Thread: E-gold
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Old 04-19-2002, 06:37 PM  
Forkbeard
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Aren't they in the middle of either and FTC or a state attorney general investigation at the moment?
They may very well be -- I heard something about that in connection with all the Ponzi artists that were using their system. Some of those folks doing "online stock market games" were among their biggest customers at one point. Arguably not their fault, but it caused them no end of headaches. Basically, they discovered that, in this country, you can't be in the payments industry and get away with not caring about the financial activities of your customers.

Some folks were telling them way back in 1996 that they ought to operate 100% offshore -- but it took the Ponzi people to show them why.
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