Meehnnn... I still dont want to believe this is a permanent shutdown, cos i just received huge sum of cash with it less that a week now.. It better not be ooo.. cos man go mad o

It seems perfectmoney.com is an alternative... But, damn i'm expecting $450 in my LR account in 8 days time... Menh... I hope they resume business before then... I just hope.

These e money stuffs. Why cant we all embrace direct banking and shun the e money tins! Why?

Something always happens to them one way or the other, just a matter of time. Other e money stuffs may follow with time.

hmm

D3xt3r: 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 personally do not trust what i do not see with my eyes, i do not trust 100% regulated paypal talk more of liberty reserve. I lost only about 43 cents when they went down because i never allowed my money to be there.

They are completely unregulated.......Any time u wan dine with devil, U suppose commot your long spoon.

US prosecutes '$6bn money-laundering hub'
Domain seizure Liberty Reserve's web domains were seized during the raids
Continue reading the main story
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The Liberty Reserve digital money service that was shut down laundered more than $6bn (£4bn) in criminal cash, US authorities have said.

Weekend police raids in 17 countries scooped up Liberty Reserve's owners, operators and its computer hardware.

The Department of Justice said it was the "largest international money-laundering prosecution in history".

Liberty had about a million users and processed more than 55 million illegal transactions, said DoJ court papers.
Cash transfer

The documents allege that seven people involved in running Liberty Reserve set up the digital cash service as a "criminal business venture" designed specifically to "help criminals conduct illegal transactions and launder the proceeds of their crimes".

The raids in the US, Spain, Costa Rica and other countries led to the arrests of five of Liberty Reserve's principals, including its founder Arthur Budovsky.

US Attorney Preet Bharara: "Liberty Reserve was intentionally created and structured to facilitate criminal activity"

The service's operators will face charges of money laundering and operation of an unlicensed money transmission system. Also arrested were many of the principal operators of exchanges that fed cash to Liberty for distribution to members of criminal gangs or as the start of the laundering process.

The raids also garnered servers supporting the service and allowed the DoJ to seize the web domains through which the service was run.

Behind the scenes, data traffic for the sites from regular customers was directed to a series of virtual traps, known as sinkholes, that log information about who is trying to use the service.

In addition, it said, 45 bank accounts used by the service have been seized and action has been taken to take over the assets of 35 other sites that fed funds to Liberty Reserve for laundering.

Some details about the scale of the Liberty Reserve operation came to light in court documents unsealed by the New York office of the DoJ, which is leading the action against the service.

The digital money scheme run through the service was one of the world's largest, the DoJ said, and handled $6bn over the seven years it was in operation.

Liberty Reserve was so successful that it became a "financial hub of the cyber crime world", whose users were involved in credit card theft, investment fraud, hacking, child pornography and drug trafficking.

The shutdown has caused problems for legitimate users of Liberty Reserve, said Mitchell Rossetti, head of the EPay Tarjeta service that piggy-backed on LR.

"Thousands upon thousands of LR users are not nor have been involved in illegal activities," he said, "but now have become victims through the closure and seizure of LR."

"We seem to be acceptable collateral damage," he said. "We have committed no crime and want our funds returned to us."

choi. my $5 dey dia ooo.


na dt yeye VPN cause dis rubbish. that money go hook una throat ooo

4llerbuntu: choi. my $5 dey dia ooo.


na dt yeye VPN cause dis rubbish. that money go hook una throat ooo

lol....God catch you!

Well I thank God, What i do, is once i receive interest on my FX account i sell it off to Naira4Dolla. I think this shut down will affect a lot of Money exchangers in Naija. Chai sorry my brothers. But its going to make online trading difficult for we africans.

ABEG NO TIME TO CRY OVER SPILT MILK..
LIFE MUST GO ON..
HOW MUCH BE PERFECT MONEY NOW PER DOLLAR?

Ȋ̝̊̅ bought it 180 per dollar

jeff1980: Ȋ̝̊̅ bought it 180 per dollar

yeah i am hearing the same thing on the streets.. 180

Get the Etisalat magic sim settings which you can use to browse and download unlimitedly both on phone and PC.You can also use it to ping on your Blackberry phone,take note when you are configuring the etisalat magic sim settings you don't need to subscribe for any etisalat BIS plan. so it does not involve using BIS as many people thought. Airtel unlimited gigabyte is also available so if you need it send your request to my email maxibrainz55@gmail.com

Pls do u know any body thats sells perfect money?

CLASSMAN: Pls do u know any body thats sells perfect money?

U̲̅ can contact M̶̲̥̅ε̲̣̣̣̥ on mathlaw1000atyahoo.com

Has anyone checked the websites of Nigerian dealers of LR e.g. e-naira.com & instantgoldng.com?

A guy recently hacked my LR account to steal my 28dollars plus. I very much hope he has so much LR in his account, and I just wish he could have a heart attack for such money going down the drain.

I'm using payza formerly known as alertpay. It's secured

buy perfect money (PM) @ 188 per dollar, call 08025988343.
Azu

Gone for good