Conflicting Reports Over Status Of U.S. Payza Funds: Frozen? Withheld By Vendor? Seized By Department Of Homeland Security?

This claim appears today on a website styled obopayusa.com. Precisely when it began to appear is unclear.

This claim appears today on a website styled obopayusa.com. Precisely when it began to appear is unclear.

With Cyber Monday and the traditional online sales coming up a few days from now on Dec. 2, this is what we know: Payza, the successor brand to Montreal-based AlertPay, a Ponzi-forum darling and chronic HYIP- and fraud-enabler, suddenly says this in a headline on its Community forum: “US Funds Frozen | Obopay/Ultralight FS. issue.”

The announcement is dated yesterday, Thanksgiving Eve in the United States.

Today is Thanksgiving Day. U.S. government offices are closed. Black Friday, another day of brisk U.S. sales activity in which retailers cater to door-busting holiday shoppers, is tomorrow.

We also know that the U.S. government has established a tradition of taking down counterfeiting and piracy scams and their enabling websites on Cyber Monday. Moreover, we know that U.S. Immigration and Customs Enforcement (ICE), a division of the U.S. Department of Homeland Security, issued an alert two days ago that it is working with partners and “will be conducting increased operations during the holiday season targeting the importation and distribution of counterfeit and pirated products.”

Beyond that, we know that the United States — the U.S. Secret Service, ICE and other agencies — took down the Liberty Reserve payment processor over the 2013 Memorial Day holiday period and the U.S. Department of the Treasury identified Liberty Reserve as a “Financial Institution of Primary Money Laundering Concern.” The bust was announced on May 28, the day after Memorial Day.

Backing up a year, we also know that the AlertPay-enabled Zeek Rewards venture that allegedly conducted a $600 million Ponzi- and pyramid fraud while auctioning sums of U.S. cash and telling successful bidders they could use AlertPay and another offshore processor (SolidTrustPay) to collect it, curiously announced on Memorial Day 2012 (May 28) that checks it issued from two U.S. banks had to be cashed by June 1 or they would bounce.

Backing up a few years, we also know that AlertPay and SolidTrustPay enabled the $119 million AdSurfDaily Ponzi scheme and the $70 million Pathway To Prosperity fraud scheme — to name just two of many.

Meanwhile, we know that the court-appointed receiver in the Zeek case is going after money allegedly tied to Payza and SolidTrustPay. The most recent affirmation of this occurred on Nov. 14, when the receiver advised a federal judge that his efforts to gather $10 million from Payza “persisted” and that “new information has come in” that affects his analysis of Zeek-related Payza funds. Whether the $10 million sum would go up or down based on the new information was not revealed in the filing.

Analysis of “transactional data from Payza is not yet complete,” the receiver advised the judge. He also noted that the Payza funds were held in a “foreign bank account” in an undisclosed country.  Based on its research, the PP Blog believes the country is in Eastern Europe.

We also know that AlertPay effectively became Payza in May 2012, even as Zeek was conducting auctions for U.S. currency and experiencing trouble with U.S. banks. Payza operates through a New York entity known as MH Pillars Inc., which in May 2012 announced the “recent acquisition of AlertPay’s existing online payment platform.” Payza also is associated with a U.K. entity known as MH Pillars Ltd. of London.

Thanksgiving Confusion

Although Payza’s headline uses the word “Frozen,” the text below it does not identify the party that purportedly froze the funds. At the same time, the text appears to be at least slightly at odds with the headline claim that the money was “Frozen.” Indeed, the text describes the funds as “withheld.”

Although the word choices may or may not be important, one thing seems obvious: Either word is apt to be unsettling to Payza’s U.S. customers who want their money.

“As you may or may not already know, we are unable to complete any requests to withdraw or transfer funds for a part of our U.S. members at this time, since they are being withheld [emphasis added by PP Blog] by Ultralight Financial Services (formerly known as Obopay Inc.) a licensed U.S. money transmitter of which Payza was an agent,” the announcement begins.

