payment processors @ BehindMLM

Ahmad Khawaja’s Allied Wallet fraud indictment

News broke of Allied Wallet executives being indicted on criminal charges last Friday. At the time I was unable to access what I believed was a sealed indictment. Sure enough a sealed indictment was filed on August 25th. Pending the arrest of three of the suspects, all of which were US-based, the DOJ requested the [Continue reading…]

Allied Wallet execs indicted, owner Ahmad Khawaja on the run

Four Allied Wallet executives, including owner and CEO Ahmad “Andy” Khawaja, have been indicted on fraud charges. This latest round of indictments follows charges filed in 2019, as well as an FTC lawsuit detailing theft of $110 million.

Vida Divina sues T1 Payments over disputed termination fee

Vida Divina is suing payment processor T1 Payments over a disputed $233,424 termination fee. Vida Divina is a California based MLM company run by Armand Puyolt. BehindMLM reviewed Vida Divina shortly after launch in 2016. On its website T1 Payments claims it “specializes in payment processing for high-risk industries”.

Payment processors denied slice of MOBE Receivership pie

As per a January 6th order, MOBE’s non-consumer creditors were directed to file claims for payment consideration. As per a report filed by the MOBE Receiver on April 22nd;

Tradera’s payment processor iPayout sued by top earners

Top Tradera earners have filed a lawsuit against the company’s payment processor, iPayout. Tradera was a trading signals MLM company.  Just shy of a fortnight ago Tradera’s owners, Kody Sell and Eastan Harris, pulled the plug and exit-scammed.

Payza co-founders sentenced to 4+ years prison

I held off reporting on the Payza case outcome as I wanted to go off the official case files. Pacer hasn’t updated yet but, courtesy of the Montreal Gazette, we know how the November 10th sentencing hearing went down.

Payza victims urged to file remission petitions

The DOJ is requesting Payza victims to file a petition for remission. It should be noted upfront that there is no guarantee filing a petition will result in partial or full recovery.

Firoz Patel to forfeit over $4 million laundered through Payza

As part of his guilty plea in the $250 million Payza money laundering case, Firoz Patel will personally forfeit over $4 million dollars.

Payza co-founders plead guilty to money laundering

Payza co-founders Firoz and Ferhan Patel have pled guilty to money laundering fraud charges. The pair were indicted back in March 2018, with the guilty plea bringing criminal proceedings against them to a close.

Payza money laundering case heading toward plea deals

A March 12th status conference in the Payza case has been rescheduled for April.