Digital currency exchange Liberty Reserve accused of massive money-laundering
http://www.euronews.com/ US prosecutors are calling digital currency exchange Liberty Reserve "the bank of choice for the criminal underworld" after the arrest of the company owner on suspicion...
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Digital currency exchange Liberty Reserve accused of massive money-laundering - Video
WORLD SHOCKED NEWS - Liberty Reserve Web (LR) Permanently Closed 25 MAY 2013, $ 6,000,000,000 SCAM
THE ENTIRE WORLD IS SHOCKED, WORLD BIGGEST SCAM NEWS -Liberty Reserve Website (LR) Permanently Closed SCAM. Why Liberty Reserve Website is not opening. Liber...
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Black ops 2 IIINancyy " LIBERTY " by Darth LAY
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NEW YORK, May 29, 2013 (GLOBE NEWSWIRE) -- Liberty Media Corporation (LMCA) will become a component of the NASDAQ-100 Index(R) (Nasdaq:NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE), and the NASDAQ-100 Ex-Technology Sector Index (Nasdaq:NDXX) prior to market open on Wednesday, June 5, 2013. Liberty Media Corporation will replace Virgin Media, Inc. (VMED).
Liberty Media Corporation is headquartered in Englewood, Colorado, and has a market capitalization of approximately $12.7 billion. For more information about the company, go to http://www.libertymedia.com.
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend Achievers, Global, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. NASDAQ OMX Global Indexes also provides custom index services and design solutions to selected financial organizations. For more information about NASDAQ OMX Global Indexes, visit indexes.nasdaqomx.com.
Daily index values, weightings and historical data for NASDAQ OMX indexes are available via NASDAQ OMX Global Index Watch and NASDAQ OMX Global Index Data Service.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit http://www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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Liberty Media Corporation to Join the NASDAQ-100 Index Beginning June 5, 2013
FT. LAUDERDALE, Fla., May 30, 2013 /PRNewswire/ --Liberty Power, the nation's largest independent retail electric supplier, today announced co-founders David Hernandez, Chief Executive Officer, and Alberto Daire, President, are finalists for the Ernst & Young Entrepreneur Of The Year 2013 Award in Florida. Award winners will be announced at the Florida awards gala on June 13 at the Fontainebleau in Miami Beach, Florida.
(Logo: http://photos.prnewswire.com/prnh/20120712/FL38325LOGO )
According to Ernst & Young LLP, the awards program recognizes high-growth entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities.
"These finalists were selected from nearly 80 nominations by a panel of independent judges," says Greg Rosica, Ernst & Young Entrepreneur Of The Year Florida program partner. "Collectively, these finalists grew their employment by 18 percent and their revenues by nearly 36 percent between 2010 and 2012."
Hernandez and Daire co-founded Liberty Power in 2001 and have guided the company on a consistent path of growth and advancement. This isn't the first time the co-founders have been recognized for their entrepreneurship; they were also recognized as finalists for the Ernst & Young Entrepreneur Of The Year Award in 2010.
"We are humbled and honored to be named a finalist for this award a second time. This esteemed distinction is a symbol of our entrepreneurial spirit," said David Hernandez, CEO and co-founder. "The energy industry is constantly changing and every day something new and exciting challenges us to reach even higher."
Over the years, Liberty Power has also been acknowledged by several of their partners for their extensive service and leadership as a supplier. In 2008, Liberty Power received the Bill Alcorn Supplier Diversity Award from JCPenney; Frito-Lay North America recognized them as Supplier of the Year in Energy in 2009. Earlier this year, Liberty Power accepted the Northwest Minority Supplier Development Council (MSDC), Inc. 2013 Minority Business Enterprise (MBE) of the Year Award. They were nominated by long-time customer, Costco Wholesale.
"When we first established the company, it was hard to imagine ourselves in the position we are in today. We could not have reached this stature without the commitment of our Liberty Power team, our channel partners, and of course, our customers," said Alberto Daire, President. "The initiative and drive shared throughout the company has helped to shape the nature of our business and propel us forward."
Hernandez and Daire are also interested in sharing their hard-won knowledge on how to successfully launch new, scalable businesses. The co-founders are currently exploring ways to share their business and leadership experience with the next generation of entrepreneurs.
The Ernst & Young Entrepreneur Of The Year awards program celebrates its 27th anniversary this year. The program has expanded globally to recognize business leaders in more than 140 cities in 50 countries.
