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E-gold Major Agents’ Accounts Seized By US Government and 1MDC Is No Longer Operational.
It now appears this morning that all large e-gold exchange agents doing business with US clients have had their e-gold accounts seized by US court order.
Here is what we know as of this morning.
- Icegold, AnyGoldNow, 1mdc, Omnipay and other large exchange agents have all had their accounts blocked by a US government agency court order.
- When attempting to log in on these accounts, the e-gold server responds that the account does not exist. It appears the accounts have been seized by the US authorities.
- It is now not possible to unbail (withdraw) bars from e-gold Ltd.
From the 1mdc web site. http://www.1mdc.com/
ATTENTION
Friday Apr 27 2007 - 4AM UTC
It appears that a U.S. Government court order has forced e-gold(R) to close down or confiscate all of 1mdc’s accounts. All 1mdc account’s have been closed at e-gold by order of the US Government.
Please note that it appears the accounts of many of the largest exchangers and largest users of e-gold have also been closed or confiscated overnight: millions of Euros of gold have been lost or confiscated in this event. Many of the largest exchangers are shutdown.
Realistically, it is extremely unlikely that this action will ever be reversed.
If the action is reversed, your e-gold grams remaining in 1mdc will “unbail” normally to your e-gold account.
You CAN spend your 1mdc back and fore to other 1mdc accounts. However you must be aware that it is likely your e-gold will never be released from e-gold.
Ultimately e-gold(R) is an entirely USA-based company, owned and operated by US citizens, so, as e-gold users we must respect the decisions of US courts and the US authorities regarding the disposition of e-gold and the safety and security of US citizens.
Even though 1mdc has no connection whatsoever to the USA, and most 1mdc users are non-USA, ultimately e-gold is USA based.
1mdc thanks it’s users and technical staff and support staff. From 1mdc’s point of view, 1mdc had only just started to generate income from spend fees so five years expense and experimentation was wasted.
It is the opinion of your 1mdc team that:
-
The early era of DGC privacy is over.
-
USA citizens will simply never be able to use DGCs.
-
The only DGCs that operate from now on will:
-
(a) Have no connection to the US
-
(b) Have no USA users (exactly as Swiss banks have no USA users)
-
(c) Will have higher ID requirements than e-gold currently does.
-
You are welcome to email “team@1mdc.com” but, again, the realistic view is that the e-gold(R) will never be released. Note that of all e-gold confiscated by US court order, none has ever been released.
- Digital Currency Business E-Gold Indicted for Money Laundering and Illegal Money Transmitting
Popularity: 3% [?]
WTF is going on with the US goverment now?
I guess somehow this situation was predicted.
I’m not really surprized. At least when the TV media forced their attention to e-Gold and its owner (there was a video clip some times ago posted on talkgold) I knew this would lead to a soon action by the officials.
You should know that cease and desist orders are mostly done on fridays because of the weekend, so the defendant can’t go to the court and appeal it. Thats usual done then on Monday. Be patient. Exchangers don’t usually work on the weekend.
Looks like the poopoo has hit the fan folks, a lot of us had a feeling this was coming.
All right, so which DGC is going to take over? I have a feeling it won’t be based in the US (which I’ve been suggesting/recommending for years now, but no one listened)
From what I can tell, E-Gold itself is still fine. There are still plenty of legitimate exchangers out thherr.
>> (b) Have no USA users
>> (exactly as Swiss banks have no USA users)
Swiss banks accept US citizens, but they are needed to pay a tax for their interest to the swiss bank which transfers it to the US authorities (can be made anonymously, but then you pay a bit more tax).
Only to set the record straight.
No doubt there are plenty of legitimate exchangers out there, but the point is that eventually the US government will attempt to close those down as well. Let’s face it, the fact that e-gold has operations in the United States is the CAUSE of this problem. E-gold has two choices: 1) attempt to fight the US goverment 2) move 100% offshore
I would really like to see e-gold continue to operate for many years, but this recent even really casts some doubt on e-gold’s future - sadly enough
katzenhai, that is correct. To be even more accurate - even US citizens don’t necessarily need to pay taxes on those accounts, there are ways around it. But the Swiss don’t necessarily tell Joe-sixpack depositing 10k. For the 6-7-8 figure people though, they hook them up and tell them how they can get around the taxation on interest
Ok, as it seems now eGold was not affected at all. LondonGoldExchange, an exchanger, operate as usual with eGold and had only suspended trading with 1mdc. The accusations made by 1mdc, that US government had court orders, can’t be verified at this time. Some exchangers accounts were suspended (Icegold for example), but others are operating fine, even those sitting in the US.
LGE asks for IDs before someone can use them, so possible this has something to do why their account was not suspended.
I wonder if autocambist.com is going to have a sudden influx of people dumping their e-gold in favor of e-bullion or something else over this weekend? :p
Of course! Egold users want to get out.
Problem is! The exchangers were hit. Right now Im waiting for an answer to thebullionexchange on this issue, they are “down for maintanance” for some reason hmm…..
Egold was told to get out of the US. What ignorance and arogance IMO to ignore this… unless…………
How in the world can the US put a hold on exchangers? The US does not consider gold or any other precious metal a currency. Exchangers are buying and selling gold on behalf of their clients.
If the US stops US citizens from buying and selling gold, they might as well seize all EBay transactions for gold jewelry, too. What’s the difference between buying and selling gold bars (or pieces of gold bars) and buying and selling a gold necklace of the same weight?
I am just stunned about this. I don’t believe the seizures are legal by any stretch of the imagination. Where are the lawyers defending the people’s rights to buy or sell precious metals anywhere in the world?
JMO,
Sharon
agreed it will be necessary to wait and see for far this goes, ie if was a specific
problem with imdc or if it a general “problem” with money laundering and its caught up in same process as the anti gambling laws directed towards NETTELER. I would have thought it will be hard to shut down egold as it still works within the law, am interested in what others think about it. I feel sorry for anyone who has a balance with 1mdc right now, or egold for that matter. One thought i know Pencuix is attached to 1mdc , i doubt they would honour anybody out exchanging them to them but it might be possible……
has anyone been able to confirm that the major exchangers’ account has been blocked?
well icegold has changed their account number…………….
If you’ve read the previous ‘court orders’ with respect to e-gold, there is currently NO legislation that the US gov can use to seize e-gold directly as they technically don’t DO exchange. The US Treasury made that clear in January 2006 when interpretting the current laws covering ‘money’ exchange. This is strictly an EXCHANGER issue and THEIR gold assests being held (or those individuals with enough egold to be implicated as an exchanger).
That being said, it’s likely that something will be coming down the pipe shortly to license the exchange process itself or combine it with current banking practices so they have a tighter control of who is involved and where gold is going in the US. NO e-gold account will be ’safe’ then.
Personally, I’m more concerned with how this will effect someone like CEP Trust. I believe they’re trying to comply with current legislation but it’s likely the US government will be focussing on a variety of ways US citizens (and terrorists) can move money through various jurisdictions.
It’s sad, but it will likely become necessary to setup an IBC and only deal with specific offshore exchangers and institutions. The US Government strikes again.
It is a no-brainer. I hope e-Gold already have the plans to move out of USA - for the sake of all her members and supporters.
I am sure e-Gold had enough of being push around, bullied and coerced into helping the FEDs. Aargh !
Sorry to say this - USA is going down in their economy, currency, trade deficit, Iraq war, internal politics, world standing, religion and moral.
SIGH……….
I dont see how ceptrust can be affected because all the members have had to give proof of identification. They are definitely ahead of the game in that respect. The US government is ultimately doing this as part of their so called “war on terror”. They want to be able to trace all movements of funds. Unfortunately in doing this they are trampling over the civil rights of the great majority of innocent citizens. I wonder how much longer we will be able to call this the “free world”. Very Sad.
Hi Everyone, After reading this I called OmniPay.
I asked them if e-gold and Omnipay were closed down. She said that I would have to talk to the PR department but they are not in.
I then asked if we could still fund our e-gold account through Omnipay and is e-gold still operating and she said yes.
A little side information, I have been funding one of my e-gold accounts through Omnipay. I have done a few inexchanges of the past few weeks and when I do I wire the money to their bank which is in SEB UniBanka - in Latvia.
So I don’t know how the U.S. can freeze e-golds bank account in Latvia.
This is just my opinion.
Liveyourdeam
I think it is because they have been unsuccessful at shutting down e-gold, so they are going after the feeding tubes. Don’t let the words they throw around, like “terrorists” and “scammers,” fool you. It is because the US is not getting a slice of the pie. It is all about money. Anything used as a currency, other than the US dollar, is a threat to the US economy in the eyes of Uncle Sam.
