Payment Processing Company Operator Admits To Money Laundering ChargesThe founder of payment processing company Liberty Reserve pleaded guilty Friday to charges his online bank laundered millions of dollars for criminals.
Liberty Reserve Founder Due In Court In $6 Billion Money Laundering CaseArthur Budovsky, 40, the Costa Rican founder of currency transfer and payment processing company Liberty Reserve, was extradited from Spain to the U.S. on Friday.
Feds Announce Takedown Of Online 'Bank Of Choice For The Criminal Underworld'Federal prosecutors charged seven people Tuesday with running what amounted to an online bank that handled $6 billion for drug dealers, child pornographers, identity thieves and other criminals around the globe.

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