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Yesterday, the US Treasury charged virtual currency exchange Liberty Reserve in a $6 billion money-laundering scheme. The company, which used its own transferable tokens (Liberty dollars) to move money from anonymous account to anonymous account and in and out of other currencies, highlights bigger problems plaguing the cryptocurrency bitcoin and its exchanges.
Liberty Reserves setup isnt that different from many of the companies being developed to handle bitcoin transactions. And the scandal isnt the first; just a few weeks ago Mt.Gox, which handles about 80% of the worlds bitcoin exchanges, saw its accounts at Wells Fargo and Dwolla frozen.
Because bitcoin is anonymous and transferrable across borders, its bound to be used by criminals, whether they are the desired clientele or not. The Mt.Gox account seizures and Liberty Reserve money laundering indictments suggest that the US government is stepping up its monitoring of virtual currencies:
1. The US government will aim to marginalize virtual currencies
The Bank Secrecy Act (BSA), as amended and implemented by regulations passed by FinCEN [Financial Crime Enforcement Network],requires a wide-swath of otherwise unregulated financial institutions to register with the government, implement anti-money laundering procedures, keep data, and report certain transactions and other data, wrote Reuben Grinberg, a lawyer for Davis Polk & Wardwell, in an academic paper on bitcoinin 2011.However, at this point monitoring of money transfers in bitcoin may be more trouble than its worth for the US government.
Sidelining the currency altogether might be simpler and more effective.Under the statute, FinCEN has power to prevent US financial institutions from dealing with institutions that deal with Bitcoin, which would essentially outlaw it in the US, Grinberg told Quartz in an email. Previously in interviews I have said that I think its unlikely that the US Government would just say outright ban Bitcoin. But this action shows that its not impossible.
2. Old anti-money laundering standards dont apply
Liberty Reserve was based in Costa Rica, which is not a member of the Financial Action Task Force on Money Laundering (FATF), the international organization that collaborates on anti-money money laundering (AML) rules. And yet, Costa Rican authorities cooperated with the US government (which is a member).
Therefore, not being located or not operating out of the US is not going to save you unless you are ultra careful not to have any kind of connection to the US market, a tall order, says Grinberg. For its part, Liberty Reserve allegedly encouraged criminal activity, and made no attempt to keep out US users. Even if it had warned criminal clients not to use its service, the company still could have been subject to US law, particularly if it suspected that its clients were laundering money.
3. Exchanges will have to be decentralized
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Why the Liberty Reserve money-laundering scandal poses a major threat to bitcoin
Preet Bharara, US attorney for the Southern District of New York, describes a chart showing the global interests of Liberty Reserve, during a news conference in New York, Tuesday, May 28, 2013. Arthur Budovsky,the founder of Liberty Reserve, was indicted in the United States along with six other people in a $6 billion money-laundering scheme described as 'staggering' in its scope, authorities said. (Richard Drew/AP/FIle)
Before being effectively shut down, Liberty Reserve was a digital currency service, similar in function to PayPal, that allowed for anonymous monetary transactions on the Web. Unlike traditional banks and legitimate online commerce sites, Liberty Reserves users could set up accounts using fake names and unverified personal information all they needed was an e-mail address. It was, prosecutors say, designed as a way for criminals to process money quickly, conveniently, and undetected. If Al Capone were alive today, this is how he would be hiding his money, said Richard Weber, head of the criminal investigation division of the Internal Revenue Service (IRS), at a New York press conference that involved members of the Justice and Treasury departments, Secret Service, and Homeland Security.
The company was incorporated in Costa Rica in 2006 and operated essentially as a black market bank Manhattan US attorney Peet Bharara said at the press conference. Over a seven-year span, Liberty Reserve allegedly hosted about 55 million transactions totaling $6 billion related to criminal activity, including credit card fraud, identity theft, investment fraud, child computer hacking, child pornography, and even narcotics trafficking, Mr. Bharara said.
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Liberty Reserve money-laundering case: Five questions answered
NEW YORK--(BUSINESS WIRE)--
Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, today announced the appointment of Peter A. Clauson as senior vice president of LIU Excess Casualty and Umbrella in the U.S. and Latin America.
Mr. Clauson will be responsible for the strategic direction and underwriting performance of LIUs Excess Casualty and Umbrella business and will report directly to David Cohen, president of LIU U.S. and Latin America. Mr. Clauson will be based in LIUs New York office.
Excess Casualty and Umbrella serve as a pillar of LIUs casualty business. Peters deep casualty background and extensive experience in excess liability will help us take advantage of new opportunities in a growing marketplace, said Mr. Cohen.
