Feds Announce Takedown Of Online ‘Bank Of Choice For The Criminal Underworld’
In the indictment, prosecutors called the network “one of the principal means by which cyber criminals around the world distribute, store and launder proceeds of their illegal activity — including credit card fraud, identity theft, investment fraud, computer hacking, child pornography and narcotics trafficking.”
Bharara said it was possibly “the largest international money laundering case ever brought by the United States.”
Budovsky and another defendant, identified as Azzeddine el Amine, were arrested Friday at a Madrid airport while trying to return to Costa Rica, according to a Spanish court official, who spoke on condition of anonymity because court policy forbids him from speaking on the record. They were ordered jailed while they await a hearing on extradition to the U.S.
Two other men, including Liberty Reserve