In an effort to shirk responsibility for paying back over $13 million dollars transferred through it by Payza, PaymentWorld USA has asserted it has no control or anything to do with PaymentWorld Limited (a Hong Kong company) or PaymentWorld LTD SRL (a Moldovan company).

In
the long-running saga
, The Zeek Rewards Receiver has sued PaymentWorld as single entity, claiming CEO Roman Balanko ‘
and PaymentWorld US had access to and control over the information and funds at issue
‘.

In response to the contempt proceedings, filed by PaymentWorld USA and supported by three declarations by CEO Roman Balanko, the company claims

the Receiver completely ignores the fact that Mr. Balanko controlled only PW-USA, and PW-USA did not have a contractual relationship of any kind with Victoriabank.

The receiver assumes that because PW-USA operated the payment gateway through which the merchant transactions were processed, that it must necessarily have also controlled the flow of those funds in and out of Victoriabank.

Nothing could be further from the truth, and to agree with such an assertion is to completely ignore the operational and corporate distinctions between PW-USA, PW-HK (Hong Kong) and PW-SRL (Moldova), as well as the entirely different functions that various entities in the credit card processing industry perform.

The distinction between PW-USA, PW-HK and PW-SRL is the primary basis for PW-USA’s claim its role ‘
in the processing arrangement by which Payza’s funds were transferred was specific and limited, and PW-USA was never in control over the actual transfer of funds in or out of any bank’.

Strangely enough, a document provided to BehindMLM directly contradicts PaymentWorld USA’s claims and suggests otherwise.

As per PaymentWorld USA’s June 14th filing;

PW-USA is a Californian member-managed limited liability company that was formed on April 27, 2010.

PW-USA is owned and controlled 50-50 by Roman Balanko and Faina Rozen. It has no unity of ownership or control with PW-SRL or PW-HK.

PW-HK was formed by Alexander Korkin, a Russian citizen and Moscovite.

PW-SRL is believed to have been formed by Vyacheslav Platon, a Moldovan resident and former majority shareholder of Victoriabank.

According to PaymentWorld USA, the roles the three PaymentWorld entities played in processing Zeek Rewards funds from Payza are as follows:

At no point in time does PW-USA either act as the bank, or control the movement of funds in or out of the bank. Instead, PW-USA works with the bank and the merchant, assisting the bank with risk monitoring and providing a monthly statement to the merchant.

PW-USA also staffs customer service desks to handle merchant inquiries and give the merchants ongoing technical support.

For these services PW-USA receives a fee from the bank on a monthly basis.

On or about November 18, 2010 PW-HK contracted with PW-USA to provide processing services to PW-HK for its international clients.

PW-USA and PW-HK operated as two distinct, i

🤖 Quick Answer

Did Roman Balanko claim control only over PaymentWorld USA?
Yes, in response to contempt proceedings, CEO Roman Balanko and PaymentWorld USA asserted that Balanko controlled exclusively PaymentWorld USA, which maintained no contractual relationship with Victoriabank, thereby attempting to distance the US entity from the $13 million transferred through Payza.

What was the Zeek Rewards Receiver's position regarding PaymentWorld entities?
The Receiver sued PaymentWorld as a single entity, asserting that CEO Roman Balanko and PaymentWorld USA possessed joint access to and control over the information and funds in question, treating the separate corporate entities as functionally integrated.

Why did PaymentWorld USA deny responsibility for transferred funds?
PaymentWorld USA claimed it had no control over or connection to PaymentWorld Limited (Hong Kong) and PaymentWorld LTD S

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