Was Liberty Reserve killed because of illegal PORN? - GoFuckYourself.com

genoveze · 05-25-2013, 02:17 AM

Arthur Budovsky Belanchuk, 39, on Friday was arrested in Spain as part of a money laundering investigation performed jointly by police agencies in the United States and Costa Rica. (owner of Liberty Reserve)

Budovsky's businesses in Costa Rica apparently were financed by using money from child pornography websites and drug trafficking.

Budovsky and Kats were sentenced to five years in prison for engaging in the business of transmitting money without a license, a felony violation of state banking law, but got probation.

Full article here:
http://www.ticotimes.net/More-news/N...ay-May-24-2013

my guess is that they wanted to stop him because he accepted payment for illegal porn and illegal services in general, so they wanted to give a pause to the illegal activites, not his money laundering, what do you think?

Klen · 05-25-2013, 02:43 AM

Probaly,good move by authorities.

pimpmaster9000 · 05-25-2013, 03:20 AM

just as e-gold owner douglas jackson got slapped a few years back...

the problem with ecurrency is that all the criminals migrate to it sooner or later...

evocash-closed because of crime
1mdc - closed because of crime
liberty reserve- closed because of crime
webmoney -crippled and survives ONLY and i mean ONLY because its russian and putin likes it

bitcoins/litecoins with their "anon" (not really anon if you have to use an exchanger) aspect make it the holy grail for crime and eventually a piss easy target for the law...

seeandsee · 05-25-2013, 05:07 AM

What about BC?

AdultKing · 05-25-2013, 05:10 AM

Ukash need to take heed of this turn of events.

CAHEK · 05-25-2013, 06:20 AM

bitcoin is next and those ponzicoins

brassmonkey · 05-25-2013, 08:20 AM

Quote:

Originally Posted by genoveze

Arthur Budovsky Belanchuk, 39, on Friday was arrested in Spain as part of a money laundering investigation performed jointly by police agencies in the United States and Costa Rica. (owner of Liberty Reserve)

Budovsky's businesses in Costa Rica apparently were financed by using money from child pornography websites and drug trafficking.

Budovsky and Kats were sentenced to five years in prison for engaging in the business of transmitting money without a license, a felony violation of state banking law, but got probation.

Full article here:
http://www.ticotimes.net/More-news/N...ay-May-24-2013

my guess is that they wanted to stop him because he accepted payment for illegal porn and illegal services in general, so they wanted to give a pause to the illegal activites, not his money laundering, what do you think?

illegal porn???

genoveze · 05-25-2013, 08:39 AM

Quote:

Originally Posted by crucifissio

just as e-gold owner douglas jackson got slapped a few years back...

the problem with ecurrency is that all the criminals migrate to it sooner or later...

evocash-closed because of crime
1mdc - closed because of crime
liberty reserve- closed because of crime
webmoney -crippled and survives ONLY and i mean ONLY because its russian and putin likes it

bitcoins/litecoins with their "anon" (not really anon if you have to use an exchanger) aspect make it the holy grail for crime and eventually a piss easy target for the law...

Yeah bitcoin is used for selling illegal services and illegal products also, what do you think will happend to bitcoin? will the authorities close it or find a way to close it?
obviously its the next "dollar" for all illegal services.

adultmobile · 05-25-2013, 08:41 AM

Related: perfectmoney.com decided to no more register US citizens:
Dear Perfect Money Customers,
Due to changes in our policy we forbid new registrations from individuals or companies based in the United States of America. This includes US citizens residing overseas.

LR was mostly used for ponzi schemes, basically frauds:

MLM: http://en.wikipedia.org/wiki/Multi-level_marketing
Forex: http://en.wikipedia.org/wiki/Foreign_exchange_market
HYIP: http://en.wikipedia.org/wiki/High-yi...stment_program

And... illegal stuff for example buy stolen credit cards or drugs (witnessed it while tracking some carder of our cam site, followed in him into an irc channel where buying cards for lr).

It could be some of those who had LR accounts may switch to bitcoins, but it is too volatile for them perhaps. But if more like perfectmoney , egopay , solidtrustpay , okpay and whatever are shut down, really these guys may have to go bitcoin (or litecoin or whatevercoin). Still when buy or sell for dollars the exchangers can be closed.. they should do really a barter, things for bitcoins and bitcoins for things, with no any dollar in middle or in the process.

pimpmaster9000 · 05-25-2013, 09:13 AM

Quote:

Originally Posted by genoveze

Yeah bitcoin is used for selling illegal services and illegal products also, what do you think will happend to bitcoin? will the authorities close it or find a way to close it?
obviously its the next "dollar" for all illegal services.

all the liberty reserve scammers will now move to bitcoins...

bit coin will crash the moment the police hit mtgox...

then the LR and bitcoin scammers will move to litecoins...

and the cycle continues like locusts coming in for the feed...

adultmobile · 05-25-2013, 09:37 AM

Quote:

Originally Posted by crucifissio

and the cycle continues like locusts coming in for the feed...

