“Vladimir Kats, one of the co-founders of digital currency service Liberty Reserve has pleaded guilty to a number of charges including money laundering, marriage fraud and receiving child pornography. The 41-year-old from Brooklyn, New York issued his plea at a federal court before US district judge Denise L. Cote yesterday (31st October). Many of the charges he faced related to his role in running Liberty Reserve, which allegedly laundered more than $6bn in suspected proceeds of crimes. If Kats receives the maximum sentence for each charge, he faces 75 years behind bars.”
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