Payza Faces Major Money Laundering Charges in the US

[FLoving]

A few years ago I was using Payza for some of my services but because of their high fees and because of their delay in some withdrawals I was tired with them. It was really a trusted company but they workers were working slow so because of that I went to Okpay and after that I came to bitcoin community and after that time I heard this news of them here and trying to visit the site but it looks like the site is now closed. Every business need to obey the rules strictly so that they can go for longer time.

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[countryfree]

Wow! I had money at my Payza account. A few months ago, I've emptied my account, just like my Skrill account, and I see now that I've been very
lucky. This just shows we need BTC more than ever. The f*cking feds can close a payment processor, but they can't close BTC. It is the future!

[timerland]

Wow! I had money at my Payza account. A few months ago, I've emptied my account, just like my Skrill account, and I see now that I've been very
lucky. This just shows we need BTC more than ever. The f*cking feds can close a payment processor, but they can't close BTC. It is the future!

Precisely. This is an example of why bitcoin is important. Any government can seize operation of a bank, an online payment processor, or any centralized exchanges or wallets. However, they will never be able to close down bitcoin.

You were lucky there. Reading from their recent announcements I don't think that US based customers can even move their funds anywhere:

This means that no transactions are allowed for US members at this time... neither providing US payout services or US based withdrawals.

A few years ago I was using Payza for some of my services but because of their high fees and because of their delay in some withdrawals I was tired with them. It was really a trusted company but they workers were working slow so because of that I went to Okpay and after that I came to bitcoin community and after that time I heard this news of them here and trying to visit the site but it looks like the site is now closed. Every business need to obey the rules strictly so that they can go for longer time.

They were trusted because a lot of PTC sites used them as well as HYIP sites, both industries are extremely shady. But if they were operating in the US without a license then they were just calling for this to happen honestly, especially with their association with PTC and HYIP sites which Paypal refuse to work with.

[LTU_btc]

I'm really shocked to see news that Payza involved in money laundering. I always thought they are serious and trusted company, something like a good alternative to PayPal.
Now I see that they started to use new domain Payza.eu and we can access our accounts. I have only few bucks there, I'm not sure is it worth to withdraw it now.

They were trusted because a lot of PTC sites used them as well as HYIP sites, both industries are extremely shady. But if they were operating in the US without a license then they were just calling for this to happen honestly, especially with their association with PTC and HYIP sites which Paypal refuse to work with.

You're right about PTC websites, many of them used Payza. But I haven't saw many HYIP's which was using Payza. If I remember correctly, Payza allows chargebacks, so it's not good option for HYIP owners. Perfectmoney is prefered payment proccessor among HYIP and PTC websites, Bitcoin are also getting more popular.
P.S. Someone mentioned possible connections between Payza and Egopay scam. Well, I heard similar talks when Egopay was still alive.

[pinkflower]

Okay. Then would you agree that mixing services are also bad because they assist those same bad and disgusting people in hiding their transactions?

it's not the fault of the mixing service, it's the fault of the person who uses the mixing service to do bad things.

Are you willing to give up your signature campaign if a child pornography ring was using Chipmixer?

you should realize that having a mix service does not mean that you are promoting crime, people who use the  mix service for malefic purposes is who are guilty.

In the case of payza, it is the owners who are dishonest

Its not Payza who's exploiting those children either. The service is merely laundering money, the same way Chipmixer knows and is also mixing the child pornographer's BTC transactions. I have nothing against those services, but you do.

Then why dont you stop promoting a service that assists child pornographers?

[Slow death]

Then why dont you stop promoting a service that assists child pornographers?

You can not accuse them without evidence and as I said and I will repeat it again: they are not guilty if someone uses their services to commit some crime.

But the owners of the payza have a bleak past and they are scammers:

Payza terminate US payment processing, status of client funds unknown

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’s abandoning of US clients was announced via email on March 23rd.

Dodging the $250 million money laundering lawsuit and Patel’s indictment and fugitive status, Payza simply states their “previous domain is no longer accessible”.

Payza clients, many of whom US regulators allege are criminals, scammers and child pornography rings, have been instructed to use the company’s new EU domain.

Firoz Patel is believed to have hastily set up Payza’s EU domain after the DOJ and HSI seized the company’s .com domain.

     Our new domain defines Payza as being a European service.     


Payza EU was initially providing processing services to US residents through Synapse Financial, however that agreement is believed to have since been terminated.

Unfortunately for Payza’s US clients, they’ve been excluded from Patel’s plan to relaunch Payza as a “European service”.




