Liberty Reserve down?

[cryptoanarchist]

Am I the only one getting this message when I try to login?:

Liberty Reseve service is undergoing scheduled maintenance.

Please try to visit again in a couple of hours.

We apologize for the inconvenience.

It's been like that for two days now and I need to move some money around.

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[FractalUniverse]

I can log in into my account. no problems at all

[cryptoanarchist]

Thanks. I had a feeling something fishy was going on.

Turns out they updated their server and google chrome isn't running the new script right. I switched to IE and its working on that crappy browser.

[rizzn]

Thanks. I had a feeling something fishy was going on.

Turns out they updated their server and google chrome isn't running the new script right. I switched to IE and its working on that crappy browser.

Meh. I've tried three times to get an account with LR. They never send the confirmation email, and emails to support are never answered. I know many people swear by them, but I wouldn't touch them with a ten foot pole at this point.

[Fireball]

Meh. I've tried three times to get an account with LR. They never send the confirmation email, and emails to support are never answered.

Did you check your "Spam" folder or the anti-spam filter?

[rizzn]

Meh. I've tried three times to get an account with LR. They never send the confirmation email, and emails to support are never answered.

Did you check your "Spam" folder or the anti-spam filter?

Yeah. Spam, trash, watched it all like a hawk. Even tried again disabling all my mail filters for an hour. No luck. Problem's not with my inbox.

[cryptoanarchist]

Keeps getting weirder. Now I can't get to any page on their site except through proxy.

[stash]

LR down again,

thing behaving more worst as an article from this site :

Costa Rican arrested in Spain for alleged financial crimes

http://www.ticotimes.net/More-news/News-Briefs/Costa-Rican-arrested-in-Spain-for-alleged-financial-crimes_Friday-May-24-2013

[BTCscraper]

WSJ: U.S. Alleges $6 Billion Money-Laundering Operation

By REED ALBERGOTTI

Federal prosecutors have accused digital-currency company Liberty Reserve, and its founder, of running a $6 billion money-laundering operation that became a "bank of choice for the criminal underworld."

The case, described on Tuesday by federal prosecutors in Manhattan as one of the biggest money-laundering operations ever uncovered, comes just months after regulators warned that digital currency exchanges should follow traditional antimoney-laundering rules.

Prosecutors in Manhattan said that they arrested five of the seven men charged—including Arthur Budovsky, the founder of the company—late last week in Spain, Costa Rica, and New York. Prosecutors charged them with money laundering and with operating an unlicensed money transmitting business. The two other two men are at large, said prosecutors, who added that they will be seeking extradition.

According to an indictment unsealed Tuesday, Mr. Budovsky and six others created Liberty Reserve, based in Costa Rica, for the sole purpose of setting up a digital currency exchange that could be used to launder money. The indictment alleged the operation laundered the money through 55 million separate transactions for at least one million users globally.

A spokesman for Liberty Reserve could not immediately be reached for comment. Mr. Budovsky could not be immediately reached for comment.

Prosecutors also accused the company, its founder and employees of using Liberty Reserve accounts to commit crimes involving credit card fraud, identity theft, investment fraud, computer hacking, child pornography and narcotics trafficking.

A senior law-enforcement official described Liberty Reserve as a shadow banking system for cybercriminals and said Tuesday's case may push regulators to look even more closely at other virtual currencies.

"This business [Liberty Reserve] is different than some of the others—I'm not going to lump it in together—but it certainly illustrates well how hard it can be to regulate this type of currency world, especially as they branch out into all these other countries," the official said.

In order to convert traditional currency into Liberty Reserve dollars, customers were required to use third-party "exchangers," who would then forward the money to Liberty Reserve, according to the indictment. Prosecutors said that allowed Liberty Reserve to avoid a "financial paper trail."

In addition to the criminal charges, prosecutors said they seized 45 bank accounts and five domain names allegedly used for the operation, including the domain name of Liberty Reserve. Prosecutors said on Tuesday that the investigation involved law enforcement actions in 17 countries.

Mr. Budovsky and one of the other alleged co-conspirators were convicted in 2006 on similar charged for running E-Gold, another digital money transmitting business, prosecutors said.

Prosecutors said that after his conviction, Mr. Budovsky gave up his U.S. citizenship, citing concerns to immigration officials that software he was developing "might open him up to liability in the U.S." Mr. Budovsky then moved to Costa Rica, where he set up Liberty Reserve.

In 2011, Liberty Reserve ran into trouble with Costa Rican authorities, according to the indictment, who cited concerns that the company didn't have tight enough money-laundering controls. Then, Mr. Budovsky "went underground," the indictment says, and continued to operate in Costa Rica using a "stripped-down staff working out of an office space held in the name of shell companies," the indictment says.

—Jeffrey Sparshott contributed to this article.

[flyonwall]

From the Wall Street Journal today:

Liberty Reserve Accused of Running $6 Billion Money Laundering Operation
Federal prosecutors have accused Liberty Reserve, a digital currency company, and its founder of running a $6 billion money laundering operation that became a "bank of choice for the criminal underworld."
The case, described by federal prosecutors in Manhattan as one of the biggest money-laundering schemes ever uncovered, comes just months after regulators warned that digital currency exchanges should follow traditional antimoney laundering rules.

[kevindeangelis]

yep, here's the post on MSNBC:
http://redtape.nbcnews.com/_news/2013/05/28/18560809-feds-shut-down-financial-hub-of-the-cyber-crime-world?lite

[joesmoe2012]

rrrrg, I had money there.

This US govt stealing my money because they are charing someone with a crime is a bunch of shit.

I had nothing todo with these guys, the us is suppose to protect me, not steal my money.

this is BS

[manfred]

Well the Banksters tolerated Liberty Reserve to operate for 7 years. Now its Worldwide Headline news as if they just found out that it exists. They simply picked the time it suited them best to act. You have to dance to the music the system plays otherwise the will come after you. Its only a matter of time.

[Xch4ng3]

http://www.justice.gov/usao/nys/pressreleases/May13/LibertyReserveetalDocuments.php

Indictment documents revealed.

[cryptoanarchist]

It's like Liberty Dollar all over again.  These fucking Feds are once again treading where they clearly have no jurisdiction.

They had to black out the agent's name in the docs because they know that they're the real criminals.

[abednego]

While Bitcoin is not specifically mentioned it does not bode well that the indictment specifically refers to "virtual online currencies."

[Nova!]

rrrrg, I had money there.

This US govt stealing my money because they are charing someone with a crime is a bunch of shit.

I had nothing todo with these guys, the us is suppose to protect me, not steal my money.

this is BS

You actually have rights, you know that right?  Your money hasn't been stolen.  It's been frozen by the feds, they don't know who you are and that's one reason LR was shut down.  They didn't do this to you, you just got caught up in it.  You need to track down the indictment and send a letter to the judge indicating that you had funds on deposit there and are being adversely impacted by this case.  As long as you can prove your source of funds you may even be able to convince the judge to release your funds to you.  Failing that you can petition the court to establish receivership over the assets held there.
Depending on how much you had in there you may also want to retain a lawyer and if enough people have been effected by this then a class action might be needed to get the whole mess sorted out.