Liberty Reserve, Hub For Cybercrime Money, Shut Down By U.s. Government

[supashot]

U.S. authorities said on Tuesday they have shut down a Costa Rica-based money transfer company that allegedly provided a digital currency widely used around the world by cyber-criminals.

In a statement, officials said authorities in Spain, Costa Rica and New York arrested five people on Friday and seized bank accounts and Internet domains associated with the company, Liberty Reserve.

The digital currency is a transferable unit that can be exchanged for cash.

Along with the five arrests, prosecutors filed charges against two more company employees, who were still at large in Costa Rica.

According to an indictment filed in U.S. District Court for the Southern District of New York, "Liberty Reserve has emerged as one of the principal means by which cyber-criminals around the world distribute, store and launder the proceeds of their illegal activity."

http://www.huffingtonpost.com/2013/05/28/liberty-reserve-cybercrime_n_3346656.html

I hope that people cashed out....

[worgeordie]

Cannot have competition for the banks, some of who where doing

exactly the same thing, and they just paid a large fine and are still

open,

regards Worgeordie