Payza is no longer offered as a service to US residents.
This means that no transactions are allowed for US members at this time and Payza will no longer be servicing businesses registered in the US, neither providing US payout services or US based withdrawals.

There is no mention of the status of funds US Payza clients had in their wallets prior to the announcement. Nor is there any indication Payza will return funds to their US clients.

Payza’s social media accounts have been flooded with complaints from US investors wondering where their money is.

Clients outside of the US meanwhile are complaining of withdrawal delays lasting more than a week.

And that’s just what we’ve been able to ascertain from the comments Payza haven’t deleted.

Stay tuned…

Why do they want to run away with other people's money? Why does not he prove he's innocent?

Its not Payza who's exploiting those children either. The service is merely laundering money

They are shady and they may be involved in this.

How are Payza continuing to provide payment processor services?

The “payza.eu” domain was registered back in 2012. Payza only activated in response to the domain seizure however on March 21st.

Payza’s parent shell company PH Millars is listed as the owner of the domain.

Big scammers always have a plan B

 the same way Chipmixer knows and is also mixing the child pornographer's BTC transactions.

 you do not have proof, you're just making a assumptions.

[buwaytress]

Okay. Then would you agree that mixing services are also bad because they assist those same bad and disgusting people in hiding their transactions?

it's not the fault of the mixing service, it's the fault of the person who uses the mixing service to do bad things.

Are you willing to give up your signature campaign if a child pornography ring was using Chipmixer?

you should realize that having a mix service does not mean that you are promoting crime, people who use the  mix service for malefic purposes is who are guilty.

In the case of payza, it is the owners who are dishonest

Its not Payza who's exploiting those children either. The service is merely laundering money, the same way Chipmixer knows and is also mixing the child pornographer's BTC transactions. I have nothing against those services, but you do.

Then why dont you stop promoting a service that assists child pornographers?

There's a difference in a service actively facilitating, aiding and abetting. I wouldn't abandon this forum, even if it arguably helps scammers get word out on their scams by being allowed to post in the Gambling>investor based games. I wouldn't abandon Bitcoin even if it used to be the currency of choice by dark markets. Or Monero, for that matter.

There is a difference. And contrary to what you might think, the ideology behind privacy isn't criminal.

[figmentofmyass]

Why do they want to run away with other people's money? Why does not he prove he's innocent?

you are twisting everything out of context. it is the US government that ran off with payza customers' money:

The indictment also seeks forfeiture of any property involved in these offenses or traceable to these offenses.  In addition, the indictment seeks the specific forfeiture of approximately $10 million that has already been seized and frozen.

even if they are solvent after the seizures, their relationship with synapse financial is obviously terminated. the US government will continue to seize bank accounts associated with them. how do you expect them to repay US customers?

this is exactly what happened to btc-e. why do you believe everything the DOJ says is true? why do you assume guilt before anything is proven? and why would you think the charges are worth facing in court? you cannot beat an adversary like the DOJ in court; it just means willingly walking into federal prison, no matter the truth.

The “payza.eu” domain was registered back in 2012. Payza only activated in response to the domain seizure however on March 21st.

Payza’s parent shell company PH Millars is listed as the owner of the domain.

Big scammers always have a plan B

how does that make them scammers? it just means they knew they were in regulatory crosshairs and were at risk of frozen funds or domain.

the same way Chipmixer knows and is also mixing the child pornographer's BTC transactions.

you do not have proof, you're just making a assumptions.

i think he's just making a point. because you're the one making assumptions about payza...

[leopard2]

Liberty reserve, Liberty dollar, btce, many Swiss banks, an endless list of honest businesses that were railroaded by US government

Let's see how this one works out but in the case of LR or BTCE it was the USG intervention that caused losses to customers, so who's the bad guys?  

Looks like these days Uncle Sam's favorite weaponry is charges of copyright violations, money laundering, child porn, and if that does not help, blame Putin.  

Until we learn more this should be considered economic warfare against a company that has facilitated money movements outside USG controlled channels, nothing more  

I don't know Payza, maybe they ARE bad guys, but what I want to say is: these are allegations from US justice system, and they have a terrible record....

[pinkflower]

Then why dont you stop promoting a service that assists child pornographers?

You can not accuse them without evidence and as I said and I will repeat it again: they are not guilty if someone uses their services to commit some crime.

But the owners of the payza have a bleak past and they are scammers:

Payza terminate US payment processing, status of client funds unknown

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’s abandoning of US clients was announced via email on March 23rd.

