The U.S. Department of Justice has extradited the company’s founder from Spain to face charges. Liberty Reserve founder Arthur Budovsky was arrested in May 2013 by Spanish authorities after being indicted by a grand jury in New York. Authorities allege Liberty Reserve played a key role in the April 2013 $45 million international ATM cash-out scheme that involved the use of prepaid cards compromised in late 2012 and early 2013 through cyber-attacks waged against two Middle Eastern banks. If convicted on all three charges, he faces a maximum of 30 years in prison.”]
Source: https://www.cuinfosecurity.com/alleged-money-launderer-extradited-a-7431