Electronic Payment Services, Inc.

Electronic Payment Services, Inc. Fraud

Don't Bear Internet Fraud

Electronic Payment Services Inc. screenshot.

Electronic Payment Services, Inc. is a very glossy and professional looking website, but it is nonetheless just another fraud site that is used to give a very convincing air of legitimacy to a spamvertized money mule job. The website contains a clear money mule solicitation and clear evidence that this website was set up recently, (the website domain epsworld.com was registered with ENOM, INC. (Rustelekom) on 06-may-2008), purely for the purposes of solicitation for money laundering purposes.

This fraud should not be confused with the many other companies of the same or similar name - the above website screenshot and the following fraud evidence refer to this company alone and no other.

Evidence of Criminal Fraud:

i) According to the Electronic Payment Services, Inc. website home page above: "For more than 12 years EPS, Inc. has adhered to the same business model that has become its corporate tradition" However, the criminal's domain epsworld.com was only registered with ENOM, INC. (Rustelekom) on 06-may-2008. Clear evidence of fraudulent misrepresentation.

ii) They also state in the screenshot above: "EPS, Inc. at the present time is an undisputed leader in the European, U.S., Canadian and Asian financial markets.". A Google search for the company shows several other EPS Incs but there is no trace of this fraudster which gives the lie to that grandiose claim. Clear evidence of fraud.

iii) The website carries the following clear 'money mule' criminal solicitation under the 'Careers' tab:

BP Financial Manager

Location: United States
Employment type: Part time
Vacancy code: EPS2810

The BP Financial Manager is responsible for fast and accurate processing and transfer of bank payments from our US clients to the regional office of EPS, Inc. This is a challenging and highly paid position.
The most part of the job can be done from your home or office. It will take you no more than 5 hours per week. This is a great opportunity for a candidate looking for an efficient trade-off between workload and compensation, such as senior citizens or self-employed individuals.

You will receive a 3% flat-rate commission from the gross amount of each transfer that is remitted into your designated account (for instance, if $20.000 is credited into your account, you will be retaining a commission of $600). We will be able to make 3 to 10 transfers per week. Your commission is available immediately, so there is no need to wait for the payroll check at the end of the month. You can expect to earn up to $150.000 per month at this position.

You will be receiving funds via the secure electronic Wire Transfer service used by major US banks for funds and securities settlement. This means that no funds will be deposited into your account unless the transaction is reviewed and confirmed by the remitting and recipient banks. Thus, there is no financial risk on your end.

Your core responsibility will be to receive the funds from our US investors into your designated bank account, reconcile the payments with your supervisor as required and transfer specified funds into our managed investment accounts. You will be in charge of contacting your bank in order to obtain transfer status information, confirmations and account activity reports, as well as handling daily communications with your bank. You should be able to perform your duties during regular business hours.
Once the funds are on your account, you will have to transfer them to one of our regional offices. The bank charge for the processing and transfer of funds is to be paid from the amount received.

You will be directly subordinated to your personal HR Manager, who will update you on the latest payments made.

NOTE: This position requires you having a business bank account, since it implies dealing with large money amounts.

REQUIREMENTS
• Must be 21 years or older
• Quickly respond to emails
• Be constantly reachable on the phone
• Have a business bank account
• Monitor your bank account everyday, in order to pass the funds to our office the soonest possible
• Have a clean record. Be legally trouble-free

EPS, Inc. concludes a contract with each new employee. We will also require a scanned copy of your ID and driver’s license to confirm your identity.

v) The wording makes it plain that the 'job' consists of receiving payments into your bank account, cashing them and transferring them out to these criminals less 3% for yourself. That is a crystal clear illegal money mule function and on its own defines the company without doubt as criminal and bogus and is clear evidence of criminal fraud.

vi) No legitimate company is going to advertise for this sort of illegal part time, 'work from home' money transfer position among the untrained, inexperienced and uncertified general population overseas. Clear proof of solicitation to commit illegal money laundering fraud.

vii) 'Contact Us' Details from website:

Electronic Payment Services, Inc.
110 Regent Street
London W1A 2AQ
United Kingdom
Tel: +44 (020) 8133 4835

As they claim to be London based in the spam below, I will deal only with the supposed UK location of 110 Regent Street, London, W1A 2AQ and the associated telephone number. A check on the UK postcode website (click on 'Find an Address' and enter the above postcode), shows that the postcode W1A 2AQ does not exist - it is fictitious - there is no such address as 110 Regent Street, London W1A 2AQ. The telephone number +44 (020) 8133 4835 is also fake - dialling it results in a 'number does not exist' message - unarguable evidence of criminal fraud.

viii) A webcheck shows that Electronic Payment Services, Inc. are not registered with the UK Companies House, and a similar webcheck shows that neither are they registered with the UK FSA, (Financial Services Authority), which they would have to be to be able to legally trade in the financial sector in the UK. Clear & absolutely irrefutable evidence of criminal fraud.

The Spam

Dear ....

