LOS ANGELES – Several directors of the payment processor iPayment embezzled $11.6 million, the SEC claims in a federal complaint. Named as defendants are Nasir N. Shakouri, Bronson L. Quon, John S. Hong and Jonathan K. Skarie, all of California, and Robert S. Torino, of Massachusetts.
Subscribe to our free newsletters
Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.

