Hi, NLers I have been unable to use my LR since yesterday, page load but no content. I decided to do a look up and i found this, could it be true. i Have 317LR in there, abeg o..


Costa Rican arrested in Spain for alleged financial crimes
Posted: Friday, May 24, 2013 - By L. Arias
Costa Rican authorities raided suspect´s home and offices in San José and Heredia.

Arthur Budovsky Belanchuk, 39, on Friday was arrested in Spain as part of a money laundering investigation performed jointly by police agencies in the United States and Costa Rica.

Costa Rican prosecutor José Pablo González said Budovsky, a Costa Rican citizen of Ukrainian origin, has been under investigation since 2011 for money laundering using a company he created in the country called Liberty Reserve.

Local investigations began after a request from a prosecutor’s office in New York. On Friday, San José prosecutors conducted raids in Budovsky's house and offices in Escazá, Santa Ana, southwest of San José, and in the province of Heredia, north of the capital.

Budovsky's businesses in Costa Rica apparently were financed by using money from child pornography websites and drug trafficking.

New York conviction

According to records from the U.S. Justice Department, on July 27, 2006, Budovsky and a partner identified as Vladimir Kats were indicted by the state of New York on charges of operating an illegal financial business, GoldAge Inc., from their Brooklyn apartments.

They had transmitted at least $30 million to digital currency accounts worldwide since beginning operations in 2002.

The digital currency exchange, GoldAge, received and transmitted $4 million between Jan. 1, 2006, and June 30, 2006, as part of the money laundering scheme.

Customers opened online GoldAge accounts with limited documentation of identity, then GoldAge purchased digital gold currency through those accounts; the defendants' fees sometimes exceeded $100,000.

Customers could choose their method of payment to GoldAge: wire remittances, cash deposits, postal money orders or checks.

Finally, the customers could withdraw the money by requesting wire transfers to accounts anywhere in the world or by having checks sent to any identified individual.

Budovsky and Kats were sentenced to five years in prison for engaging in the business of transmitting money without a license, a felony violation of state banking law, but got probation.


source: http://www.ticotimes.net/More-news/News-Briefs/Costa-Rican-arrested-in-Spain-for-alleged-financial-crimes_Friday-May-24-2013

I predicted this on nairaland, months ago

many peoples money don go be dat oooo

Its not that they defrauded people like you and I......they were simply making some heavy transactions without a proper license.

Besides, money laundering is dangerous for the financial health of a society.

Its not really a case as such.....they even got PROBATION.

Don't panic, our monies are intact!

ayobase: Its not that they defrauded people like you and I......they were simply making some heavy transactions without a proper license.

Besides, money laundering is dangerous for the financial health of a society.

Its not really a case as such.....they even got PROBATION.

Don't panic, our monies are intact!

the same was said about egold too,the money never came out till today

Site not loading. I hope this is resolved quickly.

i hope our monies are intact like someone just said.....

I have a little under $300 in there.


Mehn, we are really in a corner now,

no paypal, no moneybookers, no skrill.

And they just took LR AWAY.

Raiyo: i hope our monies are intact like someone just said.....

I have a little under $300 in there.


Mehn, we are really in a corner now,

no paypal, no moneybookers, no skrill.

And they just took LR AWAY.

no moneybookers?are u sure?

Hmmmmn

okosodo: I predicted this on nairaland, months ago

Show us link dated months back

Raiyo: i hope our monies are intact like someone just said.....

I have a little under $300 in there.


Mehn, we are really in a corner now,

no paypal, no moneybookers, no skrill.

And they just took LR AWAY.

Lol.. Moneybookers and Skrill are the same. If LR has actually been shut down, I'm afraid so many people will lose their had earned money. I know some friends who have thousands of dollars in their LR account.

am already saw a news about this issue from here http://www.multyinfotech.com/general-discussion/liberty-reserve-owner-arrested!-may-24-2013-(not-a-confirmed-news)

Let's just keep fingers cross and wait for genuine information

Nnaa make dem nor do o!..

It shall be well. Thank God i got just $1.17 in my account.

United States always misuse its power.They f**ked Iraq. And
now LR is f**ked. The millions of dollars seized from LR will finally go to US
banks.That's how US will overcome economic crisis.

This arrest is a huge blow for many businesses and individuals around the world. The website and currency system is currently offline, suggesting a government seize. A government seize of the funds could result in many customers of Liberty Reserve to lose huge sums of money. The logic in this arrest seems a bit flawed. If we are to use this logic with all currencies, most every currency would be shut down. With the potential loss of Liberty Reserve, criminals will simply move to different e-currencies. It's just unfortunate that, if legitimate, Budovsky will face criminal charges for the actions of others. Hopefully a fair trial is put into effect and legitimate customers of Liberty Reserve do not lose their funds

Lobatan!
I was trying to log into the site since yesterday,all to no avail. Now again, another disastrous news has exploded.
Owo ti sa si koto(money don run enter pit)!
Is there hope?¿..... I don't think so!

young-dude:
It shall be well. Thank God i got just $1.17 in my account.

make u no let people pounce on you oo
boyz no dey smile at all at all

From frying pan to fire.i have less than $2 so i am not really affected
i think its a temporary problem. egold was another story altogether.

!

Hi Guys, there is good news. You can now open a verified PAYPAL Account here in Nigeria with NO LIMITATION. I mean, u can operate a verified paypal account here in Nigeria without limitation. To know how, call GLORY at 08030648080.

All these online money brokers are like China products...they don't last

The house always WINS!!

ayobase: Its not that they defrauded people like you and I......they were simply making some heavy transactions without a proper license.


Don't panic, our monies are intact!

i do wonder... people go crying panic at the slightest ill news.

bet som have no right to live whatsoever.

even as sweet as life, it'z got no garantee let alone some virtual trading vault.

yet we fail to realise this. if you aint got the heart, dig a hole in the comfort of your bedroom and sink dem dolls down. and moth wud help yu still

luckily, there lies others means to transfer.

I was struggling to put my hard earned moni in there but to no avail thank god my account is $00.00
Sorry guys ur loss of money disappointment is a blessing...

splashbaby: All these online money brokers are like China products...they don't last

and never keep too much money in them for too long.
even bitcon is under serious investigation from the usa authorities.

Why now? Hope this is quickly resolved my e-currency,BABA God please o.

Glory86: Hi Guys, there is good news. You can now open a verified PAYPAL Account here in Nigeria with NO LIMITATION. I mean, u can operate a verified paypal account here in Nigeria without limitation. To know how, call GLORY at 08030648080.

Naija will not fall for this.....