The U.S. government's move to shut down the alleged money laundering maintained by Liberty Reserve ( LR ) is not enough to cover its service . LR founder , Arthur Budovsky , was also arrested in this regard .
As reported by the Guardian ( 28/5 ) , arrest made in Spain , where Budovsky live . Together with Budovsky , also arrested a Russian citizen in Costa Rica for the same reasons .
Budovsky itself is a naturalized citizen of Costa Rica . Previously he was a U.S. citizen .
When it was changed citizenship , he later founded the Liberty Reserve ( LR ) as one of the dealer services money online . The Costa Rican chosen as a base because it does not have strict regulations regarding the development of online financial transactions service .
This is used as a platform for the LR users with illegal financial transactions , including money laundering of illicit goods . Moreover , the provisions of LR services that do not require the identity of authorized users also fertilize it .
Thus, LR was considered co-developed the online money laundering activities . Therefore , the service was closed unilaterally by the U.S. government and the court thereafter conducted .
Panic spread across the virtual world when news of the arrest of Arthur Budovsky Belanchuk , owner Liberty Reserve e - currency spreads .
Budovsky , 39 , were arrested on Friday in Spain related to alleged money laundering case ( money laundering ) which dealt with the police USA and Costa Rica .
Costa Rica police official said Budovsky Jose Pablo Gonzales , a former citizen of the USA and Costa Rica are now citizens of Ukrainian origin has been investigated by the police since 2011 in Costa Rica related to the case of its Money Laundering with Liberty Reserve .
Budovsky moved to Costa Rica since he indicated with his illegal financial business case on behalf of the company GoldAge Inc. on July 27, 2006 .
According to the Department of Justice USA , no traffic around $ 30 million in the form of digital money to the rest of the world since 2002. Budovsky and Kats ( co Budovsky ) was jailed for 5 years in 2007 because of the illegal financial cases . Then they get parole .
Officials did not say how much money there was in the entire Liberty Reserve account throughout the world today ( which is at risk ) , or how many customers all over the world are affected by the closure of the Reserve Libberty . But the amount is likely to be much larger than in the case GoldAge in 2007 .
Of several media such as twitter , facebook and other forums on the interet , many customers who were questioned about the case related to Liberty Reserve their money . Yyang highest value claimed by someone in one of the forums said that he had $ 50,000 that still settles in Liberty Reserve . ( ed : 50,000 x 10,000 = Rp 500,000,000 ) .
Neither officials nor the USA Costa rica no comment responding to the fate of thousands and even millions of customers Liberty Reserve and when they can get an answer . Newspaper Costa Rica , The Costa Rican reports that , Budovsky , Costa Rica one of the residents who are naturalized from Ukraine , was only a year ago took off his American citizenship Liberty Reserve when the investigation started .
In 2011 , financial authorities Costa Rica The Superintendency of Financial Institutions ( SUGEF ) has closed the company's Liberty Reserve , as the case of accounting transparency and corporate finance . But Budovsky remain operational melanutkan website , in collaboration with other companies , including Costa rica Silverhand Solutions and Technology S. A Worldwide E - Commerce Business S . A. , Grupo Lulu Limitada , Triton Group A and A , S. A. and Cyberfuel.com .
At the time of the closure order SUGEF provide Liberty Reserve , USA officials also asked Costa Rica to launch an investigation against Budovsky and his company . On Friday , San Jose officials searched the home and office Budovsky in Escazu and Santa Ana . Investigating officer found that Budovsky business in Costa Rica used to launder the proceeds of the business sale and purchase of child pornography and drugs .
Neither Liberty nor GoldAge resemblance Reserve system , allows a user or a customer opens an account with identity requirements are not too stringent . They are secured by the deposit of gold and other precious metals . Consumers can withdraw funds via bank transfer to bank anywhere in the world or with a check .
USA officials said that they are targeting other companies similar to Liberty Reserve and the Gold Age because companies such potential as a place for criminals laundering money buying and selling drugs and absentee taxes .
Liberty Reserve , which operate without any supervision of any institution is the most convenient means of payment for foreign currency brokers , enabling them to bypass local laws and currency fluctuations . Liberty Reserve is also the most popular payment instrument for the Multi Level Marketing industry world . But the convenience is also attracting the interest of criminal organizations .
To open a Liberty Reserve account , a user simply fill in your name , address , email address , date of birth and address .
Various reactions emerged from around the world . Nigeria, Malaysia and other countries .
On Saturday , other digital payment , Perfect Money , announced that they will no longer accept applications from citizens of the USA .
- > Other e-currency company , such as BitCoin , get ready to receive blessings Liberty Reserve advantage of this closure .
According cybercrime expert Brian Krebs , domain registration Liberty Reserve and some digital currency exchange sites leads to Shadowserver.org , an organization that combats global computer crime . One hacker said the closure of Liberty Reserve is one of the biggest events in the history of e - currency . Name Servers Liberty Reserve is now leading to ns1.sinkhole.shadowserver.org and ns2.sinkhole.shadowserver.org .
Other sites that point to the same server name , among others, millennia - finance.com , asiangold.com , exchangezone.com , moneycentralmarket.com and swiftexchanger.com
Kreb said that during this week shadowserver.org massive attack . Maybe it was done by the hackers who loses his money . Other customers worldwide expect answers and repeatedly checked Liberty Reserv site which currently contains the image below .
hope this article could be useful, as much as possible we should not believe what is considered safe in cyberspace .....
hope so material reflection for us all ....