JMO,
Sharon
Has anyone ever thought that this is only a 1MDC problem. And they are blaming it on e-gold.
I am not saying this is true but again, the e-gold bank account is in Latvia.
I admit I cannot get throught to Bullion Exchange either and I just sent them money yesterday that should (needs) to be in my account today.
But I am just wondering….
Liveyourdream
what a joke!!! as wall street continues to steal BILLIONS from its investors
None of this surprises me at all. John, earlier on,. commented on that video on Fox News… I’m certain it enabled the US government to see yet another cash cow.
I’m sure, if there is a way, they will find a way to get at egold itself, and ebullion as well.
In the meantime I am still using e-forexgold, which *appears* to be operations as normal. Then again, they aren’t based in the USA, and I note that the USA is one country where they haven’t opened a bank account, which surprised me. In hindsight, it doesn’t, anymore.
Actual news to chew on:
http://www.pr-inside.com/digital-currency-business-e-gold-indicted-r107629.htm
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070427005708&newsLang=en
http://www.infoworld.com/article/07/04/27/HNdigitalcurrencycharges_1.html
Dan
I think that the feds might be after some specific people/group and are trying to track them down by freezing the exchangers to get to the source, this is why probably they have freeze some exchanger’s accounts and not all(London Gold Exchange sais that they were not affected). Let’s think that they are after some “bad guys” and this “bad guys” have used 1mdc and icegold for example, so they have frozen these accounts to get to the source.
If they were after e-gold, e-gold would have been closed and ALL exchangers would have suffer it, as far as I know they have only frozen some exhanger’s accounts and all of them, except 1mdc are already back in business using other accounts.
“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.”
AGAIN, I’m wondering WHAT laws now apply to e-gold that didnt’ apply when they tried this in 2006? I think it’s the usual throw paper at everyone and see what sticks. If e-gold was illegal, why were only specific accounts frozen and not everything?
Then again, the prophesied e-gold Apocalypse may be upon us… that would be bad.
There is something I do not understand. How the hell can the US government freeze e-gold accounts. All e-gold accounts are under the control of e-gold and located on the e-gold server which is currently running outside the US. Unless the government hacked e-gold or e-gold froze those accounts theirself to respect the court order, I dont see how the government can actually freeze virtual accounts???? Since these accounts are virtual, I see no reason why e-gold cannot recreate e-gold accounts for their affected exchangers with the money intact.
Or did the US government froze the actual bank accounts of the exchangers? If thats the case, they froze bankaccounts outside the USA as the major exchangers run their business outside the USA.
A third possibility is that US account holders are in fact frozen and money send to the exchangers from US account holders has been frozen. But in that case, not all money is frozen.
So can someone please clarify?
the problem is that e-gold servers ARE in the US, I would not panic anyway e-gold knew that they were being watched, the feds already seized their servers last year and nothing happened, so just be calm
D. Jackson is, as he said in a previous statement, cooperating with the US Gov. That’s how the Gov freezes e-gold accounts.
I talked with Icegold this afternoon for a wire of about USD2500 I have sent them to buy e-gold. They had received the money today and promised to have it in my e-gold account this evening (GMT). But so far no money and now they have closed the office for the weekend. I needed the e-gold for an investment tomorrow.
Will I get any e-gold from them? Will they return my money?
/Ronjo
Key phrase from one of the articles: “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.”
I think we will be OK.
24oz, I really hope your scenario is correct or close to the actual truth, ’cause I have a 1mdc account, and can’t bail out right now.
I checked the 1mdc site, and it says that they’ll know more on Monday.
I was just staring to transfer my e-gold to scrptlance then have it transfer to paypal.
better transfer the rest just in case. lol
Care to share this exchanger that goes to PayPal? Scrplance?
Hi there;
Here’s my (free plug) ref link … http://www.scriptlance.com/?ref=funbiz
Just go down to “Services & Features”
and follow the instruction.
If you transfer e-golds they even give 1%
bonus and no cost transfer to Paypal.
By checks - $3
Excellent service, too.
Jorhyne and I share the same view when it comes to e-Gold. This should stick and business should be resumed as usual.
I guess we’ll just have to wait till Monday or Tuesday should e-Gold release annoucements.
