The money transfer provider Payza has been sued by the US Department of Justice for allegedly committing acts of money laundering totaling around $250 million. The lawsuit hit the cryptocurrency-friendly payment portal Payza with allegations of conducting illicit activities such as pyramid schemes, Ponzi schemes, and even child pornography. A court document was filed almost two years ago on November 3, 2016; nonetheless, it was not until this week that it was finally released. The lawsuit targets the co-founders of the service, Canadian brothers Ferhan and Firoz Patel, both of whom are now facing charges for operating a money transfer business without having the necessary license. It is believed that the illicit activities began in 2012, whenPowered by WPeMatico
