<?xml version="1.0" encoding="UTF-8"?><!-- generator="wordpress/2.2.1" -->
<rss version="2.0" 
	xmlns:content="http://purl.org/rss/1.0/modules/content/">
<channel>
	<title>Comments on: E-gold Reply on Indictment</title>
	<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/</link>
	<description>the latest HYIP community updates, from readers, to readers</description>
	<pubDate>Mon, 01 Dec 2008 22:51:48 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.2.1</generator>

	<item>
		<title>By: HYIP Hound</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57369</link>
		<author>HYIP Hound</author>
		<pubDate>Wed, 23 May 2007 04:05:46 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57369</guid>
		<description>It's worrying that e-gold are saying over and over that their business is doomed unless these seizures are reveresed.

They must be very confident of winning this argument about the seized funds.. as they won't have much credibility left if they lose here, and then try to fight on regardless.</description>
		<content:encoded><![CDATA[<p>It&#8217;s worrying that e-gold are saying over and over that their business is doomed unless these seizures are reveresed.</p>
<p>They must be very confident of winning this argument about the seized funds.. as they won&#8217;t have much credibility left if they lose here, and then try to fight on regardless.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: doremi</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57332</link>
		<author>doremi</author>
		<pubDate>Tue, 22 May 2007 23:30:56 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57332</guid>
		<description>I hope E-gold will not be shut down.  It's an established payment system which everyone is used to.  I suggest someone should initiate a poll to check the sentiments of the general public and  shout out loud to the US goverment of its results. It's a really sad story if E-gold is doomed  Such actions will indeed have deep repercussions to all sectors, public or private.</description>
		<content:encoded><![CDATA[<p>I hope E-gold will not be shut down.  It&#8217;s an established payment system which everyone is used to.  I suggest someone should initiate a poll to check the sentiments of the general public and  shout out loud to the US goverment of its results. It&#8217;s a really sad story if E-gold is doomed  Such actions will indeed have deep repercussions to all sectors, public or private.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Investex Group</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57322</link>
		<author>Investex Group</author>
		<pubDate>Tue, 22 May 2007 21:51:33 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57322</guid>
		<description>What a joke this Government is... They do whatever they want to with false accusations, and always let the public down... Its time for a change!</description>
		<content:encoded><![CDATA[<p>What a joke this Government is&#8230; They do whatever they want to with false accusations, and always let the public down&#8230; Its time for a change!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: katzenhai2</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57288</link>
		<author>katzenhai2</author>
		<pubDate>Tue, 22 May 2007 17:21:23 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57288</guid>
		<description>&#62;&#62; the agents don’t do a good job,
&#62;&#62; they are not licensed and hold no paper trail

Thats true and the weak in this system.
But money laundering does not mean that you don't know where the money is! Money laundering is when you can't trail back who (for what) got the money. Its "washing" the money clean, not hiding it!
In eGold it is too easy to transfer funds between several people back and forth without ever knowing who that was. Person A puts in $100 (known by the exchanger), Person B is anonymous at eGold and get the $100 from Person A. Then Person B pays several lesser dollars to several other eGold accounts. These people spend it all to Person C, which outexchange it at another ecurrency provider. So where is now the paper trail? Who are Person B and the other eGold account holders? How can you (as the authority) ask them for what they got the eGold to help in finding a criminal if you don't know who they are and for what they were paid for?</description>
		<content:encoded><![CDATA[<p>&gt;&gt; the agents don’t do a good job,<br />
&gt;&gt; they are not licensed and hold no paper trail</p>
<p>Thats true and the weak in this system.<br />
But money laundering does not mean that you don&#8217;t know where the money is! Money laundering is when you can&#8217;t trail back who (for what) got the money. Its &#8220;washing&#8221; the money clean, not hiding it!<br />
In eGold it is too easy to transfer funds between several people back and forth without ever knowing who that was. Person A puts in $100 (known by the exchanger), Person B is anonymous at eGold and get the $100 from Person A. Then Person B pays several lesser dollars to several other eGold accounts. These people spend it all to Person C, which outexchange it at another ecurrency provider. So where is now the paper trail? Who are Person B and the other eGold account holders? How can you (as the authority) ask them for what they got the eGold to help in finding a criminal if you don&#8217;t know who they are and for what they were paid for?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Winter</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57275</link>
		<author>Winter</author>
		<pubDate>Tue, 22 May 2007 16:21:52 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57275</guid>
		<description>Summary of pdf and current state of affairs:

