What Happened to Liberty Reserve and your Money ?

We are all wonder, what happened with Liberty Reserve, they got hacked, any legal action taken by Government. well let me clear there is still not any official news from Liberty Reserve or any most reliable source. Over internet every one have different views, some people thinking that Liberty Reserve is hacked, some said its taken down by government and few believe that  LR scam now.

Its not the first time that Liberty reserve is down, its happened lot of times before with or with out official announcements. In 2012 even their website was down for more than 7 days.

Will Liberty Reserve shut Down forever ?

I have some friends on different community forums, one of them is very active in Payment Processing or E-money exchange stuff. He next have some contacts in Spain and Costa Rica. So from his friends he confirmed that, The news about an arrest of LR owner and the guy involved running LR, was confirmed through local print media.  So the news is real people. Still its not official and not fully verified.

Its also true that USA Government have eyes on on different payment processors and  LR is on the list. Because these payment processors or not under MSP (Money

Service Provider) Status, So transactions done with these companies may consider as Money Laundering.

Well its Saturday and tomorrow is Sunday, So many companies are closed on weekends, I suggest you all to wait till Monday for confirm news and real story behind this.

Future of Liberty Reserve ?

At the moment we can not predict any thing, until we know true story behind this issue. Nobody knows, Will it be allowed to get back online but with new rules ? Will LR officials hire good lawyers and get back online ?
They might get back online but block most accounts or hold majority of accounts and leave some open ? Who knows.

I don’t know Whether LR is gone for good or not but the thing i know is that I will lost up to $4000 (4 lac Rs) and lot of business. Of course not only me but millions of other users and exchanger may loss millions of dollars and think nobody can make any claims otherwise unless they have a time machine.


Internet world is crazy, any thing can be happened any time for any reason.

– Rais Zada

Well future of Liberty Reserve looks dark now, If LR manages to get back online than many user will be using it to get their money out and may stop using it. Perfect Money runs similar to LR and is targeted next. It is the most bad news in 2013.

26-05-2013: Recent update on Liberty Reserve situation

Last day I reported about the recent governmental crackdown on the Liberty Reserve, Today I confirm from different reliable resources that the News about the arrest of the people behind Liberty Reserve is True.

In 2011, Costa Rica’s financial regulatory authority, the Financial Institution Superintendency (SUGEF), closed Liberty Reserve, citing a lack of transparency and accounting of funding sources, However, Budovsky continued operating the company.

Police or related authorities arrested Liberty Reserve owner and seized computers, phones and documents from his home and office. I wonder if they start world wide arrests, as now they have database and all details of LR users.

Everyone (Specially members from USA) who was involved with HYIPs, Ponzi Scheme and other criminal online activity should start to seriously worry now.

This is the news that came up with the video (thanks to donothingmoney for translation):

This condominium (the one seen on the video) located in Santa Ana has been part of a series of raids that were conducted by the “OIJ” money laundering division in conjuction with the D.A. against organized crime.

The diligence was conducted in Spain after a man by the name of Arthur Budovsky with Costa Rican nationality was arrested.

Him and another ten person are being investigated for multinational electronic fraud in the range of several millions of dollars, the investigation was on going since 2011.

In Costa Rica servers, documents, computers and telephones were seized. On top of that vehicles Roll Royce and Jaguar valued at a bit less than half of million us dollars.

… The case remains open in Costa Rica and the assistance of the United States has been requested. In this case it was the United Sates who asked to international collaboration to do these raids.

Officials have not commented on how much money Liberty Reserve accounts handled, nor how many clients are affected by its closing.

Withdraw Money from WebMoney (WMZ) in Pakistan

There are many companies which pay via WebMoney Payment Processor and you can not easily withdraw your money from WebMoney in Pakistan. So, to withdraw webmoney funds you need exchange service to convert WMZ to PKR. Our sister company Pay Exchanger offer buy and sell service for WebMoney in Pakistan.

What is WebMoney and WMZ

WebMoney is a web based payment processor operating from Russia since 1998 and WMZ is purse for USD currency. They supports several types of Purses for different currencies but we will be dealing only in WMZ for  USD Currency.

Sell WebMoney in Pakistan

If you have earned WMZ dollars from some company, website or received payment from Forex broker and willing to cash out than we can help you out. Process is simple, you need to Submit sell order online at Pay Exchanger.

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Buy WebMoney in Pakistan

To Deposit money in webmoney you will need to use some exchange service. Well if you need to buy some thing or need WMZ dollars, you can use our service to buy WebMoney in Pakistan. Submit buy order on our other website mentioned above and Transfer/Deposit payment to our Bank Account in PKR or pay cash in our office. After payment confirmation we can add funds to your WebMoney Account. we only accept PKR or Perfect Money for buying orders.

What is the rate and Procedure ?

Rate for buy or sell  WebMoney dollars are given on our website.

Submit order on https://www.payexchanger.com/

FAQ about WebMoney Exchange

Q: How I will get my Payment from you  ?

A: You can get Payment via any Local Bank Account, EasyPasa, Omni or via Allied Bank with out Account or from office if you are from Lahore.

Q: Minimum amount to Exchange ?

A: You can withdraw or deposit as low as $10.

Q: How much time you take to exchange our money or when I will get my payment ?

A: Its basically depends on current pending requests, normally it takes from 1 to 12 Hours.

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SEE ALSO: How to Withdraw Money from Amazon to Payoneer Card

Benefits of Payoneer Prepaid Master Card






Well you may be thinking why you need to have a Payoneer card if you already have Skrill, PayPal and Payza accounts. Well Payoneer help me to reduce fee and make payments available to withdraw fast as compared to payment processors. Like If you get paid to Skrill it means you will be charged fee two times, Once you will receive payment in your Payment processor account and than withdraw fee when you will move money to your bank account. So Payoneer will help to

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Video Tutorial: How to Order Payoneer  Debit Card


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If you have any question feel free to ask in comment section and don’t send SMS or Call on my mobile for Questions. Don’t be selfish, Share this great offer with your friends.

How to Withdraw Money From Amazon with Payoneer

Yes you read it right, Its a great news for Payoneer users and if you are not a Payoneer Card Holder than Just Order your Free Payoneer Debit Card Now. They recently announce their new collaboration with Amazon. So If you’re an Amazon seller or Amazon Affiliate you can now receive payments directly from Amazon to your Payoneer card or local bank account.

Withdraw Money from Amazon Using Payoneer

I’m not sure about Amazon seller but I know some Amazon affiliate specially from Pakistan, India and from some other countries are not comfortable with Amazon withdraw options, as Bank Transfer or Check withdrawals take some time. So Payoneer solved this issue, now your money will be available quickly to withdraw on ATM any where in the world. You can withdraw money from Amazon to Payoneer card or to local Bank easily.

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Procedure for withdraw from Amazon to Payoneer Card

3- Now you will have money in your card, So feel free to withdraw your earnings on any ATMTransfer to Local bank account or use your Payoneer card in for online payments or in stores.

How to Link Payoneer with Amazon ?

Its quite simple, as I am Amazon affiliate so I can show you method for that, I hope it will be almost same for Amazon sellers too. Well follow these steps in order to Link Payoneer with Amazon.

1- First step is to login to your amazon affiliate Account and go to Account settings. Here you find Change Payment Method under Payment information.

Amazon Affiliate Account Settings Page


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