The e-gold indictment is at http://www.usdoj.gov/opa/pr/2007/April/07_crm_301.html
That’s just a press release not a copy of the indictment. Just a few items here from reading today:
2 1/2-year probe spearheaded by the U.S. Secret Service in Orlando, along with IRS, FBI and other state and local police agencies. “This is a new twist on laundering money through unlicensed money transmitters but it is nothing new for financial investigators,” said Eileen Mayer, Chief of IRS Criminal Investigation. “The combined investigative skills of the law enforcement partners under the St. Cloud IRS Criminal Investigation and Secret Service Task Force proved to be a brick wall for E-Gold. That unlicensed money transmitter thing, that is what Sharon is talking about a lot here on the blog.
Jeffrey Taylor, the U.S. Attorney for the District of Columbia, “As alleged in the indictment, the defendants in this case knowingly allowed them to do so and profited from their crimes.”
Yep they hit the wall, this is a bad indictment I don’t feel the company will live past a short time and certainly not continue to do any business. The text indicates ‘ they knew ‘ crimes were being committed then not only allowed it but profited from it too. We talked about that before, you can go a decade and still say, no one ever told us it was wrong. But after December 2005, you can’t say that anymore, if you were warned and still continued, that is a bad one. That is just my seasoned opinion……also the jurisdiction is Wash. DC not FL along with so many federal agencies listed as participating. They are not going to win that one. Its a frickin shame too.
Mark
dang it!! so where does the money go? US GOVERNMENT IS DAYLIGHT ROBBERY THE CITIZEN!!!
although im not US citizen, it is just too ridiculious closing people’s account without notify them. at least let the people cash out all the egold and never use egold again that is still fine.
This could spell the end of Gold & Silver Reserve (G&SR). G&SR will probably be shut down, either by the US goobermint or by the e-gold trustees. E-gold operations and processing will most likely move to an offshore organization.
To me, the news story reads more like a corporate press release than a criminal investigative story. For US residents who insist on anonymity, its probably best to by offshore Digital Currencies through Canadian exchangers.
IMO, If e-gold is blatantly guilty of money laundering then it should not have required a 2 1/2 year investigation of on-going operations. I think I’ve read somewhere that most of the SERIOUS money laundering occurs through Real Estate transactions.
Thus in a way showing how they prioritize cases. There’re so much more important crimes that’s hanging around but they chose to take away US citizens liberty by thrashing E-gold instead.
A really weird government.
So. CEPT just announced that they’ve discontinued e-gold funding/withdrawals immediately. Not surprising really and I suspect that others will follow suit shortly. Even if e-gold can fight off the Justice Department I would think that they’re still done. Who’s going to believe it’s not going to happen again?
The Blogs will certainly be lively tomorrow…
If E-gold can fend them off, this will ensure alot more trust on E-gold’s legality, people will still continue to use them.
There isn’t any friendlier DGC than E-gold, and they’ve been doing more good than harm for a decade.
stick a fork in it , it’s done
Jude: I dont’ think so. There’s a bullseye on e-gold and SOMETHING is going to stick sooner or later. They’re after the big-guy on the block and the next step WILL be new laws specifically aimed at prosecuting digital currency providers. I’m not sure why something isn’t on the books already in the US.
If I were running an alternative DGC right now based offshore, I would be rubbing my hands and grinning at the new opportunity that has just been created.
Folks, I love e-gold as much as the next guy but let’s face it, this is a major blow. Even if e-gold fights it off, how many people would continue using it, knowing what has just happened? I mean IceGold is a reputable company, and they froze IceGold’s e-gold account? That ain’t right! Basically anybody looking at this is now thinking that, you cannot trust leaving a balance in e-gold, e-gold is not to be trusted since the US Gov’t can walk into their Florida offices anytime and start freezing accounts and causing trouble.
I think an alternate DGC is going to rise from e-gold’s ashes. UNLESS e-gold packs up and moves offshore. I don’t believe the US Gov’t can freeze e-gold’s physical assets since I think most of their physical gold is offshore. Which means, that even if the Gov’t were to zero out every single e-gold account - e-gold can, if they want to - simply set up shop in a safe country with a sane government, and then “re-credit” all the balances in those “frozen” e-gold accounts. It’s all virtual, remember that.. with a computer you can change the numbers. As long as the physical gold is still in their possession and control, nothing is lost.
