Bank of the Underworld - Liberty Bank & Global Money Laundering

The Atlantic Magazine
May 2015

U.S. authorities had begun to notice that suspects in unrelated investigations were using Liberty Reserve to move dirty money. They had come to believe that it was a central hub for people engaged in credit-card fraud, identity theft, investment fraud, computer hacking, child pornography, and narcotics trafficking. It was, in their estimation, the underworld’s payment method of choice—a system designed to help criminals make untraceable transactions.

And they wanted to shut it down...


http://www.theatlantic.com/features/archive/2015/04/bank-of-the-underworld/389555/