Payza Faces Major Money Laundering Charges in the US

in #payza • 7 years ago

Most people are familiar with the company Payza. This particular service provider integrated cryptocurrency payments quite some time ago. It now seems the US government has taken a rather harsh course of action against Payza. The company faces charges of running an unlicensed money services business.


Payza website offline, domain seized by DOJ and HSI
Source: http://behindmlm.com/payment-processors/payza-website-offline-domain-seized-by-doj-and-hsi/


So far, one of the company’s co-founders has been arrested, whereas his brother is still at large. Both Ferhan and Firoz Patel are charged with facilitating up to $250 million in money laundering. This money belongs to child pornography sites, darknet users, Ponzi schemes, and so forth. It is a long laundry list of charges which should not be taken lightly by any means.

Read Full Story Here:
https://themerkle.com/payza-faces-major-money-laundering-charges-in-the-us

#paymentprocessor #moneylaunder #closed #seized
7 years ago in #payza by
$0.00
    4 votes
    Reply 1

    Coin Marketplace

    STEEM 0.15
    TRX 0.17
    JST 0.028
    BTC 68746.72
    ETH 2456.17
    USDT 1.00
    SBD 2.43