U.S. Liberty Reserve Accused of Money Laundering

    Must Read

    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    U.S. federal authorities accused the company Liberty Reserve, based in Costa Rica, of using their virtual currency system for money laundering operations.

    In a statement, officials said authorities in Spain, Costa Rica and New York arrested five people on Friday and seized bank accounts and Internet domains associated with the company, Liberty Reserve.

    Costa Rican prosecutor José Pablo González said Liberty Reserve and related businesses were used to launder funds from child pornography websites and drug trafficking.

    “The company was designed to help criminals to conduct illegal transactions and laundering the proceeds of their illegal activities,” said Manhattan District Attorney, Preet Bharara.

    The federal authorities stated the founder Arthur Budovsky is on charges of money laundering and operating a money transfer business without a license.

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    Resonance Costa Rica
    Learn how to describe the purpose of the image(opens in a new tab).
    - Advertisement -

    Subscribe to our newsletter

    Get all the latest news, events, offers and special announcements.

    Latest News

    For the First Time Ever, Direct Flight Will Connect Brazil and Costa Rica

    GOL LinhasAéreas will offer exclusive, regular, non-stop flights between San José and São Paulo, starting in the last quarter...

    More Articles Like This

    Language »