We would like to invite you to work with our company in the capacity of BP Financial Manager of our company. Since 1995, EPS, Inc. has consistently focused on one ambition: to do the right thing for the people who trust us their financial security. We respond to succesfull candidates only. Our main goal is to help our clients to manage financial risks and to achieve financial security through our insurance and investment products. For now EPS Inc, has $4,1 billion in assets and almost 3000 employees that are currently working for us throughout the world including Japan and Australia. Learn more about EPS, Inc. http://epsworld.com/
REQUIREMENTS: Must have:
- a clean record. Be legally trouble-free
- a business bank account
- basic computer skills (for example, basic Miscrosoft Word skills)
- an access to the internet during the daytime
- a personal cell phone

You have to be:
- at least 21 year old, or older
- capable to check your bank account during the daytime, so you will be able to complete the transaction the soonest possible
- always reachable on the phone during the daytime (You will have to provide us your cell phone number)
- able to quickly respond to all emails coming from your personal HR Manager

EPS, Inc. concludes a contract with each new employee. After you sign a contract your personal HR Manager will contact you via email and guide you through the whole process beginning from your first day of the employment. He will gladly answer all questions you have and will always stay in touch with you via email. We will also require a scanned copy of your ID or driver Es license to confirm your identity.

Should I invest anything to start working with you? You will incur no expenses by starting to work with us. All expenditures that you may incur while performing your job will be covered by the company instantly.

What career growth can i expect being employed? Your will be able to receive a new post already after a year of being successful employed.

Will i receive any training? Instead of training you will be guided by your personal HR Manager during the whole process , who will update you on the latest payments made, and who will guide you via email during the whole process. After being employed for a year, you will be able to join our Career Development Program, which is fully described on our website.

What will be my duties? As a BP Financial Manager you will be responsible for fast and accurate funds processing and bank payments transfering from our clients within United States to the regional office of EPS, Inc. It won't take you more than 5 hours each week. You will be receiving funds via the secure electronic Wire Transfer service used by major US banks for funds and securities settlement. This means that no funds will be deposited into your account unless the transaction is reviewed and confirmed by both instances (the remitting and recipient banks). So, as you can see, there is no financial risk on your end. NOTE: This position requires you to own a business type bank account, since it implies dealing with large amounts of money.

A transfer is made, what happens next? When the transfer is going to be sent, you will receive an email from your personal HR Manager, in this email you will find all the details of the transaction.

How will i get paid? You will receive a 3% flat-rate commission from the sum of each coming transfer that is remitted into your designated account (for instance, if $20.000 is credited into your account, you will keep a commission of $600 to yourself). The approximate amount of transfers is 3 to 10 transfers per week. Your commission is available immediately, so there is no need to wait for the payroll check at the end of the month. In the long term you can expect to earn up to $150.000 per month at this position.

What benefits will I have as an employee of your company? All our employees have a two-week paid vacation twice a year. You will be able go on your first vacation after working with the company for three months. If you accept this offer, the catalogue of the services will be sent to your physical address by regular mail after three months of employment. Also after working for three months you will be able to receive lots of discount on almost all the services which our company offers. So, if you are going to accept this position, for example, in January - already in April all the discounts, which company can offer, will be avaible to you.

Find out more about this position http://epsworld.com/vacancy-bpm.html

Click to submit your resume http://epsworld.com/resume.php Position ID: EPS2810

Best regards,

Louise Curley HR Department of EPS, Inc. London, United Kingdom Email: curley.eps@gmail.com

Once again a crystal clear solicitation to commit money laundering fraud.

The above evidence clearly demonstrates beyond any doubt that the Electronic Payment Services, Inc. website has been set up very recently by money laundering criminals purely for the purpose of spamvertising an illegal money laundering 'mule' job. If you are an abuse team that has received an abuse report regarding these fraudsters, please consider immediate termination of their services in view of the absolutely undeniable evidence of criminal activity - please don't delay - these criminals will not respond to any communication from you, (all their whois data is false), but will simply take advantage of any attempt at communication as a delaying tactic to allow them time to carry on their criminal activity and prepare their next network.

Known Website Domains

eps-usa.net (Unhosted)
epsworld.com (Suspended)
eps-service.net (Inactive)

Registrar

ENOM, INC. (Rustelekom) 19-Mar-2008
ENOM, INC. (Rustelekom) 06-May-2008
BIZCN.COM, INC. 06-Jun-2008

Network Data

(Valid for domain epsworld.com, eps-service.net)

Looking up at the 2 eps-service.net parent servers:

Server	Response
ns3.arns.cc [190.183.63.103]	190.183.63.104
ns4.arns.cc [190.183.63.104]	190.183.63.104

The criminal's host is listed as OutServices - 190.183.63.104

Fraud Log

25th. May 2008
Webpage created

28th. May 2008 - Site contact reports Rustelekom have suspended the criminal's domain epsworld.com. No known active domains for this fraud - if you know of any please let me know, thank you.

***Latest News*** 3rd. July 2008
New domain reported by site contact - eps-service.net (BIZCN.COM, INC.) hosted on the above network.

13-Feb-2009 Fraud inactive - consigned to archive. Please notify me of any known active domains for this criminal