Business Law Blog

CONSUMER ALERT: Attorney Adam Tracy Investigates Online Payment Provider Payza.com

(PRLEAP.COM) CHICAGO, IL – November 30, 2015 – Consumer rights attorney Adam Tracy and the law firm of the Securities Compliance Group announced today that it would be aggreissvely pursuing an investigation into popular online payment platform payza.com. The nexus or particular interest of government law enforcement is not entirely clear at this time. However, since Payza has been involved in litigation with rival payment processor Obopay.com, some Payza customers have claimed to have experiened delays in receiving cash withdrawals.

In an October 15, 2015 release, the U.S. Attorney General’s office released the following statement concerning the crimingal probe:

“The United States government, including Homeland Security Investigations and the Washington, D.C. F[i]nancial Crimes Task Force, is currently conducting a criminal investigation. As part of that investigation, the United States Attorney’s Office for the District of Columbia has requested a United States District Judge to pause curr[en]t civil litigation relating to Payza and Obopay. The Judge has paused the litigation until January 22, 2016. Shortly after that date, additional information will be made available on this website about the status of this investigation.

“It is notable that a criminal probe exists with respect to Payza,” said Adam Tracy. “Payment processing, whether online or even brick and mortar, is an extraodinarily complex area of law,” he continued. “With the exact focus of the criminal investigation being unknown, our intent is to review various customer experiences with Payza,” he concluded. There can be no guarantee that any investigation undertaking by attorney Tracy or his firm will merit any viable cause of action.

If you are a consumer or business that had had adverse experiences with Payza, contact the firm at at@tracyfirm.com or call  1.888.978.9901.

Attorney Advertising. (C) Securities Compliance Group, Ltd. The law firm responsible for this advertisement is Securities Compliance Group, Ltd. (https://tracyfirm.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

About Securities Compliance Group, Ltd.

The Securities Compliance Group, with offices in Chicago, and Beverly Hills, is a cross functional team of attorneys each specialized in various areas of consumer protection, including securities, stockbroker and consumer fraud. Our firm fights for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. We have successfully advocated on behalf of our clients in front of courts nationwide. Visit us here https://tracyfirm.com

CONTACT INFORMATION
Adam Tracy
Securities Compliance Group Ltd.
1.888.978.9901