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Showing posts from May 26, 2013

Liberty Reserve Founder Arrested for money laundering , Site Shuttered

The owner of Liberty Reserve Arthur Budovsky Belanchuk, 39, as part of a money laundering investigation jointly run by authorities in New York and Costa Rica. Libirty Reserve's main domain libertyreserve.com is not showing the original site, its pointing to a sinkhole . As you can see the domain was transferred on May 24,2013 to point to shadowserver.org's name server - a server used by the US Governments to seize a website that has did an online fraud. The papers cited Costa Rican prosecutor José Pablo González saying that Budovsky, a Costa Rican citizen of Ukrainian origin, has been under investigation since 2011 for money laundering using Liberty Reserve, a company he created in Costa Rica. “Local investigations began after a request from a prosecutor’s office in New York,” Tico Times reporter L. Arias wrote. “On Friday, San José prosecutors conducted raids in Budovsky’s house and offices in Escazá, Santa Ana, southwest of San José, and in the province of Heredia, no...