American Express agrees to pay more than $138 million to resolve wire fraud investigation in connection with the sales and marketing of wire products

Jan. 16, 2025 — Judy Philips, Acting Attorney for the United States for the Eastern District of New York and Harry T. Chavis, Jr., Special Agent in Charge, Internal Revenue Service Criminal Investigation, New York (IRS-CI), announced today that American Express Company (AMEX) has entered into a non-prosecution agreement (NPA) with the U.S. Attorney’s Office for the Eastern District of New York (the Office) and has agreed to pay more than $138 million for engaging in sales practices that provided inaccurate tax advice to customers and potential customers of AMEX for two wire products, Payroll Rewards and Premium Wire (PR/PW).  Read More