Quote Originally Posted by Bestbud View Post
Reminds me of Liberty Reserve. Vladamir Kats is serving 10 years in prison and Arthur Budovsky received a 20 year prison term for money laundering and operating an unlicensed money transmitting business...
Or e-gold, emopay, etc. What I don't get is why it took so long to bust AlertPay/Payza. For several years Patel has openly appeared with ponzi scammers, recruiting their business and aiding them on money laundering. Very blatant. Of course, Ragnarok/Budovsky had the same pitch with Liberty Reserve, but he wasn't running around in public or taking photos about it. He just first relied on their old contacts he laundered money for in the past and took it from there. Took the feds around 5 yrs to bust LR which was doing a whole lot more financial maneuvering offshore than Patel attempted, and it took around 10 years to get AP/Payza busted. S-L-O-W.