Payza’s Firoz Patel surfaces in Canada, mocks DOJ

Jun.16, 2018 in payment processors

Following his indictment earlier this year, Payza co-founder Firoz Patel went into hiding.

Now, if a June 12th Facebook status update is to be believed, Patel has resurfaced in Quebec, Canada.

Patel’s June 12th “check in” update is accompanied with a message seemingly aimed at the Department of Justice:

I want to take a moment and loosely quote Mark Twain… “The reports of my demise have been greatly exaggerated.”

The DOJ have filed a $250 million money laundering case against Payza, Firoz Patel and his brother Ferhan.

Ferhan was arrested in March and is currently being held by US authorities. Firoz is a wanted fugitive and, if apprehended, is facing over twenty-five years in prison.

Canadian authorities in Quebec meanwhile are pursuing Patel and his wife for around $10 million dollars in unpaid taxes.

Revenu Quebec won judgment against Patel’s family home in Montreal last Month.

The current status and whereabouts of Firoz Patel and his family are unknown.

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5 Comments on “Payza’s Firoz Patel surfaces in Canada, mocks DOJ”

john

Jun 19th, 2018 at 2:33 am (Q)

Revenu Québec took steps to seize $ 20.1 million in unpaid taxes from Firoz Patel, a Montrealer who operated illegal online payment services accused of money laundering in the United States.

The tax authorities froze the bank accounts and seized the property of Firoz Patel and his company Commerce Mazarine inc. They reportedly hid $ 34.6 million in revenue from the authorities.

Revenu Québec is now claiming not less than $ 18.4 million to Firoz Patel, accused in the United States of having transferred funds from fraud, the distribution of child pornography and prohibited substances.

The tax bill has been climbing since Le Journal began reporting the problems of the Patel brothers in April. It was about “only” $ 10.6 million against Firoz Patel.

Revenu Québec also wants to seize $ 1.7 million in assets from its Commerce Mazarine business.

journaldemontreal.com/2018/06/14/le-fisc-reclame-20-m-a-un-millionnaire-montrealais