BULLETIN: New South Wales Police Arrest Man For Fraud Crimes Allegedly Linked To Liberty Reserve

breakingnews72BULLETIN: (UPDATED 11:43 P.M. EDT U.S.A.) The New South Wales Police Force (Australia) has arrested a 21-year-old man, amid allegations he was laundering money through Liberty Reserve. Officials did not identify the man in a news release announcing the arrest, but said he did not apply for bail and remains in custody.

In a statement, police said the man was charged with one count of knowingly dealing with proceeds of crime with intent to conceal, one count of unauthorized function with intent to commit a serious offense and five counts of fraud.

From the NSW Police Force (italics/bolding added):

Last month, police officers from the Fraud and Cybercrime Squad formed Strike Force Kaye to investigate a large number of electronic devices, which were found following a search warrant at a property in The Rocks on 10 May 2013.

Following a month-long investigation, police yesterday (Monday 10 June 2013) charged a 21-year-old man after he appeared in Central Local Court on other matters.

In May, U.S. federal prosecutors in New York described Liberty Reserve as a criminal enterprise that had laundered $6 billion for various subgroups of scammers and criminals.

Charged criminally in the United States last month were alleged Liberty Reserve co-conspirators Arthur Budovsky; Vladimir Kats, also known as “Ragnar”; Ahmed Yassine Abdelghani, also known as “Alex”; Allan Esteban Hildago Jimenez, also known as “Allen Garcia”; Azzeddine El Amine; Mark Marmilev, also known as “Marko” and “Mark Halls”; and Maxim Chukharev.

The New South Wales Police Force did not specifically reference Liberty Reserve in its release announcing the arrest of the 21-year-old. Rather, the agency described it as a “Costa Rica-based currency transfer and payment-processing company” that “was shut down by an overseas government last month.”

Liberty Reserve was tied in the U.S. indictment to the crimes of  “credit card fraud, identity theft, investment fraud, computer hacking, child pornography, and narcotics trafficking.”

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One Response to “BULLETIN: New South Wales Police Arrest Man For Fraud Crimes Allegedly Linked To Liberty Reserve”

  1. More news from down under:
    Technocash Closing Under Liberty Reserve Damage

    Following the investigation, Technocash has decided to close down its business due to having their accounts closed by local banks. In a letter to clients, the firm stated that “Unfortunately, Technocash has been caught up in the US government’s action against Liberty Reserve and has suffered collateral damage. We had been open until now providing services for our clients but clearly this is no longer viable because our Australian banks have been closing our accounts so we can no longer operate. Technocash has complied with Australia’s comprehensive AML regime, verified customers and has an AFS licence since 2003.”

    I read elsewhere that Technocash started up with a grant from the Australian government.