Sign in to comment!

Menu
Home

U.S.

Suspect accused of running Costa Rica currency transfer firm fights extradition from Spain

A man 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.

Arthur Budovsky was due in court Monday after being 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.

Budovsky, 40, renounced his American citizenship and lived in Costa Rica, where all online businesses are legal and there are no laws regulating them.

U.S. officials have said Liberty Reserve processed 55 million illicit translations, charging 1 percent on each one via middlemen.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.81% dw 3.82%  
15 Y Fixed Graph 2.98% dw 3.00%  
30 Y Fixed Jumbo Graph 4.04% -- 4.04%  
5/1 ARM Graph 3.07% dw 3.13%  
5/1 Jumbo ARM Graph 3.17% dw 3.19%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% -- 4.60%  
$50K HELOC Graph 4.09% -- 4.09%  
$30K Loan Graph 4.90% -- 4.90%  
$50K Loan Graph 4.35% up 4.34%  
$75K Loan Graph 4.36% up 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.73% -- 2.73%  
36 M Used Graph 3.21% -- 3.21%  
48 M New Graph 2.97% up 2.96%  
48 M Used Graph 2.76% up 2.74%  
60 M New Graph 3.11% up 3.10%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% -- 0.38%  
1 yr Graph 0.70% dw 0.70%  
5 yr Graph 1.48% -- 1.48%