US Homeland Security seizes Payza funds

[littleroundman]

http://imageshack.us/a/img51/7571/jety.jpg

Ultrafs.com (http://ultralightfs.com/)


MH Pillars Ltd, a UK-based advanced payments consultancy, acquired the strategic assets of AlertPay (Alert Services Inc., CANADA) and launched the Payza.com platform in May 2012.

[littleroundman]

Coincidence ???

Or are we seeing the beginnings of another Liberty Reserve like shutdown ??

http://i1301.photobucket.com/albums/ag116/Little_Roundman/scams/coincidence_zpscabf0421.jpg

[NikSam]

LRM, it says only seized account of UltraLight FS in the Payza.

as of MH Pillars, it was a company formed specifically to run payza, the whole switch was staged, Patel brothers are still and always been behind AP/Payza.
(it was after a scandal which hit in Montreal linking AlertPay to child pornography and one of employees blowed the whistle saying Payza knows exactly what their clients are doing because in database they even mark which client does what (childporn,hyip,...),
AlertPay name became dirty and Patels wanted to hide like it is not theirs)

NeverLess UK FCA/FSA lists Payza and MH Pillars as unauthorized to do financial transactions with UK residents.

PS: EgoPay is also Patel's brothers outfit they formed to move their HYIP clients to.

[littleroundman]

LRM, it says only seized account of UltraLight FS in the Payza.

as of MH Pillars, it was a company formed specifically to run payza, the whole switch was staged, Patel brothers are still and always been behind AP/Payza.
(it was after a scandal which hit in Montreal linking AlertPay to child pornography and one of employees blowed the whistle saying Payza knows exactly what their clients are doing because in database they even mark which client does what (childporn,hyip,...))

NeverLess UK FCA/FSA lists Payza and MH Pillars as unauthorized to do financial transactions with UK residents.

Other way round.

It says the SS has seized all Payza money held in Ultralightfs accounts

That would be "SS" as in the United States SECRET SERVICE

Maybe it's just me, but I sure-as-hell wouldn't be happy if the United States Secret Service was involving itself in my business, ESPECIALLY if my business made the bulk of its' money doing a similar thing to the recently closed (by the US Secret Service and others) Liberty Reserve

[NikSam]

well, Payza is registered with canadian FinTRAC (and with US FinCEN)
difference is that canadians do not give a **** if someone launders money if they are "registered"

Even after the AlertPay scandal which hit the press in Montreal, it did not launch an investigation.


DHS is not SS, but close enough, DHS combines 20+ US fed agencies, including SS, FBI, etc..

[littleroundman]

If I was an American citizen, I know I'd rather have my money in a sock under the bed than in Payza when I went to sleep tonight.

[laidback]

If I was an American citizen, I know I'd rather have my money in a sock under the bed than in Payza when I went to sleep tonight.

HEY! As an American citizen I resemble that remark!!!

[littleroundman]

http://imageshack.us/a/img30/1518/ddzp.jpg

Payza Community (http://community.payza.com/discussion/169/us-funds-frozen-ultralight-fs-obopay-inc-issue)

[littleroundman]

http://imageshack.us/a/img812/3466/lp5q.jpg

OboPay USA (http://www.obopayusa.com/)

[Fgold]

If I was an American citizen, I know I'd rather have my money in a sock under the bed than in Payza when I went to sleep tonight.

And what about non US members? Should they try to withdrawal their funds asap or they shouldn't worry because they won't target non US members?? :RpS_confused:

[ribshaw]

And what about non US members? Should they try to withdrawal their funds asap or they shouldn't worry because they won't target non US members?? :RpS_confused:

I really don't know much about the payment processors other than the PayPal account I have to buy crap on Ebay. But from what I have seen in just the past few months you would have to be stark raving mad to keep much money in any of these services. From Bitcoin to Payza, what stops any government anywhere from pulling the plug and sending the party goers home empty handed?

Unless you are in an undeveloped nation, or somewhere where the government is just as corrupt as the criminals where is the compelling reason to do business this way? For instance in the US bank accounts are FDIC protected up to $250,000, and brokerages carry S.I.PC. coverage often of $25,000,000 or more against fraud. You are protected against theft of all sorts, and have a reasonable notion that the institutions are sound. Certainly not perfect, and I am sure there are a few outlier reasons to use a payment processor, but why in today's advanced banking environment would you?

[Fgold]

I really don't know much about the payment processors other than the PayPal account I have to buy crap on Ebay. But from what I have seen in just the past few months you would have to be stark raving mad to keep much money in any of these services. From Bitcoin to Payza, what stops any government anywhere from pulling the plug and sending the party goers home empty handed?

Unless you are in an undeveloped nation, or somewhere where the government is just as corrupt as the criminals where is the compelling reason to do business this way? For instance in the US bank accounts are FDIC protected up to $250,000, and brokerages carry S.I.PC. coverage often of $25,000,000 or more against fraud. You are protected against theft of all sorts, and have a reasonable notion that the institutions are sound. Certainly not perfect, and I am sure there are a few outlier reasons to use a payment processor, but why in today's advanced banking environment would you?

I prefer paypal but some forex brokers like mayzus stopped paying by paypal so I need to choose payza to withdrawal my funds from there. Many online oportunities can't support paypal because some of their activities are against paypal policies so they have to choose other alternatives like payza.

Obviously that none responsible enough will store too much funds in their payza accounts and will surely withdrawal regularly to their bank accounts.

[okosh]

I prefer paypal but some forex brokers like mayzus stopped paying by paypal so I need to choose payza to withdrawal my funds from there. Many online oportunities can't support paypal because some of their activities are against paypal policies so they have to choose other alternatives like payza.

Obviously that none responsible enough will store too much funds in their payza accounts and will surely withdrawal regularly to their bank accounts.

For me this is one of the first signs that something is a scam.....If what they were doing is legal and above board then they would use paypal and have no need for scam friendly or anonymous or non reversible pay processors like Payza, STP LR etc.........

[NikSam]

Sergey Mayzus now has his own share of problems.

Fgold, so why do not you use OkPay then ? ;) - Mayzus owns it :)

I tell you why nobody wants to deal with russian mafia, oh wait, do I even have to?


Sergey Mayzus used to own series of offline casinos in Kaliningrad, Russia, he even admitted in the past that his electronic gambling machines were rigged.
In 2006 gambling in Russia was forbidden, that is what created most of your online forex-brokers :)
.. or more correctly forex-kitchens - but this is another story.

Mayzus fully owns or a major shareholder of the following outfits publicly known so far: LiteForex, UWC, Mayzus, OKpay, InstaForex
He has huge number of offshore companies registered and hides his money in offshore banks.
He also obtained Czech citizenship on top of his Russian.

That is as much information i can disclose you for now.


As another reason, forex-brokers are not authorized to take any money from residents of countries they not licensed in,
and the use of shady or illegal payment processors lets them do that and remain undetected.

