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The fall of Liberty Reserve: significance to the business world
Liberty Reserve has been one of the largest online payment processors for over a decade. It had grown in such popularity that it became one of the most trusted and noteworthy processors to be used by even financial brokers and other businesses. The major problem, however, was the authenticity of the company and the transparency of the transactions it carried out. Danger was lurking around this site for the last few months leading up to its closure towards the end of May, 2013.
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