Liberty Reserve Dead, Owner Arthur Budovsky Arrested? RSS - comments

As you have probably notices, the Liberty Reserve’s website has not been working for a couple of days. Since the users of this most popular payment processor have been wondering what is going on behind the curtains, money-monitor is there to shed some light on the problem.

First of all, what has to be said is that it’s not the first time such malfunction has appeared. However, usually a similar situation seemed planned, because LR had informed the users beforehand on its blog or, in instances when it was simply an unforeseen fault, such piece of information would appear in a matter of hours. What is different this time is that neither the website, nor the official blog – which, by the way, was not working properly for some time as well – provide us with any kind of update on the situation.

 

The domain, libertyreserve.com, is practically not even resolving DNS names into the IP addresses.

Here’s the up-to-date whois information:

Domain Name: libertyreserve.com

Created On: 2001-07-27

Expiration Date: 2018-07-27

Registered via: XS Global Trade & Service B.V.

Registrant Name: Allan Garcia

Registrant Organization: Liberty Reserve S.A.

Registrant Street: Edificio 4

Registrant City: Santa Ana

Registrant Postal Code: 1000

Registrant Country: cr

Registrant Phone: +506.88462868

Name Server: ns1.sinkhole.shadowserver.org

Name Server: ns2.sinkhole.shadowserver.org

 

As you can see, what we seem to have here is a major change of DNS servers from dynect.net to sinkhole.shadowserver.org. Furthermore, the owner of the shadowserver.org is The Shadowserver Foundation, which is known as an agency fighting cybercrime. Thus, the question remains, whether the FBI has taken over Liberty Reserve’s domain since such rumours were appearing each time LR failed to perform in the past. Why should it be anything more than gossip this time? Because as soon as LR’s website went down, the news coverage started suggesting that LR’s owner, Arthur Budovsky, was in fact arrested.

Libert Reserve Is Back and Introduces New Feature RSS - comments

Liberty ReserveWe are glad to inform you that Liberty Reserve is back on track and working. In addition to this, its staff introduced a new feature, funding via credit card, however, it is not available at the moment.

As of now, you can only apply for such an access since it is issued manually “at the discretion of [its] compliance team”. What's more, it gets even more exclusive because only “verified users that fit specified criteria” will be considered worthy to fund their accounts via their credit cards. In the long run, however, LR plans to open this option to “almost all COMPLETELY verified users that fit the criteria”.

In case you wanted to know more about this, you actually cannot – Liberty Reserve asks all the potentially interested members to restrain themselves from contacting LR to enquire more information. All you can do now is wait for LR to send you an e-mail confirmation to your registered e-mail “once this feature has been enabled in your account”.

News: Right5 add, LibertyReserve maintenance, JustBeenPaid to ProfitClicking RSS - comments

RightFiveHola mis amigos!

Another sunny week has passed and the sadness of the oncoming fall is coming our way. Yes, I'm going to start this week's newsletter with a weather announcement. I have been hearing recently that – for some reason – people are into the weather.

It's my understanding that weather presenters are... Wait, what's the word for it... “Hot”? And that's what makes people interested in such trivial things as blizzards, snowstorms and what not. If only money-monitor had its own weather/investment announcer in a tiny bikini, I think we will be in for a siege of new programs and members. No server could have handled such a storm...

Yes, I know what you're thinking – there was a hot weather announcer on our page last week and that's my lame way of telling you that a simple bikini was the reason for our technical problems. Don't worry, you did not miss anything. There was no scarcely clad lady on our page, we simply encountered some difficulties. Nothing hot, pure life, amigos. But we're back and everything should work as smoothly as ever. However, if you are a relatively new reader of our website (that is, you registered your account in May or later), please set up a new account – we apologize for the inconvenience, but unfortunately there is no other way.

Back to some good news: we added a new program last week and you might really like it.

NEW ADDITION: RIGHTfive

In my world the word “perfection” is not used very often. If you are even a somewhat regular reader of money-monitor reviews, you probably know this by now: I'm not exactly the easy-to-please type. However, “credit where credit's due” is one of my mottoes. Along with

“never mix beer and vodka” or “you should always look a gift horse in the mouth because it usually has a gun there”.

Anyway, let me ask you a question: have you ever got that feeling that someone must have literally been inside your head because what they did is just so incredibly similar to what you would have done? Or, if you were as vain and felt as self-important as I do right now, they have simply read all your reviews and got to know all your secret – and not-so-secret – pet peeves? It's an exciting moment for me, mis amigos, because that's how I'm feeling right now. With just a smudge of self-loathing for thinking so highly of myself. It's a vicious circle, really.

If you go to the RIGHTfive website, you will find a refreshingly appealing design that loads really fast. www.right5.com has all the necessary elements of a good page: a high usability factor, interesting content, and what I call a “ntk” policy. No unnecessarily boastful slogans about how great a company is and how innovative or smart or professional or whatever: "need to know" information only. There is also some decent writing in there: if they hired a copywriter, I applaud this decision. If they didn't, they should give a raise to the person who's doing it right now. An example? “Performance - when only the best is good enough” – nice, huh? Not overcomplicated, maybe not that sophisticated, but does the job. The only problem with the text is that it can also be found on metso.com. Let's hope it's just a coincidence for the guy's raise's sake...

rightfive review


Going through the intuitive RIGHTfive's page, you may notice that they are extremely well-prepared: there is a proper F.A.Q. section, a separate Investment Plan part, some corporate information can be found as well, and everything is neatly divided into logical categories. See, Other Pages? It really can be done! Unfortunately, due my old age and the fact that – since I have no life – I spend way too much time in front of the computer, the font is a little too delicate for my sage eyes. Still, I can read what's important: the company was registered in the Seychelles in December 2010, they are in the Forex Market business, thanks to BlockDos.net the website is protected against DDoS attacks, and they offer two investment plans.

