With such a well-documented history of their direct involvement with online fraud we can be sure that Firoz and Ferhan Patel will not miss an opportunity to launch their Payza online scams in the emerging Asian markets.
Brazil, Russia, India and China have been
given the acronym of BRIC countries. It has been predicted that by 2050, these
nations will control more wealth than the current wealthiest nations. China
will become the world leader in the supply of manufactured goods. Russia and
Brazil will become the major suppliers of raw materials, whilst India will lead
the way in service providers. Amongst the next eleven countries predicted to
play a bigger part on the world’s stage, is Bangladesh. It is towards these
emerging nations that the Patels will turn their attention in the hope of
launching their Payza Company and of the Payza online scams that will accompany
it.
There is no single body or department that
controls the international movement of money. It’s just too big an animal for
one regulatory body to control. It is for this reason that the Patels are able
to continue to operate their nefarious companies. Through constant name changes
of company, Director or CEO, they manage to avoid detection for as long as
possible.
There is an ever growing need to conduct
international financial transactions because of the growing global markets.
Manufactured items and services provided by these emerging markets need to be
paid for. Legitimate companies such as PayPal or Dwollar have restrictions in
place which prevent them from being able to offer a much needed service for
these countries. This is where Payza steps in to fill the gap.
Many people from these countries find
better wages and working conditions are offered by foreign companies and
eventually find employment abroad. In keeping with their strong family bonds,
these migrant workers send a percentage of their salary home, each month. To do
this, they need a system that can offer such a service, Payza does just that.
The Patels know full well that the top ranking officials are often corrupt and
willing to turn a blind eye to wrongdoings if they themselves can make a
financial gain from the situation.
This is exactly the type of market that is
suitable for their latest Payza online scams.
Being of Indian descent themselves helps to
instil confidence in their new customers who find it hard to believe that they
could be swindled out of their money by a fellow countryman. As has happened so
often in the past, the accounts are allowed to operate smoothly and without
problems.
Then the email will arrive
stating the usual breach of terms and the freezing of funds that comes with it.
Who can these uneducated people turn to for help when they have been caught up
in one of the latest Payza online scams? Their government will not be a great
deal of help as they too are often ignorant to the world of international
finances.
The total lack of regulations that control
the movement of money is the main reason why the Payza online scams are able to
continue.
