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Preet Bharara, U.S. Attorney for the Southern District of New York, describes a chart showing the global interests of Liberty Reserve, during a news conference in New York, Tuesday, May 28, 2013. Arthur Budovsky,the founder of Liberty Reserve, was indicted in the United States along with six other people in a $6 billion money-laundering scheme described as “staggering” in its scope, authorities said Tuesday.(AP Photo/Richard Drew)Federal prosecutors charged seven people with running what amounted to an online, underworld bank, saying that Liberty Reserve handled $6 billion for drug dealers, child pornographers, identity thieves and other criminals around the globe.
Originally published at Associated Press