from The Daily Bell:
Creator of online money Liberty Reserve gets 20 years in prison … Before the virtual currency Bitcoin there was Liberty Reserve — and its founder just got sentenced to 20 years in prison. Arthur Budovsky, 42, ran an online digital money business out of Costa Rica called Liberty Reserve. The U.S. government contended that the whole thing was just a massive, $6 billion money laundering operation. – CNN
Sentence by sentence, the US judiciary is creating its own version of the constitution.
It is one that forbids people from creating online marketplaces or even putting silver into coins and selling them.
Most recently, as we can see above, Arthur Budovsky, founder of Liberty Reserve just got 20 years in prison for allegedly running a money laundering operation.
Prior to Budovsky’s sentencing, Ross Ulbricht, the founder of Sllk Road, received a life sentence for founding and running a “darknet” marketplace that allowed people to buy illegal items like drugs and guns. Ulbricht is appealing.
Before Budovksy and Ulbricht, there was US-based Bernard von NotHaus who invented the Liberty Dollar which contained actual silver, unlike current US coins.
NotHaus encouraged buyers to use the coins as money and the US government prosecuted him for trying to undermine US currency. He was sentenced to six months of home detention and three years of probation, which apparently was later reduced.
Please follow SGT Report on Twitter & help share the message.