Payments trail reveals illicit underground economy

Overseas spammers have shipped Damon McCoy fake handbags and watches. But it wasn’t cheap fashion he was after, it was a better understanding of the economy that supports it.

With the help of corporate attorneys, colleagues at UC Berkeley and UC San Diego, among others, the New York University assistant professor of computer science said he’s worked out a map of an underground system that gets overseas merchants of fake merchandise paid.

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