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Message: <blockquote data-quote="DJ-AsAnka" data-source="post: 15031880" data-attributes="member: 299175">Costa Rican arrested in Spain for alleged financial crimesCosta Rican arrested in Spain for alleged financial crimesArthur Budovsky Belanchuk, 39, on Friday was arrested in Spain as part  of a money laundering investigation performed jointly by police agencies  in the United States and Costa Rica.Costa Rican prosecutor José Pablo González said Budovsky, a Costa Rican  citizen of Ukrainian origin, has been under investigation since 2011 for  money laundering using a company he created in the country called  Liberty Reserve.Local investigations began after a request from a prosecutor’s office in  New York. On Friday, San José prosecutors conducted raids in Budovsky's  house and offices in Escazá, Santa Ana, southwest of San José, and in  the province of Heredia, north of the capital.Budovsky's businesses in Costa Rica apparently were financed by using  money from child pornography websites and drug trafficking.New York convictionAccording to records from the U.S. Justice Department, on July 27, 2006,  Budovsky and a partner identified as Vladimir Kats were indicted by the  state of New York on charges of operating an illegal financial  business, GoldAge Inc., from their Brooklyn apartments.They had transmitted at least $30 million to digital currency accounts worldwide since beginning operations in 2002.The digital currency exchange, GoldAge, received and transmitted $4  million between Jan. 1, 2006, and June 30, 2006, as part of the money  laundering scheme.Customers opened online GoldAge accounts with limited documentation of  identity, then GoldAge purchased digital gold currency through those  accounts; the defendants' fees sometimes exceeded $100,000.Customers could choose their method of payment to GoldAge: wire remittances, cash deposits, postal money orders or checks.Finally, the customers could withdraw the money by requesting wire  transfers to accounts anywhere in the world or by having checks sent to  any identified individual.Budovsky and Kats were sentenced to five years in prison for engaging in  the business of transmitting money without a license, a felony  violation of state banking law, but got probation.</blockquote>

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