[citation needed] On March 12, 2001, then Gold Age owner Parker Bradley was detained at his place of business in Syracuse, New York by US Secret Service agents investigating credit card fraud.
[3] On July 27, 2006 the New York County District Attorney's office announced the indictment of Arthur Budovsky and Vladimir Kats for allegedly violating Article 13-B of New York State Banking Law, after a six month sting operation that began in January 2006.
[4] Budovsky and Kats declared their innocence saying "We believe this is a legitimate business practice, which does not require a state license.
"[5] Represented by Igor Niman,[6] they were found guilty and sentenced to five years in prison.
fled the country and founded Liberty Reserve to perform a similar service as Gold Age.