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.
The sample petition form provided allows Payza victims to explain to the DOJ the nature and circumstance of their loss.
With respect to Payza, the criminal offense committed by the defunct payment processor was money laundering.
I believe for Payza clients who lost money in an account, they’ll be filing petitions under Section III.
Upon receipt of a petition, the United States Attorney shall direct the seizing agency to investigate the merits of the petition based on the information provided by the petitioner and the totality of the agency’s investigation of the underlying basis for forfeiture.
The agency shall submit to the United States Attorney a report of its investigation and its recommendation on whether the petition should be granted or denied.
Upon receipt of the agency’s report and recommendation, the United States Attorney shall forward to the Chief, Asset Forfeiture and Money Laundering Section.
The Chief shall rule on the petition. No hearing shall be held.
Considering the criminality behind most of the transfers within Payza, I have no idea how this will go with respect to claiming account balances tied to illegal conduct. Or whether that’s even a consideration of the DOJ in investigating petitions.
The Code of Federal Regulations that governs remission or mitigation of criminal forfeitures (at the end of the provided petition document), is quite lengthy.
Anyone looking to claim a substantial amount or who isn’t confident filling in the petition themselves should seek legal advice.