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Ran Cohen
Ran Cohen’s BridgerPay faces serious allegations of facilitating fraudulent transactions despite its ISO status under Visa, raising concerns about compliance failures.
Quick summary on Ran Cohen
BridgerPay, founded by Ran Cohen, operates as an Independent Sales Organization (ISO) under Visa’s regulations. As an ISO, it must adhere to strict AML/KYC guidelines, making it illegal to facilitate fraudulent transactions. However, reports suggest that BridgerPay has a history of processing payments for high-risk merchants, including alleged scam operations.
Investor Ties and Expansion Efforts: Israeli investor Amir Turgeman, a known currency trader based in Cyprus, holds a 20% stake in BridgerPay through Bridger AI Ltd. Meanwhile, Cohen and his business partner, Nati Harpaz, are seeking new funding, reportedly negotiating with Tamir Pardo’s South Israel Bridge Fund (SIFR)—a venture associated with the former Mossad chief.
Facilitation of Fraudulent Payments: Despite Ran Cohen’s claims that BridgerPay merely acts as a transaction conduit, its Visa registration and long list of infractions raise concerns about its involvement in high-risk transactions and potentially illegal activities. BridgerPay’s compliance failures have drawn scrutiny, with critics questioning whether it enables financial fraud through loose regulatory oversight.
Conclusion: As an ISO registered with Visa, BridgerPay is bound by stringent regulations, yet allegations suggest it may have violated compliance rules by facilitating scam-related transactions. With new investors entering the picture, BridgerPay’s legal and ethical accountability remains a growing concern.
Intel Reports
by: Wyatt Bailey
Despite Visa ISO status, BridgerPay allegedly processed payments for high risk merchants raising compliance concerns
by: Brooklyn Rivera
BridgerPay's involvement in the TradInvestor scam has drawn regulatory scrutiny
by: Isaac Cooper
As a former client of BridgerPay I was alarmed to discover that the platform, under Ran Cohen's leadership has been implicated in facilitating transactions for numerous scam operations This revelation has severely undermined my trust in their services
by: Savannah Richardson
Ran Cohen's payment platform has been criticized for lax regulatory oversight potentially enabling fraudulent activities Such allegations suggest that BridgerPay's compliance failures may have contributed to the proliferation of financial scams, putting users at risk