Liberty Reserve co-founder pleads guilty to money laundering

Vladimir Kats allegedly laundered more than $6 billion in suspected proceeds of crimes

A co-founder of the now defunct digital current services company, Liberty Reserve, pleaded guilty in federal court to money laundering and operating an unlicensed money transmitting business.

Vladimir Kats, 41, of Brooklyn, N.Y., pleaded guilty today to laundering more than $6 billion in suspected proceeds of crimes. The charges stem from his role in running Liberty Reserve, a company that operated one of the world’s most widely used digital currency services.

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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