This is currently a very hot discussion on all money making and investment forums and message boards.
The biggest and most popular e-payment processor Liberty Reserve is down ”since the founder Arthur Budovsky was arrested in Spain”. Panic spread really fast on the internet because a lot of traders have used Liberty Reserve as their online wallets and for transfering money between brokers and companies. Will we ever see our money again and get it back from Liberty Reserve? This is the real question here.
U.S. officials have their eyes on companies like GoldAge and LR for years, saying they are involved in tax evasion, drug businesses, illegal porn and especially in money laundering.
It is unknown how much money Liberty Reserve accounts handled, nor how many clients were using LR. But we can all expect higher numbers than in the GoldAge case. No one knows what will happen to the funds in LR, honest traders, students, business owners, etc. had money in their e-wallets in Liberty Reserve with thoughts their money is safe and this changed dramatically on 24. May 2013 when the LR owner was arrested and the website shut down. Many people and business owners used Liberty Reserve for legitimate bussinesses all over the world.
What does that mean for brokers, companies, clients and everyone who had funds in Liberty Reserve? Some companies and clients had entire assets in LR and now they just can’t access it anymore.
Currently all users of LR were left with nothing except a blank page on the e-payment processors website. No reports, no explanation.
What now, is this the end? What is the truth about Liberty Reserve? Some are still hoping it’s just a long ddos attack. Let’s hope for the best outcome!
29.5.2013
Finally some news, if you go to LibertyReserve’s website you get a message from United States Global Illicit Financial Team about the domain seizure saying “This domain name has been seized by the previously mentioned organization in accordance with seizure warrant obtained by the United States Attorney’s Office for the Southern District of New York and issued pursuant for 18 U.S.C 982(a)(1) by the United States District Court for the Southern District of New York”.
