₦airaland Forum

wandyvirus:
I am lost here.

Ping Express was an upstanding company. Imagine if they had been irresponsible; scammers like Collins could have sent money without proper verification, how would the Feds have been able to pin point his activities? But no, Ping verified everyone and documented everything making it easy for the Feds to do their job which is picking out fraudulent operations

The funds of anyone transferring money is kept in banks; its from our banks that we transfer through
Ping. So in the case of the scammers; why not the Feds go after the banks too? At least they were helping scammers keep their loot?

erniok:
I like your explanation than that of babzo. It seems they wanted to beat the system for huge commissions and got caught. They should have been smarter than that when they are not in Nigeria.

I disagree sir. I have been monitoring this case for 3 years.

Berankis:
I was having the same thoughts but became confused that they pleaded guilty to the charges (money laundering: transferring $167million unchecked in the last three years). Who was supposed to check? And why plead guilty when you haven't committed any crime?

That's the thing. That $167 Million was laundered is a lie in itself, that's the total amount they transferred during the years of their operation. Including from every day people like me and thousands of others; all of whom were verified in a more rigorous method than Western Union ever did.
As to pleading guilty, it's very hard to defeat the Feds in court and the lawyers usually advice it especially after 3 years of fighting. Pleading is a strategy to come back and fight another day.

einsteine:
You can't ignore AML laws. They had a monthly limit of 4500 yet allowed a fraudster send 80,000. They didn't file the necessary STRs that would have stopped the fraudulent activity. Plus they also pleaded guilty.

The fact that the originating banks were not charged shows something is not adding up.
When the Feds battle someone, it's a near impossibility for the Citizen to win. You plead to fight another day!

HazzanTazzan:
Don’t compare their fintech start up which doesn’t have license to operate financial transactions to moneygram and banks with license to operate financial transactions ...

Banks, moneygram and western union are covered cos of their license but an individual or company without such license is doing financial transactions will face the music when shit like this happens ...

This is why a currency exchanger like me keep running from life changing deals as I can’t risk efcc wahala

What do you mean by they don't have license?

If they didn't have a license, why would the judgement talk about the company facing 5 years probation?
If they didn't have license, why were they not charged with running a business illegally?

They are licensed sir.

wiseoneking:
You may not understand despite the long epistle you wrote. The accused knows that they are guilty against the federal law of United States, having flaunted the rules. You are here defending them but probably among people that may be shouting Pandora up and down.

If you are sending that small small chikiri money like $20, 500 or less than 3k your people, do use Boss revolution etc for that.

My typical black people, which is small money again?

Maybe there is hope. Looks like votes are counting, votes matter.

tradingknowled1:
You own a Fintech and you are still involved in fraud ?? Patience is really a virtue

I offer forex trading Guidance and mentorship ..
PM me let's begin your trading Journey together

Which fraud sir? Please check the statement by the US Justice Department.

kingmann:
Oga go and read the full story, this guy did not post the full story

My guy I was following the case before today, before the judgement given, before most Nigerians knew.

When you are doing business with a good company made of good people for years that benefits you and they suddenly shut down, one asks questions.

Earlystar698:
Maybe you should go send them, the western union and moneygram to jail since you know more than them

Bro, this thing is not rocket science. I wish the Ping guys had consulted me.

wandyvirus:
Everything you said makes sense. Where they failed was their KYC system. It lwtt them vulnerable. If they had a good KYC in place, it won't stop fraud but will absolve them of blame. The big boys have such in place. You know who sent and why and who received, where and when.
Ping was just....ping.
The issue with Nigerian Fintech is that if you subject it to stress and vulnerability test,you will run with your money.

Sad that they had to bear the brunt of a system waiting for them to fail anyway.

But if the KYC was bad, why and how did they get all the correct info about Collins?

Why has the CEO of the bank where Collins kept his money before transferring through Ping not been arrested?

This story is really inaccurate.

Neither of these two guys were accused of stealing or fraud, but rather not stopping fraudsters? But why has the same system not sent the CEO of Western Union and Moneygram to jail?

Why jail them? Why not fines? Do bank owners or managers get jailed because fraudsters keep money in their banks?.why havnt the managers of Western Union and Moneygram being jailed since all these years?

