Digital Currency Business E-Gold Indicted for Money Laundering and Illegal.... - GoFuckYourself.com

Jace · 05-01-2007, 01:06 PM

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

Quote:

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

seeric · 05-01-2007, 01:14 PM

there are more of these types of grand jury indictments coming too.

Pornwolf · 05-01-2007, 01:16 PM

Saw this coming 5 years ago.

Jace · 05-01-2007, 01:17 PM

Quote:

Originally Posted by A1R3K

jesus i wish someone would create an ewallet that works

the issue comes in when everyone that does create one wants to be greedy and handle every industry all at once...check out paypal, they are awesome, general payments and no adult or gambling

then you have everyone else who is taking any payment, from adult, gambling, etc....and they get shut down left and right

if someone was to create another paypal and allow adult but not gambling, it would ROCK

Evil E · 05-01-2007, 01:57 PM

Google checkout, but they have the same rules as paypal...

05-01-2007, 01:14 PM	#2
seeric .......... Industry Role: Join Date: Aug 2004 Location: .......... Posts: 41,917	there are more of these types of grand jury indictments coming too. Last edited by seeric; 05-01-2007 at 01:16 PM..

05-01-2007, 01:16 PM	#3
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	Saw this coming 5 years ago. __________________ I've trusted my sites to them for over a decade... Webair, bitches.

05-01-2007, 01:57 PM	#5
Evil E Confirmed User Join Date: Apr 2005 Location: Lazyness is a lifestyle Posts: 3,201	Google checkout, but they have the same rules as paypal... __________________ A girl once told me "Give me 8 inches and make it HURT". So, I fucked her twice and hit her with a brick.