> essentially deceiving payment processors to generate a profit.
That's not an illegal act, unless you can cite relevant statutes being broken. It's a contract breach.
Your whole analogy to Backpage breaks down without the initial illegal action that produces the revenue stream and sets in motion the need to launder the money.
You are being silly - breach of contract to deceive payment processors IS wire fraud and bank fraud, which are specific named federal crimes which cover exactly this use case. If you like, here's an excerpt from the Backpage indictment:
"the People now allege that Defendants conspired to orchestrate a bank fraud by misrepresenting to credit payment processors that they were not processing transactions from Backpage, and this misrepresentation would trigger a release of funds from banks. The overt acts alleged clarify that Defendants created multiple classified websites, and when applying for (at least one) merchant account, Defendant Ferrer omitted any reference to Backpage, despite intending to process Backpage transactions through the account. The People allege that credit payment processors, along with American Express, would not have knowingly processed the payments for Backpage and the banks would not have released funds absent Defendants’ trickery."
I think you should carefully read your quote - it includes the word "Backpage" four times, as in the illegal source of funds that created the laundry opportunity. Breach of contract with payment processors is certainly NOT wire fraud by itself, that's an absurd statement.
You're weirdly stuck on this "breach of contract superseding federal crimes" thing but uh, I don't know what to tell you. This scheme is clearly wire fraud. Defrauding a payment processor out of money, over wires, is wire fraud. It's also bank fraud when you lie to your bank about what your merchant account is for, which is another prerequisite for these schemes usually.
I would just be aware that any interaction with the financial system can quickly become criminal. Whether it does depends on a whole range of factors, but the option is always there. (Incidentally, the same goes for insurance companies. Can go criminal at any time.)
That's not an illegal act, unless you can cite relevant statutes being broken. It's a contract breach.
Your whole analogy to Backpage breaks down without the initial illegal action that produces the revenue stream and sets in motion the need to launder the money.