[ribshaw]

I prefer paypal but some forex brokers like mayzus stopped paying by paypal so I need to choose payza to withdrawal my funds from there. Many online oportunities can't support paypal because some of their activities are against paypal policies so they have to choose other alternatives like payza.

Obviously that none responsible enough will store too much funds in their payza accounts and will surely withdrawal regularly to their bank accounts.

I checked the Mayzus site and they allow bank wires, why not go that route and leave the payment processors out? My other question as a side note, are you sure these guys are not just bucketing trades and waiting for people to blow out? The 80% account bonus seems awful steep if they are really putting trades in the market.

As for the rest of the activities, seems like a hassle and unnecessary risk on several fronts. If you are making dosh trading FX, why not focus on that and stay away from the BS stuff, or at the very least not run the funds through the same account.

[Fgold]

I checked the Mayzus site and they allow bank wires, why not go that route and leave the payment processors out? My other question as a side note, are you sure these guys are not just bucketing trades and waiting for people to blow out? The 80% account bonus seems awful steep if they are really putting trades in the market.

As for the rest of the activities, seems like a hassle and unnecessary risk on several fronts. If you are making dosh trading FX, why not focus on that and stay away from the BS stuff, or at the very least not run the funds through the same account.


I've already got my seed out from all mayzus brokers and I'm only trading with my profits now. It seems that payza is not available for withdrawal anymore so I need to chose another alternative. Bank wire may have higher fees so Maybe I'll chose MoneyPolo!!! :RpS_smile:

[NikSam]

For those who have doubts that Patel brothers (Firoz and Ferhan)are still behind Payza (and not just sold AlertPay to new MH Pillars UK owners)

It was already mentioned here , a puppet CEO of MH Pillars which was formed specifically for this switchuru, Alastair Graham resigned from MH Pillars.

AND

From the horse own mouth, on Feb 2nd , 2013 from Payza own Blog:

6494
URL:https://blog.payza.com/payza-updates/payza-people/payzas-firoz-patel-in-bangladesh-for-e-commerce-week/


And July 15, 2013:


6495
URL: https://blog.payza.com/in-the-news/media-coverage/payza-highlighted-payments-source/

[NikSam]

Did you know that Firoz Patel already had a scamming past before the AlertPay, he was involved in massive telemarketing scams in US.

as a president of Corporate Wealth Management, Inc. and National Grant Services

Here is excerpt from 2006 lawsuit (case 1:06-cv-00392-WMS-HKS western district court of New York )


64. CWM and its president Firoz PATEL are under review by the
United States government concerning telemarketing fraud and money
laundering. This review lead to the seizure and forfeiture of a
Wachovia Bank account in the amount of $256,407.23 United States
currency in the name of CWM and controlled by Firoz PATEL pursuant
Title 18, United States Code, Sections 981(a)(1)(A), 981(a)(1)(C)
and 984 in the United States District Court for the Western
District of New York under Docket No. 05-CV-543-S. This review
also revealed that the telemarketing companies represented by PATEL
were conducting fraud, by debiting US residents’ bank accounts
without their authorization.



6496

[littleroundman]

http://img837.imageshack.us/img837/4088/yvc7.jpg

Payza updates (https://blog.payza.com/payza-updates/)

[NikSam]

Meanwhile visitors trying to register an account from US IP address will be greeted with this page:

6497

[littleroundman]

and the same goes for ultralightfs:

http://img546.imageshack.us/img546/7563/vs3b.jpg

ultralightfs.com (http://ultralightfs.com/)

[NikSam]

note how Payza on their blog makes an accent on "stored value account services" , hehe , Firoz brothers think it will help them not to be classified as Money Service Business ? :)


early this year Russian WebMoney processor after being raided in Ukraine-regional office and the Ukrainian bank accounts freeze,
tried to use the same type of excuse, like we are not any money service, just a "credit accounting system".

[littleroundman]

Interesting.

In an announcement purportedly from ultralightfs:


UltraLight FS terminated our relationship with MH Pillars dba Payza in early June, 2013. The US Department of Homeland Security subsequently seized all MH Pillars dba Payza money on deposit with UltraLight FS. If we receive additional information from the US Department of Homeland Security we will publish to our website.

and


We will update our website when we get information from DHS. Your agreement is with Payza though. We have not had a commercial agreement with Payza since early June, 2013. I assume Payza processed your payments recently as we had no relationship since June, 2013.

UltralightFS says on its' website (http://ultralightfs.com/state-licenses.html)


State licenses: UltraLight FS maintains state money transmission licenses (http://ultralightfs.com/state-licenses.html) and registration with FINCen and is in compliance with all state and federal money transmission laws.

UltraLight FS has an active anti-money laundering program.

If you are a consumer with a complaint with any of our products, please contact us.

If you would like to offer our products to your customers or use our products with your service, please contact us (http://ultralightfs.com/contact.html).

So, if ultralightFS was the licensed money transmitter and ultralightFS terminated its' agreement with Payza in June 2013, how has Payza managed to continue doing business in the USA with US citizens without a Money Transmitter License ??

[NikSam]

Simple, a lot of processors/exchangers do it without being licensed :)
US requires FinCEN registration + registration in every per state (which requires,most states do ) where residents served.


STP even continued to serve some residents of states after Cease and Desist orders.

Do you also want to ask how Perfect Money does it ? :)

[okosh]

So, if ultralightFS was the licensed money transmitter and ultralightFS terminated its' agreement with Payza in June 2013, how has Payza managed to continue doing business in the USA with US citizens without a Money Transmitter License ??

Same way they always did...Illegally.....

[NikSam]

Do not know how reliable it is, here is one more snippet



ScrollDog got in touch with the State regulator of Utah and this is what he had to say:

“Apparently, Obopay entered into an agent relationship with Payza, wherein the money transmission was processed under the licensee name, Obopay, and all the receipting documents should state Obopay as the money transmitter. The actual facts regarding the full extent of the investigation at this point are unclear, but several states and an agency of the Federal government are investigating and communicating with each other, with the goal of reaching an amicable solution. There are customers who have had their accounts frozen and many have complained to their state regulator. Multiple states are having discussions on how best to ascertain the legitimate complaints and who is owed and how much. This process will take some time, and all regulators would appreciate your patience while this issue is being resolved.”

URL: Payza Under Fire By Homeland Security: US Based Funds Seized | ScrollDog.com – Breaking Scene News (http://scrolldog.com/payza-under-fire-by-homeland-security-us-based-funds-seized/)

[littleroundman]

http://img812.imageshack.us/img812/4765/t1zu.jpg

Justice.gov (http://www.justice.gov/usao/dc/programs/vw/obopay_payza.html)

[littleroundman]

Latest from Payza and Ultralight

http://imageshack.us/a/img18/9403/4dkc.jpg

Payza blog (https://blog.payza.com/payza-updates/announcements/important-update-u-s-members-2/)

http://imageshack.us/a/img12/9296/5cv1.jpg

UltralightFS.com (http://www.ultralightfs.com/)

[Fgold]

I'm still using payza like before and I guess more than 90% of payza users are not from US :RpS_smile:

[NikSam]

I'm still using payza like before and I guess more than 90% of payza users are not from US :RpS_smile:

If Payza got into some serious problem with US, it will not help you to continue using it :)

[littleroundman]

I'm still using payza like before and I guess more than 90% of payza users are not from US :RpS_smile:

If you like living dangerously, why not take up skydiving ??

