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Thread: Payza and Patel bros indicted on $250 million money laundering charges

  1. #1
    littleroundman is offline Administrator
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    Payza and Patel bros indicted on $250 million money laundering charges

    The United States Attorney Office for District of Columbia office today announced the unsealing of an INDICTMENT alleging:



    You can read the USAO DoC press release HERE

    You can download the indictment in .PDF format HERE
    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #2
    littleroundman is offline Administrator
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    Props to PATRICK PRETTY.com for breaking the story:

    The only thing necessary for the triumph of evil is for good men to do nothing

  3. #3
    Fat City, LA's Avatar
    Fat City, LA is offline Senior Scambuster
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    "the owner seems really confident and even promises this one won't be going anywhere"

  4. #4
    littleroundman is offline Administrator
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    Anyone who thinks the US isn't serious about internet fraud and fraudsters is in for a rude shock

    Check out which agencies were involved in the Payza / Patel investigation:




    US Immigration and Customs Enforcement

    "This case is being investigated by Department of Homeland Security, Immigration and Customs Enforcement, Homeland Security Investigations, Washington Field office. It is being prosecuted and investigated by Assistant U.S. Attorney Zia Faruqui and Arvind K. Lal, Chief of the Asset Forfeiture and Money Laundering Section. Assistance has been provided by Assistant U.S. Attorneys John P. Marston and Diane Lucas; former Assistant U.S. Attorney Catherine K. Connelly; Paralegal Specialists C. Rosalind Pressley and Toni Donato; Victim/Witness Advocate Yvonne Bryant; Document Management Analyst Basizette Stribling; Legal Assistant Jessica McCormick; and Litigation Technology Specialists Ron Royal and Joshua Ellen"
    The only thing necessary for the triumph of evil is for good men to do nothing

  5. #5
    Bestbud is online now Elite Scambuster
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    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...

  6. #6
    littleroundman is offline Administrator
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    Given the current toughening attitude of US law enforcement, you'd have to expect even tougher sentences for the Patel brothers
    The only thing necessary for the triumph of evil is for good men to do nothing

  7. #7
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    Quote Originally Posted by littleroundman View Post
    Anyone who thinks the US isn't serious about internet fraud and fraudsters is in for a rude shock
    well, sharley. just sayin'
    Haven't lost any money to online scams.......results are typical.

  8. #8
    littleroundman is offline Administrator
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    You'd think Charlie and Chirley would want to get it over and done with before the US clamps down even harder
    The only thing necessary for the triumph of evil is for good men to do nothing

  9. #9
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    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.

  10. #10
    Bestbud is online now Elite Scambuster
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    The e-gold website was officially closed in January of 2015. It took 8 years for all of the claims against e-gold to be processed...

  11. #11
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    I remember when Charles Scoville was telling how he only moved TM's PayPal money to his personal bank account so he could then move it to TM's Payza account to surprise TM members with early payment. He had lied telling them the PayPal funds wouldn't be released until August 11, when he knew all along it was going to be July 11.

    He bragged how he had met with Firoz Patel and Firoz said he would help him and bent over backwards to get things done much quicker than it would normally take to set up TM's account. Bet Charles won't be telling about this in his oral argument today in the Appeals Court hearing.
    EagleOne
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    Lifetime Member of the National Association of Distinguished Professionals

  12. #12
    Bestbud is online now Elite Scambuster
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    "US authorities have seized the Payza and AlertPay websites, as part of forfeiture in a $250 million money laundering case filed against co-founders Firoz and Ferhan Patel."

    Payza website offline, domain seized by DOJ and HSI

  13. #13
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    Thumbs up Re: Payza and Patel bros indicted on $250 million money laundering charges

    If only this image appeared on many more sites far more rapidly:

    Screenshot 2018-03-21 at 8.58.32 PM.jpg

  14. #14
    littleroundman is offline Administrator
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    Clicking on the link given takes you to this:

    The only thing necessary for the triumph of evil is for good men to do nothing

  15. #15
    Bestbud is online now Elite Scambuster
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    "Within 24 hours of the Department of Justice and Homeland Security seizing Payza’s .com domain, the payment processor reemerged on a .eu domain."

    How are Payza continuing to provide payment processor services?

  16. #16
    Daveyw is offline Senior Member
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    Why would they write to a little customer like Chirley Scoville?


    [ATTACH=CONFIG]22036
    Attached Images Attached Images

  17. #17
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    you act like thieves shouldn't know each other. lol
    Haven't lost any money to online scams.......results are typical.

  18. #18
    Bestbud is online now Elite Scambuster
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    "As one of its operators sits in a Michigan federal prison and the other is listed “at large” by U.S. authorities, Payza today announced a purported “restructuring” as a “European service” that has ceased serving U.S. customers."

    Indicted Payza Announces ‘Restructuring’

  19. #19
    littleroundman is offline Administrator
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    The only thing necessary for the triumph of evil is for good men to do nothing

  20. #20
    Bestbud is online now Elite Scambuster
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    "The latest move by Payza co-founder and fugitive Firoz Patel, has been to terminate payment processor services to US residents.

    It appears now, like Patel, Payza itself is on the run from US authorities."


    Payza terminate US payment processing, status of client funds unknown

  21. #21
    littleroundman is offline Administrator
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    journaldemontreal is reporting (Google translated)



    You can read the original (untranslated) article here journaldemontreal
    The only thing necessary for the triumph of evil is for good men to do nothing

  22. #22
    Bestbud is online now Elite Scambuster
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    Re: Payza and Patel bros indicted on $250 million money laundering charges

    "Following his indictment earlier this year, Payza co-founder Firoz Patel went into hiding.

    Now, if a June 12th Facebook status update is to be believed, Patel has resurfaced in Quebec, Canada.

    Patel’s June 12th “check in” update is accompanied with a message seemingly aimed at the Department of Justice:

    I want to take a moment and loosely quote Mark Twain… “The reports of my demise have been greatly exaggerated.”


    Payza's Firoz Patel surfaces in Canada, mocks DOJ

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