$500 Million Money Laundering

in bitcoin •  7 years ago 

According to the prosecution, prostitution ads have helped Backpage earn $ 500 million after its establishment in 2004, as well as represent the income of illegal activities with every dollar in their transactions. And after the credit card companies stopped the backpages, its operators used several types of withdrawal strategies - according to the suit - Cryptomonnaie, including conversion of customer payments and credit card products. SOURCE https://news.bitcoin.com/us-authorities-charge-backpage-com-operators-with-laundering-500-million/

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