Illicit Online Bank Gave Account to 'Joe Bogus'
Undercover agent put address as 'Completely Made Up City, New York'
By John Johnson, Newser Staff
Posted May 29, 2013 11:40 AM CDT

(Newser) – The folks who ran Liberty Reserve, which prosecutors say was a massive online money-laundering operation, apparently weren't all that concerned with authorities taking even a cursory look at the books. As Bloomberg reports, an undercover agent set up his account under the name of "Joe Bogus" with an address of "Completely Made Up City, New York." Other accounts were under the names "Russian Hackers" and "Hacker Account."

Prosecutors say the bank, incorporated in Costa Rica in 2006, catered exclusively to criminals, including child pornographers, identity thieves, and drug traffickers. The bank operated one of the world's most popular digital currencies, giving its 1 million account holders an easy, anonymous way to make transactions. Seven people have been charged, including two Brooklyn residents who previously ran a company that served as an illegal exchange for "e-gold."

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Showing 3 of 6 comments
May 30, 2013 4:33 AM CDT
Yeah. I was talkin' with Seymour Hair the other day under the bleachers when along came I.P.Daily and C.Morebutts.
May 29, 2013 12:52 PM CDT
Coincidentally, that is a bonafide photo ID of Joe Bogus. Although, it might be one of his lesser known cousins: Dee Lynn Quint, Emersom Biggins, Chris P. Bacon, Stu Pidass, Randy Fallus or Helen Bedd.
May 29, 2013 11:59 AM CDT
The government is just pissed they didn't get their cut. People should be free to bank anonymously if they choose.