Originally Posted by Konda

Some of them go for the quick buck and take too much risk and end up losing their merchant account. They then get another merchant account, take even more risk (to make the lost money back), and lose their merchant account again. This happens a couple of times, they have to setup new corporations to setup more merchant accounts, but eventually they run out of options and they just take whatever money is left and quit.
And in a lot of cases these companies are run by business partners that somewhere along the lines split up or get in a fight and one taking all the money that is left.

Most of these guys keep coming back with new programs under new names.