It's gotta be more fun than sitting around waiting for the inevitable to happen.

Do you REALLY think other countries are going to sit back and let Payza continue to operate ??

They have nearly all signed the same anti money laundering treaties.

[Fgold]

If you like living dangerously, why not take up skydiving ??

It's gotta be more fun than sitting around waiting for the inevitable to happen.

Do you REALLY think other countries are going to sit back and let Payza continue to operate ??

They have nearly all signed the same anti money laundering treaties.

There are many type of businesses(gambling, forex, ...) that are not allowed to operate with US residents but still operating in the rest of the world for years and without any problems. You can see the example of some big and reliable forex brokers and bookies who are leading the markets in europe and asia :RpS_smile:

[Whip]

There are many type of businesses(gambling, forex, ...) that are not allowed to operate with US residents but still operating in the rest of the world for years and without any problems. You can see the example of some big and reliable forex brokers and bookies who are leading the markets in europe and asia :RpS_smile:

There is online gambling allowed in the US. Just none of it goes through a scam money launderer like payza.

[ribshaw]

There are many type of businesses(gambling, forex, ...) that are not allowed to operate with US residents but still operating in the rest of the world for years and without any problems. You can see the example of some big and reliable forex brokers and bookies who are leading the markets in europe and asia :RpS_smile:

With the others I'm afraid, having a hard time seeing your rational for using Payza. I am reminded of a scene from Blow, where Johnny Depp goes down to Columbia to get some money from an account he opened, all gone. Government came and took it and that just seems inevitable here as well. Could you not find a bookie local who will take action, or a local casino where at least you can slurp down free drinks while losing your money?

As for Forex brokers, I could not imagine any legitimate one that would not allow at least some free transfers to a bank. In the states some accounts were limited to 3 per month, but that is doable.

Maybe you just like the action??? And that's OK, but it seems like a few added areas of unnecessary risk.

[Nourjan]

A couple of years back(when I start working online) I received a small payment (one of my very first,actually) through Payza, which turned out to be my only Payza transaction ever....I later found that that none of the place I usually do business with accepts Payza(that's the reason why I only deal with premises that uses paypal or standard/online banking since then).Still , I keep that money in my Payza account for the chance that Payza may actually be becoming more "mainstream".I'm guessing it is safe to say that that ain't going to happen now, I guess.

[Fgold]

As for Forex brokers, I could not imagine any legitimate one that would not allow at least some free transfers to a bank.

The broker I use to cashout by payza charges a $25 fee for bank wires so I prefer to receive funds through payza and then withdrawal payza funds to bank paying only $3 instead of $25. Would you prefer to pay more $22??? :duh:

[Fgold]

A couple of years back(when I start working online) I received a small payment (one of my very first,actually) through Payza, which turned out to be my only Payza transaction ever....I later found that that none of the place I usually do business with accepts Payza(that's the reason why I only deal with premises that uses paypal or standard/online banking since then).Still , I keep that money in my Payza account for the chance that Payza may actually be becoming more "mainstream".I'm guessing it is safe to say that that ain't going to happen now, I guess.

Payza is largely used in PTC, autosurfs, surveys and all other free GPT programs. Some other online businesses rarely accept it. If you don't use payza you can withdraw your funds by bank transfer paying a small fee. That's what makes payza similar to paypal but obviously not widely used...

[ribshaw]

The broker I use to cashout by payza charges a $25 fee for bank wires so I prefer to receive funds through payza and then withdrawal payza funds to bank paying only $3 instead of $25. Would you prefer to pay more $22??? :duh:

Short answer.

NO, I would prefer to pay zero.

Long answer.

From a pure SCAM standpoint I would come at it a little differently. The three merchants you mentioned are forex brokers, casinos, and bookies so we are really not discussing selling hummels to old ladies. Even if the vendor is 100% honest, the statistical expectation is all money will be lost. To overcome all those odds and move money to an account where there is a decent chance that it will be frozen at some point? And with data breeches seemingly everywhere, it seems prudent IMO to stay away from vendors that are known to turn a blind eye to shenanigans.

So if those were my only two options, I would make less frequent withdraws and pay the $25.

In the US, there are plenty of brokers that will do it for free, so I may be talking out of school with what is available where you are. And you know the score on what you are doing, but for others that may happen along, it seems like a lot of unnecessary risk.

[Fgold]

Short answer.

NO, I would prefer to pay zero.

Long answer.

From a pure SCAM standpoint I would come at it a little differently. The three merchants you mentioned are forex brokers, casinos, and bookies so we are really not discussing selling hummels to old ladies. Even if the vendor is 100% honest, the statistical expectation is all money will be lost. To overcome all those odds and move money to an account where there is a decent chance that it will be frozen at some point? And with data breeches seemingly everywhere, it seems prudent IMO to stay away from vendors that are known to turn a blind eye to shenanigans.

So if those were my only two options, I would make less frequent withdraws and pay the $25.

In the US, there are plenty of brokers that will do it for free, so I may be talking out of school with what is available where you are. And you know the score on what you are doing, but for others that may happen along, it seems like a lot of unnecessary risk.

My main broker does not charge any fees for bank wires but I still need to chose payza to withdrawal from mayzus brokers to save money and avoid their high withdrawal fees and also avoid sending your personnal docs to verify your account required for those who want to withdrawal by bank wire... And I will keep using mayzus brokers because I wont miss the oportunity to make money from free no deposit and withdrawable bonus from Fxfred forums :RpS_smile:

[NikSam]

Some visits to the past of AlertPay, to clarify why the name change and pretended ownership switch was needed.

March 2010: AlertPay was enabling payments for sites selling a narcotic drug mephedrone, which was responsible for death of 25 kids.
SRC: Company will not stop handling Meow Meow drug payments - Wales Online (http://www.walesonline.co.uk/news/wales-news/company-not-stop-handling-meow-1931759)

September 2010: State of New Hampshire issued Cease and Desist and administrative fine against AlertPay, CWM, Firoz & Ferham Patels
SRC: http://www.nh.gov/banking/orders/enforcement/documents/order07-303alertpay-otsc-cd.pdf

Novemeber 2010: Messy ownership war over AlertPay
SRC: Shares of AlertPay's CEO may go on block (http://www2.canada.com/montrealgazette/news/business/story.html?id=aa1a7f9f-f2e2-4871-ac25-6004462e40d6)

November 2011: Montreal Gazette article featuring an AlertPay employee blowing a whistle on inside operations of AlertPay,
Alertpay was accused of dealing with online narcotic sales , child pornography and investment scams. A whistleblower also claimed that operators knew
what activity the clients were involved in.
AlertPay fought back, brought a defamation suit against a whistleblower, dig some dirt on him (a guy was not exactly an angel as well), and cleaned up the internets
from the materials.
some piece / remaining SRC: https://web.archive.org/web/20111127201721/http://www.montrealgazette.com/business/AlertPay+Firm+alleged+provide+payments+questionabl e+goods/5763861/story.html

2012: the whistlblower employee (Tero Pollanen) and Payza started messy campaigns online to defaminate each other
firoz-patel-alertpay.blogspot.com (now forced offline)
against Pollanen:
Tero Pollanen | Exposed and Unveiled (http://teropollanen.com/)
Payment Scam Tero Pollanen (http://payment-scam-tero-pollanen.blogspot.com/)



P.S.: LRM, feel free to post some screenshots if you think they needed here.

[littleroundman]

http://imageshack.com/a/img594/9905/vl7m.jpg

Montreal Gazette (http://www2.canada.com/montrealgazette/news/business/story.html?id=aa1a7f9f-f2e2-4871-ac25-6004462e40d6)

http://imageshack.com/a/img30/8030/gd8k.jpg

New Hampshire Banking Dept enforcement order (http://www.nh.gov/banking/orders/enforcement/documents/order07-303alertpay-otsc-cd.pdf)


http://imageshack.com/a/img202/3603/oqpl.jpg

Wales Online (http://www.walesonline.co.uk/news/wales-news/company-not-stop-handling-meow-1931759)

[littleroundman]

http://imageshack.com/a/img43/8934/t9bu.jpg

Montreal Gazette web archive (https://web.archive.org/web/20111127201721/http://www.montrealgazette.com/business/AlertPay+Firm+alleged+provide+payments+questionabl e+goods/5763861/story.html)

[NikSam]

Bye Bye US, Hello UK !!!

For some time I was puzzled what made UK FSA to remove Payza from the list of Unathorized companies, where they placed it in early 2013 and removed in late 2013

6886
Archive: [ARCHIVED CONTENT] Warning: unauthorised firms and individuals (http://webarchive.nationalarchives.gov.uk/20130402220312/http://www.fsa.gov.uk/doing/regulated/law/alerts/unauthorised-firms#14)


Now it is clear what happened. MH Pillars is out of the picture.
On Dec 20 , Payza registered a new company in UK - PAYZA.COM LIMITED (ID: 08822957)

6887


And registered it with UK FCA as "Small Electronic Money Institution"

6888
URL: FCA - E-Money Register (http://www.fsa.gov.uk/register/2EMD/2EMD_MasterRegister.html)


On January 14 2014, Payza announced that they now will serve UK residents
URL: https://blog.payza.com/payza-updates/announcements/payza-services-united-kingdom/


it is time for UK BB victims to demand payments through Payza or demand an excuse why not :)

[Dougg]

So MH Pillars, AlertPay and the shady US business partner are all out of the picture - sounds like Payza is really cleaning up its act!

[NikSam]

AlertPay = Payza, Patels are in charge and always been, i do not know anyone more "shady" than them in this entire picture.

MH Pillars was also them. just a hiding switchuru, Gosh, why people assume MH Pillars is somethin ? it never existed before Payza, was created specifically to pretend transfer from Patels to Graham puppet and change the name to Payza.
After they got cold shoulder in UK being MH Pillars and involved in so many scam transactions, UK ceased their operations over there.
So here you go they formed a new company (Payza.Com Ltd), does it change anything at all with those shifts between companies they formed ? NO, it is still Patels.

I do not even want to go into details how they created egopay.

[Dougg]

None of the sources you've shown are about Payza, they're all about AlertPay which no longer exists. Payza is the only legit alternative to PayPal and if you keep going with the smear campaigns then we won't have ANY alternatives.

PS. You're obviously grasping at straws if you're suggesting that they created their own competitor.

[NikSam]

You gotta be kidding, please re-read entire thread , start with Firoz Patel scam adventures in 2006.
AlertPay is Payza, Payza is AlertPay, even same office in Montreal, QC , just switching signs on the door :)

Did you really thouth for a second they were ever in UK ? :)


You can call it WhatTheHellPayZa if you want, it is still same old Patels outfit.

Educate yourself on a topic first, before confronting someone

6892
URL: Payza is live: MHPillars Ltd acquires award-winning platform (http://www.payza.org/)



Oh you want alternatives, there are plenty, PerefectMoney, SolidTrustPay, okpay, same patel's EgoPay and more, just pick your favorite money launderer :)

If you want something which plays by the rules , legal in US, and follows AML policies to the letter, less likely will have a problems with law, sorry your choices are limited, its is PayPal, Google Wallet, AmazonPayments and maybe Dwolla.

Please explain your need in such a payment processor which normal means of payment or PayPal cannot fulfill ? perhaps you are trying to do something you not suppose to by law.

[path2prosperity]

I have memories of utter shock and horror when I learned that Bob Krimm had bailed out Patel on one occasion. Who knows if Patel was involved in any of the TriStar processor subterfuge?

Does anybody remember his association with Terry The Banker who claimed that he was flying to Mexico to meet his "FRIEND" Firoz Patel? Didn't Terry try to set up some sort of processor?

I can also remember when I had a phone call from Terry Kurtis better know as Terry The Banker claiming that he was an agent from the Canadian Government. He asked me to stop digging up dirt on Mathew Nunn as he claimed that the information which I was uncovering was hindering the official investigation. Next Terry offered me a bribe to gather dirt on Firoz Patel.

I knew nothing about Firoz Patel but I knew enough about Bob Krimm, Mathew Nunn and Terry Kurtis to ignore offers of financial gain from anybody associated with any of them. Terry claimed that the Canadian government were working with an investigative journalist who would pay me very well for stories about Patel. My reply was something to the effect of Bugger Off Terry.

Hopefully US authorities have been investigating for long enough to have have detailed records of Terry Kurtis dealings with Firoz Patel.

[Whip]

None of the sources you've shown are about Payza, they're all about AlertPay which no longer exists. Payza is the only legit alternative to PayPal and if you keep going with the smear campaigns then we won't have ANY alternatives.

PS. You're obviously grasping at straws if you're suggesting that they created their own competitor.

Why do you need any alternative to any of the other already existing legitimate pay sources?

[Not Part of the Payzateam per Payza]

Please explain your need in such a payment processor which normal means of payment or PayPal cannot fulfill ? perhaps you are trying to do something you not suppose to by law.

Its easy to know the reason why thousands of users prefer payza instead of paypal specially in some regions where they cannot use paypal.

People who chose payza don't care about such ridiculous laws and the only laws they care are god laws and NOT laws that serves only to help the enrichment of political rulers...

Admin note: This poster is not authorized to speak on behalf of Payza. This poster is in no way affiliated with Payza.

[NikSam]

Its easy to know the reason why thousands of users prefer payza instead of paypal specially in some regions where they cannot use paypal.

