late last week. The site's founder Arthur Budovsky Belanchuk, a former US citizen who now holds Costa Rican nationality, was arrested in Spain on Friday.
The indictmentPDF charges the defendants with money laundering and conspiracy to operate an unlicensed money transmitting business and orders them to surrender all property in connection with the Liberty Reserve operation, including more than $6 billion the site is believed to have laundered since 2006. Millions of dollars of these proceeds have allegedly been deposited in bank accounts around the globe, including in Costa Rica, China, Russia and Morocco. The investigation involved officials from 17 countries.
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