HomeArchiveWife of Liberty Reserve founder to seek husband's Costa Rica assets

Wife of Liberty Reserve founder to seek husband’s Costa Rica assets

Yessenia Valerio Vargas, a Costa Rican woman who was paid to marry Arthur Budovsky – the founder and owner of the now-defunct online currency company Liberty Reserve – will file a legal claim in Costa Rica seeking half of her husband’s assets, which were seized by Costa Rican authorities following raids in late May.

Valerio worked as a street vendor selling empanadas near Immigration Administration facilities in San José when she was contacted in 2008 by Budovsky’s lawyer, who asked her to marry the Ukrainian-born U.S. man in exchange for ₡200,000 ($400).

On Tuesday, Valerio told News Channel 11 that she would seek Budovsky’s assets, adding that the FBI had asked her to testify in an upcoming trial against Budovsky in the United States. Budovsky was arrested in Spain on May 25 and extradited to the U.S. on money laundering and other charges.

U.S. officials allege that the Costa Rica-based Liberty Reserve laundered some $6 billion over a period of seven years, the largest money laundering operation in history.

Among Budovsky’s assets seized in Costa Rica are four Rolls-Royces, a Mercedes Benz and a motorcycle. Under Costa Rican law, those assets must be auctioned by the Costa Rican Drug Institute to finance Costa Rica’s fight against illicit drug trafficking.

Valerio’s lawyer, Javier Vargas, on Tuesday told the daily La Nación that “there is no reason to annul the marriage,” and he would seek “half of everything Budovsky acquired in the country from 2008 to 2011, when the money laundering investigation began.”

Several members of Liberty Reserve’s operations were included in the U.S. indictment, but two key Costa Rican employees remain at large.

Trending Now

Tovar Firing Leaves Costa Rica Without a Foreign Minister for UN Speech

Costa Rica is days from its UN General Assembly address with no confirmed speaker, as a timeline of the Trump meeting dispute and warnings from former diplomats raise new questions.

More Than 50 Earthquakes Shake Area Around Costa Rica’s Irazú Volcano

More than 50 small earthquakes struck the area around Irazú Volcano this morning, but seismologists say the activity points to movement along a shallow...

Costa Rica Pauses School Rebuild Over Possible Archaeological Site

Costa Rica's National Museum sent an archaeologist to a rural high school in Pérez Zeledón yesterday after construction crews rebuilding the campus turned up...

Remote Osa Eco-Lodge Playa Cativo Joins Small Luxury Hotels of the World

Playa Cativo Lodge, a secluded beachfront retreat on the Golfo Dulce in Costa Rica's Southern Zone, has been admitted into Small Luxury Hotels of...

Human Trafficking Cases Reach 16-Year High in Costa Rica

Costa Rica recorded 83 human trafficking victims in 2025, the highest number reported in any single year since at least 2010, according to figures...

US Diesel Export Ban Talk Puts Costa Rica Fuel Prices on Edge

Trump backs a ban on US diesel exports as Costa Rica, which buys much of its diesel from the United States, faces a proposed increase of up to 100 colones per liter in October.

Costa Rica Court Freezes Access to Playa Blanca Marine Wetland

A Costa Rican court has temporarily suspended visitor and vehicle access to the Playa Blanca Marine Wetland in Garabito. The tribunal said public use...

Costa Rican Influencer Julián Valverde Released by ICE Without Bond

Costa Rican content creator Julián Valverde was released from U.S. Immigration and Customs Enforcement custody in Florida on Sunday, Sept. 20, after five days...

Costa Rica Raises El Niño Alert as Rainfall Shortage Deepens

Costa Rica has placed 23 municipalities under orange alert as months of below-normal rainfall linked to El Niño raise concerns over water supplies, agriculture and the approaching dry season.
L. Arias
L. Arias
Reporter | The Tico Times |
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel