PACNET – MILLIONS SOUGHT FROM VANCOUVER COMPANY ACCUSED OF PROCESSING MAIL FRAUD PAYMENTS

Yahoo News and CBC report on 16th February that, months after the US Treasury lifted a label placing Vancouver’s PacNet Services alongside some of the world’s most violent criminal organisations, the payments processor is facing a lawsuit from British Columbia’s Director of Civil Forfeiture.  The documents specifically cite an international scheme which saw victims send money to psychic ‘Maria Duval’ in exchange for promises of good fortune.  The lawsuit against PacNet, founder Rosanne Day and 5 other people is the latest twist in a situation that made international headlines in September 2016.  But last October 2017, the Treasury lifted the designation.  Paul Davis, the company’s general counsel, told an Isle of Man radio station that the business was “utterly destroyed”.  The director of civil forfeiture claims Day and the others have used unlawfully gained money to purchase properties in Vancouver, Gibsons, West Vancouver, Keats Island and Delta.

https://ca.news.yahoo.com/millions-sought-vancouver-company-accused-141500681.html

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20171004.aspx

https://www.treasury.gov/press-center/press-releases/Pages/jl5055.aspx

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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