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  1. #1
    Join Date
    Feb 2006
    Posts
    219

    E-Gold Indicted for money laundering

    http://www.usdoj.gov/opa/pr/2007/April/07_crm_301.html

    Digital Currency Business E-Gold Indicted for
    Money Laundering and Illegal Money Transmitting
    WASHINGTON – A federal grand jury in Washington, D.C. has indicted two companies operating a digital currency business and their owners on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney for the District of Columbia Jeffrey A. Taylor announced today.

    The four-count indictment, handed down on April 24, 2007, and unsealed today, charges E‑Gold Ltd; Gold & Silver Reserve, Inc.; and their owners Dr. Douglas L. Jackson, of Satellite Beach, Fla.; Reid A. Jackson, of Melbourne, Fla.; and Barry K. Downey, of Woodbine, Md., each with one count of conspiracy to launder monetary instruments, one count of conspiracy to operate an unlicensed money transmitting business, one count of operating an unlicensed money transmitting business under federal law and one count of money transmission without a license under D.C. law.

    Subsequent to the indictment, the Department of Justice also obtained a restraining order on the defendants to prevent the dissipation of assets by the defendants, and 24 seizure warrants on over 58 accounts believed to be property involved in money laundering and operation of an unlicensed money transmitting business. The restraining order does not limit the E‑Gold operation’s ability to use its existing funds to satisfy requests to exchange E-Gold into national currency for customers of non-seized accounts, or its ability to sell precious metals to accomplish the same, once approval has been received.

    for more see link

  2. #2
    Join Date
    Feb 2007
    Posts
    512

    Re: E-Gold Indicted for money laundering

    what a frikkin surprise. We've been warning everyone for AGES that if it has e-gold in it, its a scam.

    Anyone got caught by this despite all the warnings, serves em right.

  3. #3
    Join Date
    Feb 2006
    Posts
    219

    Re: E-Gold Indicted for money laundering

    Plus, there's also this from Money Net News:
    http://www.moneynetnews.com/articles...izes-Gold.html
    Quote:
    US Government Forces E-gold Redemptions - Seizes Gold

    In an unprecedented move on or just before Wednesday May 9th, 2007, the United States of America has forced Omnipay et al E-gold to redeem all the gold backing the 58 previously frozen accounts owned by e-gold, 1mdc, icegold and a handful of other exchangers and customers to be liquidated effective immediately to a us dollar account owned by the federal government.

    According to the reduction in the gold bar list, the bar count
    has dropped by 48 bars of approximately 400 oz each between May 3, and May 9.

    This redemption totals USD $11.357 Million.

    Date Gold Grams ($ Value)
    03-05-07 3,489,436 77.015 Million
    09-05-07 2,974,871 65.668 Milllion

    Gold Bars value Sold: USD 11.357 Million

    MoneyNetNews has learned from a reliable source that e-gold has been ordered to hand over a fresh copy of the customer database when the redemption is completed.

    MoneyNetNews cannot confirm if all of the 48 bars redeemed account for the forfeiture action of the United States. It is possible that a part of this activity can be accounted for by increased volatility in e-gold's general market.

    Not only was E-gold / Omnipay ordered to convert gold (and silver) holdings in the seized accounts into US Dollars, but that included their own (Omnipay's, and E-gold's) frozen (seized) accounts. This will ultimately result is great losses of value over time even if the victims of the seizures are found to be innocent due to the in progress bull market in gold and bear
    market in US Dollars.

    The seizure order appears to be unrelated to the criminal case in progress against E-gold and OmniPay in that the seizure of the accounts by the government was done under a (separate) civil case, for which the Government has yet to file
    anything.

    By doing so, the government was able to seize accounts without having to reveal anything to the owners of the accounts themselves. By law, the government has 30, and possibly up to 90 days to file a complaint.

    Until the government civil filing is done, none of the victims of the seizures can possibly do anything to defend themselves, not even obtain information as to why their accounts have been seized, or what they would have done wrong.

    None of the victims of the account seizures have been advised of anything officially at this time.

  4. #4
    Join Date
    Sep 2004
    Posts
    26,320

    Re: E-Gold Indicted for money laundering

    is this part of the PATRIOT act POWERS!?an abusive harassment designed to shakedown a very lucrative and popular business!?hehe!!......just askn...
    i do not endorse/recommend any advertising on scam.com associated with my name /posts or otherwise. thank you

  5. #5
    Join Date
    May 2007
    Location
    Here
    Posts
    44

    Re: E-Gold Indicted for money laundering

    Hmmm... interesting.
    Thanks
    NEO

    ShitHomeCash.com - a site that pays you to fill out surveys, complete offers, and try products & services from our sponsors - many of the surveys, offers, products, and services are totally free!

  6. #6
    Join Date
    Feb 2006
    Posts
    219

    Re: E-Gold Indicted for money laundering

    Quote Originally Posted by lexx
    is this part of the PATRIOT act POWERS!?an abusive harassment designed to shakedown a very lucrative and popular business!?hehe!!......just askn...
    it must be.

