GreenZap was an online buying and spending account service that claimed to compete with PayPal.
| Industry | Finance |
|---|---|
Key people | Damon Westmoreland |
| Website | http://www.greenzap.com/ |
History
editGreenZap launched on April 2, 2005 and allowed members to send and receive money online, through their email address. The ultimate beneficial owner of GreenZap was reported to be Damon Westmoreland, who was reportedly associated with ThePayline.com,[1] a widespread Internet financial pyramid.[2] Another report stated that the ownership of GreenZap was unclear because the company was not registered to do business in California, where its mailing address was located in a postal box within a grocery store, and because the company's official phone number was a mobile phone.[3]
Current status
editAs of December 2010, the site is no longer operational.
References
edit- ^ Platinax, Greenzap claims it's not a scam, Feb 14, 2007
- ^ security.itworld.com, Postal authorities seize ThePayLine.com cash flow Archived 2007-02-16 at the Wayback Machine, April 2, 2001
- ^ Yahoo! News, Free money? We think not, October 14, 2006