Oregon Broker Sentenced for $14 Million Payment Fraud

Jeremy Todd Briley, a 47 year old payment processing broker from Oregon, has been sentenced to three years in prison for his participation in a $14 million fraud operation. Briley acted as a middleman between sham merchants and payment processors, allowing fraudulent companies to siphon funds from unsuspecting business bank accounts.

Court documents show that Briley facilitated these thefts from 2017 through 2023. Even after receiving multiple warnings that the debits were unauthorized, he continued to help these companies process payments and even took steps to deceive banks by manipulating transaction data to hide the scale of the fraud. Briley pleaded guilty to one count of wire fraud earlier this year.

Beyond his prison term, Briley must serve three years of supervised release. He has also been ordered to forfeit $460,000 gained through his illegal activities. This case serves as a sharp reminder for businesses to monitor their payment processing channels closely and verify the legitimacy of their service providers.