Costa Rica, US Halt Currency Fraud

Authorities from two continents have pulled the plug on a huge money-laundering scheme committed by a Costa Rica-based company.

Costa Rican police and U.S. authorities said Tuesday the currency system Liberty Reserve has been charged with processing tens of millions of illegal money transactions.

A notice posted on Liberty Reserve’s web site says the domain “has been seized” by U.S. authorities.

Costa Rican police say authorities arrested the company’s founder Friday in …

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