Thread: Liberty Reserve owner arrested, charged with money laundering, website offline

DOC120 is a great read

One spoiler:

“Redd’s” posts also make clear that Marmilev suffered from no illusions about the fraudulent nature of HYIPs. For example, in one post in a discussion thread about an “Internet Fraud Complaint Center” established by the FBI (Ex. M), “Redd” commented:
People just don’t understand that HYIP is a synonym for Gambling. . . . Don’t read the bull**** stories these hyips give you.
The rules are simple:
1. give us your money
2. wait a few cycles.
3. withdraw your money before we close.

There are more advanced guidelines on how to increase your chances in hyip, but that’s a secret 
Thus, Marmilev – in his own words – has fully acknowledged the criminality of HYIPs, and went so far as to promote Liberty Reserve to HYIP operators based on its lax enforcement and purported insulation from the reach of U.S. authorities.

Dont forget to take a look at some attachments to it: http://ia600608.us.archive.org/19/it...17.docket.html (under #120)


P.S. For those who think the feds are not watching what you do on talkgold and other HYIP forums, I can assure you they do. can see it in the attachments.