payment processors @ BehindMLM

Getting access to a payment processor isn’t much of a big deal for a regular company. When it comes to fraudulent investment schemes however, gaining access to a payment processor can be a marketing point. Such is the case with Bellator but… it’s complicated.

Christopher James Scanlon has been indicted following failure to reach a plea agreement.

Payza’s Firoz Patel has been sentenced to 41 months in prison for obstruction (~3 years and 5 months).

Following the court’s rejection of a time served plea deal, Mohammed “Moe” Diab’s Allied Walled criminal case is headed to trial.

Allied Wallet’s Amy Rountree has been sentenced to time served. Rountree’s sentence was handed down on December 13th. She is additionally subject to one year of supervised release.

After pleading guilty to money laundering charges, Firoz Patel’s plan seems to have been do a bit of jail time and then live off $24 million in stashed bitcoin. Unfortunately for Patel the DOJ caught wind of the stash, prompting additional criminal charges filed in May 2023. Patel pled guilty to obstruction last month and [Continue reading…]

Mohammed “Moe” Diab and Amy Rountree have pled guilty to Allied Wallet fraud charges.

Christopher Scanlon’s Nvayo Limited has been hit with a number of regulatory restrictions by the FCA. On August 8th, the FCA imposed six restrictions on Nvayo Limited’s business operations:

When MLM companies committing fraud tout a debit card, it’s typically obtained through shell companies attached to dodgy merchants. Both GSPartners’ and PLC Ultima offered debit cards through PMA Media Group, Aurae Lifestyle, Nvayo Limited, Club Swan and AU Card LLC – all owned by Christopher James Scanlon. Scanlon was arrested by US authorities at [Continue reading…]

Payment processor CoinPayments is still providing financial services to the $4 billion OneCoin Ponzi scheme. This follows a categorical denial from CoinPayments in June 2022.