Security News > 2016 > May > Liberty Reserve founder sentenced to 20 years for money laundering (Help Net Security)
2016-05-09 19:42
Arthur Budovsky was sentenced in the Southern District of New York to 20 years imprisonment for running a massive money laundering enterprise through his company Liberty Reserve, a virtual currency once used by cybercriminals around the world to launder the proceeds of their illegal activity. He was also ordered to pay a $500,000 fine. According to the indictment, Liberty Reserve billed itself as the Internet’s “largest payment processor and money transfer system” and allowed people … More →
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