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Topic: [2016-05-07]Creator of online money Liberty Reserve gets 20 years in prison (Read 191 times)

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Creator of online money Liberty Reserve gets 20 years in prison

efore the virtual currency Bitcoin there was Liberty Reserve — and its founder just got sentenced to 20 years in prison. Arthur Budovsky, 42, ran an online digital money business out of Costa Rica called Liberty Reserve. The U.S. government contended that the whole thing was just a massive, $6 billion money laundering operation. On Friday, U.S. District Judge Denise L. Cote sentenced him to two decades in federal prison. She said Budovsky did not show “genuine remorse,” according to the Department of Justice...

http://gantdaily.com/2016/05/06/creator-of-online-money-liberty-reserve-gets-20-years-in-prison/
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