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An Internet site that users change real money for digital currency has been down by the USA's Department of Justice (DOJ). The site, Liberty Reserve.com, was a place for criminals around the world to money. Money laundering is when "dirty cash" from drugs, robberies, etc. is into "clean money" that the crime gangs can use. Criminals (changed) more than $6 billion using Liberty Reserve. Police are locations in 17 countries and have away dozens of computers and hard disk drives. They these can them find out more about how Liberty Reserve operated. The DOJ says this is the largest case of money laundering ever.

Liberty Reserve.com like a website for people to change dollars, euro and other currencies into digital money. Owners of other digital cash sites this system it easier and cheaper to transfer money around the world. However, the DOJ says Liberty Reserve was with the main purpose of laundering money. It says the website was , "to help criminals illegal transactions and launder the proceeds of their crimes". It the site was, "a financial hub of the cyber crime world" that credit card theft, investment fraud, hacking, child pornography and drug trafficking. Many honest people who Liberty Reserve are now worried they have their money.

 


 
 

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