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Mon Macutay (GM Tristan), Marketing Manager for Level Up Philippines, on online games, MMORPGs, Gamer Babes, Level Up and Infotech. News, reviews and more!

Author: gmtristan

MMORPGs used for Money Laundering

Posted by gmtristan Sunday September 30 2007 at 6:32AM
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It’s undeniable. There really is a huge secondary market (read: RMT or Real Money Trading) in the online gaming industry. I have heard stories about huge amounts of money being spent for in-game items here and abroad.

Now, criminals may be using the games we love as a way to launder monies from their illegal activities


Reborn17 writes:

So what? Money laundering existed before mmos, and will exist long after. With an estimated 500 billion in illicit drug money in circulation(so much so its said that there's cocaine on every single dollar bill  out there) and barely a penny of it confiscated and with the General Accounting Office claiming the govt can't account for over 2 trillion missing dollars in any  given fiscal year, this article would have people believe this represents a mountain instead of a molehill. Honestly, it appears to be someone's attempt to make internet anonymity look like a bad thing using hysteria and misdirection.

Sun Sep 30 2007 3:00PM Report
Fenerel writes:

not surpising really...


Mon Oct 01 2007 1:09AM Report
windstrike1 writes:

yup, entirely expected.  MMOS operate illegal currency enchanges. I've often said that if you really want to stop gold sellers, contact government currency regulation offices.  They will shut that s**t down in a heartbeat.

Sun Oct 07 2007 5:21PM Report
gmtristan writes:

I guess there's no real way to stop this. Just sharing my thoughts. Thanks for the comments

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