Washington State Department of Financial Institutions

Consumer Alert

KraftPay Company – Not Located in Washington

February 3, 2006

KraftPay Company advertises on the internet, claiming to provide standard money transfer services and payment processing services to assist buyers and sellers at auction websites in the U.S. KraftPay Company is currently soliciting “agents” to work from home, where they receive payments, cash checks and money orders, and then resend the money using Western Union, Money Gram, or PayPal. This is a Payment Processing Scam Job Offer, which may involve money laundering activities.

The website lists an address at 371 Pike St., Seattle, WA 98101. The Washington State Department of Financial Institutions has confirmed that this is a fictitious address. KraftPay Company’s website also lists a toll free number linked to an answering machine that provides no identifying information. The website is registered with a Russian service, and the web host is located in Russia. KraftPay Company is not licensed with the Department of Financial Institutions as a Money Transmitter or a Check Casher or Seller. In addition, neither the Washington State Secretary of State nor the Washington State Department of Licensing show that KraftPay Company is authorized to do business in the State of Washington.

Victims should report their experiences to the Internet Fraud Complaint Center at www.ic3.gov.

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