Not sure if this is a coincidence or not, but I just got this e-mail from BullionVault, it begins like this:
“Dear BullionVault user,
There is an important change concerning your gold.
BullionVault is moving to a different professional bullion market
vault operator.
There is no cause for concern. Your gold is perfectly safe and
will remain”
long story short, they said their relationship with US-based Brinks was “under stress” and they have are switching to a Swiss vault-operator called ViaMat.
Interesting timing no?
Maybe now is the time to go long on gold.. if the Gov’t doesn’t want you to have it, then it usually means it’s a good thing for you and a bad thing for them.. reverse logic at work 
funbiz,
How did you transfer from e-gold to Paypal via scriptlance? It states in small print that they don’t do this:
Note: ScriptLance only exchanges e-gold into U.S. dollars. Due to the vulnerability of other payment systems, we do NOT exchange money into e-gold, nor do we exchange any other payment method into money. Also, due to PayPal’s policies we cannot withdraw your egold funds to a PayPal account.
What gives? Is this a new change?
This is indeed sad news. We can only hope for the best and that our DGC is safe.
If only e-gold had heeded earlier warnings and suggestions to clean-up, authenticate or certify their user base. It would have helped their cause as it would be easy to weed out and catch those scammers and criminals.
Also, please note that e-Gold has a scheduled maintenance on Tuesday, 1st May from 18:30 EDT to 22:00 EDT as posted on their site.
http://www.e-gold.com/unsecure/downtime.html
Don’t know whether this is related to the current issue but expect login problems..
thank you for the heads up archsage. say, have you joined our new forum? we’ll need you there!
Ah cashking, I received that email from bullionvault too, and it happened together with this.
Yea probably its time to hold gold
SuperAlf;
I will know in a few days. Never have problem before.
> e-gold > Scriptlance > paypal
My lastest transfer;
This message is being sent to notify you that your withdrawal request for funbiz has been received and will be processed soon.
Amount: $xxxx
Method: PayPal
Recipient: xxxx@gmail.com
Logged IP address: 24.80xxxx
(You can view your IP address at https://www.scriptlance.com/myip.shtml)
If you did not request this withdrawal please contact support at https://www.scriptlance.com/contact.shtml
Otherwise, please do not contact us about your pending withdrawal, it will not speed up the process.
To say this has been an eventful week for me would be quite an understatement. Suffice to say, if it’s always darkest before the dawn, then tomorrow I shall be winning the state lottery.
Regarding Scriptlance - just a heads up. Yes they are legitimate but they are slow. Be prepared to wait AT LEAST 3 days before they pay you. If you are looking to dump your egold quickly, move it over to something like alertpay.
Goes to show you cannot take a week off without some major event striking around the corner.
One can also move e-gold to a broker temporarily before wiring it to a bank. This can be done in a matter of minutes. I transferred my gold to NorthFinance.
I wonder how long before AlertPay announces that they won’t be doing e-gold exchanges anymore.
I just requested a transfer via Scriptlance to PayPal.
Scriptlance do the PayPal transfer thing under the radar, as one of their options when they are in need of e-gold. If all of a sudden they start sending huge amounts to PayPal, someone might just sit up and take notice. I suspect they will soon cease exchanging egold, or at least lowering their limit, with this fiasco going on.
I’d like to see Jackson put a news update on the E-gold site.
HeyJude
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/04-27-2007/0004575862&EDATE=
I just did a test spend of $0.01 USD worth of gold to The Bullion Exchange’s e-gold account. The E-gold website said that this account does not exist. I guess their e-gold account has been deleted.
Cannot preview spend, the error is:
Payee Account Number (352xxx) is missing or invalid.
Unfortunately, I don’t have funds to test TBE’s e-bullion account.
I personally think that this really is the end of egold. I think that any admin who has not protected members account by moving funds out of egold by now, is seriously irresponsible. Surfmargin have aleady shifted funds out of egold. I dont know about planet trust or lighthalzen. If the money exchangers wont risk it doing transactions with egold then people should think seriously about leaving their personal funds in there. Just my 2 cents.
Beware of scam artists next week. If it was legal, I’d bet offshore money that someone’s going to set up a fake website, claiming its the new offshore version of e-gold. Don’t log in to such a site until you can confirm through reliable sources that it is a legit site.
everyone is probably just speculating on what’s going to happen to E-gold now. I think being patient till next week will be a better option.
