Federal and International

Chief Technology Officer of Liberty Reserve Sentenced to Five Years in Prison

Washington, DC—(ENEWSPF)—December 12, 2014. The former chief technology officer of Liberty Reserve was sentenced today to serve five years in prison for conspiring to operate an unlicensed money transmitting business that processed more than $16 billion through Liberty Reserve’s digital currency system.  The Court found that Marmilev understood the illegal nature of Liberty Reserve’s business and that he knew that a wide array of criminal enterprises used Liberty Reserve to further their criminal activity.

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