Liberty Reserve IT Manager Pleads Guilty to Money Laundering Charges

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A Costa Rican man who served as the former IT manager for now-defunct early digital currency company Liberty Reserve has pleaded guilty to operating an illegal and unlicensed money transmitting business.

On Tuesday, 28-year-old Maxim Chukharev appeared before US District Judge Denise Cote to enter the latest plea in the case. Six of his co-workers have been charged with crimes related to the operations of Liberty Reserve, and three have pleaded guilty to date.

Prosecutors said Chukharev played a crucial role in maintaining the company’s technological infrastructure, which authorities estimate was used to process $6bn in transactions.

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