Oregon Payment-Processing Broker Gets Three Years in $14 Million Fraud

Jeremy Todd Briley, a 47-year-old payment-processing broker from Happy Valley, Oregon, connected merchants with U.S. processors capable of debiting business bank accounts. Prosecutors said his two largest clients falsely posed as online marketing companies while making unauthorized withdrawals. The case highlights the gatekeeping role of brokers and processors, as weak merchant due diligence and manipulated debit-return data can preserve sham operators’ access to the banking system even after fraud warnings emerge.

A federal court sentenced Briley on July 20, 2026, to three years in prison followed by three years of supervised release and ordered him to forfeit $460,000, the U.S. Justice Department said. From February 2017 through December 2023, he maintained processing relationships for the sham merchants despite knowing their debits were fraudulent, helping enable more than $14 million in unauthorized and attempted withdrawals. Briley pleaded guilty to one count of wire fraud in April 2026. The USPIS and FDIC-OIG investigated the case.