Father-son business faces bankruptcy after foreign scam, corporate lawsuit

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A local hops company is in trouble after getting caught in a foreign scam, where their bank approved 'credit card transactions to a non-existing credit card number.'

Now, Randall and Tase Flores, the pair behind US Hop Source in Englewood, fear bankruptcy is their only way forward.

First, it was business as usual: providing prices, chatting over the phone, starting the invoice process and taking a credit card payment for about $19,000, which initially posted, he said. The Floreses are hardly the first to be tricked in an elaborate scheme. The Federal Bureau of Investigation listed business and investment fraud as one of the most commonabout home improvement scams, Internal Revenue Service phone scams and tax season phishing, among others.close to half a million, with victims aged 50 to 59 years old typically losing the most, according to SEON, which helps online businesses with fraud management. A case of online fraud in the U.S.

Paysafe soon came calling for its money back, although “it was more than two weeks before they realized that they had paid out $19,000 on a credit card number that never existed,” Randall Flores said. The Floreses allege that Paysafe terminated US Hop Source’s account in December 2020, and tried to withdraw money from the company’s bank account several times.

 

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This is crazy shitty and increasingly common out of Russia in particular. Dire economic sit and a national ethos of cheating, taking give rise to this. Feel terribly for these guys, hope they can find a way through it.

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