Marked as
Last updated - January 27, 2026
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Allied Wallet, a Los Angeles-based payment processing company, has been at the center of multiple federal investigations and legal actions due to its involvement in facilitating transactions for high-risk and prohibited businesses.
CEO and Founder
High Risk
Based on the available data, we advise consumers to avoid this Company altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Based on the available data, we recommend that employees exercise extreme caution or reconsider association with this Company.
This advisory stems from an aggregate risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
You are likely to face significant risks by pursuing or maintaining employment with this entity.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Fraud Indictment
The FTC sued Allied Wallet in 2019 for assisting fraudulent schemes that stole over $110 million from consumers.
Prosecutors alleged more than $150 million was routed through sham merchant accounts and fraudulent processing.
Executives including Ahmad “Andy” Khawaja were indicted in 2021 for a $150 million payment fraud scheme.
Allied Wallet’s founder was indicted for campaign finance violations and obstruction of justice.
Media reports linked Allied Wallet to offshore gambling, pornography, debt collection scams, and fraudulent onboarding practices.
Regulatory and Compliance Screening
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What you see here scratches the surface
We offer reward for actionable intel
FTC found that payment processor Allied Wallet knowingly handled payments for fraudulent operations
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DOJ charged four in a $150M scheme using shell firms and fake merchants to process payments through Allied Wallet.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.3
2.6
2
3.6
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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I would be very careful before letting Allied Wallet handle payments. Regulators found they helped dubious merchants hide fraud from banks and credit networks by using fake shell companies. That’s exactly how fraud spreads.
2/5
1/5
3/5
Totally rethink using Allied Wallet. They settled with the FTC for processing over $110 million in fraud-linked transactions, including pyramid and scam schemes that’s not a small oversight, that’s a major compliance breakdown.
Every part of dealing with Allied Wallet felt like a battle. No real-time updates, no clear policies, and everything is your fault when things go wrong. It's financial gaslighting.
4/5
I’ve never dealt with a more opaque and infuriating company than Allied Wallet. They dodge disputes, stall refunds, and make you feel like a criminal for wanting your money back.
Allied Wallet hides behind tech jargon and fine print. But at the core, it’s all about draining your wallet while giving nothing in return. This isn’t fintech—it’s scamtech. 😡
Using Allied Wallet was a massive mistake. Their “support” is laughable, their interface is a mess, and don’t even try withdrawing your funds—it’s a maze of excuses and ghosting.
Allied Wallet is a breeding ground for shady transactions and customer neglect. You’ll be lucky to get a straight answer, let alone a resolution to any issue. Avoid at all costs. ⚠️
5/5
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