With a career spanning 35 years, Mr. Clauson has diverse experience in commercial insurance management roles.
I am very excited to be part of LIUs well-established Excess Casualty business with such a strong management and underwriting team, said Mr. Clauson. Since 1999, LIU has been a recognized leader in the excess casualty market and I look forward to helping them further develop and diversify their business in the U.S. and Latin America.
LIU Excess Casualty and Umbrella has a broad appetite for business, offering Excess Casualty capacity up to $50 million.
Brokers and agents can contact Mr. Clauson directly at 212-208-2891 or peter.clauson@libertyiu.com.
About Liberty Mutual Insurance
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.
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Gnomelord vs. the Libertarian Talking Fish Tank Part 2
My war with the Right Wing Fish Tank continues. To add a personal message to the end of these reviews, Ms. Fishtank, you keep talking about the value of logic and "Proving your points" but...
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Gnomelord vs. the Libertarian Talking Fish Tank Part 2 - Video
Libertarian Pickup Lines: Ways To Weed Out the Statist
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Libertarian Pickup Lines: Ways To Weed Out the Statist - Video
Interview with Toine Manders, Leader of the Libertarian Party of the Netherlands
RT #39;s Peter Oliver interviews Dutch Libertarian leader Toine Manders Date: 27/05/2013 Location: The Hague.
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Interview with Toine Manders, Leader of the Libertarian Party of the Netherlands - Video
Towards a taxonomy of the virtues from a libertarian eudaimonist perspective
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Towards a taxonomy of the virtues from a libertarian eudaimonist perspective - Video
The Libertarian candidate for state Senate in New Jersey's 14th District said today that he was arrested for marijuana possession at a legalization rally earlier this month, after lighting up and smoking a joint in public.
Don DeZarn, an East Windsor resident who works at Princeton University, said he was one of five activists arrested on May 18 at Smoke Down Prohibition V, a monthly event hosted by the Philadelphia chapter of the National Organization for the Reform of Marijuana Laws at Independence Hall.
Calling the rally and arrest acts of civil disobedience, DeZarn emphasized his support for legalizing marijuana, a chief tenet of his campaign platform.
"I honestly believe that nothing is going to change unless the people in mass stand up, speak out and fight for their rights," DeZarn said today. "They cant just sit back, relax and wait for the government to change things that we think are unjust laws."
DeZarn is expected to face incumbent Sen. Linda Greenstein (D-Plainsboro) and Republican candidate Peter Inverso, the Roma Bank CEO and former 14th district senator, in the November election.
In a profanity-laced three-minute speech to the rally crowd, DeZarn called on marijuana legalization supporters to contact elected officials and become more active in their protests.
"Our country is waging war against us 365 days a year, so we have to fight back the same way if we're going to win," DeZarn said. "We need to send up a cloud of smoke that they can see in Harrisburg, that they can see in Dover, that they can see in Trenton. We need to tell these [expletive] we're not going to take it anymore."
On May 13, DeZarn announced his candidacy for the state Senate seat at a press conference at Veterans Park in Hamilton, while smoking a marijuana joint to highlight his position on legalizing the drug.
In videos posted on YouTube, DeZarn is shown being handcuffed and escorted by law enforcement officers alongside Adam Kokesh, a Libertarian activist and podcast host.
Dozens of videos on YouTube uploaded by Kokesh's supporters allege that DeZarn planted evidence on Kokesh during their arrests, but DeZarn denied the claim and said his name had been cleared.
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BAY OF ISLANDS
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BAY OF ISLANDS 2
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Minecraft: Minesweep: Survival Islands EP 5: Monster Fighting and Farming!
Hey Everybody It #39;s On! Survival Islands Is Going To Be Intense And I Waited A MONTH To Do It! I Can #39;t Believe We #39;re Doing This! (This Is Not Hardcore!)
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Minecraft: Minesweep: Survival Islands EP 5: Monster Fighting and Farming! - Video
Enjoy in Canary Islands
Por favor, dadle a me gusta, os lo agradezco :D!! IES Cairasco De Figueroa.
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Providing a second chance for Solomon Islands youth though training and work
Like many youth in the Solomon Islands, Fabian left his village for the capital Honiara in the hope to find a job and improve his family #39;s life. Unable to fi...
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Providing a second chance for Solomon Islands youth though training and work - Video
Minecraft Survival Islands :SERIES: |PART 1|
HEY THERE GUYS !! !! this is ARTIC_GAMER-HD tom from offical casual gaming here with my first video on this channel !! which is a survival islands i hope you...
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