I'm not sure if this is even in the right section.
Read more about it HERE.Base on local media reports, Arthur Budovsky Belanchuk, the owner of Liberty Reserve website, has been arrested in Spain for charges relating to money laundry. Accordingly, Budovsky was involved in financial crimes for transferring funds made by child pornography websites and drug trafficking.
A lot of threads and discussions have been started in Internet with regard to locking down Liberty Reserve payment system. At this time, many famous and popular websites are using Liberty Reserve as a reliable payment method. Currently a large number of users from different countries have deposited millions of Dollars in their accounts in Liberty Reserve. No information is available about the future of deposited funds.
good thing I never used LR
I wish I had the know how to come up with a payment system that was actually reliable and worthwhile.
It seems every place out there is terrible, especially Paypal!
lost over $300 at LR