“We have tried to resolve this problem by contacting their management, their legal team and State regulators,” the announcement continues. “Their management and legal team were unresponsive. However, State regulators are willing to help us, but they have told us that they will not intervene unless they hear from you, the owner of your funds.

“In this case, Payza is asking all affected members to demand action from both Ultralight FS and your State regulator . . .”

At the time of this PP Blog post, the full Nov. 27 announcement is available at the Payza Community Forum. [See Update at bottom of this PP Blog post.]

These Thanksgiving Eve claims by Payza are at odds with other claims online.

These Thanksgiving Eve claims by Payza are at odds with other claims online.

In short, Payza seems to be saying that Ultralight/Obopay Inc. is responsible for its inability to serve U.S. customers because the entities either froze or withheld the money.

But here is where the information diverges and becomes even more fractious: At least two websites that state they’re associated with Obopay claim that “[t]he US Department of Homeland Security has seized all MH Pillars dba Payza money on deposit with UltraLight FS.” Both of these sites are cheesy in appearance. Both also have have copyright notices: One, styled obopayusa.com, says “Content copyright 2013. Obopay, Inc. All rights reserved.” The other, styled ultralightfs.com, says “Copyright @ UltraLight Financial Services. All rights reserved.”

Neither site says when the money purportedly was seized. Nor does either site say how much was seized.

So, the apparent obopay and UltraLight entities are saying the money was seized by the U.S. Feds. Payza is saying it was “frozen” or “withheld” by obopay/ultralight.

What’s the truth? Well, it’s unclear at this time.

There’s also a website styled obopay.com that appears to have the same logo as obopayusa.com. The obopay.com site asserts an association with Obopay Mobile Technology India Pvt. Ltd. of Bangalore and says its partners include Societe Generale, Essar Telecom Kenya Limited and Union Bank of India.

The obopay.com site appears to make no reference to Payza or MH Pillars, but does reference Obopay Inc. of Redwood City, Calif., as its parent company. When the PP Blog clicked on a “State License” tab at the bottom of the obopay.com site, however, it received this error message: “An error occurred during a connection to www.obopay.com. Peer’s Certificate has been revoked. (Error code: sec_error_revoked_certificate).”

So, another layer of the curious.

Searching the database of the Financial Crimes Enforcement Network (FinCEN), the PP Blog located a document that suggests Obopay Inc. of Redwood City, Calif., is a registered Money Services Business in all 50 U.S. states, plus the District of Columbia. FinCEN is an arm of the U.S. Treasury Department. Its stated mission is “to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.”

Information on MH Pillars Inc. of New York also appears in the FinCEN database. The information suggests the firm is a registered Money Services Business in at least 48 of the the 50 U.S. states. (California and New Hampshire appear to be possible exceptions.) MH Pillars also appears to be registered in venues such as American Samoa, the Federated States Of Micronesia, the Marshall Islands, the Northern Mariana Islands, Palau and the U.S. Virgin Islands.

It seems clear that both Obopay Inc. and MH Pillars Inc. are registered MSBs. Why, then, can’t U.S. Payza customers get their cash? Could it be because UltraLight isn’t registered? The FinCEN database appears to have no information on UltraLight.

But a Florida Department of State database does, and that information suggests Obopay Inc. is changing its name to ULTRALIGHT FS Inc. The Florida document is date-stamped Oct. 15, 2013. A phone number listed in the document comports with a phone number in Louisiana and Mississippi records as the number for Obopay Inc. of Mountain View, Calif.  Like Redwood City, Mountain View is a Silicon Valley community.

Why FinCEN records show Obopay in Redwood City while state records show the enterprise in Mountain View was not immediately clear.

What does seem clear is that some or all of Payza’s U.S. customers can’t get their money and that whatever dispute exists between Payza and OboPay/Ultralight is about money that either was frozen/withheld by OboPay/Ultralight or seized by U.S. law enforcement.

Payza claimed in July 2012 to be cleaning up its act. This claim was made about a month prior to the August 2012 Zeek action by the SEC and an accompanying confirmation from the U.S. Secret Service that it also was investigating Zeek. Whether the Payza claim was just lip service remains to be seen.

When the United States took down Liberty Reserve, the Secret Service changed Liberty Reserve’s domain nameservers to a “sinkhole” URL at ShadowServer.org. This initially caused Liberty Reserve to go offline. When the domain returned, the logos/badges of the U.S. Department of Justice, the Global Illicit Financial Team,  the Secret Service, the Treasury Department and Homeland Security Investigations were published on the site to let the world know that crime doesn’t pay in the United States.

Payza’s website loaded quickly this morning, with full Payza branding and services appearing. DNS settings appear not to have been altered, suggesting at least to this point that the domain has not been seized by the United States. Whether the United States intends to seize it now or ever is not known.

But seizing money is an altogether different matter. One of the ways to choke off HYIP and counterfeit-goods/pirating scams is to stop the fuel supply and to starve them out. If the United States desired to cripple criminal HYIPs and counterfeiting enterprises, it theoretically could attack them by seizing money that had been routed through Payza and the AlertPay predecessor.

Whether that’s what’s happening here remains unclear. At the same time, it would be catastrophically foolish for an enterprise such as Obopay or UltraLight (or some combination thereof) to attribute a seizure of Payza funds to the U.S. Department of Homeland Security if it were not true. It also would be catastrophically foolish for Payza to claim that Obopay/UltraLight froze or withheld the money from U.S. Payza customers if that were untrue or not the complete truth.

Seizure of money by the U.S. government requires a court order. Obopay/UltraLight either has or has not received such a court order or notice that one was on the way.

If the United States has court-worthy evidence that Payza was facilitating online criminal enterprises, then it should become apparent in the coming days. If Obopay/UltraLight played any role, it also should become apparent.

It could be a very interesting Black Friday or Cyber Monday.

Update 7:31 p.m. Nov. 28:  The original Payza announcement appears to have been removed this afternoon or this evening and replaced by this considerably shorter one. There’s also a post on the Payza Blog. It is dated today and titled, “Important Update: Limited Services for Certain U.S. States.” Those states are not identified in the Payza Blog post.

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14 Responses to “Conflicting Reports Over Status Of U.S. Payza Funds: Frozen? Withheld By Vendor? Seized By Department Of Homeland Security?”

  1. Please read this page and the links at the bottom…should give you some further insight to who and what Payza and Firoz Patel is.
    http://terrygilder-themco.com/category/themco-ekf-alertpay/

      (Quote)

  2. Hello P. Wessels,

    Further insight also perhaps might be gained through the recognition that the name “Todd Disner” appeared in the Themco-related Payza petition in slot 1417 on April 30, 2013.

    The Comments line under the name of Todd Disner reads, “Please release my funds.”

    So, it seems, this Todd Disner was in Themco and couldn’t get his Payza funds.

    A certain Todd Disner was a promoter of the AdSurfDaily and Zeek Rewards Ponzi schemes that allegedly sucked in a combined $719 million. XX number of those millions went through Payza/AlertPay.

    Themco was presented online as a “Co-operative” that “will function in association with an Investment company, a Captive Insurance company, a Reinsurance company, a CatRe ( Catastrophy ) Reinsurance company, a Worldwide Insurance company, a European Insurance company, a Management company, a Hedge Fund, a Trading Company, a Bank, a Trust, a Foundation a Bridging Finance facility and of course a Golf Club.”

    Any of that seem a bit much to you? That Themco participants apparently were using a payment processor linked to fraud scheme after fraud scheme raise any red flags — you know, like maybe Themco itself was a scam?

    Patrick

      (Quote)

  3. PP, do you know what license is Obopay operating under? They don’t seem to be listed under KEPLER California database of corporations or LLCs, and is not listed in California’s DBO Dept Business Oversight / DFI Div. Financial Institutions, yet both Obopay and Ultralight FS seem to be domiciled in California. Obopay haven’t filed an SEC document since 2011, but is listed in EDGAR. If they really are changing name to Ultralight FS there should be an SEC filing, right?

