The New York-based financial giant provided inaccurate tax advice to customers and potential customers on wire products primarily marketed at small and mid-size businesses, federal prosecutors

The Wall Street Journal had reported on a series of deceptive and strong-arm tactics the card company used to increase small business sign-ups.

American Express said on Thursday it will pay about $230 million to settle U.S. criminal and civil probes into alleged deceptive practices in selling credit card and wire transfer products to small business customers.

A stampede up the leaderboard, led by J.T. Poston’s 10-under 62 on the Nicklaus Tournament Course at PGA West, signaled business as usual for The American Express.

J.T. Poston shot a 10-under 62 to take a one-stroke lead over Justin Lower in the opening round of The American Express on Thursday. Poston carded nine birdies and an eagle on the Nicklaus Tournament Course at PGA West in the Palm Springs-area desert.

An unusually difficult Stadium Course gave those players on the Nicklaus Tournament Course and La Quinta Country Club a leg up