U.S. government accuses Payza Company with money laundering suit

U.S. government accuses Payza Company with money laundering suit

Payza, the digital payment processor, has been charged by the Department of Justice. Ferhan Patel, a founder of the company, has been arrested. The company is accused of pocketing $250 million on behalf of Ponzi schemes and child pornography sites. The firm is also charged for ‘operating unlicensed money transmitting business.’

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