Liberty Reserve Owner Arrested. Liberty Reserve down for good?!

[King of Marketing]

Costa Rican arrested in Spain for alleged financial crimes

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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:

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

My LR funds is amounting to $1,500+ USD as far as i remember.
What the F$CK!!! What a miserable day today!!!

[HairyNed]

I lost over $2k when E-Gold got shut down for the same thing, so I never kept any big sums in my LR accounts.
I heard they got hacked yesterday too and lost over $150 million, or maybe that was just a way of getting everyone's money out and away from the feds? Either way no-one is going to see that money again!

[arkmayl7]

It have been seized by FBI and cybercrime security,check the whois domain servers..

Rest in peace LR 2002 - 2013

[Haunebu]

And I just wanted to fund my account,
- to send some monies for VIP :)

what do you recommend, what would be the next best option,
for anonymous online payments ?

[It'sOkayNow]

I am losing about $4 on LR..

[imtracker]

To Hell with them, they are running a big payment system like that and they can't find ethical HACKER that will be monitoring their network to prevent them from black hacker. d*** them. As for me, i don't keep any amount that i can't avoid with any payment system. Rest in peace my 100 buck$.
========Sent from CENT SEED======

[Mohanlal]

LR down for good , coz they wer always fishy .. My funds wer delayed once , and i wanted to call them over a week to get it on track .. that moment I stopped using them ..

The best is Payza now ..
Paypal is the biggest .. but they suck on FEES and terms !

[nextboyband]

Paypa suck us with Fee and secure term BUT they are SAFE. LR down ?? It was very shocking me. They are crazy,..fortunately i only have $5 buck on it. Thanks god... LOL

[Meltdown]

Lost $100 Shit.. hardcore earned money..

[Medow]

I lost over 700 USD.