    “Douglas Jackson and his associates operated a sophisticated and widespread international money remitting business, unsupervised and unregulated by any entity in the world, which allowed for anonymous transfers of value at a click of a mouse,” said U.S. Attorney Jeffrey A. Taylor for the District of Columbia. “Not surprisingly, (patriotic) criminals of every stripe gravitated to E-Gold as a place to move their money with impunity. As alleged in the indictment, the defendants in this case knowingly allowed them to do so and profited from their crimes.” (lucrative and popular)

    As alleged in the indictment, the E-Gold payment system has been a preferred means of payment for child pornography distributors, identity thieves, online scammers, and other criminals around the world to launder their illegal income anonymously,” said Assistant Attorney General Alice S. Fisher of the Criminal Division. “

  7. #7
    Join Date
    Oct 2005
    Posts
    134

    Re: E-Gold Indicted for money laundering

    The US federal reserve system, is the largest ponzi scheme, to have ever existed on planet earth.
    It is a scam of biblical proportions.
    If you disagree with this simply look at the thousands of IRS employees who resigned and stopped paying federal income tax only to be prosecuted and a supreme court ruling "They dont have to pay it".
    Anything that threatens that scam will be taken out using any method and any kind of corruption possible.
    More people use paypal for illegal activities everyday than ever used E-gold, someone can sell you a watch through paypal and send you nothing and paypal, will not refund the money.
    Credit cards are the most widely exploited form of payment in existence.
    Why are paypal and credit card companys in existence?
    Because they report everyones income to the Federal Reserve ponzi scheme, E-gold did not do this, this is why they have been taken out.
    There is no freedom when 1 giant ponzi scheme wants to own the whole planet.
    :(
    Im coming over with the stolen Karaoke machine.:rain:
    Do you want somebody to love do you need somebody to love.:rasta:

  8. #8
    Join Date
    Feb 2006
    Posts
    219

    Re: E-Gold Indicted for money laundering

    Quote Originally Posted by TheCableGuy
    The US federal reserve system, is the largest ponzi scheme, to have ever existed on planet earth.
    It is a scam of biblical proportions.
    If you disagree with this simply look at the thousands of IRS employees who resigned and stopped paying federal income tax only to be prosecuted and a supreme court ruling "They dont have to pay it".
    Anything that threatens that scam will be taken out using any method and any kind of corruption possible.
    More people use paypal for illegal activities everyday than ever used E-gold, someone can sell you a watch through paypal and send you nothing and paypal, will not refund the money.
    Credit cards are the most widely exploited form of payment in existence.
    Why are paypal and credit card companys in existence?
    Because they report everyones income to the Federal Reserve ponzi scheme, E-gold did not do this, this is why they have been taken out.
    There is no freedom when 1 giant ponzi scheme wants to own the whole planet.
    :(
    I don't think Paypal sends out 1099's or 1040's. And if Paypal finds out you are using them to sell watches and don't deliver them they will can you, unlike Egold and them. They spent years working with crooks. And some of what you say may be but there is another e-currency company out there, based in Panama , (and I am sure there may be others) still in business, reports nothing to nobody, but unlike E-gold, Intgold, StormPay, EMO and Evocash (which dissappeared with millions of $$ of their clients money) that company, like Paypal, did not do business with every ponzi scam on the planet or HYIPS which are/were nothing more than images on a computer screen and leave/left most of their clients with nothing to show for their "investments".

    When you borrow money from a Fed Reserve bank, you receive the cash, you benefit, unlike all these scams that used Egold and company just to move cash who just take most people cash, pay a few people to build the money flow and then dissappear.

    And everyone who did business with Egold etc is now known to the IRS. so much for privacy. should be more carefull who you do business with or as GW might say: mission accomplished.
    Last edited by cigs645; 05-24-2007 at 04:47 AM.

  9. #9
    Join Date
    Feb 2006
    Posts
    219

    Re: E-Gold Indicted for money laundering

    March 15, 2006
    EMO is Shut Down
    Filed under: Investing Online — Dahi @ 8:18 am
    Texas Attorney General Greg Abbott has obtained an asset freeze and emergency approval for a court-appointed receiver to take over the operations of unlicensed Austin-based online payment service EMO Corp after officers are unable to account for $2.4 million in customer cash.


    From http://www.oag.state.tx.us/ - The company and its officers, Todd L. Tredeau, Tracey Jones and Nancy C. Humphries cannot fully account for more than $5.4 million that consumers placed into their accounts. The company’s books show they have only $3 million cash on hand, which means EMO cannot account for $2.4 million belonging to its customers. The officers failed to register with the Texas Banking Department and obtain a license as a “money services business,” as required by law.

    The EMO Corp website was down on March 9th with a message saying the server was down for scheduled maintenance and a DDOS attack was taking place. Today the site shows a scan of a letter from the appointed receiver, Gary Barton.

    According to an EMO Officer, no audit has been performed by the state, and so the numbers reported on the Texas AG website appear to be calculated without any basis in fact. This sounds similiar to the file claimed by Stormpay against 12dailyPro. More details here

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