Thread: Liberty Reserve owner arrested, charged with money laundering, website offline

One extra note, Current law of Ukraine does not allow dual or multi citizenships.
So, becoming an US citizen Budovsky automatically lost his Ukrainian citizenship.

More than that, Budovsky's wife never even met him

“In a telephone interview on Tuesday, Budovsky’s Costa Rican wife told crhoy.com reporter Álvaro Sánchez (((hey, that was some good investigative work there Sr Sanchez, long live the Fourth Estate))) that she married Budovsky out of financial need. “An intermediary offered me ₡300,000 [$600], and I badly needed it in that moment,” Valerio told crhoy.com. “The guy who married us was a Gringo attorney, and the person I married I never saw.”

URL: The Liberty Reserve digital money-laundering case: reportage from Costa Rica | Beyond The Beyond | Wired.com

Originally Posted by littleroundman

You're entirely missing the point.

Budovsky was based in Costa Rica because it DOESN'T have an extradition treaty with the USA.

His being married to a Costa Rican citizen gave him automatic entitlement to remain in the country.

If the marriage is shown to be a sham, Costa Rica will deport him from the country, meaning he has no protection from being extradited

Budovsky also renounced his American citizenship and, by virtue of the marriage,apparently then became a Costa Rican citizen.

If that is the case and his Costa Rican citizenship is renounced, he then becomes stateless, which is a separate problem in itself.

According to the latest news reported there's at least 3 people involved in that "sham" marriage: the intermediary, Valerio and Budovsky.

The budovsky's intention with such marriage was very clear. What its not so clear is the intentions from the intermediary and from Valerio. Its obvious that both wanted the money but why would a 5 years old marriage be found only now?? I think such unkown intermediary got a lot of money with such crime and Costa Rican vultures also got their part. What will happen to them??

Originally Posted by Fgold

What will happen to them??

In the context of this discussion about Liberty Reserve, it doesn't matter what happens to them.

It is highly unlikely, IM(very)HO, what took place was anything more than another routine citizenship-by-sham-marriage situation and wasn't created specifically for Budovsky.

Such sham marriages are common in many countries, ESPECIALLY those without extradition treaties with the USA.

I must say this story is huge, even my girlfriend brought this up when she came home from work last night. It has obviously gathered mainstream press coverage, but I wonder how many folks will give a second thought to sending their money and id to some unknown payment processor who knows where?

Originally Posted by littleroundman

In the context of this discussion about Liberty Reserve, it doesn't matter what happens to them.

It is highly unlikely, IM(very)HO, what took place was anything more than another routine citizenship-by-sham-marriage situation and wasn't created specifically for Budovsky.

Such sham marriages are common in many countries, ESPECIALLY those without extradition treaties with the USA.

What happens to them most probably have a strong relationship with what happens to budovsky too. They were probably the ones who helped such vulture team to catch important info the LR closure process. Without their cooperation with authorities they wouldn't find some important info and might did that to get some privilegies. Its funny that vultures just want to suck those who have more $$$$

Originally Posted by ribshaw

I must say this story is huge, even my girlfriend brought this up when she came home from work last night. It has obviously gathered mainstream press coverage, but I wonder how many folks will give a second thought to sending their money and id to some unknown payment processor who knows where?

It got picked up because DOJ made a bit f***ing deal about it, so it got picked by by AP, Reuters, all the major news networks, then NPR and OnPoint with Tom Ashbrook.

And still the fallout continues:



Read the full article here on TicoTimes.net



Read the complete article on tuoitrnews.vn

Maybe when they have finished with Liberty Reserve, The DoJ will turn it's attention to Solid Trust Pay and Alert Pay.

And, if it hasn't been asked already ....where is Finix and her analysis of this major event in "the industry"?

Originally Posted by Fgold

Its funny that vultures just want to suck those who have more $$$$

Also funny that your favorite forum where you are head mod at is shut down(Gold-Age)....Pity your boss got indicted for running illegal exchange service....

Wonder what all those paid to post at TG will do now that ecardone is also gone??....Will have to find new rubbish to get paid few coins to talk up...

Originally Posted by okosh

Also funny that your favorite forum where you are head mod at is shut down(Gold-Age)....Pity your boss got indicted for running illegal exchange service....

LOL Gold-Age exchanger its old news and that happened about 7 years ago... The only relation between GA and LR is just the people involved but not the type of such businesses that were only considered as illegal/unlicensed just because US govs were furious and jealous of not getting any taxes from such activities... they don't care about bring wealth to their people or save them from frauds. They just stole milllions from innocent people(Yes not all LR users were hyip scammers!!) who were running fully licensed businesses like forex brokers who wanted to offer an alternative payment method to people from countries where payment solutions are very restricted and bureaucratic...

Originally Posted by okosh

Wonder what all those paid to post at TG will do now that ecardone is also gone??....Will have to find new rubbish to get paid few coins to talk up...

Despite of their seized domain they are not gone:

Dear clients,



Our domain was last night without justification disconnected. During today or tomorrow we will place our service to a new domain Dagensia.eu, corresponding to the name of our company. You can already log in to your account under this link: https://banking.dagensia.eu



We want to assure you that Dagensia Finance s.r.o. is a licensed and fully compliant company, and all client funds are deposited in insured and monitored bank accounts.



