Liberty Reserve

2 Stories

Illicit Online Bank Gave Account to 'Joe Bogus'

Undercover agent put address as 'Completely Made Up City, New York'

(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... More »

Feds Bust Massive Online Money-Laundering Scheme

Seven charged in $6B Liberty Reserve operation

(Newser) - Calling it perhaps the biggest money-laundering scheme in US history, federal prosecutors charged seven people today with running what amounted to an online, underworld bank that handled $6 billion for drug dealers, child pornographers, identity thieves, and other criminals around the globe. The case was aimed at Liberty Reserve, a... More »

2 Stories