| Home : September 12 2014 Computer News : CTO for Liberty Reserve payment network pleads guilty |
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CTO for Liberty Reserve payment network pleads guilty |
September 12, 2014
The CTO of a Costa Rica-based payment network that U.S. prosecutors allege primarily served the cybercriminal underworld pleaded guilty on Thursday to one count of conspiring to operate an unlicensed money transmitting business.Mark Marmilev, 35, of Brooklyn, could face a maximum of five years in prison, according to a news release from the U.S. Attorney for the Southern District of New York.Marmilev was accused of designing and maintaining the systems of Liberty Reserve, a digital currency used by a million people worldwide until it was shut down in May 2013. Prosecutors allege that Marmilev knew Liberty Reserve was transmitting funds that came from criminal activity.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2682632/cto-for-liberty-reserve-payment-network-pleads-guilty.html#tk.rss_all
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