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87%  
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  • Payza and Patel Brothers Plead Guilty to Conspiring to Launder Money and Operating an Unlicensed Money Service Business

    07/23/2020 2:47:47 PM PDT · by ransomnote · 7 replies
    justice.gov ^ | July 22, 2020 | U.S. Attorney’s Office District of Columbia
    Defendants Plead Guilty to Laundering More Than $250 Million of Proceeds From Ponzi Schemes and Other Criminal Enterprises             WASHINGTON – Firoz Patel and his brother, Ferhan Patel, the founders and operators of Payza.com, AlertPay.com and Egopay.com, and the company MH Pillars doing business as Payza pled guilty to conspiring to launder money and operating an Internet-based unlicensed money service business that processed more than $250 million in illicit transactions.  Firoz Patel also pled guilty to one count of conspiring to launder monetary instruments for charges related to a case out of the Middle District of Tennessee.       ...