Arthur Budovsky, a co-founder of LibertyReserve, was indicted on July 26, 2006 for allegedly violating Article 13-B of New York State Banking Law. Article 13-B of the New York banking law states that it is a felony to transfer money without a license if one knowingly transmits $250,000 or more in a year from a single client in a year; $25,000 or more in 30 days; and $10,000 or more in a single transition.
As we already covered in our article dedicated to LibertyReserve on November 21, 2008, at that time when Budovsky was arrested along with his partner Vladimir Kats he owned illegal transmittal business GoldAge as well as such businesses as ECSN INC., EXECUTIVE COMMERCIAL SERVICES INC., INTERNETWORK MANAGEMENT INC., GGN INC., B TO B MARKETPLACE INC. and MGA INTERNATIONAL INC.
And while with the imprisonment of the founders of e-gold and e-bullion their services went dead after them, LibertyReserve is still operation on the web with a lot of users still trusting the company.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment