Money-laundering Ring Busted

This news has some Mafia dons quaking. Liberty Reserve is being charged with the largest online money-laundering case ever, where over a period of seven years it laundered over $6 billion, likely for criminals involved in identity theft and child porn. The laundering involved millions of people all over the world, and around 200,000 in the US. The case is seen as a water shed moment in money laundering by demonstrating how much of it now takes place online.