Arthur Budovsky Belanchuk, 39, was reportedly arrested in Spain by Costa Rican authorities after his they raided suspect..s home and offices in San Jos.. and Heredia. Investigators say that Budovsky’s businesses in Costa Rica, including Liberty Reserve, were used to launder money for child pornography websites and drug trafficking. Liberty Reserve is a largely unregulated money transfer business that allows customers to open accounts using little more than a valid email address, and this relative anonymity has attracted a huge number of customers from underground economies.
Source: https://thehackernews.com/2013/05/liberty-reserve-founder-arrested-for.html