Arthur Budovsky, 42, the founder of the Costa Rica-based cyber-currency operation Liberty Reserve, pleaded guilty to one charge of conspiring to run a money laundering operation, the U.S. Department of Justice announced last Friday. He faces up to 20 years in prison.
TEGUCIGALPA, Honduras – A court in Honduras Wednesday ordered house arrest for one of the country's biggest tycoons over suspected tax evasion, adding to his legal woes after being targeted by the U.S. for laundering drug traffickers' money.
Some 11,000 crocodiles unfed for almost a month because their Honduran owners had their assets frozen by U.S. authorities finally got some chow Tuesday. "That will take care of us -- for two to three days," the farm manager said.
More than 10,000 crocodiles are starving to death on a farm in Honduras after the U.S. froze the assets of the crocs' wealthy owners following accusations that the family laundered money for drug traffickers.
A money laundering indictment by the U.S. government last week against one of the most powerful families in Honduras has rattled elites in Central America used to being treated with kid gloves by authorities.
The Honduran government said it would guarantee deposits for the 220,000 customers of Banco Continental, which is being shuttered because its owners are accused in the U.S. of laundering money for drug traffickers.