How Psi-Pay Stole $100,000 From Me

& Thousands From Others… http://www.psi-payscam.com/ Do not trust Psi-Pay, Psiholdings, Ecopayz or Ecopay. They've scammed victims for hundreds of thousands. I am personally owed $100,000. Be careful doing business with these crooks! The

CURRENT TEAM

OLDER MANAGEMENT

PHIL DAVIES Managing Director

JOHN DAW

TONY DAVIS Finance Director CRAIG JAMES Director ALAN STUBBS Head of Compliance and Risk

PAUL TEMPLEMAN JOHN BRIGGS

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Alex Aleksandrovski E-mail: [email protected] Cellphone: (646) 401-1339

www.psi-payscam.com/ I, Alex Aleksandrovski, have been trying to pursue action against PsiPay Ltd (psi-holdings.com) to no avail. I want to be re-imbursed the $99,379 that has been illegally withheld from me since 2011. Under the name Quicktender (other names associated are Ecocard and Chargestream), they were seized and shutdown by the DOJ. However, they kept my balance and this money was not taken by the DOJ. A couple months after being shutdown, they sent this amount in the form of a bank wire, but this money was reversed and taken back. For the next few months I tried to provide them with different bank details, but getting in contact with them deemed impossible. In early December 2011, I was told I would not be seeing this money. Still, this company Psi-Pay Ltd is still doing business in the United Kingdom and includes companies such as Ecopayz. I am also not the only one affected by this fraud, as there a few other individuals with much smaller balances. I have attached numerous documents that give full details on this unfortunate situation. Also attached is the correspondence I had with John Daw trying to recover my money. Hopefully someone can help me resolve this issue. As a college student, this is life-changing money. I appreciate all and any time spent on this matter. If needed as a resource, this is a thread with over 1600 posts concerning this situation. There is countless information regarding the sequence of events covering Psi-Pay’s web of lies and deceitful actions by its managers. http://forumserver.twoplustwo.com/28/internet-poker/should-we-worryabout-usemywallet-umw-955228/

LIST OF OTHER VICTIMS TO PSI-PAY'S SCAM: (There are many more who have not sent me their info)

Joseph Polansky [email protected] $2900

a) Mike Wagner [email protected] b) 8515 Riverbirch Drive Apt 301 Charlotte, NC 28210 Address when this occured: 74 Steko Avenue Rochester, NY 14615 c) $1070 lost

Cyrus Partow $10,000 [email protected]

My info is: Dennis Blieden 10685 Creeknoll ct Cincinnati Ohio 45242 Lost $5,330

a) Name: Ajay Chabra b) Address: 216 Beacon St, Unit 3, Boston, MA, 02116, USA c) Amount lost, broken down into initial downpayment (if any) and lost credits: Between $1,000 and $1,100, can find the exact amount if you need. I didn't have a pending withdrawal that was seized by DOJ. It was "cleared" or something like that and was balance I had that they never paid me. d) The date of the first demand for payment: July 2011 name: damon london 2451 mango way del mar, ca 92014 Lost $2954.00 in UMW Email is [email protected] I don't have the other info you requested as I never made any demands for payment after their website vanished with my money. My name is James Phillips My address is: 428 Edgewood Dr. Jackson, MI 49201 The amount is $1949. I have a screen shot of my QT account somewhere but haven't been able to find it. Here are the important parts of a couple of emails from QT. Quote: We are writing with regard to the withdrawal you have submitted from your QuickTender account on (5/5/2011) under the MTCN number (2187745 #). We are pleased to confirm that the wire of 1949.00 has been sent from our account today, on (5/9/2011) according to the bank details you have registered in your Payment Options. Please expect the funds in 3-5 business days to reach your account.

