Part of the $81 Million stolen from Bangladesh bank’s New York Federal Reserve account earlier this year in the wake of the major malware attack on the SWIFT interbank transfer network has been tracked down to a casino in the Philippines.
SWIFT, or Society for Worldwide Interbank Telecommunication, is a global financial messaging system that thousands of banks and organizations around the
In Brief
Arthur Budovsky, co-founder of popular digital currency business ‘Liberty Reserve’, was sentenced Friday to 20 years in prison for running a money laundering scheme for hackers, identity thieves, child pornographers and drug dealers around the globe.
Since its inception, 2005, to the year 2013, when Liberty Reserve was shut down by authorities, the company processed more than $8
On Tuesday, the Dutch Police arrested a 36-year-old man, Danny Manupassa, on suspicion of money laundering and involvement in selling encrypted smartphones to criminals.
Manupassa owns a company called Ennetcom, which provides customized Blackberry Phones with the secure PGP-encrypted network.
Reportedly, Ennetcom sold nearly 19,000 encrypted cell phones at 1500 euros each in last few years.
