ALLOWS MERCHANTS TO SELL SECURELY FROM THEIR WEB SITES, ENABLING CUSTOMERS TO PURCHASE PRODUCTS AND SERVICES
ONLINE WITH THEIR CHOICE OF CREDIT CARD OR ELECTRONIC CHECK...
Former Web Company President Pleads Guilty
Wednesday, January 23, 2008
The former president of a Providence-based firm that sold electronics on the Internet pleaded guilty Wednesday to scamming a credit card processing company out of $2 million.
Cory Johnson, 29, pleaded guilty to conspiracy to commit wire fraud and money laundering Wednesday in U.S. District Court. He faces up to 15 years in prison and $500,000 in fines.
Prosecutors said Johnson started Mixitforme in 2005.
He falsified documents submitted to a credit card processing firm, which lost $2.2 million when it had to reimburse customers for orders that Mixitforme never filled.
Johnson previously agreed to plead guilty and cooperate with authorities in return for a reduced sentence. His defense attorney declined to comment.
Cardservice International is a registered service provider for the following FDIC-insured banks:
First Financial Bank, Denver, CO; Wells Fargo Bank, N.A.
*American Express and Discover require separate approval.
