U.S. Accuses Liberty Reserve Over Money Laundering

U.S. prosecutors have accused a Costa Rica-based digital currency company Liberty Reserve of running a $6 billion money laundering scheme.

Liberty Reserve Faces Largest Money Laundering Prosecution

The U.S. prosecutors revealed on Tuesday, what is believed to be the largest money laundering prosecution ever. They have also arrested the operators of the global money exchange Liberty Reserve.

The digital currency company was the ‘financial hub of the cyber-crime world’, according to Preet Bharara, the U.S. attorney for the southern district of New York.

According to the indictment, Liberty Reserve facilitated "a broad range of online criminal activity, including...