Yesterday came the shocking news of Liberty Reserve, an online payment company based in Costa Rica. Tico Times newspaper in Costa Rica reported the LR service closed after foundernya Arthur Budovsky Belanchuk arrested by the United States. Website libertyreserve.com also inaccessible since the arrest. Has not been ascertained whether the customer funds will be returned. Until now there has been no official comment from either the government of the U.S. and LR.
In Indonesia, Liberty Reserver (LR) is usually used to deposit forex trading and HYIP. LR is very easy to open an account and do not need verification like Paypal, LR therefore widely used for illegal transactions such as money laundering, drugs, and child pornography.
How has your experience with LR? I hope you do not include one of the victims of the closure of the LR.