You can be a Day or a Week Trader: a Day Trader must spend at least $20 and earns 5% daily for 30 days, while a Week Trader can earn up to 110% after 7 days with the same principal amount. You can have one account only, but five active investments at a time.

RightFive forum

There's no compounding option, the minimum amount to withdraw is $2; bear in mind, however, that you can make only one, noncancelable withdrawal request per day and payment processors (Solid Trust Pay, EgoPay, Liberty Reserve, Perfect Money). If you don't feel like a Day or Week Trader, you can always go into their affiliate program. In order to become a part of it, an account is a must, but you don't need to deposit any money. With RIGHTfive you get “5% commission of the deposited funds - each and every time”.
When it comes to setting up an account, it's pretty straightforward, but those with privacy issues will probably have, well, issues, since RIGHTfive requests your full name and date of birth (necessary in case you forget your password). Once you are logged in, you can also use their mobile phone verification, which should make your account more secure (not available to US member because of “carrier limitations”) and will come in handy in case you forget your security PIN number (those who do not activate mobile phone verification need to pay $1 in order to prove the ownership of their account).
As you can see, I don't go around screaming "perfection" without any apparent reason. If I did, I would be in a nice white padded room by now. To be clear, I do not say this about RIGHTfive's offer – that is to be judged by you, amigos – but about the execution: it's honestly pretty awesome. And to think that all it takes is just a simple, well-prepared and thought through website! Naturally, there are some areas that are in need of some tlc: one would be grateful for more information regarding RIGHTfive itself and the company Silkyway Holdings Inc. (all I could find, besides the Seychelles thing, is that their IP location is Providence, Utah), a phone number or a live chat would be a nice addition to their offer (the only support they have is an e-mail address: info@right5.com). However, given that rightfive.com is 55 days old (it was created on 2012-06-25), these are not deadly sins. At least they managed to open a Facebook and Twitter account by now, while so many programs seem to forget we live in the social media world now. At least those of us who have friends. Or are celebrity stalkers. Wait, isn't that the same thing? I keep on forgetting...

I hope you at least got the gist of the review. I know, I know, I shouldn't start the newsletter with a bikini mentioning, your concentration level probably does not exist by now. I won't make that mistake again, I promise. BIKINI! Ha, I got you, didn't I? OK, so here's what happened last week.

 

newGNi on Liberty Reserve situation RSS - comments

Because of the well-known by now Liberty Reserve problem, newGNi decided to “allow internal exchanges from LibertyReserve to PerfectMoney or SolidTrust Pay” so that the members will have “an alternative option to withdraw [their] proceeds to either SolidTrust Pay or PerfectMoney”.

One should bear two things in mind: this option is applicable to LibertyReserve transfers only and there are exchange fees to consider (as of now: LR to Perfect Money 7%, LR to SolidTrustPay 5%, but they may be changes “at anytime and without prior notice”). For those who have a pending LR withdrawal request and wish to exchange it: remember to cancel the request first. Those who prefer to wait for Liberty Reserve are free to do so – their requests will be processed “as soon as Liberty Reserve is operational”.

Liberty Reserve: Trouble in Paradise? Blocked account and maintenance mode RSS - comments

Liberty Reserve blockedHaving witnessed the latest Payza and EgoPay revolution, one has become more cautious towards any new developments when it comes to payment processors' policies as well as any changes regarding the payments, withdrawals and other essential matters.

Just recently, the word got around that the Costa Rica-based Liberty Reserve has started suspending random accounts. Those who use PayPal are usually accustomed to such inconveniences. However, provided that it was true, it would be a first for the Liberty Reserve customers. Seeing that there are more and more complaints, it prompts the question: is Liberty Reserve taking a new direction in their policy or is it a simple payment system error?


Some LR users have reported that they are getting messages such as "The account is locked by administration" and that the LR support team could not offer them any explanation besides asking the upset users to wait for a response from a proper department. One of the possible explanation would be that there has been some maintenance-related activity on LR website. Such notion may be further supported by the fact that as of now http://www.libertyreserve.com is "offline for maintenance". Nevertheless, while many LR users point out the randomness of the locked accounts occurrences, there are also those who claim that it happens to the “wealthier” LR customers more often. And that would provide everyone with an entirely different line of reasoning...


One could note, that – regardless of the reasoning behind the accounts' suspension – Liberty Reserve should address the issue formally and let all the interested parties know why the accounts are getting locked. Especially since more and more users complain that – despite waiting patiently, sometimes more than 24h – they did not receive any information as to why they have to wait in the first place.

CATEGORIES

Money Monito Chat

Money-Monitor CHAT

  • No offending
  • No spam (no referral link)
  • No flood

Advertising

Compare IP

Subscribe
Money Monitor

Login to your account

Forget password?
Back to Login
Money Monitor
I am a:

Sign up for Money-Monitor account to:

  • - set notifications
  • - send complaints
  • - send messages
  • - create portfolio
  • - send comments
  • - join to our chat

Subscribe for free for the last news from the online investment industry!

You will be the first to know about news, reviews, updates and contests.