Tuesday, October 28, 2008

$38M Bust in Korean MMO laundering case

"...Korean police arrested a group responsible for laundering money generated by CHinese gold farming from Korea back to the mainland. Over 18 months, the group wired $38M from Korea to a Hong Kong paper company [ed. Mildly ironic] as payments for purchases." (link)

As Raph concisely puts it "...and where it happens on large scales, regulation cannot be far behind."

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