People who chose payza don't care about such ridiculous laws and the only laws they care are god laws and NOT laws that serves only to help the enrichment of political rulers...


Do not know which gods you worship over there at Payza, but i never heard such god's laws as closing eyes on investment fraud,drug trafficking, terrorism financing, credit card fraud, enabling child pornography and letting criminals to get away with their loot.
This kind of clients you want for yourself ?

AML policies and cross border transaction monitoring did not come just because governments wanted a piece.


Also your clients do not prefer Payza over Paypal, they also use Paypal when they do legal transfers, most of your users use Payza because there is a MLM Pyramid or a Ponzi or a Warez site or some other cybercriminals take only it or other shady processors.

[Whip]

Its easy to know the reason why thousands of users prefer payza instead of paypal specially in some regions where they cannot use paypal.

People who chose payza don't care about such ridiculous laws and the only laws they care are god laws and NOT laws that serves only to help the enrichment of political rulers...

http://img.photobucket.com/albums/v649/Whip412/376a.gif (http://smg.photobucket.com/user/Whip412/media/376a.gif.html) Spoken like a true scammer. lmao

[Not Part of the Payzateam per Payza]

Do not know which gods you worship over there at Payza, but i never heard such god's laws as closing eyes on investment fraud,drug trafficking, terrorism financing, credit card fraud, enabling child pornography and letting criminals to get away with their loot.
This kind of clients you want for yourself ?

AML policies and cross border transaction monitoring did not come just because governments wanted a piece.


Also your clients do not prefer Payza over Paypal, they also use Paypal when they do legal transfers, most of your users use Payza because there is a MLM Pyramid or a Ponzi or a Warez site or some other cybercriminals take only it or other shady processors.

Such ridiculous laws that exist in paypal policies and don't exist in payza are totally worthless. As I said above serves only to help the enrichment of such rulers by charging more fees but it has absolutely no efficiency in the prevention of money laundering and all other cibercrimes...

You should take a look at payza T&C where its described our anti money laundering policies. Payza does not close eyes to criminal activities you refer above.

And clients who live in a country where paypal is not supported they can only use payza legally...

Admin note: This poster is not authorized to speak on behalf of Payza. This poster is in no way affiliated with Payza.

[baylee]

People who chose payza don't care about such ridiculous laws and the only laws they care are god laws and NOT laws that serves only to help the enrichment of political rulers...

The hair stands up on the back of my neck when I see asinine statements like this as it is flat out saying accepted law means nothing to your company. People should have serious trust issues with you.

[NikSam]

.... Payza does not close eyes to criminal activities you refer above. ....

Oh please, cut the crap.
Yes you did announce that financial fraud is no longer welcome at Payza on July 20, 2012 (right when you created anarchist's EgoPay just for those criminals)

But if in just 10 mins i could spot ten of investment frauds you currently enable or recently enabled (and let criminals to run with the money), what the hell you paying money for to your "compliance department" ?

Do you need some freaking court decision to tell you who is conducting crime, are you brain dead ? do i need to remind you that any investment activity is regulated in Canada (+Quebec) as well as in UK (or any freaking banana island if you want), did you ever verify if fraudsters who use you posses any authorization to solicit public ?

Here is a small list of your criminal clients, i spent just 10 minutes to spot:

dailyshare.pro
investskril.com
paypinvest.com
egopayhyip.com
solcash.com
adclickxpress.com
uecentre.com
sunbirdforex.com
3pamm.com
BannersBroker.com
adhitprofits.com


As for the rest type of crimes, i will leave it to the appropriate agencies to deal with you.

[Not Part of the Payzateam per Payza]

People should have serious trust issues with you.

"In God we trust" but not in such US bureaucratic laws...

Admin note: This poster is not authorized to speak on behalf of Payza. This poster is in no way affiliated with Payza.

[Not Part of the Payzateam per Payza]

Oh please, cut the crap.
Yes you did announce that financial fraud is no longer welcome at Payza on July 20, 2012 (right when you created anarchist's EgoPay just for those criminals)

But if in just 10 mins i could spot ten of investment frauds you currently enable or recently enabled (and let criminals to run with the money), what the hell you paying money for to your "compliance department" ?

Do you need some freaking court decision to tell you who is conducting crime, are you brain dead ? do i need to remind you that any investment activity is regulated in Canada (+Quebec) as well as in UK (or any freaking banana island if you want), did you ever verify if fraudsters who use you posses any authorization to solicit public ?

Here is a small list of your criminal clients, i spent just 10 minutes to spot:

dailyshare.pro
investskril.com
paypinvest.com
egopayhyip.com
solcash.com
adclickxpress.com
uecentre.com
sunbirdforex.com
3pamm.com
BannersBroker.com
adhitprofits.com


As for the rest type of crimes, i will leave it to the appropriate agencies to deal with you.

Like in any other pay processors there are always violations and obviously its almost impossible to resolve all cases as soon as we wish... Payza already suspended many accounts for violators and will keep doing that on future. But this is not anything that happens only with payza! All other famous pay processors face the same problems. Unfortunately any payment system is a very attractive tool for criminals and that is the world where we live...

Admin note: This poster is not authorized to speak on behalf of Payza. This poster is in no way affiliated with Payza.

[Whip]

"In God we trust" but not in such US bureaucratic laws...

I'm pretty sure every country has laws against theft. lol

[NikSam]

"In God we trust" but not in such US bureaucratic laws...



Sorry, canadians have almost the same laws, the only difference is your canada is bureaucratic and government agencies employees (specifically in Quebec) incompetent to enforce them. QC officials more concerned making sure nobody dares to speak english there instead of doing their damn job and uphold the laws.
Needless to say that is what created a scammers paradise in Canada, but your law enforcement is too dumb to realize it.

I tried to decipher which god you trust in, sorry, have no idea, Maybe Loki or Lucifer. In mainstream religions I cannot figure out which god protects money launderers.




Like in any other pay processors there are always violations and obviously its almost impossible to resolve all cases as soon as we wish... Payza already suspended many accounts for violators and will keep doing that on future. But this is not anything that happens only with payza! All other famous pay processors face the same problems. Unfortunately any payment system is a very attractive tool for criminals and that is the world where we live...


Suspicious activity report, ever heard of it ?
How many obvious criminals did you bring to Justice ? – i see not a single case.
So, somebody opens an account, and you see thousands of other people sending money to it, sometimes even with transaction notes
such as "deposit to ...", account holder does not seem to sell any goods but on their site advertises outrageous HIGH investments, what does Payza do, even after
complaints from victims ? - "all transactions are non refundable" and you let a scammer freely cash out his loot to some offshore bank or unlicensed exchanger.

Why scammers trying to avoid PayPal ? - because they know they will be caught there fast.
Why scammers like Payza ? because they know you will help them to run for a small share of ill-gotten gains in form of fees.

