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LibertyReserve.com Shuttered, Founder Arrested In Spain

Posted by samzenpus on from the long-arm-of-the-law dept.

hypnosec writes "Libertyreserve.com has been shut with the founder arrested by police in Spain this week over his alleged involvement in money laundering. Libertyreserve.com has been down for over three days now and the arrest seems to be the reason behind the outage. Arthur Budovsky Belanchuk, a 39-year-old male, has been arrested by Spanish authorities as a part of their ongoing investigations into money laundering. U.S. officials may very well seek his extradition."

1 of 138 comments (clear)

  1. HSBC by Anonymous Coward · · Score: 5, Interesting

    He should use the HSBC defense.

    Or does that only apply if you money-launder billions of drug money?