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Thread: Liberty Reserve - how to launder billions

  1. #1
    Site Caretaker Dave A's Avatar
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    Liberty Reserve - how to launder billions

    Liberty Reserve has come up on TFSA quite a few times, more often than not in association with questionable offerings looking to separate you from your hard earned money. It seems like there was good reason why Liberty Reserve was such a popular choice by these shady characters.

    How to Launder Billions and Billions of Digital Dollars.
    The trouble with opportunity is it normally comes dressed up as work.

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    Bronze Member Miro Bagrov's Avatar
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    Dave, tell us more
    Were they trying to advertise here?


    http://www.theverge.com/2013/10/31/5...-billion-money

  3. #3
    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Miro Bagrov View Post
    Were they trying to advertise here?
    No, Liberty Reserve itself wasn't trying to advertise on TFSA. However, they were very popular as the payment mechanism of choice with many a scam artist trying to post content on TFSA.

    Most of it got flagged and killed in moderation, but every now and then we'd move one to the scam alert forum as a heads up:

    Earn Instant $4.83 In your Liberty reserve
    I DISCOVERED A PROFITABLE AND PAYING INVESTMENT COMPANY
    HOW TO HACK ANY LIBERTYRESERVE ACCOUNT

    I just grabbed those ones randomly - there are more.

    About the most common was posts trying to sell credit card and CVV numbers, which was plainly a criminal activity so none of those ever saw the light of day here. Quite a few punting HYIP's too.
    The trouble with opportunity is it normally comes dressed up as work.

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    Miro Bagrov (13-Nov-13)

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    Bronze Member iLLuDeano's Avatar
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    Thank you Dave - I read the Headline and thought you where going to make us all rich

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    Bronze Member Hermes14's Avatar
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    Quote Originally Posted by Dave A View Post
    Quite a few punting HYIP's too.
    I haven't read any of the posts on punting but there is money to be made in punting.
    The only problem is it is no get rich quick scheme.
    No matter what sport you decide to bet on takes a lot of studying, a lot of patients & you have got to be able to read the game properly.

  7. #6
    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Hermes14 View Post
    I haven't read any of the posts on punting but there is money to be made in punting.
    Perhaps I should have used the word "promoting"
    As in "promoting HYIPs" (essentially involving pyramid schemes - not the sport betting you're thinking of).
    The trouble with opportunity is it normally comes dressed up as work.

  8. #7
    Bronze Member Hermes14's Avatar
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    Thanks Dave

    Sorry I had never heard the word punting" being used like that before & misunderstood what you were saying.
    essentially involving pyramid schemes
    There I couldn't agree more.
    Back in 1962 Better Business Bureau said "If it sounds too good to be true, it probably is"
    If you follow that phrase you wont be far wrong.

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