The story is 100% wrong. Neither of these two men stole any money. I know many grateful Nigerians who used Ping Express to support their loved ones in Nigeria to the anger of the Big 2 ( Western Union and Moneygram). How can you jail a bank MD because fraudsters have accounts with the bank? Something is seriously wrong here. Why have the MDs of Western Union and Moneygram not been jailed for all the billions fraudsters have sent through their companies? Oh I forgot those are not immigrant owned businesses. Worst case they will be given a fine. Or maybe it's because they are "small boys"

All the people who used Ping Express never gave a dime in cash to the company, they sent the money using their bank debit cards. So why have the managers of the banks from where the money came from not being charged?

People will think this is $167 million cash somewhere. No $167 million anywhere. That's the total of funds they legitimately sent on behalf of people.

$50, $100, $200 here and there from 30,000 customers over 5 years. I myself sometimes sent $15 and sometimes $300 or more.

The allegations is on the $1 million + sent by a Fraudster, Collins over a 3 year period. If Ping Express had not verified their customers properly; how would they have been able to track the Collins guy? But Ping did proper verification for all customers.

But the banks where the monies came from to Ping Express are not being questioned.
This is a company I used for years and people came to know.

They followed every rule.

I know the stress I went through to get verified before using their services; license, phone call etc, things I never had to do with Western Union.

They are not accused of fraud, but rather not stopping fraudsters. Then why jail time? To kill their business finally?

When will the CEO of Moneygram and Western Union that Yahoo Boys have been using for over 20 years to send money, be arrested and jailed? NEVER.

Western Union and Moneygram have lost probably billions in the last few Years with the arrival of companies like Ping Express that made sending money to Africa not only faster, but cheaper, direct to bank accounts and 24/7.

Western Union that used to be only available during banking hours. They changed quickly when Ping Express and the new guys positively disrupted the system.

This is really unfortunate.

Highlandgee:
The two of them have already been sentenced to 27 months in prison.

That's the point I am making. Companies are given fines when they do something wrong; why are these guys being jailed? Because they are NIGERIAN immigrants?

People will think this $167 million cash somewhere?.

Nope. This $50, $100, $200 here and there from 30,000 customers over 5 years.

But the banks where the monies came from to Ping Express are not being questioned.

Treasure17:
Fraudsters forming tech guys. Majority of those claiming tech guys are yahoo boys using tech as a cover up.

This is very untrue sir. This is a company I used for years and people I knew personally.

They followed every rule.

They are not accused of fraud, but rather not stopping fraudsters.

When will the CEO of Moneygram and Western Union that Yahoo Boys have been using for over 20 years to send money, be arrested and jailed? NEVER.

This story is really inaccurate.

Neither of these two guys were accused of stealing or fraud, but rather not stopping fraudsters? But why has the same system not sent the CEO of Western Union and Moneygram to jail?

Why jail them? Why not fines? Do bank owners or managers get jailed because fraudsters keep money in their banks?.why havnt the managers of Western Union and Moneygram being jailed since all these years?

The story is 100% wrong. Neither of these two men stole any money. I know many grateful Nigerians who used Ping Express to support their loved ones in Nigeria to the anger of the Big 2 ( Western Union and Moneygram). How can you jail a bank MD because fraudsters have accounts with the bank? Something is seriously wrong here. Why have the MDs of Western Union and Moneygram not been jailed for all the billions have fraudsters have sent through their companies? Oh I forgot those are not immigrant owned businesses. Worst case they will be given a fine.

All the people who used Ping Express never gave a dime in cash to the company, they sent the money using their bank debit cards. So why have the managers of the banks from where the money came from not being charged?

AyesolveNLA:
Those are the two things that has been controlling me, I decided I will not Masturbate or gamble but will still find myself doing them again.
How can I be free from them, please I need your advise. I AM 25 and already endebited with 68,000. And I am also the first born in my house. I always look at my family and Weep, because things are not going the way I expected especially been able to bring happiness and joy home rather Cry and cry. There was a day I even cry for almost 2hours telling God to take myself life.
I am tried of this life am living.

Man up bro. 68k? Less than most peoples monthly salary.

Find help, you will get it and be free.

