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Interesting,
As I have said many times, it was just a matter of time, and the time has come for eGold and all the scams they supported over the years. Once the feds get their teeth into you, they never let go, and this started over two years ago, and with IRS being given records, this one is not over with eGold demise, stay tuned.
#07-301: 04-27-07 Digital Currency Business E-Gold Indicted for Money Laundering and Illegal Money Transmitting
Good luck and health to all, Mike
Could be the end of all non SEC registered investments, programs, games, etc.
Agreed,Quote:
Originally Posted by livefree
It has been coming for a long time, and with so many scams who have hidden behind eGold and similar exchanges, it was just a matter of time. Just as the feds attacked offshore online gambling, they are in deep crap economically, so they are grasping at everything which could infuse cash into the broken depreciating dollar.
Good luck and health to all, Mike
I think maybe we are giving the US admin too much credit for what they can do as apposed to what they can try. They have tried this in the past with E-Gold and failed.Quote:
Originally Posted by Offshore-Wealth.com
Bush made a complete ass out of himself and the US admin with his "weapons of mass destruction" and now has himself and the US in a death spiral with Iraq.
US gov't agencies like the SEC and the FBI have repeatedly thrust forth attempts to destroy US rights.
This is just another page in the "destroy America" saga that has been "front page" news in the US admin for years and they are so desperate for cash that they will try anything to steal from the citizens that put them in charge in the first place.
As far as scams hidding behind E-Gold........scams hid behind the banking systems of the world and sometimes are even run by some banking systems. The US admin has been directly involved in the running and proceeds from scams for years. The Federal Reserve itself is , along with the IRS, the biggest scams run by the US admin.
What about the oil companies......where have you seen a bigger scam than these oil companies robbing US citizens and people of the world for every dollar possible with no regard whatsoever. The US gov't as well as other world gov'ts, repeatedly grab their share through enormous taxes from these scams with NO consciousness regarding the harm they are causing.
Someone once said that the finality of all this would be like pulling the plug from a huge sink of water.The water spirals down into the drain faster and faster with little or no concern as to the outcome. The US admin has been at the beginning of this scenario for several years and we now see this downward trend moving faster. We could very well be seeing history in the making.
Quote:
Originally Posted by chicosan
YOU ARE VERY CORRECT. The Demise Of the Unconstitutional Federal Reserve System is Not Very far. For more Info., visit the site below:
The Astounding Leo Wanta $27 Trillion Banking Crisis
pinetree
Ya I Love You Guys!!!!!!!!!!!!!!!!
Down With The Pigs...........................
I found this in another forum quoted by "my2king"
"Don't know if you subscribe to DGC Chat, but Ian Green just
made a post worth bearing in mind, one which recounts the
things we've heard from the government about e-gold over the
years (like myself, Ian's been around almost since the begining.)
1) e-gold has co-operated with the FBI and SEC on numerous
fraud investigations, going back as far as the year 2000,
often without being forced via a court order.
2) e-gold was denied a money transmitter licence in 2002 and
2004, on the basis that they were not a money transmitter
business. In the famous BusinessWeek article, a guy from the
FBI explicitly states that e-gold is not subject to the same
laws as eg. your bank on the corner.
3) e-gold 100% co-operated, without a court order, on a major
IRS investigation in 2004, and the ShadowCrew bust in 2005
with the Secret Service and DoJ -- also without a court order.
4) All that, but the current indictment uses this same timeframe
-- 1999 to 2005 -- as the specific timeframe when e-gold was acting
illegally. Not from 1996 to 1999, and not from 2005 to 2007, but
the six-year period when e-gold was probably much more sanguine
than they are now about co-operating, since they had not yet been
dragged backwards through the briar patch by the media and government
as they have been the last couple of years.
I also would add a couple of things -- regarding child pornography.
E-gold is a charter member of the Financial Coalition to Eradicate
Child Pornography, a group run by the National Center for Missing
and Exploited Children. They have always taken child porn seriously
and always taken steps to eliminate cp pushers from the e-gold system,
despite what the media and incictment allege. In and of itself this
is just an "okay, that's super" factoid, but what is generally
non-public knowledge is that I myself was asked to appear before
the US House of Representatives Finance Committee last year, to
discuss initiatives in the industry against child pornography.
This meeting fell apart when the woman from the committee simply
stopped responding to my messages. She stopped responding to my
messages because they were _not_ interested in anything to do
with cp! Everytime we talked or e-mailed the conversation
immediately switched to "what do you know about Doug Jackson?"
and an insistence on talking about tax evasion and money laundering.
When I continually tried to steer the conversation back to kiddie
porn she simply stopped communicating with me and the FC withdrew
their invitation for me to come to speak. I still have all the old
e-mails and notes between her and myself; maybe I should post them
online somewhere. The fact that the restraining order allows e-gold
to continue out-exchanges and unbailments in furtherance of
out-exchanges is actually extraordinary if you think about it.
