Oregon — A Happy Valley payment-processing broker has been sentenced to three years in federal prison for helping fraudulent companies obtain access to businesses’ bank accounts, according to the U.S. Department of Justice.
Jeremy Todd Briley, 47, was also sentenced to three years of supervised release and ordered to forfeit $460,000 in proceeds from the scheme. He pleaded guilty to one count of wire fraud in April 2026.
According to court documents, Briley worked as a broker who connected merchants with payment processors capable of processing charges and bank-account debits.
Two of Briley’s largest clients were sham companies that claimed to provide online marketing services to businesses. Instead, prosecutors said, the companies fraudulently debited victims’ bank accounts, producing more than $14 million in unauthorized and attempted debits.
From February 2017 through December 2023, Briley obtained and maintained payment-processing relationships that allowed the companies to continue processing the fraudulent transactions, court documents state.
Prosecutors said Briley knew the companies were improperly withdrawing money from victims’ accounts. He allegedly continued assisting them after repeatedly receiving information that the transactions were unauthorized.
Briley also concealed the companies’ activities and arranged for a payment processor to deceive banks by manipulating the rate at which transactions were reported as returned, according to the Justice Department.
The U.S. Postal Inspection Service and the Federal Deposit Insurance Corporation’s Office of Inspector General investigated the case.
Trial Attorney Daniel Zytnick of the Justice Department’s Fraud Section prosecuted the criminal case. Assistant U.S. Attorney Nicole Grosnoff for the Southern District of Florida handled the forfeiture proceedings.
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