Liberty Reserve Founder Extradited to New York, U.S. Says

Liberty Reserve founder Arthur Budovsky was extradited to New York from Spain to face federal charges that his company was a “black-market bank” which masked more than $6 billion of criminal proceeds.

Liberty Reserve, incorporated in Costa Rica, was one of the world’s most widely used digital currency services, according to the U.S. The company was created and structured “to help criminals conduct illegal transactions,” Manhattan U.S. Attorney Preet Bharara said. Prosecutors shut it down last year.