What's New in Payments

SEC charges founder of former mobile payments unicorn Mozido with fraud

SEC charges fintech company founder with scheme to defraud investors and misappropriate funds — US Securities and Exchange Commission — “The Securities and Exchange Commission has charged Michael Liberty, the founder of the fintech startup now known as Mozido Inc, with a scheme to trick hundreds of investors into investing in his shell companies instead of Mozido. Liberty and his accomplices then allegedly stole most of the more than US$48m raised to fund a lavish lifestyle that included private jet flights, multi-million dollar residences, expensive cars, and movie production ventures.”






What's New in Payments

Mozido buys PayEase

Mobile payments platform provider Mozido has acquired Chinese cross-border payment gateway provider PayEase with the aim of introducing its mobile payments and retail marketing solutions into the Chinese market... More





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