-- PacNet is aware of the indictment issued in the United States District of Nevada against its employees Rosanne Day, Paul Davis, Renee Frappier and Miles Kelly. The indictment is factually flawed and PacNet and its employees intend to fight the charges and prove their innocence. As the indictment notes, the allegations are focused on a small portion of PacNet’s business that PacNet voluntarily exited prior to any action by the United States.
The indictment ignores the fact that the U.S. Justice Department has submitted evidence and has relied upon the effectiveness of PacNet’s compliance program in other cases to prove that certain PacNet clients actively deceived PacNet to evade its compliance program. The indictment also ignores the fact that the Canadian government, major financial institutions, and auditing firms were provided full access to PacNet’s business records and client roster as part of regular reviews and audits of PacNet’s operations and compliance program. The indictment likewise ignores the fact that PacNet provided confidential reports to a law enforcement agency of the Canadian government about certain of its clients at the same time that the U.S. Justice Department now alleges PacNet conspired with such clients.
PacNet never knowingly processed payments for a fraudulent mailing. If a customer complained, PacNet refunded its money and charged the mailer. PacNet stands by its compliance program.Moreover, PacNet previously cooperated with the U.S. Government and was licensed by the U.S. Government to place certain client funds into the court registry after the U.S. Government identified those clients which may have engaged in inappropriate conduct according to the U.S. Government.
Contact Info:
Name: Jeff Ifrah
Email: Send Email
Organization: Ifrah Law
Address: 1717 Pennsylvania Ave, NW, Suite 650, Washington, DC 20006
Phone: 202-524-4140
Website: https://www.ifrahlaw.com/
Release ID: 527492
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