Digital currency firm co-founder admits to US money laundering charge

[TheIrishman]

Digital currency firm co-founder admits to US money laundering charge

http://www.theguardian.com/us-news/2016/jan/30/digital-currency-firm-co-founder-admits-to-us-money-laundering-charge

<< Guilty plea comes days before Arthur Budovsky, co-founder of Liberty Reserve, was to go on trial accused of enabling criminals to launder more than US$6bn. >>

[bryant.coleman]

Liberty Reserve was rapidly eating away the market share of Paypal, when the Americans decided to close it down. The US authorities wanted to protect the market share of Paypal, and were unhappy with the Liberty Reserve top management, which was almost-exclusively Russian / Russian-Jewish (Arthur Budovsky, Vladimir Kats, Maxim Chukharev, Mark Marmilev.etc).