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Laundering Scheme

The Takeaway

Currency Exchange Accused of Laundering $6 Billion

Wednesday, May 29, 2013

Federal prosecutors have now charged seven people with running what could turn out to be the largest money-laundering operation in U.S. history. The case revolves around an online payment company called Liberty Reserve. Investigators say, it laundered $6 billion for criminals around the world, including drug dealers, credit card fraudsters, and child pornographers. Jeffrey Robinson is the author of "The Laundrymen" and is known as one of the world's leading experts on international financial crime.

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The Brian Lehrer Show

$6 Billion Money Laundering Charges Against Liberty Reserve

Wednesday, May 29, 2013

Diane Brady, Bloomberg BusinessWeek senior editor and author of Fraternity (Spiegel & Grau, 2012) talks about the charges against Liberty Reserve, how the scheme allegedly worked, and what the fall out will be.

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