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Seven charged in Costa Rica money-laundering scheme

NEW YORK (AP) – When an undercover agent posing as a new client sought to register at the currency transfer firm Liberty Reserve as “Joe Bogus” from “123 Fake Main Street” in “Completely Made Up City,” no one at the company based in Costa Rica objected.

The same client recording digital currency transactions as “ATM skimming work” and “for the cocaine”? Still no problem.

In fact, federal prosecutors in Manhattan say anonymity and criminality were what Liberty Reserve was all about…read full article

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