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Watts Miners uses Credit Card Fraud as their Payment Vehicle with Unauthorized Credit Card Processing Attempts

NetworkNewsWire announces a warning to fellow newswire services, advertising and marketing firms, public relations companies, and the general public in connection with the releases recently disseminated on behalf of Watts Miners.

In less than seven days, more than $24,185 were charged to various credit card account holders without their permission. The invoiced amounts were primarily for the distribution of international news releases touting the cryptocurrency mining rigs being offered on the Watts Miners website.

“After logging into the backend of our online payment system to address the situation, we saw more than 100 different cards with various names were submitted for processing until viable victims were found,” said NetworkNewsWire. “We had no idea Watts Miners was using unauthorized credit cards to pay for service until the first chargeback came through. Of course, upon this discovery, we immediately stopped distribution of the third global release that was in progress.”

All of the unsuspecting victims have had their funds returned, and appropriate parties have been notified. It’s also worth noting that further investigation uncovered that the New York City address listed on the Watts Miners website wasn’t occupied by the company at all. This was verified after a direct phone conversation with the firm responsible for leasing the office space.

When approached about the questionable credit card processing activity, Nancy Lopez of Watts Miners responded, “Yes, you are right, we encountered problems due to the massive transactions we have done lately with multiple companies. Please provide us a new invoice with the total amount which it was denied and we proceed the payment and also we will keep in touch with the bank to make sure we won’t encounter this issue again (credit card blocking).”

Unfortunately, the amounts due were never paid and a credible explanation hasn’t been provided. As a result, we recommend against doing any kind of business with Watts Miners and are issuing this press release to warn others in an effort to limit further fraud.

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NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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