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Chinese Money Laundering / Gold Farming Ringleaders busted in Korea - Smuggled $38 Million to China in 18 months

:galit:Korean police busted the leaders a money laundering group for a Chinese Gold Farming ring (the relationship between the two groups is unclear) which targeted Korean online games. The group smuggled $38 Million over 18 months (!) from Korea to China (I think this is what they were prosecuted for - they made false purchases to a Hong Kong paper company to expatriate / launder their funds). Apparently the organization had a pool of IP addresses that made the gold farming group appear to be located at a Korean internet cafe.
The money launderers took a modest 3 to 5 percent commission (which seems pretty low... I think this would imply that they are involved in the gold farming business as well as money laundering). Charges were also filed against 11 Korean citizens who provided bank accounts to help move the money. ( www.playnoevil.com )

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