Look at EMO, ICIS, INTGold and other forced closings in the US.
In fact, and maybe mention this to your list, it speaks _very_well_
of e-gold that they are being allowed to do this. It is basically 1)
an acknowledgement by the government that e-gold is not suspected of
any fraud, and 2) an acknowledgement by the government that e-gold
is actually gold-backed. Since various anti-e-gold *****s at
TalkGold and elsewhere have questioned e-gold's integrity for years,
I think that these two points need to be reinforced to the
general public."
Here's a rare gem from TalkGold..............
"You finally get it! The majority of e-gold's money was/is in HYIP programs. Even though it was/is just as illegal for HYIP and investment programs to use e-gold as a payment medium, the government was not concerned about this as they were looking at different scenarios to profit from the e-gold system.
Well of course the US were not concerned with E-Gold servicing the HYIP arena of programs, games, and ponzis.
The US admin is so deep into the use of ponzi scams themselves that they weren't about to shoot the goose that lays the golden egg.
E-gold did not cooperate with the U.S government regarding hyips because they weren't asked to. This is evident in the number of HYIP or similar programs and it's participants that were not blocked or that continued to operate as normal and use e-gold after the FBI got involved. Read the lengthly article MrGSH just posted regarding Mr. Jackson opinion of the indictment or the actual DOJ press release. Where does the U.S Government mention anywhere HYIP or unlawful investment programs?
Of course not.....then they woud have to shut down he IRS and the Federal Reserve to name a few.
Why isn't the SEC involved along with the FBI, Secret Service, etc? This is where you see the hypocrisy regarding this matter. Once they figured out that e-gold would not work to bring the large amounts of money they currently have within a legal manner and that very few people would not use e-gold with revamped i.d guidelines along with the large amount of illegal money that would leave the system, not being able to gain tax revenues on e-gold, and that e-gold was not another paypal in the making, the U.S governement backtracked and started putting the clamps on e-gold.
They just can't seem to avoid the temptation to shoot themselves in the foot......they should try for the head..
Furthermore, the SEC would shut down all HYIP programs even if e-gold was attempting to reform it's act against other thiefs and criminals and remains operational. In essence the majority of the money within e-gold's coffiers and transfered in and out of e-gold are illegal (based on the U.S governments laws).
Ah...but you forget....a great many activities perpetrated by the US admin against US citizens is also illegal. They must keep missing shooting themselves in the foot.
Remember, some in some countries child ****o, e-mail spam, counterfeit products, downloading copyright music/movies are not considered illegal or serious infractions, thus criminal actions is rarely is enforced."
Stirring the whole process up the way it should be, the endictment should really go against a US administration that is so fraught with illegal practices that this attempt is ludicrous.
Interesting,
The more I read on this the more it looks like this will be the death of HYIP's in U.S. and probable everywhere in time given they all used eGold, and no matter what anyone thinks, eGold is toast, and the others who were also domiciled in U.S. as exchanger will soon follow. All you have to do is go after the biggest and oldest, seize everything, and look at all the money which will be tied up until feds burn it all in their investigation and audit process. This is what they always do, and they are ******* of bleeding the assets until little is left for investor redress.
Good luck and health to all, Mike
I think it is only advisable NOT to hang on too long or anymore or longer but to release whatever one still has and LET IT GO soon...:nocomment
HiQuote:
Originally Posted by Offshore-Wealth.com
If e-gold goes down, it wont be the death of hyips. You will see 100 services as e-gold popping up from all corners of the world, in such case.
When Evocash went down as well as EMO and many others, people just changes e-currency deliverer.
Most hyip scripts today accept several e-currencies. If not e-gold, people will move to:
Pecunix.com
Phoenix Dollar:
goldmoney.com
others...
Regards
admin
Interesting,
No doubt others will pop up to fill void, but lets face it, eGold was the gold standard in industry. (g) With a degree of trust unmatched by any other, it would be harder to trust the new guy on the block, and that is the real problem I see. Heck, I didn't trust eGold, so to say I would trust eNewbieGold would be a stretch. I still say it will be a major ripple effect on all who relied on any of these e-currencies. Time will tell, as it always does. (g)
Good luck and health to all, Mike
Maybe many will be forced to go the route SwissCash went with those 40 or 50 E-POINT EXCHANGERS. This seems to be the new script of choice now days. Buy E-Points from an exchanger or pay your Upline for them.Quote:
Originally Posted by Admin
I'm surely convinced that there is a WorldWide Scammer Network out there in the Universe that has it's own ThinkTank out there somewhere figuring all this stuff out. So we'll no doubt always have plenty to talk about.:beer:
Quote:
Originally Posted by Offshore-Wealth.com
Hi
I agree with you. E-gold has been in the industry for about 10 years now, and built their trust. It will for sure be hard for any new company to match that.. It will be a major blow to the hyip industry, but slowly people will get used to other e-currencies out there.
as you said. Time will tell.
regards
admin