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The case comes at a time when Payza had just announced a partnership with Dash to incorporate the cryptocurrency into its stream of payment options.

As per the indictment order, Payza is being charged with running an unlicensed money processing business which allowed users to participate in illegal activities such as Ponzi schemes and child pornography.

The firm has been in operation since early 2014 and has dealt in crypto trading since its inception. Over the years, Payza has incorporated many alt-currencies into its portfolio and at the time of writing this article, the company supports transactions with Bitcoin, Ethereum, Ripple, and Dash. The company has its base in the UK but gets most of its traffic from Asia, South America, and the Middle East.

According to the DOJ, Payza and its Founders, Ferhan Patel and Firoz Patel, have been accused of running a large scale business operation without possessing the required state licenses. In addition to this, the brothers are also being booked on grounds of laundering illegally sourced money.

If convicted, the Patel brothers are looking at a minimum jail sentence of 25 years

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