumers' behalf that would generate customers and income for the business. The defendants typically charged $10 per lead, with some consumers paying up to $40,000. The FTC alleged that the defendants did not obtain customers for consumers, and that consumers did not earn any income.

The Commission vote authorizing the staff to file the complaint was 5-0. The complaint was filed in the U.S. District Court for the District of Arizona. On November 6, 2012, the court halted the defendants' allegedly deceptive practices, froze their assets, and put the companies into receivership pending a court hearing.

Source: http://www.sacbee.com/2012/11/15/498...deceptive.html

[Sean Cash]

nope. sounds more like bad guys from the processing space.