Someone eat locusts too...

adultmobile · 05-26-2013, 04:43 PM

Sources from the US financial Authorities told GoogleFeed that the Losses of Liberty Reserve clients could be around 68 Million Dollars.

-> so bigger fiasco than Epassporte

genoveze · 05-26-2013, 11:15 PM

I had in epassporte, and even though they collapsed, I got my money back
they let me spend it, not cash it, I had to buy a lot of stuff I don't need

Fethard.biz on the other hand ...took away the money.

Captain Kawaii · 05-26-2013, 11:25 PM

Quote:

Originally Posted by crucifissio

all the liberty reserve scammers will now move to bitcoins...

bit coin will crash the moment the police hit mtgox...

then the LR and bitcoin scammers will move to litecoins...

and the cycle continues like locusts coming in for the feed...

Lots of search and seizures coming. Its good biz if you wear a FED black hat.

IRS, Treasury and FBI always follow, find, take the money.

rowan · 05-26-2013, 11:32 PM

Quote:

Originally Posted by genoveze

Yeah bitcoin is used for selling illegal services and illegal products also, what do you think will happend to bitcoin? will the authorities close it or find a way to close it?
obviously its the next "dollar" for all illegal services.

There's no way to "close" bitcoin or any of its dozen alt/clonecoins since they use a distributed P2P network of clients and miners. Shutting down exchanges could hurt the currency, but that doesn't stop people trading privately.

genoveze · 05-27-2013, 12:01 AM

bitcoin like currencies might also be a future threat for goverment controlled currencies,
I think bitcoin is an act of freedom, on the other hand with no real rules around it
it generates a lot of illegal services, I can't even begin how many.

Paul · 05-27-2013, 07:57 AM

Quote:

Originally Posted by rowan

There's no way to "close" bitcoin or any of its dozen alt/clonecoins since they use a distributed P2P network of clients and miners. Shutting down exchanges could hurt the currency, but that doesn't stop people trading privately.

It'll wipe 100s of millions off the current value of Bitcoins though, perhaps more

Mt Gox has proved themselves incompetent with the whole Dwolla fiasco anyway, people no longer trust them considering Mt Gox lied about being a money transmitting service.

Plus Mt Gox trade is down quite a lot in the past 2 weeks with the biggest increases going to Bitstamp & BTC-e. FYI you'd be an idiot to use Bitstamp, based in the EU in Slovenia, fake UK mailing address as their official business address and WHOIS privacy on their domain name, yeah that's trust worthy!

Between Bitstamp & BTC-e I'd choose the Russian one if I had to because at least they are not as likely to get shut down in the medium term

It's still playing Russian roulette though

Quote:

Originally Posted by crucifissio

bitcoins/litecoins with their "anon" (not really anon if you have to use an exchanger) aspect make it the holy grail for crime and eventually a piss easy target for the law...

It doesn't matter anymore if you're doing legitimate transactions with Bitcoin/Litecoin, you're just putting a big red target on your back considering the amount of criminal gangs who are using it for Drug trafficking & Money Laundering etc

helterskelter808 · 05-27-2013, 08:04 AM

Let's hope nobody starts using banknotes for illegal transactions.

Captain Kawaii · 05-27-2013, 12:12 PM

I read that Liberty was a target because of their involvement with child porn and drug trafficking. Its only a matter of time before it all caves in.

Danny Deepwood · 05-27-2013, 12:23 PM

Quote:

Originally Posted by helterskelter808

Let's hope nobody starts using banknotes for illegal transactions.

Glad somebody said it!

Also you guys talk like the current banking systems are totally legit. lol

Captain Kawaii · 05-27-2013, 01:07 PM

Quote:

Originally Posted by Danny Deepwood

Glad somebody said it!

Also you guys talk like the current banking systems are totally legit. lol

Legit? Hell fucking no. lol. In control? Yes. No one despises current system more than me.

