US: Liberty Reserve was involved in money laundering $6 billion

According to the American authorities, the Liberty Reserve company is suspected of laundering a total of $ 6 billion. On Sunday, the payment processor’s website was already taken offline and announced that the owner of the company has been arrested.

That reports The New York Times. A lawsuit has been filed against the administrators of Liberty Reserve in the United States. According to US prosecutors, the Liberty Reserve would have laundered a total amount of about $ 6 billion. That would have taken the company seven years. Liberty Reserve is said to have been guilty of ‘facilitating crime worldwide’. Through the Liberty Reserve site, cyber criminals could, among other things, make digital payments almost anonymously; an email address was usually sufficient to open an account on the exchange.

On Sunday it was already announced that Liberty Reserve CEO Arthur Budovsky, who was in Spain at the time, has been arrested. At the same time, the website of the online payment processor was taken offline. The US indictment shows that four others have been arrested, according to The New York Times.

In total, seventeen countries are said to have cooperated in the investigation into the Liberty Reserve. In addition to charges against those arrested, authorities seized five domain names and frozen or restricted the use of 45 bank accounts.