Liberty Reserve

UPDATED 5:08 P.M. EDT (U.S.A.) How dangerous and bereft is HYIP Ponzi Land? More than 85 percent of the $72.6 million directed at the Legisi HYIP Ponzi scheme before its May 2008 collapse flowed through the now-shuttered e-Bullion payment processor operated by convicted murderer James Michael Fayed, according to the court-appointed receiver in the Legisi […]

An emerging scheme that butchers the English language and contends it opposes spam also bizarrely says it intends to build its business by requiring members to post ads on Facebook and Twitter. Equally bizarrely, the scheme says it accepts Liberty Reserve, the now-shuttered payment processor implicated by the United States last month in an alleged […]

BULLETIN: (UPDATED 11:43 P.M. EDT U.S.A.) The New South Wales Police Force (Australia) has arrested a 21-year-old man, amid allegations he was laundering money through Liberty Reserve. Officials did not identify the man in a news release announcing the arrest, but said he did not apply for bail and remains in custody. In a statement, […]

HYIP apologists dating back (at least) to the AdSurfDaily Ponzi scheme in 2008 ($119 million) have bizarrely sought to defend their favorite scams by steering discussions off the track. Why talk about the recidivist securities felon who presided over ASD (Andy Bowdoin), for instance, when the “real menace” is the Bilderberg Group? And, hey, since […]

EDITOR’S NOTE: Much remains murky about Profitable Sunrise, the alleged purveyor of five HYIP “plans,” including one bizarrely dubbed the “Long Haul” that purported to pay a preposterous 2.7 percent a day. The “Long Haul” payoff was dubbed the “Easter Gift.” Investors were told it would arrive April 1 — but it never materialized. One […]

A “program” the PP Blog reported may have ties to the so-called “sovereign citizens” movement appears to have wiped out investors and perhaps zeroed out the purported earnings of many of them, according to posts at the MoneyMakerGroup Ponzi-scheme forum. In fact, according to one post, the “ProfitClicking” program perhaps now can be best described […]

Two defendants in the alleged $6 billion Liberty Reserve money-laundering conspiracy are listed as inmates at the Metropolitan Correctional Center (MCC) in New York. They are Vladimir Kats, also known as “Ragnar,” and Mark Marmilev, also known as “Marko” and “Mark Halls.” Kats is 41; Marmilev is 33. Their release dates are listed as “unknown.” […]

URGENT >> BULLETIN >> MOVING: (15TH UPDATE 2:31 P.M. EDT U.S.A.) Liberty Reserve, its founder and several others have been indicted in U.S. District Court for the Southern District of New York (Manhattan). The charges, which include conspiracy to commit money-laundering, conspiracy to operate an unlicensed money-transmitting business and operating an unlicensed money-transmitting business, were […]

URGENT >> BULLETIN >> MOVING: Costa Rica-based Liberty Reserve, a payment processor favored by HYIP scammers and other criminals, is offline — and there are reports that its operator is under arrest in Spain on money-laundering charges. “We lost Huge $$$,” a poster on the MoneyMakerGroup Ponzi forum complained. The poster’s forum signature was advertising […]

“You can only load money from your Alertpay account onto it. So, now I can start using AP in other programs & have an easy way to get my money to spend, by loading funds from my AP account onto the card. Then I can use the card like a regular debit card in stores, […]

An apparent investment and banking website whose domain registration is hidden behind a proxy appears to be preparing to accept money from investors worldwide by planting the seed it is a charitable enterprise. The website of OnlineInvestmentBank.org appears to have been registered just days ago — on Jan. 21. The site suggests it is both […]