05-25-2013, 02:17 AM	#1
genoveze Confirmed User Join Date: Jun 2003 Posts: 443	Was Liberty Reserve killed because of illegal PORN? Arthur Budovsky Belanchuk, 39, on Friday was arrested in Spain as part of a money laundering investigation performed jointly by police agencies in the United States and Costa Rica. (owner of Liberty Reserve) Budovsky's businesses in Costa Rica apparently were financed by using money from child pornography websites and drug trafficking. Budovsky and Kats were sentenced to five years in prison for engaging in the business of transmitting money without a license, a felony violation of state banking law, but got probation. Full article here: http://www.ticotimes.net/More-news/N...ay-May-24-2013 my guess is that they wanted to stop him because he accepted payment for illegal porn and illegal services in general, so they wanted to give a pause to the illegal activites, not his money laundering, what do you think? __________________ Dorian

05-25-2013, 05:07 AM	#4
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	What about BC? __________________ BUY MY SIG - 50$/Year Contact here

05-25-2013, 06:20 AM	#6
CAHEK C.C.C.P. Industry Role: Join Date: Aug 2003 Location: Novorossiya Posts: 6,819	bitcoin is next and those ponzicoins __________________ Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

05-25-2013, 08:41 AM	#9
adultmobile No, I am not banned Industry Role: Join Date: Nov 2003 Location: ChatGF.com Posts: 5,345	Related: perfectmoney.com decided to no more register US citizens: Dear Perfect Money Customers, Due to changes in our policy we forbid new registrations from individuals or companies based in the United States of America. This includes US citizens residing overseas. LR was mostly used for ponzi schemes, basically frauds: MLM: http://en.wikipedia.org/wiki/Multi-level_marketing Forex: http://en.wikipedia.org/wiki/Foreign_exchange_market HYIP: http://en.wikipedia.org/wiki/High-yi...stment_program And... illegal stuff for example buy stolen credit cards or drugs (witnessed it while tracking some carder of our cam site, followed in him into an irc channel where buying cards for lr). It could be some of those who had LR accounts may switch to bitcoins, but it is too volatile for them perhaps. But if more like perfectmoney , egopay , solidtrustpay , okpay and whatever are shut down, really these guys may have to go bitcoin (or litecoin or whatevercoin). Still when buy or sell for dollars the exchangers can be closed.. they should do really a barter, things for bitcoins and bitcoins for things, with no any dollar in middle or in the process. __________________ TubeCamGirl.com

05-26-2013, 04:43 PM	#12
adultmobile No, I am not banned Industry Role: Join Date: Nov 2003 Location: ChatGF.com Posts: 5,345	Sources from the US financial Authorities told GoogleFeed that the Losses of Liberty Reserve clients could be around 68 Million Dollars. -> so bigger fiasco than Epassporte __________________ TubeCamGirl.com

05-25-2013, 02:43 AM	#2
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Probaly,good move by authorities.

05-25-2013, 03:20 AM	#3
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	just as e-gold owner douglas jackson got slapped a few years back... the problem with ecurrency is that all the criminals migrate to it sooner or later... evocash-closed because of crime 1mdc - closed because of crime liberty reserve- closed because of crime webmoney -crippled and survives ONLY and i mean ONLY because its russian and putin likes it bitcoins/litecoins with their "anon" (not really anon if you have to use an exchanger) aspect make it the holy grail for crime and eventually a piss easy target for the law...

05-25-2013, 05:10 AM	#5
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	Ukash need to take heed of this turn of events.

05-26-2013, 11:15 PM	#13
genoveze Confirmed User Join Date: Jun 2003 Posts: 443	I had in epassporte, and even though they collapsed, I got my money back they let me spend it, not cash it, I had to buy a lot of stuff I don't need Fethard.biz on the other hand ...took away the money. __________________ Dorian

05-27-2013, 12:01 AM	#16
genoveze Confirmed User Join Date: Jun 2003 Posts: 443	bitcoin like currencies might also be a future threat for goverment controlled currencies, I think bitcoin is an act of freedom, on the other hand with no real rules around it it generates a lot of illegal services, I can't even begin how many. __________________ Dorian

05-27-2013, 08:04 AM	#18
helterskelter808 So Fucking Banned Industry Role: Join Date: Sep 2010 Posts: 3,405	Let's hope nobody starts using banknotes for illegal transactions.

05-27-2013, 12:12 PM	#19
Captain Kawaii So Fucking Banned Industry Role: Join Date: Oct 2007 Posts: 6,748	I read that Liberty was a target because of their involvement with child porn and drug trafficking. Its only a matter of time before it all caves in.