A U.S. federal court has shut down what the Federal Trade Commission says was a fake tech-support firm that posed as Facebook and Microsoft and tricked consumers into paying up to $600 for bogus ...

Paddle will pay the FTC $5m to settle allegations that it processed payments for tech support scammers. The UK-based payments firm will also be permanently banned from processing payments for tech ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The firm will also be permanently banned from processing ...

The Federal Trade Commission has reached a settlement with U.K.-based payment processor Paddle.com Market Limited and its U.S. subsidiary, Paddle.com, Inc., that includes a $5 million payment and a ...

On June 16, 2025, the FTC announced it had reached a settlement with a UK-based payment processor, resolving allegations that the company facilitated deceptive tech-support schemes by processing ...

Phyllis Weisberg, 90, never thought she’d fall for a scam. Though widowed and living alone, she maintained robust social connections and confidently used her mobile phone and laptop computer to ...