The SEC’s complaint alleges that iPayment’s then-senior vice president of sales and marketing Nasir Shakouri and then-executive vice president and chief operating officer Robert Torino routinely reimbursed themselves for payments that were never actually made to third-party vendors using their personal credit cards.  They also allegedly conspired with vendors to inflate invoices and receive kickbacks from the overpayments, and claimed improper commissions and bonuses related to other corporate funds they improperly diverted in various ways.