Last Updated
Case Status
Pending
Federal Trade Commission, Plaintiff, V. BlueSnap, Inc., a Corporation, BlueSnap Payment Services Ltd, a Corporation, Ralph Dangelmaier, Individually and as an Officer of BlueSnap, Inc., and Terry Monteith, Individually and as an Officer of BlueSnap, Inc., Defendants.
Case Summary
The Federal Trade Commission is taking action against payment processing company BlueSnap, Inc., along with its former CEO Ralph Dangelmaier and senior vice president Terry Monteith, charging them with knowingly processing payments for deceptive and fraudulent companies. The defendants have agreed to a settlement that will require them to turn over $10 million for consumers and stop processing payments for certain high-risk clients.
In a federal court complaint, the FTC charged that BlueSnap and its officers processed millions of dollars in credit card payments for ACRO Services despite substantial evidence that the company was fraudulent. The FTC sued ACRO Services in November 2022.