9th November 2012
Crowdfunding sites like Kickstarter are a great way for people with great ideas to get money while circumventing the traditional hurdles of appealing to venture capitalists. Turns out they are also a great way for people with stolen money to get around the law.
On Nov. 5, the founder of the crowdfunding platform Gittip announced that the service had been hijacked as a vehicle for money laundering by a mysterious, anonymous user who had registered on his site about five weeks earlier.
We have the technology, which means that they have it, too.