May 28th 2013 update : Your LR is lost, Libertyreserve.com was seized by US authorities for money laundering charges ( see June 3rd 2013 article ).
April 4th Update : The website got back up at 12h40 New-York time, April 4th after three days down.
Let’s see if you know what I know about Liberty Reserve :
Ok, Liberty Reserve website is down, so you can’t connect and reach your precious e-currency. Big deal ! Do you really think that Liberty Reserve is planning to scam with fake problems ; like most HYIPs do? No way ! Or is Liberty Reserve really down forever ? After reading this article, you’ll better understand the importance and the role of Liberty Reserve e-currency for you as a HYIP investor and throughout the whole market.
First, did you know that before LibertyReserve.com launched, the e-currency that every single HYIPs were accepting was e-gold.com ? When I started my ” online carreer ” as a new HYIP investor, e-gold truly had the monopole over the HYIP market . When it crashed ( due to various court orders from the United States government ) , millions of people all over the world were trading with e-gold on a daily basis, just like with Liberty Reserve today. Can you imagine how much profitable the e-currency business can be if you become the major player ?
The men behind e-gold pleaded guilty and really, they didn’t have any other choices. If you own an e-gold account like me, I wish you could get your money out before it was too late back then! Wait… could this happen to Liberty Reserve ?
Thanks to the relax economic regulations of Costa-Rica ( from where Liberty Reserve conducts its business ) , Liberty Reserve can’t go down for money laundering charges like e-gold did back in 2008. ( WRONG ! US authorities shut down LR on May 28th 2013 ! ) As far has I know, the tax haven of Costa-Rica ” protects ” LR from the grip of foreign authorities like the USA ( until now ), which was not the case for e-gold since it was operated from Florida without proper licences. Here’s an official note by Liberty Reserve back in 2007, when e-gold was facing difficulties :
November 19th 2007
There are no M.L.A.T* treaties signed, or otherwise established between Costa Rica and the United States. HOWEVER, there are M.L.A.T* and cooperation agreements established and in force with the governments of the United Kingdom, Panama and many other countries. Unlike Liberty Reserve, which is registered in Costa Rica, any company that claims to be registered in Panama, United Kingdom or in any of the countries on the M.L.A.T* list is in fact in danger of being raided by US authorities and are just as vulnerable to unfair seizures as e-gold.
As you can clearly see, we stand behind our product, our service and our dedication to this business. We are proud of the outcome and the feedback that we receive from our customers.
*M.L.A.T – Mutual Legal Assistance Treaty
Allright, let’s now talk about you versus Liberty Reserve :
Hé ! Imagine how high your Return on Investment would be today if you could have invested in that new e-currency business called LibertyReserve.com when it launched! Of course, you didn’t have the contacts, right ? Jokes apart, nobody really knew that it would be Liberty Reserve that would become the most widely used e-currency after the reign of e-gold but anyway, you would be rish by now. Let me tell you another fact :
Even if Liberty Reserve website is down as you read these words, it will be up sooner or later : you can sleep well on both of your ears ! Why? Mainly because for the long-term, it will always stay much more profitable for the administrators of Liberty Reserve to keep their business alive, instead of closing the shop to hide in that island paradise of your dream.
In fact since no powerful and official agency regulates Liberty Reserve activities, tell me if I’m wrong there but I think they could theorically scam all of us down , achieving a huge and instant benefit . All that without suffering much harm … However, why destructing such a great business instead of passing it to future generations? This can be discussed as well …pretty interesting reflection I must say…anyway!
December 21st 2012 won’t be the end of World and Liberty Reserve down time will be solved . The online HYIP investment market highly depends on user-friendly e-currencies like Liberty Reserve and really, a lot of people around the world earn a living from such virtual currency transactions ; you didn’t know ? I invite you to discuss all this with other HYIP investors and me on our new forum , here’s the link : http://hyip-blog-investment-monitor.com/forum/viewtopic.php?f=8&t=63
By the way as a HYIP investor in 2011, I recommend to spread your assets among Liberty Reserve and AlertPay ; diversification will always play an important role in your success ! Take a look at my private HYIP selection here.
Keep in touch, my next article will be about the legitimacy of most HYIP monitors you can find on the WEB.