Liberty Reserve was a digital platform that defined itself as the safest and most popular payment processor where transactions were made with cryptocurrency, it was founded in 2006 based in San Juan, Costa Rica and dissolved in May 2013 after US charges for alleged criminal activity, specifically with money laundering.

It is alleged, from US justice, this platform has bleached more than $ 6 billion in assets throughout their history in more than 17 countries, of course with the consent and complicity of its creator and his handlers.

Arthur Budovsky, 42, is the creator of this platform and was taken into custody by force of Spanish order and then extradited to the US Justice judgment for later. Pleading guilty to money laundering and later this statement was sentenced to 20 years in prison for such crimes.

This platform had more than 1 million customers worldwide and obtained more than 12 million transactions per year. What I call the attention of the authorities and operating without a license for financial transactions.

Budovsky oversaw finance, operations and business strategy Liberty Reserve. He was aware that digital coins were used by other online criminals, such as identity thieves and traffickers credit cards.

Image: pixabay

Source: cryptocoinsnews

Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. This press release is for informational purposes information does not constitute investment advice or an offer to invest.