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I was shoked when i read it
Guy, what's going on?
On July 7, 2008 a voluntary petition regulated by Chapter 7, Bankruptcy Code (Title 11, United States Code) was submitted in respect of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. The present petition was submitted voluntarily, i.e. personally by the Chairman of E-gold Douglas Jackson and Director Barry K. Downey.
July 7, 2008 -- On July 7, 2008 a voluntary petition regulated by Chapter 7, Bankruptcy Code (Title 11, United States Code) was submitted in respect of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. The present petition was submitted voluntarily, i.e. personally by the Chairman of E-gold Douglas Jackson and Director Barry K. Downey.
Since Chapter 7 of Bankruptcy Code determines the duties of the debtor to notify all the organization creditors of the bankruptcy process in advance, this public utterance targets to inform all the creditors that E-gold Ltd. and Gold & Silver Reserve (G&SR) are not liable for the obligations to the creditors, i.e. the companies are insolvent.
In view of this fact during these coming three days a liquidation proceeding of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be started. The proceeding will be conducted under the control of the federal governor appointed by the United States District Court for the District of Columbia. The name of the federal governor is not a subject to disclose yet. After the appointment of the governor the whole property of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be tuned into the bankruptcy assets and will be put out to auction to fulfill the existing liabilities to the creditors. The appointed governor collects the property of the debtor (except the property excluded from the bankruptcy assets and obtained by the debtor after the bankruptcy proceeding began), reduces to money and distributes the collected funds to the creditors following the requirements stated in article 726. Today the property of E-gold is presented by the computers and the office furniture. The registered capital of the company is $20000. All the gold accounts of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. Will be arrested during 7 days and then will be studied with the object to legitimacy and legality of the funds in them.
The liquidation proceeding of the legal entities E-gold Ltd. and Gold & Silver
Reserve (G&SR) Inc. will be performed as soon as practicable in accordance with article 704 which states that "the trustee shall collect and reduce to money the property of the estate for which such trustee serves, and close such estate as expeditiously as is compatible with the best interests of parties in interest."
We, Douglas Jackson and Barry K. Downey, announce the possible massive ddos-attacks due to the declared bankruptcy of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc., hereupon the system may operate unstable.
In accordance with the Chapter 7 of the Bankruptcy Code after the completion of the liquidation proceeding E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc., and thus e-gold will go into liquidation. http://www.newsguide.us/business/e-c...-announcement/
I was shoked when i read it
Guy, what's going on?
On July 7, 2008 a voluntary petition regulated by Chapter 7, Bankruptcy Code (Title 11, United States Code) was submitted in respect of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. The present petition was submitted voluntarily, i.e. personally by the Chairman of E-gold Douglas Jackson and Director Barry K. Downey.
July 7, 2008 -- On July 7, 2008 a voluntary petition regulated by Chapter 7, Bankruptcy Code (Title 11, United States Code) was submitted in respect of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. The present petition was submitted voluntarily, i.e. personally by the Chairman of E-gold Douglas Jackson and Director Barry K. Downey.
Since Chapter 7 of Bankruptcy Code determines the duties of the debtor to notify all the organization creditors of the bankruptcy process in advance, this public utterance targets to inform all the creditors that E-gold Ltd. and Gold & Silver Reserve (G&SR) are not liable for the obligations to the creditors, i.e. the companies are insolvent.
In view of this fact during these coming three days a liquidation proceeding of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be started. The proceeding will be conducted under the control of the federal governor appointed by the United States District Court for the District of Columbia. The name of the federal governor is not a subject to disclose yet. After the appointment of the governor the whole property of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be tuned into the bankruptcy assets and will be put out to auction to fulfill the existing liabilities to the creditors. The appointed governor collects the property of the debtor (except the property excluded from the bankruptcy assets and obtained by the debtor after the bankruptcy proceeding began), reduces to money and distributes the collected funds to the creditors following the requirements stated in article 726. Today the property of E-gold is presented by the computers and the office furniture. The registered capital of the company is $20000. All the gold accounts of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. Will be arrested during 7 days and then will be studied with the object to legitimacy and legality of the funds in them.
The liquidation proceeding of the legal entities E-gold Ltd. and Gold & Silver
Reserve (G&SR) Inc. will be performed as soon as practicable in accordance with article 704 which states that "the trustee shall collect and reduce to money the property of the estate for which such trustee serves, and close such estate as expeditiously as is compatible with the best interests of parties in interest."
We, Douglas Jackson and Barry K. Downey, announce the possible massive ddos-attacks due to the declared bankruptcy of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc., hereupon the system may operate unstable.
In accordance with the Chapter 7 of the Bankruptcy Code after the completion of the liquidation proceeding E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc., and thus e-gold will go into liquidation. http://www.newsguide.us/business/e-c...-announcement/
I head that E-Gold is gone. Now E-Gold has big problems.A lot of people loosed their money. I have only one question, Where is the money?
e-Gold Pleads Guilty to Money Laundering
The first digital gold activist now face years and fines when he is sentenced on November 20. Please click HERE to read the article.
Do you think E-gold owners will go to jail? What do you think about E-gold`s future?
Yes, I think they will all go to jail by end of year. The gov. is going to make poster child of scams of e-Gold to scare all the others out of country, if not out of business. Since gov. has pretty much been running e-Gold for years with receiver appointed by judge, and IRS having access to all records, there is no way e-Gold will exist for the bankruptcy and siezure of all assets, never mind the fines would make it impossible to survive in my opinion. The only question I have is I wonder how many will lose money besides owners when IRS comes a knocking?
When that day arrives, Mike, please add EGold to the annals of ROLClub's Scam thread, with an addition... Indicted, Fined, Jailed...for Laundering as charged, which is worse than just being a scam.
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Egold is bankrupt?? 
Mike, please add EGold to the annals of ROLClub's Scam thread, with an addition... Indicted, Fined, Jailed...for Laundering as charged, which is worse than just being a scam. 
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