Please stop, pretending like you care, you only care on getting fees, and if you freeze some scammers account is only to keep money yourself.
You are in violation of laws in almost every country in the world. stop the crap that US is your only problem, US is one of not many where laws are enforced and not only exists on paper. You are not just a bank for criminals , you and shady or illegal processors like you are the main enabler of scammers, you create them.


PS: if you trust in God, than accept what is coming for you as his act.

[Whip]

Like in any other pay processors there are always violations and obviously its almost impossible to resolve all cases as soon as we wish... Payza already suspended many accounts for violators and will keep doing that on future. But this is not anything that happens only with payza! All other famous pay processors face the same problems. Unfortunately any payment system is a very attractive tool for criminals and that is the world where we live...

So we can look forward to you suspending this account immediately?:

http://www.realscam.com/f8/banners-broker-hyip-ponzi-scam-897/index572.html#post66000

[NikSam]

An interesting judgement poped up in Montreal court on october 29th , involving Firoz Patel (payza/alertpay/egopay owner).
It is about a dispute with Patrick Masse over a "secret" 60% per year investment in 2006 they fight about but fail to explain to court what is it.
Masse accuses that Patel loaned him money to invest , but Patel claims he did not and invested that money himself in some other opportunity.

A list of companies involved in that secret investment:
FIDES,
Hubble Holdings Ltd
Crowne Gold Inc.

A list of persons involved in that secret investment:
Patrick Masse (Dominican republic)
Fernand Sirois
John Doyle (UK)
Canac-Marquis
Alain Doyon
Maria Spiliopolous
Sylvain Fortier
Claude Lapointe
Dave Tremblay
David Roy Androkovich


Judgement: Décision (http://citoyens.soquij.qc.ca/php/decision.php?ID=2176ADD229417A82A26FA847D9C36F22&page=1)

[path2prosperity]

Let us hope that this is a mammoth sized nail in the coffin of Firoz Patel and his cronies.

Some of you may remember his association with Bob Krimm. My favourite memory was the time when I had a phone call from "Terry The Banker or W---ker" pretending to be a Canadian Government agent who wanted me to stop digging for dirt on Mathew Nunn as he said, it was interfering with an official investigation. The "Canadian Government official" alias Terry The Banker went on to bribe me by saying that a top investigative journalist would pay me handsomely to publish dirt on Firoz Patel. I pretended to have been taken in for a couple of weeks but then I published the fact that Firoz Patel must be fairly low in the ranks of con artists beccause of his association with characters like Bob Krimm, Terry himself and Mathew Nunn. With friends like that who needs enemies!

When Terry's lawyers tried to threaten me wirh libel and or defamation, I told them that their client was nothing but a big girl's blouse and I heard nothing more. However I am curious to know if Terry had fallen out with his erstwhile friend Firoz Patel or whether he was dumb enough to think his bribes cut any ice with me.

Does anybody have any up to date information on the -anker and his association with Patel?

[PPBlog]

Crowne Gold Inc.

Referenced as a conduit in the infamous EMG/Finanzas Forex forfeiture case filed in the Middle District of Florida in 2010. Some of the EMG/Finanzas money was tied to a narcotics investigation in Arizona.

Affidavit – US v Evolution Market Group (http://www.emg-ffxremission.com/hc/en-us/articles/201546804-Affidavit)

The document above might make your head spin. It shows the methodical layering of money-laundering schemes and how almost superhuman patience is required to reverse-engineer a criminal enterprise. At one level, it makes you marvel at the work the Feds can do. At another level, it makes you wonder whether the MLM HYIP trade (be it "product-based" or a straight-line HYIP such as JSSTripler/JustBeenPaid) has become one of the greatest threats to national/international security. Dark forces simply won't be denied. Hell, in Profitable Sunrise, Americans were sending bank wires to a ghost and telling a straight-faced tale that participants would receive an interest rate of 2.7 percent a day -- plus "compounding."

Zeek Rewards sold the compounding angle, too. And TelexFree, like others before it, appears to have created conditions under which participants could set up their own money-laundering networks. ASD and Zeek both created that condition.

The U.S. Feds have described Crowne Gold Inc. as "an unlicensed business that shady characters used to launder money," according to a Jan. 15, 2013, citation in U.S. Tax Court.

Citation (italics added):

____________________________________________

[Sean M.] Trainor was president and a director of Crowne Gold, Inc. According to Trainor, Crowne Gold was a squeaky-clean small business that allowed its clients to buy, sell, and make payments in gold and other precious metals. According to the U.S. Secret Service, the IRS, and Immigrations and Customs Enforcement, Crowne Gold was an unlicensed business that shady characters used to launder money.

Trainor argued that Crowne Gold didn’t transmit money, just gold, and that any money transfers between his customers were merely incidental. The government
said that Crowne Gold keeps the treasure in one big, disorganized heap and allowed its customers to freely and anonymously exchange rights to their pieces of the pile.

By not registering with the state and federal governments as a money-transmitting business, the firm avoided being subject to antimoney-laundering laws designed to alert the authorities to suspicious customer transactions. That’s what let Crowne Gold charge fees so far above the market that--at least according to government
affidavits--only money launderers and Panamanian Ponzi schemers were willing to pay them

Source: http://www.ustaxcourt.gov/InOpHistoric/trainormemo.TCM.WPD.pdf

____________________________________________

A Task Force involved in the AdSurfDaily Ponzi bust (2008) also was involved in the EMG/Finanzas Forex case. Some of the "program" participants allegedly received instructions that, if they wanted out, they had to steal their way out to recover their investments. This allegedly would be accomplished by individual participants gathering money directly from recruits -- and then simply holding on to it. Not sure how much this dynamic was in play, but it set the stage for recruits who recognized they'd been swindled to do the same thing: Recruit a mark. Get his/her money. Call it Even Steven.

Part of the narrative surrounding EMG/Finanzas Forex was that investors were helping kidnapping victims in South America win their freedom.

PPBlog

[NikSam]

An interesting change happened to UK MSB registration of Payza a year ago, and i missed, the change happened almost right after i posted about their registration (#900108) here (http://www.realscam.com/f43/us-secret-services-seizes-payza-funds-2775/index2.html#post65291)

so , the MSB registration now belongs to Damaras Limited (#08029472) (with contact person Nigel Atterbury) and not to Payza.COM LTD (#08822957).
I think it is now safe to say that Payza , yet again , works in UK without a required registration :)


9087

Damaras itself is a naughty boy, is due to be stricken off:

9088



BTW: Firoz, if you reading this, your 2014 taxes are already overdue for UK Payza.Com LTD ;) Or you trying to claim you dont conduct business in UK ?

[NikSam]

Somebody has to wonder.
How many companies you have to register in the same country to run a single site ?
And how many more across the whole world.

9089

[Payza]

I think it is now safe to say that Payza , yet again , works in UK without a required registration :)

I guess you don't read the Payza blog often enough. Payza has been licensed and operating in the UK since January 2014: https://blog.payza.com/payza-updates/announcements/payza-services-united-kingdom/

[NikSam]

... Payza has been licensed and operating in the UK since January 2014:...
Yes it was , till february. Now the license belongs to Damaras Limited (which is about to be dissolved).

