Liberty Reserve Founder Cops To $6B Laundering Scam

Law360, Los Angeles (October 31, 2013, 8:21 PM EDT) -- A co-founder of Liberty Reserve, a digital currency operator accused of laundering more than $6 billion for a clientele of criminals, pled guilty Thursday to money laundering and other charges, according to the U.S. attorney's office in Manhattan. 

In a hearing before U.S. District Judge Denise L. Cote, Vladimir Kats, 41, of Brooklyn, pled guilty to five counts stemming from his role in running Liberty Reserve, which authorities have said is one of the largest money laundering schemes ever prosecuted. 

Kats pled guilty to one count...
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