Firm tied to political donor to pay $110M in federal probe

By The Associated Press

Posted May 23, 2019 04:24:24 PM.

WASHINGTON — A payment processor run by a prominent political donor will pay $110 million to settle U.S. charges the company knowingly processed transactions for merchants engaging in frauds.

The Federal Trade Commission announced this week that Allied Wallet, its chief executive Ahmad “Andy” Khawaja and two other senior company officers had agreed to settle charges they participated in numerous scams.

The federal probe stemmed from a 2018 investigation by The Associated Press that showed Khawaja’s company had helped pornographers, shady debt collectors and offshore gamblers access the international banking system, often by using dummy foreign corporations and fake websites.

Khawaja, Allied Wallet and top executives have contributed at least $6 million to Democratic and Republican candidates and groups. Those donations helped earn Khawaja an Oval Office visit with President Donald Trump.

The Associated Press

Submit a Correction
Accessibility Feedback

Top Stories

Feds targeting a dozen foreign grocery chains for expansion in attempt to increase competition
Feds targeting a dozen foreign grocery chains for expansion in attempt to increase competition

The federal government continues to seek a foreign grocery store operator to come to Canada in an effort to increase competition and provide more options to residents. According to the Wall Street Journal,...

11h ago

Kitchener Conestoga MP tables motion to study protection of farmland
Kitchener Conestoga MP tables motion to study protection of farmland

Kitchener-Conestoga MP Tim Louis is calling for a study into the long-term use of prime agricultural farmland. The motion was tabled on Thursday at the Standing Committee on Agriculture and Agri-Food....

14h ago

Patients reaching for their credit card, not just their OHIP card: Report
Patients reaching for their credit card, not just their OHIP card: Report

The Ontario Health Coalition's (OHC) most recent report paints a damning picture of the Ford government's expansion of health care to private clinics. The OHC surveyed people between February 5 and...

8h ago

BWXT announces $80M investment for plant in Cambridge
BWXT announces $80M investment for plant in Cambridge

BWX Technologies (BWXT) in Cambridge is investing $80-million to expand their nuclear manufacturing plant in Cambridge. Minister of Energy, Todd Smith, was in the city on Friday to join the company...

10h ago

Top Stories

Feds targeting a dozen foreign grocery chains for expansion in attempt to increase competition
Feds targeting a dozen foreign grocery chains for expansion in attempt to increase competition

The federal government continues to seek a foreign grocery store operator to come to Canada in an effort to increase competition and provide more options to residents. According to the Wall Street Journal,...

11h ago

Kitchener Conestoga MP tables motion to study protection of farmland
Kitchener Conestoga MP tables motion to study protection of farmland

Kitchener-Conestoga MP Tim Louis is calling for a study into the long-term use of prime agricultural farmland. The motion was tabled on Thursday at the Standing Committee on Agriculture and Agri-Food....

14h ago

Patients reaching for their credit card, not just their OHIP card: Report
Patients reaching for their credit card, not just their OHIP card: Report

The Ontario Health Coalition's (OHC) most recent report paints a damning picture of the Ford government's expansion of health care to private clinics. The OHC surveyed people between February 5 and...

8h ago

BWXT announces $80M investment for plant in Cambridge
BWXT announces $80M investment for plant in Cambridge

BWX Technologies (BWXT) in Cambridge is investing $80-million to expand their nuclear manufacturing plant in Cambridge. Minister of Energy, Todd Smith, was in the city on Friday to join the company...

10h ago

Most Watched Today

2:10
What's at stake for youth involved in Canada's auto theft crisis?
What's at stake for youth involved in Canada's auto theft crisis?

In a testimony on Parliament Hill, police speak about the violent threat facing youth involved in vehicle robberies. Xiaoli Li with what authorities suggest might help intercept more stolen cars passing through Canada's shipping ports.

1:02
Two Trump jurors dismissed
Two Trump jurors dismissed

It appears the process of picking jurors for Donald Trump's criminal trial will be even more difficult than expected. Find out why two jurors who had been selected to the panel have already been dismissed.
0:50
Scam that cost Canadian grandparents millions is shut down
Scam that cost Canadian grandparents millions is shut down

A multi-million-dollar scam that's been targeting grandparents has been shut down. The fraud scheme involved seniors being called on their landline phone and told that a family member or grandchild was in custody and needed to be bailed out of jail. 
1:55
Canada to raise tax on tobacco, vapes
Canada to raise tax on tobacco, vapes

Canada is set to raise the tax on tobacco and vaping products, but will a complete ban on the products ever come? Jillian Code reports.
2:06
Police make multiple arrest in massive $20M gold heist at Toronto's Pearson airport
Police make multiple arrest in massive $20M gold heist at Toronto's Pearson airport

Nine people, including Air Canada employees, are facing charges in connection to the $20-million Toronto Pearson airport gold heist that was meticulously carried out in April 2023.
More Videos