Articles under ‘payment processors’:

How are Payza continuing to provide payment processor services?

Within 24 hours of the Department of Justice and Homeland Security seizing Payza’s .com domain, the payment processor reemerged on a .eu domain. The “” 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 [Continue reading…]

Payza website offline, domain seized by DOJ and HSI

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.

Inside Payza & the Patel brothers’ multi-million dollar criminal enterprise

The specifics of Payza’s business operations have always been murky. We knew the company was co-founded by brothers Firoz and Ferhan Patel, Canadian citizens, who operated Payza via the UK shell company MH Pillars. Beyond that though specifics have been elusive… up until now. Following a federal indictment of the Patel brothers earlier this month, the [Continue reading…]

Payza co-founders indicted, facing $250 million money laundering case

For years Payza has been the defacto payment processor darling of the MLM underbelly. Founded by brothers Firoz and Ferhan Patel, who weren’t above personally promoting their partnership with Ponzi schemes, Payza was operated out of Montreal, Canada. Both Firoz and Ferhan Patel are Canadian citizens. Earlier this month the Patel brothers were indicted by a [Continue reading…]

My Advertising Pays processor lawsuit dismissed

Last December the My Advertising Pays sued payment processor VX Gateway for $59.6 million dollars. The Ponzi scheme alleged VX Gateway was wrongfully withholding investor funds and sought recovery. VX Gateway opposed legal action in Texas and sought to the have the lawsuit dismissed in favor of arbitration in Panama. A decision was made on [Continue reading…]

PayPal sued for facilitating Traffic Monsoon Ponzi fraud

Known throughout the MLM underbelly for it’s prohibition of Ponzi and pyramid schemes, PayPal nonetheless still pops up as a payment processor for various schemes. The problem with PayPal’s current fraud detection mechanisms is that, by the time it’s detected, the damage has already been done or PayPal quietly freeze the account. No information is [Continue reading…]

Celia Dunlop ordered to reveal location (My Advertising Pays)

Last month My Advertising Pays filed a lawsuit against payment processor VX Gateway. According to My Advertising Pays, VX Gateway, Celia Dunlop and Timothy Mackay stole $59.6 million, money that My Advertising Pays in turn stole from affiliates through Ponzi fraud. The case is making its way through the legal system, with both parties currently [Continue reading…]

My Advertising Pays TRO against VX Gateway denied

Following a hearing on December 7th, the Temporary Restraining Order My Advertising Pays had sought against VX Gateway has been denied.

VX Gateway respond to MyAdvertisingPays’ lawsuit

I checked the docket earlier and as of yet there’s no news regarding today’s TRO and preliminary injunction hearing. In the last twenty-four hours however, VX Gateway has filed a response in opposition to My Advertising Pay’s motion.

My Advertising Pays sues VX Gateway for $59.6 million dollars

While scammers are happy to defraud the general public out of millions of dollars each year, turns out they themselves don’t like being scammed. Yeah I know, shocking…