NEW YORK TIMES: The operators of what the authorities described as one of the world’s largest online money laundering organizations, a central hub for criminals trafficking in everything from stolen identities to child pornography, were charged in an indictment unsealed by federal prosecutors on Tuesday…
The organization, Liberty Reserve, was responsible for laundering over $6 billion over the last seven years, with millions of customers around the world, according to the indictment. Prosecutors said that the company “facilitated global criminal conduct” and that the case, which involved law enforcement agencies in 17 countries, is believed to be the largest international money laundering prosecution in history…
The closing of Liberty Reserve seemed to have an immediate chilling effect on cybercriminals, who were suddenly unable to access their funds over the weekend. In underground forums, they posted increasingly anxious comments about how to access their frozen funds, according to law enforcement officials… (more)