If you have any comments reply to this email.



Thank you



David Novak

Support Dagensia.eu

They will change to new domain and I think all other LR exchangers who were indicted will do the same....

Originally Posted by Fgold

Despite of their seized domain they are not gone:



They will change to new domain and I think all other LR exchangers who were indicted will do the same....

And stay beneath the radar? Their hopes of staying beneath the radar again are about as high as the proverbial "sky." Idiots who sign up for their services after this publicity may as well paint a target on their chests and invite Olympic level marksmen to have a shot.

...
David Novak

Support Dagensia.eu

Another Novak, heh.
Should we even bring the topic that MSB registration is required in every jurisdiction they serve clients in ? Just saying we are company and have a bank account is not enough.


About those so innocent forex brokers who used liberty reserve, did you look them up? almost every single one of them operated without a single license.
The point of that they used LR to reach more clients in other countries is stupid , those countries they tried to reach never licensed them for brokerage service, and some even declared illegal.

On another note, Perfect Money anonced they switching domain to ICELAND - PerfectMoney.IS
https://perfectmoney.com/news_view.html?id=344

Trying to hide from ICANN? heh.

9:00 AM on east coast.
FED Webmaster came to work and the eagles showing up on exchangers sites :)

Ecard one: http://ecardone.com/index.html
AlertExchanger: http://alertexchanger.com/index.html
WM Center: http://wm-center.com/index.html
EBuyGold: http://ebuygold.com/index.html

and more...

Originally Posted by path2prosperity

And stay beneath the radar? Their hopes of staying beneath the radar again are about as high as the proverbial "sky." Idiots who sign up for their services after this publicity may as well paint a target on their chests and invite Olympic level marksmen to have a shot.

Well not all of them used the same way to operate. The ones like the one I've mention above have nothing to worry about staying beneath the radar. Only those who made s*** care about it...

Originally Posted by NikSam

Another Novak, heh.
Should we even bring the topic that MSB registration is required in every jurisdiction they serve clients in ? Just saying we are company and have a bank account is not enough.


About those so innocent forex brokers who used liberty reserve, did you look them up? almost every single one of them operated without a single license.
The point of that they used LR to reach more clients in other countries is stupid , those countries they tried to reach never licensed them for brokerage service, and some even declared illegal.

They have all the requirements to operate in Czech Republic and I'm not sure if they accept US residents as most of their customers were from EU...

Mayzus broker is just one who offered LR payments and I don't think its unlicensed...

Originally Posted by NikSam

9:00 AM on east coast.
FED Webmaster came to work and the eagles showing up on exchangers sites :)

I think its better to call them as "vultures" because vulture's behaviour is the one who suits more what they are doing now...

Originally Posted by Fgold

I think its better to call them as "vultures" because vulture's behaviour is the one who suits more what they are doing now...

As if we humans are not good predators in our own right... At least predators and vultures are honest in what they are, and we're often... not so.

I heard a similar version, but found the quote.

Capture.JPG

I think FGold was referring to the actions of the US government as being those of "vultures"

It's a commonly pushed theory on the usual suspect HYIP ponzi forums that the whole Liberty Reserve thing was an illegal action by the US government.

This totally ignores the fact all of the countries involved have an interest in the prevention of money laundering, tax evasion, drug sales and child pornography and all of them are signatories to multiple treaties for doing so.

It is simply no longer possible for countries to be part of the international financial community WITHOUT taking steps to eliminate financial crime.

Originally Posted by kschang

As if we humans are not good predators in our own right... At least predators and vultures are honest in what they are, and we're often... not so.

Well in Wild life there's nothing like honesty or justice and the eco-system is ruled by natural laws. The "us gov vultures" manipulate the rules in "world markets" with a similar behaviour: They feed from dying or dead businesses (legal or not) leaving only some vital parts to grow later to get more profits in future... They're just waiting for PM and other illegal PPs to grow more and more and when it starts to stagnate or decline they feed again...

Originally Posted by Fgold

Well in Wild life there's nothing like honesty or justice and the eco-system is ruled by natural laws. The "us gov vultures" manipulate the rules in "world markets" with a similar behaviour: They feed from dying or dead businesses (legal or not) leaving only some vital parts to grow later to get more profits in future... They're just waiting for PM and other illegal PPs to grow more and more and when it starts to stagnate or decline they feed again...

Sounds like natural selection to me. :) Kill off the scams (the weak and corrupt), tax the healthy ones.

Originally Posted by Fgold

They have all the requirements to operate in Czech Republic ...

Maybe, than legally they can only serve Czech residents, UK for example never licensed them.. therefore serving UK residents is unauthorized.

Laws are there, in every country, accessible to public, the fact that some authority did not notice a violation or do not care about it - is still a violation.

Same applies to any broker who perhaps was able to squeeze a license from loose countries such as Cyprus or some banana island in Caribbean , they can not legally serve residents of other countries without being a licensed broker there,
use of LR in their case was to circumvent and hide their violations.