payment processors

As a part of his responsible plea within the $250 million Payza cash laundering case, Firoz Patel will personally forfeit over $4 million {dollars}. As per a consented to Last Order of Forfeiture filed on August seventeenth, Patel will forfeit $4 million in Payza funds seized in November 2013; $100,000 in Payza funds seized in […]

Payza co-founders Firoz and Ferhan Patel have pled responsible to cash laundering fraud costs. The pair have been indicted again in March 2018, with the responsible plea bringing prison proceedings towards them to an in depth. Information of the Patel’s responsible pleas broke again in March, we’d been ready for additional information since then. Formally,

A March twelfth standing convention within the Payza case has been rescheduled for April. In our final case replace (November 2019), negotiations between the DOJ and Patel defendants recommended case decision was imminent. These negotiations are ongoing, that means we haven’t had a stable case replace since January 2019. As per a March 4th movement

Our final replace on the Payza indictments was Firoz Patel pleading not responsible again in January. Since then negotiations have been happening behind the scenes, main in the direction of what is going to doubtless be a plea discount. On November ninth the DOJ filed a consent movement requesting a standing convention date extension. The

Fee processor Allied Pockets has been sued by the FTC for violations of the FTC Act. The regulator alleges Allied Pockets assisted “enterprise alternative and training scams, pyramid schemes, and illegal debt assortment operations” with illegally charging over $110 million to client accounts. In keeping with the FTC, since at the least 2012 defendants Allied

Payza co-founder Firoz Patel has pleaded not accountable to prices concerning money laundering. Patel moreover entered a plea of not accountable on behalf of Payza’s dad or mum agency, MH Pillars. Patel appeared at a January fifteenth arraignment upon voluntarily travelling to the US, following months of negotiations with US authorities. Part of these negotiations

After roughly ten months of being a fugitive, Firoz Patel is popping himself in. Closing March Firoz and his brother Ferhan had been indicted on money laundering costs related to Payza. The DOJ alleged that by Payza, the Patel brothers laundered over $250 million {{dollars}} for “teen pornography rings and totally different felony enterprises”. Plenty of

New York isn’t too proud of Feroz Patel’s efforts to maintain Payza afloat. On October twenty fourth the New York State Division of Monetary Companies issued Payza, founders Firoz and Ferhan Patel and related firms MH Pillars, OboPay and MH Pillars with a stop and desist. The DoFS stop and desist discover alleges that by