25 May '13, 2pm

Liberty Reserve the popular digital currency got shut down by the authorities #bitcoin

Liberty Reserve shut down for “money laundering” May.25, 2013 in MLM liberty-reserve-shut-down-money-laundering-may-2013 There’s a general consensus in the MLM industry that if you see an MLM company using one of three particular payment processors, then at the very least it’s worth taking a precautionary approach. Payment processors handle money between MLM companies and their affiliates. In an age where global affiliate membership is the norm, payment processors simplify the process in which companies are able to effectively pay their affiliates commissions. Today Liberty Reserve, easily one of the most frequently used payment processors in the MLM industry, was shut down following the arrest of its creator and owner in Spain. Following an investigation that began back in 2011, Costa Rican authorities raided the home of and arrested Arthur Budovsky Belanchuk. Belanchuk i...

Full article: https://bitcointalk.org/index.php?topic=215967

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