Can you please explain the reason why you changed the FCA license holder from Payza.Com LTD to Damaras LTD in february ?

Did you try to hide the name "Payza*" from FCA ?

[Payza]

Yes it was , till february. Now the license belongs to Damaras Limited (which is about to be dissolved).

Can you please explain the reason why you changed the FCA license holder from Payza.Com LTD to Damaras LTD in february ?

Did you try to hide the name "Payza*" from FCA ?

Business law isn't really my strong suit, but from what I understand the move had to do with Payza's pivot to a SaaS model: https://blog.payza.com/payza-updates/announcements/payza-platform-you/

The idea is to create better localized services without affecting the global Payza experience.

[Gaily]

I luv paypal :) I have a sneaking suspicion it is registered in MORE countries then this one above DQM

[Payza]

I luv paypal :) I have a sneaking suspicion it is registered in MORE countries then this one above DQM

Actually, one of the things that sets Payza apart from paypal is that we operate in more countries than they do. We have made a firm commitment to developing online economies in countries such as Bangladesh, Pakistan and India, where some of our competitors either offer limited services or none at all. Our partners in Bangladesh, Casada Technology LTD, will be presenting at the nation's annual technology and e-commerce conference, Digital World, taking place in February. We have more details on our blog: https://blog.payza.com/e-commerce/industry-trends/meet-casada-rahman-digital-world-2015-payza-bangladesh/

[NikSam]

Tsk, Tsk, tsk.

I see Firoz Patel is trying to fill the void of EgoPay (http://www.realscam.com/f43/egopay-egopay-com-money-launderer-2970/) by expanding Payza more and more in HYIP frauds

As HYIP pimp Pavel Abramson posted on his HYIP monitor/blog:


...
PAYZA – KEEPS EXPANDING IN THE HYIP INDUSTRY AND ON LOCAL MARKETS

Recently more and more admins have started to realize the potential working with legal payment processors like Payza that can get them in terms of customer satisfaction and the number of US and European customers where the convenience of using Payza has been brought to a new level by introducing direct bank and card withdrawal options for verified customers. Such programs as Rockfeller (reviewed here) and MajesticSwan (reviewed here) already proved to become the fastest growing programs in the HYIP industry by dropping EgoPay and replacing it with Payza which also showed their admins awareness and adaptability to changes that usually lead to success in the long-term. Hopefully the trend continues. Payza is not limiting itself to the HYIP industry where it came back after a long absence, it also keeps their creating juices follow to make Payza a more convenient option for other countries, like Bangladesh, where a conference will be held in a couple of weeks and where more info is given on in the official blog of Payza
...

URL: 29/01/2015. Daily News from the HYIP Industry - MNO Blog (http://money-news-online.com/blog/2015/01/29/29012015-daily-news-hyip-industry/)


P.S.
rockfeller.biz - Ponzi scheme - takes Payza - offers 3-5% per day

http://i.imgur.com/ewoMSjT.png



majestic-swan.com - Ponzi scheme - takes Payza - offers 1-3% per day

http://i.imgur.com/glRMA6W.png

[Whip]

as well as digadz. and myadvertisingpays if you change your mind and decided to accept that scam.

[NikSam]

Uhhhh, Firoz, aren't you haramzadey (http://www.realscam.com/f43/egopay-egopay-com-money-launderer-2970/#post80991) yourself :)

[Realname]

Actually, one of the things that sets Payza apart from paypal

And the main thing that sets Payza apart from paypal is that they are scam friendly and they accept ponzis and other scams without exceptions! Scammers can't use paypal but can use payza to scam online without having their accounts blocked!!! That's why payza increase popularity in hyip scam industry!!!!

[NikSam]

HYIP pimps on MNO continue to upraise Payza for enabling fraud through their system:

http://i.imgur.com/6zb7TgL.png

[NikSam]

Paul Abramson of MNO continues to appraise the deep cooperation of Payza with criminals



...
PAYZA – INCREASED PRESENCE ON THE HYIP AND LOCAL MARKETS

Meanwhile, Payza is increasing its presence on the HYIP market by gaining the well-deserved attention of potentially big investors that will form the core of the entire industry within the next few months. Named as the favorite payment processor by over a quarter of my readers, Payza is definitely targeting the US market where residents are currently blocked by PerfectMoney and so limited to how they can participate in nearly all the big programs. At the moment, three programs from the MNO Premium List – CryptoStrategy (reviewed here, currently ranked at #1), Rockfeller (reviewed here, currently ranked at #2), and the newly added MooreFund (review coming tomorrow) – do accept Payza and I predict the number of such programs will be greatly increased in the future. That could possibly form the base of the future recovery in the HYIP industry which is now tainted by so many fast scams. Experienced admins will surely recognize the potential of large investors who prefer legal payment processors like Payza which they can easily fund from their bank accounts and credit cards and even exchange funds to and from their BitCoin accounts or use third-party exchangers for that purpose. That’s why, even though Payza‘s fees are quite high compared to PerfectMoney and you do need to verify your account to fully benefit, more and more serious investors join Payza. The demand for the programs accepting Payza will surely grow in the near future, and that is why I strongly advise admins serious about attracting the really big investors from around the world to think carefully about adding them. Of course, the process will take longer than other anonymous payment processors as there is a verification process, but for experienced admins that’s not a difficult task. A lot easier than SolidTrustPay, for instance. Plus, the programs that accept Payza are generally treated more positively by investors. The proof is that the two most popular programs on MNO, CryptoStrategy and Rockfeller, accept Payza with MooreFund also having a good chance to join the top three soon.
...
URL: 17/02/2015. Daily News from the HYIP Industry - MNO Blog (http://money-news-online.com/blog/2015/02/17/17022015-daily-news-hyip-industry/)


The Majestic-Swan ponzi (http://i.imgur.com/glRMA6W.png) disappeared, Payza knowingly laundered their money and helped them move the stolen funds.
http://i.imgur.com/DpLjHDR.png


cryptostrategy.net - Ponzi Scheme - takes Payza - offers 3% per day ROI and UP.



moorefund.com - Ponzi Scheme - Takes Payza - offers 1.5-3% per day ROI

[Whip]

and that rockfeller is the one being pushed by the scammer blackburn from achieve.
clearly 'serious investor' means something entirely different to whoever wrote that article than in the real business world.

[NikSam]

All masks are off ?

On Jun 22 , List of directors was changed to Patel brothers for a UK company "MH Pillars LTD", which they used to cover up their outfit in UK, claiming Payza was bought by it :)
Ah , Firoz, do not tell me you bought it back, you tricky guy :)

11210

PS: How is your puppet ALASTAIR GRAHAM doing these days after runing like hell from MH Pillar directorship, terminating all involvement ?

