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Liberty Reserve Operators Plead Not Guilty in Scheme

Two operators of Liberty Reserve SA pleaded not guilty to U.S. charges that they helped run the largest money-laundering scheme in history,

Vladimir Kats, a Liberty Reserve co-founder, and Mark Marmilev, who the U.S. said helped maintain the business infrastructure, made their first public court appearance since the U.S. announced the case on May 28. A May 24 appearance was held with the charges still under seal, U.S. District Judge Denise Cote said at yesterday’s arraignment in Manhattan.