LIBERTY RESERVE COFOUNDER MAY BE SENTENCED TO 75 YEARS

Updated: 11/08/2013 19:09
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U.S. Department of Justice has disclosed a decision on culpability of Mr. Vladimir Katz, the cofounder of Liberty Reserve in money laundering...

U.S. Department of Justice has disclosed a decision on culpability of Mr. Vladimir Katz, the co-founder of Liberty Reserve in money laundering assisting cyber criminals. The relevant authorities have constituted that Liberty Reserve way of work allowed cybercriminals completing illegal money transactions in an absolutely anonymous way. and the Liberty Reserve payment system itself has not been registered in the U.S. Financial Crimes Enforcement Network. In consideration of the premises the identities of the facilitators have not been verified properly.

Thus and so Katz can go to jail for 75 years on the accusations accumulated given below:
- money laundering (up to 20 years)
- managing payment system with no licence (5 years)
- conspiracy on managing the payment system with no licence (5 years)
- obtaining child porno (15-40 years)
- conclusion of sham marriage (5 years)



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