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-- charged with running an underworld digital bank for drug dealers child pornography is an identity thieves was mcdonalds here and that man this.
Setting the -- all the digital currency basically on edge happy we were tracking up through law enforcement sources they're talking to us about.
A hundred plus.
Basically virtual currency sites that moved capital anonymously around the globe and you know and -- Aurora -- -- the US attorney in Manhattan.
-- saying they're more investigations to come here and basically and from what -- hear from officials is if you have a model that operated a similar to liberty reserve.
Watch out here's -- Ferrari yesterday on this shut -- of liberty -- what are the biggest if not the biggest money laundering.
-- reserve was intentionally create -- and structured to facilitate.
He was essentially.
A black market bank and.
And he is a -- first is also telling Fox Business that.
In what happened here was anyone could create an accountant and have been an address that -- of liberty reserve just using their name.
Using their birth -- using an email address that's that's not the model that law enforcement says is gonna.
Fly with them.
And they're looking at Malaysia Russia Nigeria Vietnam as nexus is of activity for virtual currency operations that they are targeting.
So what they also found a liberty reserve case.
-- his belief in criminal use -- account if that's fake account names.
Let's take a look at some of the names that they were using look at this Russian hacker hacked her account.
Joseph -- a 123 fake main street and on so you don't -- think you look that's right and -- we have also other breaking news that OK pay has suspended processing.
Up for all bitcoin exchanges so.
There's leery -- -- in fear now.
Throughout the virtual currency world that these individuals may be in the cross hairs of the US government.
Let's say something we heard this two or three months ago that the US government is going to use the Patriot Act.
And used the long arm of the law ought to be easily stretch around the world to -- these operators in the virtual -- who broke his drug traffickers possible terrorist financing years.
People who engage in child trafficking are using these sites to launder money so this is hot issue now for the department of justice and Homeland Security.
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