[OversouL]

Arthur Budovsky Belanchuk, 39, on Friday was arrested in Spain as part of a money laundering investigation performed jointly by police agencies in the United States and Costa Rica.

Costa Rican prosecutor José Pablo González said Budovsky, a Costa Rican citizen of Ukrainian origin, has been under investigation since 2011 for money laundering using a company he created in the country called Liberty Reserve.

Local investigations began after a request from a prosecutor’s office in New York. 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, north of the capital.

Budovsky's businesses in Costa Rica apparently were financed by using money from child pornography websites and drug trafficking.

for more read :Costa Rican arrested in Spain for alleged financial crimes

The All I will say is : We Are F**CKED

Liberty Reserve Is Also DOWN

I saw this in HF :O It's a good thing I don't keep money in LR.

[Operate]

I had .22$ in LR so I didn't lose much at all.

[OversouL]

I had .22$ in LR so I didn't lose much at all.

I won a contest, but can't remember how much I got. Maybe that was $2 or below $1. :')

[Wonders]

I've been reading all about this on HF. It's sad for the people who had a lot of money in LR as I can't see it returning tbh.

[OversouL]

I've been reading all about this on HF. It's sad for the people who had a lot of money in LR as I can't see it returning tbh.

Isn't there going to be insurance or something like that? I can't imagine loosing $1000+, I feel sad for others.

[Wonders]

Isn't there going to be insurance or something like that? I can't imagine loosing $1000+, I feel sad for others.

I'd think so. I am just glad I don't have any money stored in LR at the moment.

[Big]

Isn't there going to be insurance or something like that? I can't imagine loosing $1000+, I feel sad for others.

I'm pretty sure I was reading somewhere that ALL the money is lost. The site is gone and the money you have in the account is gone as well. Alot of people on HF had loads of money in there LR accounts. Should be interesting in the next few days to see what will really happen.

[Sirius]

I feel sorry for everyone who had a big amount of cash in Liberty Reserve (LR).
I also hope no one of CnC have lot of money there.

[Operate]

I also feel terrible for currency exchangers and or anyone else who had major investment/money in LR.

[Chieftain]

Kind of unfortunate that all those millions of dollars invested in LR might be lost.

I hope they get back up.