The Criminal and Fraudulent Empire of Square, Inc. Merchant Services
Solid sources report that Square, Inc. credit card merchant services, located at 1455 Market Street, Suite 600, San Francisco CA 94103 is being investigated upon information and belief by the Securities and Exchange Commission (“SEC”), Federal Bureau of Investigation (“FBI”), various states’ Attorneys General, San Francisco District Attorney, and other federal and state law enforcement agencies relating to Square, Inc:
(1) fraudulently and falsely inflating their corporate value in preparation for an Initial Public Offering (“IPO”) by illegally plundering their customers’ bank accounts in the tens of millions of customer vested dollars, and then holding these funds for 90 days, collecting and keeping the ill-gotten interest thereon;
(2) quietly de-linking their merchant services from their customers’ bank accounts for days or weeks at a time, not letting their customers know, so that the purposefully ignorant customer keeps using their merchant services, obliviously charging their clients with their credit cards, only to find out weeks later that none of those payments have, or ever will, reach their own bank accounts for those 90 days of this arbitrary “account hold,” when if they were simply told by Square, Inc that their bank account had been de-linked from Square, Inc. Merchant Services, they could have, and would have, advised their own clients for alternate methods of payment, such as cash, checks, money orders, or they could have used a different credit card merchant service;
(3) purposefully not providing proof of their customers’ authorizations and proof of charges to the charge back originating bank for weeks and months on end, thus artificially delaying the prompt resolution of the charge back so that they can hold this money for 90 days or more, accruing and keeping the stolen interest thereon, all the while adding fake monetary valuation to their company, when the money is not even theirs to hold and profit from;
(4) Square, Inc is well known for purposefully not providing either a live customer service operator nor do they respond to emails to the company, so that their customers can not even follow up or find about the status of their own money, for days and weeks on end;
(5) Square, Inc. routinely charges between 4-5% of the credit card amount while most other merchant services charge between 1-2%, thus further robbing their customers to the tune of 500%;
(6) these unlawful and unethical practices violate scores of federal, state and local laws, and it is assumed that a fairly large indictment is coming to address the thousands of customer complaints Square Inc has received in only a few short months, readily available all over the internet. Since this company is headed by former Assistant US Attorney Ross Nadel, who is obviously drunk with arrogance and power, they think that their company is legally and ethically bullet-proof, no matter how many hundreds of thousands of customers and their families lives they are hurting and destroying, during the 2015 Holiday Season.
If you are also a victim of Square, Inc, please also file complaints with your State Attorney General, FBI, IC3, SEC, District Attorneys Office, US Attorneys Office at the USDOJ, and even with the Better Business Bureau. It is not long before these criminal fraudsters are brought to justice if enough people complain. |