      (Quote)

  4. K. Chang: PP, do you know what license is Obopay operating under? They don’t seem to be listed under KEPLER California database of corporations or LLCs, and is not listed in California’s DBO Dept Business Oversight / DFI Div. Financial Institutions, yet both Obopay and Ultralight FS seem to be domiciled in California. Obopay haven’t filed an SEC document since 2011, but is listed in EDGAR. If they really are changing name to Ultralight FS there should be an SEC filing, right?

    Hello K. Chang,

    I found some info on obopay/ultralight last week in the Florida Department of State’s database at sunbiz.org that suggests:

    * In Delaware, Ultralight FS Inc. changed its name to Obopay Inc. in October 2005.

    * In Delaware, Obopay Inc. changed its name to Omney Inc. on Sept. 13, 2013.

    * In Delaware, Omney Inc. changed its name back to Ultralight FS Inc. on Sept. 27, 2013.

    If you search kepler, you’ll find a listing for Omney Inc., a Delaware foreign corporation operating in California.

    There seems to be come commonality among/between these various entities in terms of services provided and the roster of officers/employees over the years.

    Also see this May 3, 2012, article in American Banker:

    http://www.americanbanker.com/issues/177_86/Obopay-offers-white-label-P2P-payment-service-1049029-1.html

    Lede from American Banker story:

    “Obopay, a provider of a person-to-person payment and transfer service system and a licensed money transmitter in the U.S., is offering a Licensed Payment Service other companies can brand as their own.”

    In June 2012, the Colorado State Banking Board discussed Obopay Inc. of Redwood City, Calif., which had asked the board for an extension of time to file Dec. 31, 2011, audited financials, according to Colorado records.

    The request was granted. In October 2012, according to Colorado records, Obopay Inc asked for a waiver from filing. The minutes of the board meeting say that “the Division would write a letter advising Obopay, Inc., that pursuant to statute, the request cannot be granted.”

    You’ll find these matters via Google.

    If you type “obopay complaints” into Google without the quotes you’ll find a mishmash of things. Given that Obopay appears to have targeted a potentially lucrative but potentially problematic market segment — the unbanked or underbanked — there appear to be relatively few complaints.

    It’s hard to do anything other than an instant assessment of the available info because it’s hard to ascertain the scale achieved by Obopay.

    There are a few references to Obopay on the MoneyMakerGroup and TalkGold Ponzi boards c. 2007/2008 as a sort of PayPal alternative that offered $25 or $10 for opening an account.

    Fast forward to 2013, and an apparent dispute between Obopay/UltraLight and Payza has surfaced. Owing to the asserted business relationship, the names of Obopay and Ultralight now appear in a Payza thread on MoneyMakerGroup about the shutoff of U.S. customers.

    If you’re a financial-services company or retailer that values your brand, it’s hard to imagine a publicity source worse than MoneyMakerGroup. I remember when the MPBToday MLMers were on the Ponzi boards (and their own pitch Blogs/websites) pushing MPB Today and claiming a tie-in with Walmart.

    That didn’t work out very well for MPB Today, given that its operator now is in jail. It’s also easy to recall that the Club Asteria MLM tried to marry its brand to the Red Cross and that the Red Cross suddenly saw itself getting the Ponzi-board treatment by the serial scammers.

    Along those lines, the presence of Zeek affiliates on the Ponzi boards didn’t do any long-term favors for Zeek, an alleged $600 million Ponzi and pyramid scheme that used AlertPay/Payza.

    I’d never heard of obopay or Ultralight before all these claims surfaced a few days ago and made their way to MoneyMakerGroup.

    Among the claims attributed on MoneyMakerGroup to Payza is this: “We are pursuing legal action against Obopay Inc., Ultralight FS, their officers and the CEO of both entities . . .”

    The post itself was by a person who claimed on MoneyMakerGroup that he/she signed into his/her Payza account and was greeted by the message.

    Patrick

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  5. Patrick, Themco CoOp was a 2009 scam,
    It was nothing but $145 Goldcoders scripted HYIP and
    ran by Terry Gilder (well known pimp/crook), he offered there non-existent RRP
    (you put $90, and get back $90000 :) )

    After he collected money from Investors, Payza froze his account
    (some claimed on swiss authorities request).
    And that clown even filed a case in Montreal agains AlertPay
    here is some trace from it:
    http://www.jugements.qc.ca/php/decision.php?liste=67978209&doc=DA825FE1541488EAF8AAB456150E3CC7D4E22E79B75D517737140398D2487D9D

    What happened to that case i was unable to track down and lost interest.

    Now, I see a lot of investors Terry cheated showing up everywhere on internet for years
    and blaming AlertPay and not the crook who would steal their money in the first place :)

      (Quote)

  6. Quick note: Sometime within recent hours, the claim that the Payza money was seized by the Department of Homeland Security was removed from both the obopayusa site and the ultralightfs site.

    The earlier claim on the ultralightfs site was replaced by this one:
    ____________________________________________

    FOR PAYZA CUSTOMERS:

    The notification provided on Payza’s website concerning funds you have on deposit with Payza is false and misleading. Ultralight FS (formerly known as Obopay) does not have any funds belonging to Payza or Payza’s customers. Any claims for funds should be directed to Payza where your account was established and administered.
    ____________________________________________

    Meanwhile, the earlier claim on the obopayusa site was replaced by this one:

    ____________________________________________

    Attention MH Pillars dba Payza customers:

    Ultralight FS does not have any funds belonging to Payza or Payza’s customers. The notification provided on Payza’s website is false and misleading. Any claims for funds should be directed at Payza where your account was established and administered.

    ____________________________________________

    Patrick

      (Quote)

  7. NikSam: Patrick, Themco CoOp was a 2009 scam, It was nothing but $145 Goldcoders scripted HYIP and
    ran by Terry Gilder (well known pimp/crook), he offered there non-existent RRP (you put $90, and get back $90000 :) )

    Thanks for this, NikSam.

    Themco reminds me of the Imperia Invest Traded Endowment Policies (TEP) scam in 2010. TEPs also are know as viatical settlements:

    http://patrickpretty.com/2010/10/07/bulletin-sec-seeks-shutdown-of-imperia-invest-in-emergency-action-program-pitched-on-same-ponzi-forums-promoting-mpb-today-agency-says-imperia-defrauded-thousands-of-deaf-americans/

    From Paragraph 17 of the SEC’s Imperia complaint:

    “The majority of investor monies paid to Imperia appear to have been sent to three PayPal-type entities: Liberty Reserve, located in Costa Rica; Perfect Money, located in Panama; and Procurrex, located in the British Virgin Islands. Once Imperia received funds from Investors, it appears that Imperia then transferred amounts from these accounts to foreign bank accounts, including but not limited to accounts located in Cyprus and New Zealand.”

    Like Imperia, Themco had a presence on the Ponzi boards.

    Patrick

      (Quote)

  8. Payza is now saying this on its Community forum:

    _________________________________________

    For licensing purposes, Payza was an agent of Obopay Inc.

    Ultralight Financial Services/Obopay Inc. controls the bank account where the funds are located. Back then, the process was if you wished to add or withdraw funds, we would automatically send this request to Obopay Inc. and they would do it for us. Currently, Obopay is simply not cooperating with us and not releasing the money that are found in their bank account.

    For that reason, we’re asking our affected members to contact their respective state regulators to intervene and allow us to transfer your funds to your bank account immediately.

    We do have an agreement with a different banking partner so if your current balance is frozen, any subsequent funds you add to your Payza account will be free to use, including withdrawing it.

    _________________________________________

    Source: http://community.payza.com/discussion/comment/373/#Comment_373

    Patrick

      (Quote)

  9. Just found this…new link discussing the situation with some new info posted as well: http://scrolldog.com/payza-under-fire-by-homeland-security-us-based-funds-seized/

    Pertinent info:

    ScrollDog got in touch with the State regulator of Utah and this is what he had to say:
    “Apparently, Obopay entered into an agent relationship with Payza, wherein the money transmission was processed under the licensee name, Obopay, and all the receipting documents should state Obopay as the money transmitter. The actual facts regarding the full extent of the investigation at this point are unclear, but several states and an agency of the Federal government are investigating and communicating with each other, with the goal of reaching an amicable solution. There are customers who have had their accounts frozen and many have complained to their state regulator. Multiple states are having discussions on how best to ascertain the legitimate complaints and who is owed and how much. This process will take some time, and all regulators would appreciate your patience while this issue is being resolved.”

    So it looks like Payza is not at fault here, except for being a victim of Obopay like all other US members.

      (Quote)

  10. Thank you, Larsen.

    Quick note: News Flash on this developing matter here:

    http://patrickpretty.com/2013/12/13/bulletin-no-immediate-comment-from-federal-prosecutors-on-payzaobopay-announcement-on-u-s-attorneys-site-in-district-of-columbia/

    We’re trying to get more info . . .

    Patrick

      (Quote)

  11. Ok, I have to pitch in here and sorry it turned out to be so long winded. I have been watching this issue as someone who has 15 yrs experience in MSB licensed activity.

    Here goes-

    Ok to some of us who have worked in licensed money services business for a long time. I mean people who know what it means to be licensed and know what needs to be done to maintain those licenses at state and federal levels- Payza’s comments so far on this matter just do not ring true. Either the person who is making these “official” posts for Payza is purposefully lying OR they do not understand the business and are posting these things without approval from their superiors.

    Let’s take a look-
    Since Payza had to use licensing from another company in the states it seems very apparent that they were unable or unwilling to get their own licensing. Due to the shear economics of having to attach to some other company’s licenses and the long period of time that they used agency from Obopay it is safe to assume that they could not get licensing for some reason.
    So that leads me to a statement I see here on this blog-

    “Ultralight Financial Services/Obopay Inc. controls the bank account where the funds are located. Back then, the process was if you wished to add or withdraw funds, we would automatically send this request to Obopay Inc. and they would do it for us.” (if this were the case Payza is admitting to illegal activity) Can’t work like this as described-

    Think of an FBO account as a parking lot to keep funds while the instructions, settlements etc are happening in the background.

    Again, if you know how licensed activity works in the US this seems implausible at best. Payza would need to have an FBO account that THEY set up. Not an account some other company set up for them. This FBO would need to be a pristine account with no other activity from other businesses co-mingled with it. The bank account would need to have a daily reconciliation process and most importantly would have to be an FBO account approved by the bank. In other words they couldn’t just set up a bank account and use it for whatever they wanted and since it is licensed activity the bank must be in the loop.
    So if that statement above is a complete fabrication- if Obopay never EVER had an FBO account for Payza to do business through- how would it be possible for them to process payments for Payza?

    It seems like Payza never properly set up a FBO account and the transactions never settled through a system that Obopay. We know this because Payza admits Obopay was split up and what Obopay here in the US ended up with wouldn’t have included a system to conduct transactions. A bit of research shows that the Obopay version of Obopay that was purchased owned all the IP rights.

    If they never processed payments for Payza as they described or in any other way- How can Payza make these claims that the funds seized were customer funds?

    I wonder if Payza who has been very “vocal” about all of this would be willing to provide some proof. For example, they could show a bank statement (with security data redacted of course) at the bank where the funds were seized/taken/whatever. They could show it was an active account, that there is an FBO designation, they could show that they had access- which they would HAVE to have if it were an FBO account set up for the purposes that they claim.

    Perhaps Payza could provide screen shots of the processing platform Obopay used to settle transactions for them. Again, it wouldn’t uncover any security info so safe to produce. Sure it would be easy for a company like to dummy up some screenshots but I bet they’d never do it properly so it will be obvious if they are fakes. Those of us who know how this works would spot a fake easily.

    This would really show the truth- if the account was set up BY THEM for MSB activity, and they were ON the account than yeah I’d buy the whole story but otherwise it makes no sense and isn’t possible- just isn’t. As many of you know this is highly regulated stuff.

