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.

Review: Is Traffic Monsoon Legit Or Scam?

Operational since October 2014, Traffic Monsoon is another website working on ad clicks and revenue sharing concept. Since its inception, this website has created a lot of buzz by attracting many investors and wannabe freelancers. Many people question about its legitimacy and find mixed answers from different sources. So we took the plunge to put facts about Traffic Monsoon that whether is it legit or another ponzi scam? Keep on reading and find out if Traffic Monsoon legit or scam like many others.

What is Traffic Monsoon?

Traffic Monsoon is basically an ad platform giving you multiple options to serve different purposes. This website serves as advertising platform for different users and benefits advertisers, marketers and individuals seeking extra income off their internet surfing efforts.

One can use this platform to drive back traffic to a targeted website or sales page with its advertising services. Another way people can use this website is by referring others and bringing more users to join this site and get a referral commission.

Commencement:

Traffic Monsoon was initiated by Charles Scoville (He is founder of some other old Scam/closed websites) an internet marketer who previously owned couple of other PTC sites. This website is up and running since 2014 and doing good so far with multiple services it offers to users around the globe.

Services:

Traffic Monsoon offers multiple options for users and serve their purposes accordingly. Each service is described below!

Affiliate Program:

If you’re using, or planning to use, Traffic Monsoon as promoter then here’s the deal for you. Traffic Monsoon offers two types of referral commissions. Means you get 10% commission on every purchase people under your referral link make on the site. Another way you get paid off your promotional efforts is when your referrals click a paid link (PTC ad), you get 100% commission per clicked link. You just need to maintain 10 clicked ads ratio from your account and that’s it.

Cash Links:

The second way to make some cash from this site is through paid links. You can log into your account and start watching ads ranging from 5 seconds to 60 seconds. Each ad has different reward based on its duration.

Traffic Exchange:

If you’re an advertiser then you may utilize this platform to drive back traffic to your website or sales page. It offers banners and text ads on $0.25 per click that you can buy from your dashboard on that website using PayPal, SolidTrustPay or Payza.

Few Things About Owner:

Charles Scoville is Traffic Monsoon’s owner who owned couple of other PTC sites before launching it in 2014. If you visit his Facebook profile, you’ll find many names he started earlier and then they all disappeared gradually. InfinityBux, BuxUnleashed, Banrev and Trophy Bux are few of his ventures he started in different years and then closed them.

These all were live for few months and then suddenly disappeared from the scene. My question is if those websites were abandoned or closed down by the owner then how can you expect Traffic Monsoon to last for good? It’s working on same pattern like these websites were promoted. They attracted users and after a considerable timespan stopped working altogether.

Verdict:

Even though it has a lucrative concept and paying to many of its members. But it is not a trusted website to rely on because it generates revenue and pays existing members on new signups. This means it will pay for few more months until new people are joining this website. And once the signup ratio drops down, it will stop paying and fade away gradually like other PTC sites. So if you’re using this website, keep your eyes open and stay alert.

Update: Traffic Monsoon official website is down, its looks now scam.