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Liberty Reserve founder: FBI wanted my source code

By Jorge Sainz
Published January 27, 2014 5:13pm ET
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Liberty Reserve founder: FBI wanted my source code
Arthur Budovsky stands in court in Madrid, Monday Jan. 27, 2014. Budovsky, accused of founding a currency fund transfer business that allegedly helped criminals move money around the world has decided to fight U.S. efforts to extradite him from Spain. Budovsky was detained last year at a Madrid airport while trying to return to Costa Rica, the alleged home of his Liberty Reserve currency transfer firm. His lawyer Gonzalo Boye says Budovsky will fight extradition. U.S. officials claim Liberty Reserve moved about $100 million through Costa Rican banks. AP Photo/Javier Lizon, Pool) | Javier Lizon

MADRID (AP) — The man accused of being behind one of the world’s biggest money laundering businesses said Monday he was arrested after refusing to disclose key technical details of his online operation to the FBI.

Liberty Reserve founder Arthur Budovsky, 40, was speaking at a court in Madrid nine months after he was detained at the city’s airport on U.S. charges. He was intercepted on his way home to Costa Rica, where he was living after having renounced his U.S. citizenship.

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