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Mohammed “Moe” Diab is seeking to capitalize on a court-ordered mistrial.

Suspected money launderer Christopher Scanlon has had his indictment dismissed. Scanlon was arrested back in 2023. Following failed plea negotiations, Scanlon was then indicted back in March. As per an amended order for dismissal filed on April 30th;

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: