Payza Founders Indicted on Multiple Charges, Including Money Laundering
U.S. federal authorities have indicted Payza, a crypto payment processor, and 2 Canadian brothers on multiple charges, including money laundering and operating an illegal money transmitting service. Two brothers from Canada are definitely feeling the heat from the U.S. government. A federal grand jury from the District of Columbia has indicted Firoz Patel, age 43, and his brother, Ferhan Patel, age 37, on multiple charges of using their payment processing company, Payza, to launder money
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ICE Agency Charges Payza and Two Canadian Citizens With Bitcoin Money Laundering
This week the U.S. Immigration and Customs Enforcement’s Homeland Security agency (ICE) has revealed that it is charging two Canadian brothers and the company Payza with illegal money transmission and money laundering charges tethered to cryptocurrency transactions. Also read: ICO Trackers Are the New Gatekeepers of Crowdsales Money Transmitters are Required to Register With U.S. Federal […]
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Payza: U.S. Department of Justice Hands Payment Processor $250 Million Money Laundering Case
The U.S. Department of Justice (DoJ) has filed a lawsuit against digital payment processor Payza for allegedly operating an unlicensed money service business that processed more than $250 million in transactions. According to the indictment, some of its customers were involved in Ponzi schemes, pyramid schemes, and a child pornography site. Payza is an e-commerce business … Continue reading Payza: U.S. Department of Justice Hands Payment Processor $250 Million Money Laundering Case
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The Russian Parliament is about to pass a draft bill on cryptocurrencies and digital tokens in which they are considered assets. Unfortunately, locals and tourists won’t be able to pay for goods and services using cryptocurrencies in Russia. Russian Parliament To Regulate Cryptocurrencies The bill outlines the legal framework for mining and blockchain-based transactions and … Continue reading “Cryptocurrency Is Not Money”, Says Russia
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Morgan Rockcoons Faces Money Laundering Charges Over Bitcoin Trades
Any story related to Bitcoin is bound to get some media attention sooner rather than later. For Morgan Rockcoons, one of the more notorious traders in history, it is close to crunch time. He was arrested a while ago for running a money laundering scheme. It is evident this story is just one of many...
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