42 year old Arthur Budovsky, its creator first started the digital currency service in 2006 from Costa Rica.
However it fell foul with US authorities and the Liberty Reserve creator was arrested.
In a ruling yesterday, a US judge sentenced Budovsky to 20 years.
The U.S. government contended that the whole thing was just a massive, $6 billion money laundering operation.
On Friday, U.S. District Judge Denise L. Cote sentenced him to two decades in federal prison.
She said Budovsky did not show genuine remorse, according to the Department of Justice.
All the site required was someones name, e-mail address, and birthday.
Normally, banks have stricter standards to avoid funneling criminal funds.
It handled 12 million financial transactions a year.
Liberty Reserve caught the eyes of US authorities in the worldwide sweep against money launderers and terrorists after 9/11.
In 2013, American investigators took over the website and shut it down.
In 2014, Budovsky and several coworkers were arrested in Spain.
source: www.techworm.net
