Co-founder Liberty Reserve confessed

Back in May of this year, a fairly detailed article on Habré was published about Liberty Reserve, describing the system itself and the reasons for its collapse. After the news about the closure of Liberty Reserve was spread through the media, branches began to appear in large numbers on various forums discussing who had lost so much money left in their wallets in the system. It took a little time, and about Liberty Reserve began to gradually forget. Today, news about the system has reappeared, due to the fact that one of its founders, Vladimir Katz, gave confessions.

Actually, Katz admitted all charges, including illegal financial operations in the interests of criminal structures, operations related to the sale of weapons, narcotic drugs and other things. By the way, the prosecution insists on receiving a fine from the defendants in the amount of $ 6 billion, $ 1 billion for each year of proven illegal activities.
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In total, the system worked for about eight years, and it was used, of course, not only by criminals, but also by ordinary users who carried out various kinds of transactions (or simply kept their money in electronic wallets). Liberty Reserve was an anonymous system that many people liked. According to the prosecution, Liberty Reserve had more than a million users, 200 thousand of them from the United States.

Liberty Reserve funds could be withdrawn in Russia, Malaysia, Vietnam, Nigeria and other countries (of course, so-called money changers worked, expanding the possibilities for withdrawing and exchanging funds).

Via theverge