Some more crazy news today! This story about Liberty Reserve shut down is actually both shocking and sick at the same time. I am so glad that this guy got arrested but I am also sad for anyone that has been affected by the shut down of Liberty Reserve as well.
Liberty Reserve has Been Shut Down For Money Laundering!
The creator of Liberty Reserve “Arthur Budovsky Belanchuk (39)” has been arrested on Friday 24th of May in Spain reported by Central American newspaper The Tico Times.
Child Porn, and Drugs… What!?
The reason for the arrest was that Investigators reported that Budovsky’s businesses in Costa Rica along with Liberty Reserve, were used to launder money for child pornography websites and drug trafficking.
Many Forex brokers have been benefiting from the use of Liberty Reserve’s vast access and as a payment provider, especially in countries where traders face difficulties in transferring funds.
Along with others that have been using Liberty Reserve as there main means of transferring there money from online companies to them directly.
Its another sad day in this industry for many folks that lost there money in this unfortunate event.