Virtual Currency Mogul Should Have Stayed In Costa Rica

His new digs in prison will be slightly less tropical, spacious.
Author:
Updated:
Original:

No snow. Or jail.

Virtual currency aficionados may wanna avoid digital currencies based out of Costa Rica for the time being.

The former technology manager of a digital currency company that federal officials allege was being run as a $16 billion money-laundering scheme was sentenced to three years in prison, officials said….

The authorities said Mr. Chukharev, a Russian citizen and resident of Costa Rica, helped design and maintain Liberty Reserve’s technological infrastructure, making it seem like the site had an anti-money-laundering program.

Former IT Manager of Digital-Currency Firm Sentenced to Prison [WSJ]

Related

By AntanaCoins (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Watch The Gyrations Of Famed Fake Currency In Real Time

While we're embracing the madness of the great unraveling, let's trade some Bitcoin futures.

Why You Should Have Bought A Powerball Ticket

"While you are still throwing away money when buying a lottery ticket, you are throwing away less in strictly economic terms when you buy into an unusually large Powerball jackpot."

By Published by Currier & Ives [Public domain], via Wikimedia Commons

The Fort Sumter Of Fake Currencies

War is the remedy that our enemies have chosen, and I say let us give them all they want. -William Tecumseh Sherman

(LinkedIn)

Hedgie’s Horndog Hubbie Didn’t Bleed Enough For His Wife To Stay In Prison

Nasreen Alexandra Lynton-Knight showed immense restraint in giving her husband just a little incision on his hand for screwing her pal, in one judge’s opinion.

(@marydalyecon)

New San Francisco Fed President Probably Should Have Been New N.Y. Fed President

But New York decided to hire San Francisco’s old (white, male) president, instead.