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View Full Version : One seller managed to scam Square out of $5.7 million - Business Insider



FraudNews
10-14-2015, 10:54 PM
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Business Insider (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNG8byR131AHjdIJvd4jDTiTHYK4DA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778969762795&ei=F90eVsiLHoXH3QH76ZGYBA&url=http://www.businessinsider.com/square-fraud-risks-2015-10)


One seller managed to scam Square out of $5.7 million (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNG8byR131AHjdIJvd4jDTiTHYK4DA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778969762795&ei=F90eVsiLHoXH3QH76ZGYBA&url=http://www.businessinsider.com/square-fraud-risks-2015-10)
Business Insider
"In the three months ended March 31, 2015, we recorded a loss of approximately $5.7 million related to fraud by a single seller using our payments services," Square noted in the filing. That's a lot of money to lose from just one seller. Square did not ...

and more » (http://news.google.co.za/news/more?ncl=d37G8Uz7GnvDDVM&authuser=0&ned=en_za)





More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNG8byR131AHjdIJvd4jDTiTHYK4DA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778969762795&ei=F90eVsiLHoXH3QH76ZGYBA&url=http://www.businessinsider.com/square-fraud-risks-2015-10)