    But that would raise another set of questions- for example why did the supposed seizure come as such a surprise? They would have been served the papers along with the bank- NOT Obopay since Payza is the owner of the account.

    Or- If Payza was served and duly notified of a seizure- they certainly wouldn’t be making the mistakes they are making by trying to tell their ever changing story online. In fact- they’d be warned to NOT do that. So as you can see there are a ton of reasons why this doesn’t make any sense, why it is implausible and why I doubt it when they say they are cooperating with authorities.

    And ultimately this is what it all boils down to- there is no way Payza is an innocent victim cooperating with authorities to make this right. They’d NEVER be allowed to publicly comment like this- period. Feds would never let an official source completely wreck their case like that.

    It has been my experience that authorities accept your cooperation and they NEVER say oh and BTW go in to great detail online but if you feel like changing those details on occasion go for it.

    I have to say- I think someone has to really cut some corners on reality to buy ANY of the stuff Payza has been pitching in their variable and shifting comments.

      (Quote)

  12. I don’t understand. Your claim that “this doesn’t make any sense” rests entirely on your assumption that “Payza is the owner of the account” – an assumption for which you don’t seem to have any evidence.
    “how would it be possible for them to process payments for Payza?” – Nothing I’ve read suggests that Obopay processed the payments. Payza processed the payments and then Obopay transferred that money accordingly.
    “why did the supposed seizure come as such a surprise?” – Because Payza has not been targeted by the authorities. The fact that their former business partner is apparently a crook hurts Payza just as badly as it hurts their US customers.
    You suggested that Payza wouldn’t be so vocal if it had been served by the authorities, so doesn’t it stand to reason that they haven’t? Maybe you’re right that Payza being so vocal is not a good thing for the feds, but that, again, only suggests that they haven’t been asked to testify (yet), or approached by the feds at all.
    At this point they’re trying to protect their reputation – if the US accounts were frozen and Payza said nothing, everyone would assume they were the criminals. The fact that they’re talking suggests (to me at least) that they want to make this right.

      (Quote)

  13. Aloha,
    I read with absolute dismay regarding this issue that I am also involved in. First of all, Payza has a fiduciary responsibility in the actions of the third party. They had the opportunity to evaluate those that make up the third party, who apparently is Obopay, background checking of the owners etc. We, as the customer, are not afforded that opportunity other than the choice of doing business or not with Payza based on information they provide and any due diligence based on customer comments. The company that payed me the money placed it with Payza and not Paypal and I was in the process months ago in setting up my account with Payza. In doing the bank account verification, the verification never happened and I got busy dealing with other matters since the dollar amount was small.
    Now that I been in touch with Payza, I am not satisfied with the response of third party issues….This is nothing but absolute bolder dash. Look, when you do your taxes and a accountant prepaired them(third party) and you sign the return…..who is responsible for the taxes. Are you going to tell the IRS that the accountant made a mistake and you and the accountant have some third party issues….Good luck on that one.
    I have a call into the US Justice department and I have a close friend in the FBI who works with Homeland Security that I may call to find out more. I am also considering a class action lawsuit against Payza etal.
    Did you know that Payza just put out yesterday a press release that they are offering debit and credit card processing to US Merchants. I am personally going to crash that train of thier’s until this other matter gets resolved. I will be contacting Mastercard, Visa, Discover and American Express to serve notice that if they transact any monies with Payza, they will be held accountable if this is true.
    Gregford and others such as him are ignorant of the responsibilities that be fall Payza in conducting a financial business. My money is showen on the Payza website….no one elses….thier name is what is out there….stop sucking up to the smoke screen they place out there. The Blog page said today in the early morning that it would be down for about 15 minutes this evening it is still down. Not good and they told me to keep checking the blog for news…..but guess what….there was nothing about this issue weeks ago yet yesterday there is a press release about doing debit and credit card processing for US Merchants. Gregford….either you are stupid or you are a Payza paid PR man….this is not rocket science.

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