U.S. Alleges Massive Money-Laundering Scheme

The WSJ says federal prosecutors have accused Liberty Reserve, a digital-currency company located out of Costa Rica, of running a $6-billion money-laundering operation. The indictment comes just months after regulators warned that digital currency exchanges should follow traditional anti-money-laundering rules. Liberty Reserve's CEO, Arthur Budovsky, was convicted in 2006 on similar charges relating to E-Gold. Read it here.