Dodging the $250 million money laundering lawsuit and Patel’s indictment and fugitive status, Payza simply states their “previous domain is no longer accessible”.

Payza clients, many of whom US regulators allege are criminals, scammers and child pornography rings, have been instructed to use the company’s new EU domain.

Firoz Patel is believed to have hastily set up Payza’s EU domain after the DOJ and HSI seized the company’s .com domain.

     Our new domain defines Payza as being a European service.     


Payza EU was initially providing processing services to US residents through Synapse Financial, however that agreement is believed to have since been terminated.

Unfortunately for Payza’s US clients, they’ve been excluded from Patel’s plan to relaunch Payza as a “European service”.




Payza is no longer offered as a service to US residents.
This means that no transactions are allowed for US members at this time and Payza will no longer be servicing businesses registered in the US, neither providing US payout services or US based withdrawals.

There is no mention of the status of funds US Payza clients had in their wallets prior to the announcement. Nor is there any indication Payza will return funds to their US clients.

Payza’s social media accounts have been flooded with complaints from US investors wondering where their money is.

Clients outside of the US meanwhile are complaining of withdrawal delays lasting more than a week.

And that’s just what we’ve been able to ascertain from the comments Payza haven’t deleted.

Stay tuned…

Why do they want to run away with other people's money? Why does not he prove he's innocent?

Its not Payza who's exploiting those children either. The service is merely laundering money

They are shady and they may be involved in this.

How are Payza continuing to provide payment processor services?

The “payza.eu” domain was registered back in 2012. Payza only activated in response to the domain seizure however on March 21st.

Payza’s parent shell company PH Millars is listed as the owner of the domain.

Big scammers always have a plan B

 the same way Chipmixer knows and is also mixing the child pornographer's BTC transactions.

 you do not have proof, you're just making a assumptions.

Proof? I am not saying they are, but wheres your proof that the owners of Chipmixer DO NOT know that their service is being used by child pornographers? Thats because its easy to assume that they do, because THEY ARE. You cannot assume that every Chipmixer tumble is illegal, but you cannot assume that they also are all legal.

Heres a thought experiment. Should Satoshi go to prison if he knew by creating BTC, he would be partly responsible for transactions for buying and selling of child pornography?

[timerland]

I'm really shocked to see news that Payza involved in money laundering. I always thought they are serious and trusted company, something like a good alternative to PayPal.
Now I see that they started to use new domain Payza.eu and we can access our accounts. I have only few bucks there, I'm not sure is it worth to withdraw it now.

They were trusted because a lot of PTC sites used them as well as HYIP sites, both industries are extremely shady. But if they were operating in the US without a license then they were just calling for this to happen honestly, especially with their association with PTC and HYIP sites which Paypal refuse to work with.

You're right about PTC websites, many of them used Payza. But I haven't saw many HYIP's which was using Payza. If I remember correctly, Payza allows chargebacks, so it's not good option for HYIP owners. Perfectmoney is prefered payment proccessor among HYIP and PTC websites, Bitcoin are also getting more popular.
P.S. Someone mentioned possible connections between Payza and Egopay scam. Well, I heard similar talks when Egopay was still alive.

From what I've heard and what I've read about the HYIP industry, since Payza is indeed somewhat reversible, the admins of HYIP sites will often continue to pay out for payza even after the money flow dries out(and when other payment processor deposits aren't getting paid out anymore) due to the fear of charge backs.

Anyways, regardless of whether it's a favorite of the HYIP industry or not, there is no denying that it is definitely involved in these illegal ponzi investment schemes.

I don't think that the Egopay scam connection is yet confirmed, but it is probably highly likely. BTW have US users gotten a way to get their money back yet?

Liberty reserve, Liberty dollar, btce, many Swiss banks, an endless list of honest businesses that were railroaded by US government

Let's see how this one works out but in the case of LR or BTCE it was the USG intervention that caused losses to customers, so who's the bad guys? 

Looks like these days Uncle Sam's favorite weaponry is charges of copyright violations, money laundering, child porn, and if that does not help, blame Putin. 

Until we learn more this should be considered economic warfare against a company that has facilitated money movements outside USG controlled channels, nothing more 

I don't know Payza, maybe they ARE bad guys, but what I want to say is: these are allegations from US justice system, and they have a terrible record....

Yeah. You missed out on e-gold as well.

[BingoDog]

Payza is not the first, nor the last.
I think many of them carry out some suspicious activities, not to say illegal, some permament some occasional until they got caught. Of course everything should yet to be proved and evidence processed but still it's the red alert for dishonest business.