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Liberty Reserve founder arrested

Discussion in 'BlackHat Lounge' started by howard_hughes, May 29, 2013.

  1. howard_hughes

    howard_hughes Elite Member

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    charged in $6b laundering case :saevilw:

    source
     
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  2. lanbo

    lanbo Jr. VIP Jr. VIP Premium Member

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    Yup, looks like everyone's LR funds are locked up
     
  3. .:mAestro:.

    .:mAestro:. Regular Member

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    Unfortunately :( I had too much money there. But I blame only US government, because I believe those info they are putting in public are mostly lies.
     
  4. binaryking

    binaryking Regular Member

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    A lot of users use LR for legitimate reasons but in media, they said that LR is financed by child porn and cybercime.

    Oh America, from when did they rule the world?
     
  5. binaryking

    binaryking Regular Member

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    Sorry to hear..
    How much is in your LR account?
     
  6. .:mAestro:.

    .:mAestro:. Regular Member

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    I would prefer not to say exact number, but it's in thousands :(

    And yeah, that thing about media you said - it's always like that. They will never mention individuals who used that service for legit reasons and now lost their money for good.
     
  7. verilix

    verilix Jr. VIP Jr. VIP

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    I guess I'm lucky I use Paypal and Alertpay. But $6 billion? damn.
     
  8. zawad_karim

    zawad_karim Jr. VIP Jr. VIP Premium Member

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  9. bulkpvasale

    bulkpvasale Newbie

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    Oh No. Sorry to hear that...
     
  10. kuzmanin

    kuzmanin Regular Member

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    America is not right
    They cant steal money that way
     
  11. Moosey

    Moosey Senior Member

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    Unfortunately nobody plans to stop them, they keep getting away with shit like this all day long, then the media backs it up with their bullshit and the masses of sheeple BELIEVE IT. Been going on for decades.
     
  12. niroshana35

    niroshana35 Jr. VIP Jr. VIP Premium Member

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    Liberty reserve is well known to support illegal HYIPs (high yield investment program) ponzi scheme and there is no way to get your money back or request a refund with LR, when you get caught to a HYIP the result is you loose your hard earn money and that's from one view for others who earn VIA HYIPs it's golden online bank but that's not fair. I know this because I got caught to HYIPs and lost my money on the early 2010.
     
  13. extremeboy

    extremeboy Jr. VIP Jr. VIP

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    what a seize by US Government of MU and LR now im lucky i hate LR since years :d

    sorry for those who lost their money
     
  14. bryanon

    bryanon Executive VIP Premium Member

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    To all of those crying that their cash has now been lost forever, etc. - that's not the case at all.

    During the press conference on the whole thing, the public attorney dealing with the case made it clear that anybody who had legally obtained funds in their LR account were welcome to contact his office and that these funds would be disbursed.

    So if you did something dodgy, you can obviously say goodbye to your cash, but the innocent guys are very likely to get every penny back. It's not in the US government's power to confiscate all funds from all accounts because a portion (no matter how large) of the overall funds seized was illegitimately obtained.
     
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  15. RussianMarketing

    RussianMarketing BANNED BANNED

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    It's funny that big banks are too big to jail, because they would destabilize the entire system according to the government, but going after small "banks" like Liberty Reserve is ok. I read somewhere that 6b is less than one percent of what a big bank was laundering.
     
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  16. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    That 's bullshit. LR was like cash. Once you give it away, it 's gone. Transaction completed. Well, that 's the way it should work mate, that 's why we preferred LR over PP, where every scumbag "buyer" can charge back and keep the goods..

    Weren't you money "hard earned" when you were happily spending it away to HYIP and jizzing your pants with the thoughts of "future riches"?

    Oh, good. Just because you were stupid enough to get into HYIP, we should burn all the cash in the world just in case you get stupid again in the future.
     
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  17. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    a) I suppose contacting his office isn't simply sending an email - you 'll have to deal with a huge bureaucracy to prove about the legality of those funds, especially if non-US citizen.

    b) Even if you get credited the LR back, who 's going to exchange them for USD? :D
     
  18. bryanon

    bryanon Executive VIP Premium Member

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    I'm not too familiar with the US laws but on this side of the pond the burden of proof lies on the accuser, rather than on the accused, meaning that they would have to prove that your funds were obtained illegaly, not the other way around.

    That's a fair point, lol.