I transferred a part of my gold to NorthFinance too, and another part to e-Bullion. I agree with “being patient”….but better safe than sorry
damien,
Who did you use to transfer e-gold to e-bullion with?
Some of the rhetoric being dished out by the DoJ is really pathetic.
I mean, it is well known that the US Government funded Asama bin Laden, and made him into the local folk hero that he became in Afghanistan, when was considered an ally fighting off the Russian invasion of that country. Same thing with Sadam Hussein, we backed him when we were mad at Iran. There is a terrorist training camp in the US called The School of the Americas at Fort Benning, GA, which has a wall of shame full of pictures of third world terrosists who trained there. So, if you want to stop anonymous funding of terrorism, close the CIA, not egold. LOL
Then there’s the issue of requiring monetary institutions to “Know your customers.” Which in affecty requires these institutions to do the DoJ’s job for them, by infringing on the privacy everyone. Thanks to the (un)Patriot Act, I have been banned from using Western Union, because I sent too much money through their system. There was no formal explanation for this action, just questions about why I was ending money to so many people, and supposed guidelines for beiong able to provide the needed documentation to be reinstated.
These requirments included having the people receiving the money to send them (WU) an itemized statement, with copies of receipts, for how they were using the money. I explained to them that the only time I used there services was to help someone one dire need, as their service is expensive, and that helping people with disabilities was what I do. They wouldn’t budge. Then I explained that if I were inclined to ask people in crisis to provide these types of details, which I wasn’t, but even if i were, it would be impossible for them to comply, because how can you provide receipts for how you’re going to spend mopney that you haven’t received yet?
So, this is the types of scenarios government intervention, by way of payment processors will likely further perpetuate. Restricted access without explanation, with unrealistic demands, in order to be reinstated, all in the name of the money handlers trying to stay out of hot water with the Feds themselves. Classixc manifestation of George Orwell’s 1984 scenario of citizens reporting their family/neighbors for any transgretion, or being considered co-conspirators.
And all of this while congress is trying to sneak a vote on legislation through the senate to restrict our freedom to choose natural herbs and other alternative remedies under the guise of FDA reform promoted as being for our protaction on Monday.
The last time our government was so inclined to promote special interests over the people’s interests, it caused a revolution. We may be at that point again. Where the only way to save our freedom is to fight the government which is trying to take it away. And this is not a Republicam or Democrat issue. Both parties are guilty. I think it is time for EVERYONE to vote Libertarian. LOL
Okay, I got carried away, my apologies. But this stuff ticks me off to no end. I got intop the online investment field as a way to raise money to help peiople with disabilities, and our government seems to have been my biggest hindrance encountered in trying to make this work. And with all fo their presence in this arena now, Stormpay still has oodles of my money. if the DoJ wants to go after a payment processor, there’s one i would support them in going after. Instead, they seem to be focused on the ones which don’t steal their members money.
And for this, we pay their salaries????? (GGGrrrrrrrr)
SteadyTeddy,
I don’t think there is any exchanger left where you can make this transfer.
Hi SteadyTeddy,
There are not many reputable exchagers left where you can exchange your e-gold to another DGC. You can try selling it to IceGold, GoldEx - seems they are still working with e-gold or Scriptlance and get 1% bonus. If you have The Digital Gold Card you can still use it and load it with e-gold. HIH
It is upsetting that EG holder funds were frozen. This classic example of how the Federal Reserve will show by hook or by crook that it is the Only game in town.
I would like to point out the current case of the Liberty Dollar, “Americas inflation proof currency”. This is actual currency “metal coins and paper bills” that are backed by Gold that are an alternative to the US dollar. http://www.libertydollar.org/
But on the other hand I applaud the authorities for going after the scumbags who use EG in their scams. Kinda like the HYIP kingpin David Smile and team smallville.
This is just a bump in the road for EG. As a community we need to stick together on this one. We need to examine the transparency and Liquidity of our market. Exchangers need to step there game up in order to move EG in and out of system for domestic customers.
Lets keep our heads up!
Tony Rivers
What if you have a pending exchange
from egold to ebullion ecurrency? Will
it go through? Their egold acct was
fine this afternoon
US is targeting the account. Sooner or later it will affect all of us. Am not affected, i use epoints not egold. Just my opinion.