E-gold situation going downhill fast(post taken fromweb in august 2007) Posted for
information,on whats going on with egold at a later time.
Well since the last post about 40 hours ago, things have seemingly gotten
worse. There are literally thousands of new e-gold accounts blocked, and apparently many of these account holders don’t even have the option to send in their personal data to E-gold to have them unblock their accounts.
One poor individual at the Talkgold forum even reported having 3 of his entire accounts with over
$1,000,000.00 simply erased. Here is a snippet from his post at the forum, in which he explains he used the money for online forex brokerage accounts he had, which had no connection to money laundering or scamming anyone:
Deleted accounts details:
965***(Sam_Retwert) Last known balance: ~ $32,310 - frozen (login blocked) 08.23.2007
2024*** Last known balance: ~ $75,870 - deleted 08.23.2007
2457*** Last known balance: ~ $892,170. - deleted 08.23.07
4522*** Last known balance: ~ $124,150 - deleted 08.23.07
We are planning to start legal actions against e-Gold ltd and G&SR Inc.
Common complaint from many e-Gold users can speed-up legal enforcements.
If you want to take your part in our actions, post here your account number, contact email and your complaints against e-Gold here, or e-mail it us to [email protected]
found at:
Legal actions against account blocking and deleting
Ironically it seems as though E-gold is blocking the accounts of people who have nothing to do with money laundering or scamming, and leaving the accounts of many Quesitonable HYIPs, investment schemes, and money launderers untouched.
I personally don’t see a problem with them locking accounts until they receive proper verfication of personal details, but deleting and locking accounts without allowing their owners the chance to take the funds out or verify their identities is simply immoral, unfair, and unjust. Who knows how many millions of dollars are currently locked in the E-gold system, or how many accounts like that of Mr. Pollack above have been erased completely?
If your account is locked, there are ways to get the money out. You first need another account you have had for at least 3 months and then select within that account to “accept funds from blocked accounts”. Once you transfer the money to the older account, you will need to outexchange it through
Me-Gold.com or another exchanger.
In my opinion the days of E-gold are numbered, as well as the trust most of us had in their system. All we can do is hope that they come to a resolution on all these issues that is fair to their clients, some of over 10 years.
As for people looking for ecurrencies which are relatively anonymous, as well as eccurencies which do not put the payment recipients at risk of chargebacks, we will go more into this in the following blog entries shortly.
Also for a quick way to find if an account is blocked just goto this url: XXXXX.e-gold.com. Replace XXXXX with the egold account name. If it doesn’t say the account is blocked to new spend then the account is good.