Garson, Segal, Steinmetz, Fladgate LLP Robert Garson ! Thomas Segal ˆ Michael Steinmetz * Chris Fladgate °

Tel: +1 (212) 380-3623 Fax: +1 (347) 537-4540

Additional Bar Memberships ! England and Wales ˆ Paris * New Jersey & Patent Bar ° Victoria (Australia)

Email: [email protected]

THE OFFICE OF FAIR TRADING Enquiries and Reporting Centre Fleetbank House 2-6 Salsbury Square London EC4Y 8JX

1 August 2012

Re: Unlawful Conduct of ChargeStream, CEO John Daw, and other unnamed individuals Dear Sir or Madam, We write to report what may, upon investigation, prove to be systematic fraud on a massive scale. In July of 2011 our client, Alex Aleksandrovski, sought repayment of funds in the amount of $99,739 USD held by UK-based-company ChargeStream Ltd. The conduct of ChargeStream and its affiliate, PSI-Pay Ltd., in the months following Mr. Aleksandrovski’s initial request for disbursement have been nothing short of egregious. By placing arbitrary hurdles intended to stymie the process of reclaiming his money, ChargeStream has effectively stolen funds rightfully belonging to Mr. Aleksandrovski. Our own investigative efforts have revealed that the types of behavior exhibited by ChargeStream are not confined to this incident alone, and appear to have resulted in analogous withholdings and misappropriations of money (and/or credits and positive balances) from similarly situated online poker players around the world. One such hurdle was presented in the ChargeStream order that mandated any monies transacted be furnished into a Euro denominated account. At no point was this condition explicitly stated. Mr. Aleksandrovski’s first inclination was to simply abide by these adapted requirements to effectuate a swift conclusion to the matter. The dispersal of funds was to be transacted by payment processing institution, QuickTender. Mr. Aleksandrovski had previously maintained a working relationship with the institution. QuickTender was also known by trade name UseMyWallet. Upon initial request, the funds in question were placed in a QuickTender account (#1100585955) in Mr. Aleksadrovski’s name. Mr. Aleksandrovski proceeded by providing ChargeStream and QuickTender with the details of a bank account in Dubai where he intended the funds to be transferred.

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164 West 25th Street, Suite 11 R, New York, NY 10001 www.GS2Law.com

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On August 5, 2011, Mr. Aleksandrovski received an email confirmation from QuickTender stating in pertinent part that: Bank details have been accepted and the withdrawal request has been submitted by our operators from your QuickTender account… The payment converted into EUR will be processed by our operators within the time period of July 1st to August 15th. Please expect the funds to be received to your bank account not sooner than 3-5 business days after the status of your withdrawal has been changed to ‘confirmed’. On September 10, 2011, Mr. Aleksandrovski received an email from John Daw, Director and CEO of ChargeStream and PSI-Pay, respectively. The email stated that due to the fact that the information conveyed by Mr. Aleksandrovski correlated to an account held by his company, Best Way International Business Ltd., and was not a personal bank account, Chargestream had requested that QuickTender remit the funds. Knowing full well that QuickTender was in the process of ceasing operation in the UK, on October 17th, 2011 Daw had QuickTender withdraw the monies from Mr. Aleksandrovski’s account. John Daw then emailed Mr. Aleksandrovski asking for the Know Your Customer (KYC) information for his Best Way International Business Ltd. account. Relevant KYC information includes: certificate of incorporation, company constitution, official list of shareholders and directors, proof of identity for each shareholder and director, and proof of address for each shareholder. At no point during their correspondence did Daw explain to Mr. Aleksandrovski, who is not a British national, the pertinence of the KYC procedure. Because of the costs associated with obtaining such a breadth of sensitive information, Mr. Aleksandrovski requested that the funds instead be transferred to an account bearing his name in the United States. Daw informed our client of the inherent risk of sending money into a US account due to recent changes in legislation prohibiting online gambling, but stated he would do so were Mr. Aleksandrovski willing to assume all risk; he was. Although this was a personal account, Daw again pushed Aleksandrovski for KYC information. When transfers are made to personal accounts, KYC information is neither necessary, nor relevant, however all relevant identification had been provided prior. On October 26, 2011 Mr. Aleksandrovski again contacted Daw. Mr. Aleksandrovski posited that if Daw was unwilling to transfer the funds in question to the U.S., that the transaction could be processed into the personal, Euro denominated account of a family member in Russia. In accord with the conduct previously exhibited by Daw, evidencing a continued and systematic disregard for Mr. Aleksandrovski’s wishes, communication between the two parties effectively ceased.

