Founder of 'Liberty Reserve' Sentenced to 20 years in Prison

In Brief
Arthur Budovsky, co-founder of popular digital currency business 'Liberty Reserve', was sentenced Friday to 20 years in prison for running a money laundering scheme for hackers, identity thieves, child pornographers and drug dealers around the globe.

Since its inception, 2005, to the year 2013, when Liberty Reserve was shut down by authorities, the company processed more than $8

Encrypted Smartphone Network Seized by Dutch Police for Criminal Investigation

On Tuesday, the Dutch Police arrested a 36-year-old man, Danny Manupassa, on suspicion of money laundering and involvement in selling encrypted smartphones to criminals.

Manupassa owns a company called Ennetcom, which provides customized Blackberry Phones with the secure PGP-encrypted network.

Reportedly, Ennetcom sold nearly 19,000 encrypted cell phones at 1500 euros each in last few years.

Variety Jones, A Senior Adviser to ‪Silk Road‬ arrested in Thailand

The man accused of being "a senior advisor" and mentor of Ross Ulbricht, the convicted operator of the illegal drug marketplace Silk Road, has been arrested in Thailand and charged with conspiring to traffic drugs and money laundering.
The US Department of Justice (DoJ) announced on Friday that Roger Thomas Clark, 54, is accused of being "Variety Jones," who was a close confidante of Ulbricht's

Sheep Marketplace Owner Arrested While Trying to Buy Luxury Home

Thomas Jiřikovský, an alleged Owner of one of the most popular Darknet website ‘Sheep Marketplace,’ has been arrested after laundering around $40 Million, making it one of the biggest exit scams in Darknet history.



After the arrest of Silk Road owner 'Ross Ulbricht' in 2013 -- Sheep Marketplace became the next famous anonymous underground marketplace among Black Market customers for

Silk Road founder Ross Ulbricht Convicted of All 7 Charges; Faces Life In Prison

A jury has found Silk Road founder Ross Ulbricht a.k.a Dread Pirate Roberts guilty on all seven counts and faces Life In Prison for running an underground black market i.e. Silk Road.



Ross Ulbricht, a San Francisco 30-year-old web developer was arrested by FBI in a sting operation in October 2013 accusing him of being the criminal mastermind running Silk Road, where hundreds of millions of