[littleroundman]

Things are moving in the Payza / Obopay investigation:

http://imageshack.com/a/img908/6528/Hd7OKb.jpg

Department of Justice (http://www.justice.gov/usao-dc/victim-witness-assistance/obopay-payza)

[E2014T]

It's great to see that the Feds have learned to concentrate their limited resources on money launderers. No way to move money = no reason for HYIPs to start in the first place.

[littleroundman]

PHEW !!!

It's good to Payza says everything is OK and the Department of Justice investigation was expected.

http://imageshack.com/a/img903/7388/NbnVEd.jpg

The Payza payzaglobal (https://www.facebook.com/payzaglobal) Facebook page.

(And, if you believe THAT, you'll believe anything)

Ponzi operators, money launderers and shady operators all over the world must be soiling their jeans knowing the DoJ will have access to their dealings

[Whip]

well, since words mean things, he didn't address the Justice Dept. v payza/obopay. He merely said "nothing has changed in the matter Payza's legal dispute with Obopay". I know many are shocked, SHOCKED I SAY! at the word play of a scammer.

[littleroundman]

The plot thickens.

The PatrickPretty.com (http://patrickpretty.com/2015/10/21/update-feds-intervened-after-payza-sued-obopay/) blog is today reporting:

http://imageshack.com/a/img633/2752/XgLVBK.jpg

You can read the entire report here on PatrickPretty.com (http://patrickpretty.com/2015/10/21/update-feds-intervened-after-payza-sued-obopay/)

[E2014T]

Confidential informants? There had to be something more insidious than HYIP money flowing through Payza.

The judge also found that the government had an “interest in the stay because discovery in the civil action could affect its ability to pursue a parallel criminal investigation or could compromise existing confidential informants.”

[okosh]

Confidential informants? There had to be something more insidious than HYIP money flowing through Payza.

HYIP money hasn't been the reason since stormpay....E-gold and Liberty reserve was being used for the trade of kiddy porn and for carders which is the likely reason the feds went after them.......

[NikSam]

...There had to be something more insidious than HYIP money flowing through Payza.

I posted here in the past about those dark things (narcotic payments, child porn, telemarketing credit card scams in which Firoz was involved directly (according to US court records) )
Those things are of interest of dedicated agencies, my interests are mostly in financial fraud (HYIPs, money laundering).

[E2014T]

I posted here in the past about those dark things (narcotic payments, child porn, telemarketing credit card scams in which Firoz was involved directly (according to US court records) )
Those things are of interest of dedicated agencies, my interests are mostly in financial fraud (HYIPs, money laundering).Not to derail the thread, but in your estimate, what percentage of the underworld money is flowing through Perfect Money? It's safe from being shut down by the U.S. agencies since they don't officially accept U.S. clients, but they should be of great interest to the Russian law enforcement agencies.

[NikSam]

Not to derail the thread, but in your estimate, what percentage of the underworld money is flowing through Perfect Money? It's safe from being shut down by the U.S. agencies since they don't officially accept U.S. clients, but they should be of great interest to the Russian law enforcement agencies.

I would say mostly all transactions on PM are questionable, underworld all the way.
Not likely Russians will cooperate with US in this matter, and US is powerless there. Also Russian authorities are unaware of PM being run from Moscow, or prefer to act like it. They do not care, do not see it as their problem, there is no corporation of any kind , nobody complained, everything is anonymous and in offshores.

As PM share in hyip market, pretty big, as you see Okpay, Payeer (also both russian) took some share , but PM is still big.
i would say #2 after Liberty Reserve.

[NikSam]

Few More recent switchurus with UK payza companies:

PAYZA.COM LIMITED (#08822957) - was dissolved on Jul 28, 2015

DAMARAS LIMITED (#08029472) - Oct 12,2015 - Director WILLIAM ASPINALL resigned, new director FIROZ PATEL


Now figure what they tried to accomplish.

[NikSam]

3 days ago, Ferhan Patel resigned from the directorship of an UK company MH Pilars LTD (#06243643)
leaving there his brother Firoz and that Belize offshore crap (http://www.realscam.com/attachments/f43/11210d1435623912-us-homeland-security-seizes-payza-funds-payza_mh_directors.jpg):

12566

[littleroundman]

The Patrick Pretty blog (http://patrickpretty.com/2016/02/17/receiver-payza-payment-world-facilitated-zeek-ponzi-scheme-whereabouts-13-1-million-open-question/) is reporting more trouble on the horizon for Payza

http://i1268.photobucket.com/albums/jj563/Washable_Jones/patrick_zps0qjrl6zc.png

You can read the original article here on Patrick Pretty.com (http://patrickpretty.com/2016/02/17/receiver-payza-payment-world-facilitated-zeek-ponzi-scheme-whereabouts-13-1-million-open-question/)

[laidback]

The more I see of Kenneth Bell's actions, the more I like him! He is an absolute bulldog in going after victim money!

[path2prosperity]

Coincidence ???

Or are we seeing the beginnings of another Liberty Reserve like shutdown ??

http://i1301.photobucket.com/albums/ag116/Little_Roundman/scams/coincidence_zpscabf0421.jpg

I sincerely hope that it is the end for Payza.

[littleroundman]

http://imageshack.com/a/img923/6379/rw1If1.png

Zeek Rewards receivership.com (http://zeekrewardsreceivership.com/)

[NikSam]

As most readers already know, Firoz Patel (the owner of Payza) , did offer his money laundering services to Charles Scoville (operator of TrafficMonsoon ponzi scheme (http://www.realscam.com/f8/traffic-monsoon-better-than-maps-trusted-admin-charles-scoville-4070/index154.html#post101946)) during attending that ponzi scheme recruiting event personally on May 14th in New York:

http://www.realscam.com/attachments/f8/14172d1463865166-traffic-monsoon-better-than-maps-trusted-admin-charles-scoville-tm-77-may-16.jpg


What else is interesting, during Firoz Patel's visit to London in June, he also appeared at 10adsPay (ponzi scheme) recruiting event and offered to launder money through Payza to those criminals too. They even gave him a gift of 10adsPay-branded globe :)

14711


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So what is going on, Firoz ? Payza "business" is not doing that well ? You have to personally run after fraudsters to offer them your services ?


URL: https://www.facebook.com/photo.php?fbid=10153529097256540&set=a.10150267812636540.324087.509646539&type=3&theater
URL: https://www.facebook.com/photo.php?fbid=1020466868060573&set=pcb.1670819209906630&type=3&theater

[NikSam]

And here you can see Firoz again attending a hangout conference of MyAdStory ponzi scheme:



https://www.youtube.com/watch?v=ud2CHVhSo-c

[Whip]

the 'AVG Business Partner' is a nice touch.

[littleroundman]

http://imageshack.com/a/img924/3884/G64n64.png

Octopus ???

They must be anticipating a heap of suckers to be involved

[NikSam]

Firoz Patel continues to affiliate his company Payza with the ponzi schemes,

Now He is laundering money for My24HourIncome.com ponzi.

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Facebook: https://www.facebook.com/groups/My24HourIncome/permalink/677008325795416/