Settlement Reached Over $11M Scheme to Steal From Customer Bank Accounts


As part of National Consumer Fraud Week, a settlement was announced Thursday between NY Attorney General Eric Schneiderman and Northern Leasing Systems, for a scheme to drain nearly $11 million from the bank accounts of small business customers across the country.

The company and its affiliates provided credit card processing machines and other eqipment to small businesses. They siphoned over $3.6 million in unauthorized fees from the bank accounts of nearly 110,000 former customers before being discovered. The settlement requires that the defrauded companies be fully refunded.

“My office will go after companies who cheat the marketplace and use shell companies to pick the pockets of unsuspecting and hard working business owners,” said Schneiderman.