Does he have a name? What about the phone number, bank account and messages exchanged during the scam?

Kagd10:
I tell you.

Henceforth, APC needs to focus on more cogent things during their campaign. Talk about Tinubu's achievements in Lagos'


In fact, if I were Tinubu, I would mention emphatically that Peter Obi lives in the Lagos I governed and then, proceed to list my legacies in Lagos Such as Lekki seaport, Eko Atlantic, Lekki trade zone, BRT, millennium schools, enormous increase in Lagos revenue etc

They should also emphasize on the fact that Tinubu has never taken any federal position hence no one should blame him over what he has no hand in.

Also emphasis should be laid on competency and how it should always take the cake, not religion. Besides, Tinubu is a liberal leader.

They need to seriously hire you!

kingtinnie:
By this logic I can stalk you and record your everyday life as long as I do it in public

Yes , by law. But you have the right to go to court and report to the police.
Police will determine if any crime has been committed and court if your rights are been infringed.

It's one of the blessings and challenges of a free society like America.

Reason we have a multi billion dollar paparazzi industry.

able20:
Most Nigerians in America are very funny.
The Bushman was hard shouting this is America , but he was seen violating someome else's privacy

Privacy in a public space? Not your house? That doesn't really work.

shadrach77:
This Princess is an extremely horrible person inside-out. That's why she is being avoided like a leper in the entertainment industry. Here is someone who married and the marriage lasted three weeks!!!

Okay Baba Ijesha misbehaved but why did she have to ruin his life just to pay him back for jilting her?

Then she still had the audacity to come out and start portraying herself like the victim. In a sane environment she would have been behind bars too cause the girl's abuse was due to her negligence/neglect

Ruin his life? That's why Nigeria and most of the black race is the way.it is. We have little understanding of justice nor law and order. Same way these Nigerians will go to an embassy and be denied visa or go abroad and be stopped by a police man for breaking the speed limit ( punishable by an ordinary fine) and starting begging throwing away their dignity; thinking they are in Nigeria or dealing with Nigerian officials.

A man molested a child on video that everyone saw and people are attacking the person who exposed him.

If the industry is avoiding her, it's because that industry is composed of people with no morals nor the fear of God.

Shame on ANYONE who defends rapists and child molesters.

Tb222:
BREAKING NEWS: Baba Ijesha has just been sentenced to 16 years imprisonment, crime never pays,

.

16 years. Probably 4 years each on the 4 counts, all running at the same time.
Meaning he ll send 2 Years in jail.

Not sure until the judgement is released for us to read.

smile11s:
Like as if a common RCCG member can use it? It’s for the rich only biko.

Why can't a "common" RCCG member use it?

adecz:




What's the big deal about these images❓❓


I can only be wowed if the telescope
is able to show aliens or their spacecraft❗️❗️☹️

Black man. Black people

Wow. Africans enslaving Africans! And this happens a lot in Nigeria. People enslaving children as house helps. Making them work like slaves, sometimes even distant relatives from the village.

I still don't understand why after decades of home invasion, with the lady in this story saying one compound had been attacked 3 times; people don't cooperate and create a security plan including arming themselves with proper guns, as in well armed..
This their lives we are talking about.
If your neighbors won't cooperate, then move to another place.

SugarGirl44:
No I've not traveled on a plane, I've been using camel.

Sorry if i sounded insulting. People do travel across some Africanborders without passports

SugarGirl44:
Abeg there's nobody called a Nigerian.
Everybody has their ethnicity to own up to, naija is a false marriage.

I'm assuming you havnt yet traveled on a plane overseas or being to Europe, China or America; if you had, you ll quickly accept the fact that unless you declare yourself to be a Nigerian, no traveling for you

Asianjollof007:
"Lagos couple?" even when the evil deed is done by the hatred and bitterness filled tribe. Anything to paint lagos and the entire west bad.

Yes..are they not living in Lagos?.Maybe born in Lagos sef.
If you go start live for Owerri and base there, marry sef and do bad or win money, no be Owerri couple or Owerri based man dem go use describe you?

Chai Nigerians! This is 2022 nau

VeryWickedMan:
The video was released on a platform and uploaded by a traceable device

My guy. You are on to something