Oregon Broker Admits Wire Fraud in Scheme That Triggered $14 Million in Losses

By Lucille McNamara On May 1, 2026

An Oregon processing broker could spend 20 years in prison after pleading guilty to one count of wire fraud involving over $14 million in unauthorized debits and attempted debits.

Jeremy Todd Briley (46) identified payment processors for merchants to use in processing charges. His largest clients were two sham companies that provided false online marketing services to businesses.

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A payment processing broker connects merchants with processors that move bank debits. Prosecutors say Briley kept those channels open for sham companies despite fraud warnings.

According to court documents, the sham companies defrauded victims by fraudulently debiting their bank accounts, resulting in over $14 million in losses.

Briley’s wire fraud was committed between February 2017 and December 2023. Court documents reveal that he employed various tactics to conceal his illicit activities. Briley deceived banks by manipulating return rates on the fraudulent debits.

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Return rates show how often bank debits are rejected or disputed. DOJ says Briley helped manipulate those rates so banks would keep processing fraudulent withdrawals.

Briley faces sentencing on July 20, and his admission of guilt carries a maximum penalty of 20 years in prison.

The case is being prosecuted by trial attorney Daniel Zytnick of the Criminal Division’s Fraud Section, and Assistant U.S. Attorney Nicole Grosnoff is handling forfeiture for the Southern District of Florida.

The Fraud Division was created on April 7 by the Department of Justice and is laser-focused on investigating and prosecuting those who commit fraud against American citizens.

According to a press release by the U.S. Department of Justice’s Office of Public Affairs, the Fraud Division supports President Donald Trump’s Task Force to Eliminate Fraud. The newly-created department is chaired by Vice President J.D. Vance.