Tuesday, May 28, 2013

Justice Department shuts down anonymous banking service Liberty Reserve, alleging $6 billion laundered

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Liberty Reserve, one of the largest hubs for anonymous online banking services, has been indicted under charges of operating a $6 billion money-laundering scheme. The site went offline late last night, replaced by a noticed that the domain had been seized by the U.S. Global Illicit Financial Team. This morning, founder Aurthur Budovsky was arrested in Spain. A Russian citizen, yet to be named, was also arrested in Costa Rica, and the Justice Department expects to extradite both men to the United States for trial.


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via The Verge - All Posts http://www.theverge.com/2013/5/28/4373282/liberty-reserve-shut-down-by-justice-department

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