LibertyReserve domain seized, owner and associates indicted! RSS - comments

As we announced and expected libertyreserve domain was seized by US goverment (oficially by the United States Global Illicit Financial Team.) This was only a matter of time when this happens.

Liberty Reserve, its founder and associates (Vladimir Kats) have been indicted in U.S. District Court of the Southern District of New York (Manhattan).

According to the indictment, Arthur Budovsky was using the aliases “Eric Paltz” and “Arthur Belanchuk,”, Vladimir Kats vel "Ragnar", Ahmed Yassine Abdelghani vel "Alex", Allan Esteban Hildago Jimenez vel "Allen Garcia", Azzeddine El Amine and Mark Marmilev, also known as "Marko".

According to the indictment LibertyReserve was managed by people who "intentionally created, structured. and operated Liberty Reserve as a criminal business venture, one designed to help criminals conduct illegal transactions and launer the proceeds of their crimes [...]".

The United States goverment has seized the Liberty Reserve domain name and five others: ExchangeZone.com; SwiftExchanger.com; MoneyCentralMarket.com; and Asianagold.com

Liberty Reserve and its cooperators are accused of such crimes “credit card fraud, identity theft, investment fraud, computer hacking, child pornography, and narcotics trafficking.”

According to the indictment between 2006 and May 2013, Liberty Reserve processed an estimated 55 million transactions and is believed “to have laundered more than $6 billion in criminal proceeds.”

Detailed documents:

http://www.justice.gov/usao/nys/pressreleases/May13/LibertyReserveetalDocuments.php

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