According to the WikiPedia they lost 1 million USD of clients funds, they are plain stupid and don't know how to handle a money transaction business.
I advice everyone which is just thinking of using them to find another solution... it is a big no go.
Find more about this New York County District Attorney's Office
I advice everyone which is just thinking of using them to find another solution... it is a big no go.
Find more about this New York County District Attorney's Office
Liberty Reserve has no office. The address of LR is fake | Ecommerce Journal-more about virtual economy|e-commerce and money news|articles|forex and stocks news|banks|investment|gamblingThe indictment charges that the defendants operated an illegal money
transmittal business that received and transmitted $4 million between
January 1, 2006 and June 30, 2006. The investigation leading to
today’s indictment determined that GOLDAGE (GoldAge - The Busiest Forum about EuroGoldCash, Liberty Reserve, Forex and HYIP Investments!)
was set up by BUDOVSKY and KATS in 2002, and at least $30 million was
illegally transmitted to accounts worldwide since the start of the
defendants’ illegal activities. BUDOVSKY and KATS allowed individuals