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Unable to achieve his desired relief, Mr. Aleksandrovski engaged our firm to help obtain these ends. We initiated contact with Mr. Daw on the 27th of December 2011, informing him that we had been instructed to collect the debt owed to my client by QuickTender and the Psi-Pay Group of companies. Daw responded in turn on December 29th. In his reply, Daw made inflammatory comments with regards to Mr. Aleksandrovski’s Russian ancestry and advanced unfounded accusations concerning acts of deceit and duplicity on the part of Mr. Aleksandrovski. At no point did Daw address the arbitrary hurdles prohibiting our client from collecting the money rightfully belonging to him, nor did Daw see fit to suggest a course by which our client could pursue collection of the nearly One Hundred Thousand USD ($100,000) owed to him. Quite the contrary, Daw ignored the veracity of our contentions, and in subsequent messages chose to level attacks at the ability of the Financial Services Authority to effectively investigate the companies with which he was affiliated. As indicated by publically available documentation, it is actually John Daw and the PSI-Pay family of companies whose integrity is worthy of inquiry. While, during our dialogue, Mr. Daw asserted that there was no legal connection between ChargeStream and QuickTender, and that he was not aware where Mr. Aleksandrovski’s funds might be located, such claims have shown to be entirely insincere. The affairs of Daw, his business partners Paul Templeman and John Briggs, and the companies of which they are current or former directors and shareholders - PSI-Pay, ChargeStream, QuickTender, UseMyWallet, and EcoCard - present an interrelated web of deceit and manipulation. Mounting evidence suggests the complexities of this corporate hierarchy were implemented purposefully as a means to ensure the longevity of their illegal enterprises, and to insulate these named individuals from governmental reproach. A recent affidavit of the United States government has helped shed light on the nature and relation of these institutions. In the “Linwood Affidavit,” the Department of Justice (DOJ) set up a simulated processing company called “Linwood” (a.k.a. http://paymentprocessingsolutions.com/), going undercover to better understand how the payment processing industry operates. During the investigation, the DOJ seized a number of bank accounts, including one, number 0243058780, in the name of Chargestream Ltd. at ABN AMRO Bank NV located in the Netherlands. The affidavit indicates that ownership of the account belonged to both ChargeStream and EcoCard. EcoCard is the parent company of QuickTender/UseMyWallet, and EcoCard itself is a PSI-Pay Company. The coownership of this bank account is highly indicative of legal and fiduciary relationships between the two entities. The fact that the shareholders of these institutions are made up of primarily the same individuals is further illustrative of such a point.

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The acts perpetuated against Mr. Aleksandrovski are hardly isolated. A simple Internet search of “QuickTender” and/or “ChargeStream” reveals a nearly innumerable list of individuals seeking clarity and resolution in their dealings with Daw and his affiliates. As in the case of our client, many of these complaints address individual losses in the tens-of-thousands of dollars. As of the date this letter was drafted, Mr. Aleksandrovski’s funds are still being withheld. Daw contends that ChargeStream no longer has access to the funds in question and has since withdrawn from the money transfer business. Daw further states that to the best of his knowledge QuickTender has also ceased operation. PSI-Pay and EcoCard, however, are still operating. The history of companies run by the individuals in question suggests that new incarnations of ChargeStream and QuickTender are, at the very least, in the early stages of inception. Daw has continually refused to disclose the level of interests between these companies, has made false statements with regards to their relationships, and has perpetuated a process that makes the extraction of funds from within their system an impossibility. Given both the suspicion derived from public record mentioned herein and the preponderance of allegations being made by individuals across the globe, an investigation of PSI-Pay and its affiliates must be conducted. Alex Aleksandrovski’s $99,739, plus interest, and the countless other deposits of similarly affected individuals worldwide have not simply vanished into thin air. We anticipate your response shortly and if there is any further information required, please do not hesitate in making contact. Yours Sincerely,

Robert Garson, Esq. Managing Partner CC: [email protected]

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From: Subject: Date: To: Reply-To:

QuickTender Help Desk [#LIN-806792]: QuickTender: User Message August 5, 2011 10:48:10 AM EDT Alex aleksandrovski QuickTender Security

Dear Alex Aleksandrovski We are writing to confirm that your bank details have been accepted and the withdrawal request has been submitted by our operators from your QuickTender account. Please be so kind to review the details of your withdrawal request under section 'My QuickTender' and contact us if something is wrong. The payment converted into EUR will be processed by our operators within the time period July 1st and August 15th. Please expect the funds to be received to your bank account not sooner than 3-5 business days after the status of your withdrawal has been changed to 'confirmed'. Kind regards, QuickTender Team

From: John Daw Subject: Missing Payment Date: September 10, 2011 6:24:09 AM EDT To: Alex aleksandrovski

Dear Mr. Aleksandrovski, Please see the message that we have received from the bank regarding your recent payment. It would seem that the account number you provided relates to an account held in the name of Best Way International Business Ltd.

We have therefore requested that the transfer be returned to us, although we have yet to receive any confirmation that this has been done. Could you please inform us of the correct bank details for your account, or if in fact you wish to use the account held in the name of Best Way International Business Ltd, could you please provide us with KYC information on this company. Thank you for your assistance in this matter.

We have received the following reply on your below query/payment. Please read this message and reply to me today yet if possible, because I have to reply to our corresponding bank. {1:F01FTSBNL2RAXXX3346473657}{2:O1990045110908SCBLAEADBXXX04974409 811109080200N}{3:{108:UAINV8640-0609SN}}{4: :20:UAINV8640-0609SN :21:FTSPNL1124902014 :79:ATTN INVESTIGATION WE REFER TO YOUR MT195 DD 060911 UNDER ABOVE REF WE CONFIRM YOU THAT THE FUNDS HAS BEEN CREDITED FOR EUR 66798.73 DD 160811 UNDER REF IT02091108131176 TO CUSTOMER ACCT NO *******2201 ACCOUNT NAME BEST WAY INTERNATIONAL BUSINESS LTD.

. KINDLY CONFIRM WHETHER THE ACCOUNT IS CORRECT SINCE THE ACCOUNT NAME PROVIDED IN YOUR MT103 DOES NOT MATCH WITH OUR RECORDS AND ALSO PAYMENT HAS BEEN AUTO PROCESSED BY THE SYSTEM. . PLEASE REPLY QUOTING OUR FIELD 20 REF IN FIELD 21 OF YOUR FUTURE CORRESPONDENCE. REGARDS SCB DUBAI -}{5:{CHK:F626DFEEB2FD}{DLM:}{MAC:00000000}}{S:{SAC:}{COP:S}} Subject: Re: Missing Payment From: Alex aleksandrovski Date: September 12, 2011 11:46:59 AM EDT To: John Daw Ok thank you very much, I confirmed the payment. But why is there so much $$ missing its only 91k USD, no way the conversion rates are that high! Subject: URGENT Please Respond !! From: Alex aleksandrovski Date: October 17, 2011 3:05:13 PM EDT To: John Daw Hello, this transfer has been withdrawn from my bank account! What is going on? Hope to hear from you soon. Talked on the phone Subject: Re: Missing Payment From: Alex aleksandrovski Date: October 18, 2011 9:48:10 AM EDT To: John Daw Hello, can you please write out exactly what you need for this money to be sent to this account. Hoping for a quick response so I can relay this information by today, thanks. From: John Daw Subject: RE: Missing Payment Date: October 18, 2011 4:00:57 PM EDT To: Alex aleksandrovski Dear Alex,

Please could you provide the following documentation for Best Way International Business Ltd: Certificate of Incorporation Company Constitution Official list of Shareholders and Directors Proof of identity for each Shareholder and Director (e.g. Passport or Driving Licence) Proof of address for each shareholder (e.g. utility bill or bank statement) Once we have received this we will be able to resend the funds. Subject: Re: Missing Payment From: Alex aleksandrovski Date: October 21, 2011 5:24:09 PM EDT To: John Daw Hello again, can you guys send the payment to me to a US account. I don't see the problem with this because it's a business account and also on my name. This would solve all the trouble, because I haven't received this payment for over 5 months already and it's getting ridiculous by now. From: John Daw Subject: RE: Missing Payment Date: October 25, 2011 2:54:36 PM EDT To: Alex aleksandrovski Dear Alex,

If you can send us the bank details (and KYC if it is a limited company) then we can try sending you the payment - we have however had a number of payments to the US seized, so this is entirely at your own risk. From: Alex aleksandrovski Subject: Re: Missing Payment Date: October 26, 2011 1:19:59 PM EDT To: John Daw Thank you for the response, can I send details for a personal euro account in Russia that is not on my name?