Goverment = Devil</description>
		<content:encoded><![CDATA[<p>Summary of pdf and current state of affairs:</p>
<p>Goverment = Devil</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mark Herpel</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57266</link>
		<author>Mark Herpel</author>
		<pubDate>Tue, 22 May 2007 15:00:47 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57266</guid>
		<description>I don't think its hard to use dummy information, lots of people do, but as a user you still have to 'outexchage' or 'inexchange' and that is the actual transactions in national currency, not a book entry movement of digital 'units' from one digital location to another. That's not money laundering. 
Are the digital units (grams) which get converted into national currency through an agent, the process of outexchange or back [inexchange]....is that anonymous? NO and its not supposed to be. That is where the DGC system will be needing improvement. If you account for each penny, going into or out of any book entry system, you have prevented any problems. Because there is always that additional permanent record in e-gold of what happened to the units as they may have moved from account to account, that is no problem. In this current circumstance, you really don't need to use 'real name and info', HOWEVER, the agents don't do a good job, they are not licensed and hold no paper trail, and finally in the US in a 9/11 world....perhaps anyone dealing in money in the US should look at better compliance including e-gold or move to another non Patriot Act jurisdiction like Pecunix. You can't say that Pecunix should keep records of 'who' each account holder is....they are licensed in Panama, Panama don't even look at it yet. So in my opinion, they should tighten up e-gold for KYC and AML a bit however, just because of their US location.  Attacking e-gold is NOT going to solve the problem, the problem they should look at is between the transfer of US money between national currency and digital units. Claiming the book entry system is in the wrong is just not correct, there is a perfect record there of where each dollar is, went and was :-)

As a general global rule, I don't feel the responsibility of Identification falls on Gold &#38; Silver Reserve, or the set up an operation of a digital book entry platform like e-gold. I think the responsibility of 'knowing who' is loading fiat money into digital or removing digital into fiat. If you block or regulate that bottle neck point where the cash meets the 'digital road' that will 100% control any further problems.

Mark</description>
		<content:encoded><![CDATA[<p>I don&#8217;t think its hard to use dummy information, lots of people do, but as a user you still have to &#8216;outexchage&#8217; or &#8216;inexchange&#8217; and that is the actual transactions in national currency, not a book entry movement of digital &#8216;units&#8217; from one digital location to another. That&#8217;s not money laundering.<br />
Are the digital units (grams) which get converted into national currency through an agent, the process of outexchange or back [inexchange]&#8230;.is that anonymous? NO and its not supposed to be. That is where the DGC system will be needing improvement. If you account for each penny, going into or out of any book entry system, you have prevented any problems. Because there is always that additional permanent record in e-gold of what happened to the units as they may have moved from account to account, that is no problem. In this current circumstance, you really don&#8217;t need to use &#8216;real name and info&#8217;, HOWEVER, the agents don&#8217;t do a good job, they are not licensed and hold no paper trail, and finally in the US in a 9/11 world&#8230;.perhaps anyone dealing in money in the US should look at better compliance including e-gold or move to another non Patriot Act jurisdiction like Pecunix. You can&#8217;t say that Pecunix should keep records of &#8216;who&#8217; each account holder is&#8230;.they are licensed in Panama, Panama don&#8217;t even look at it yet. So in my opinion, they should tighten up e-gold for KYC and AML a bit however, just because of their US location.  Attacking e-gold is NOT going to solve the problem, the problem they should look at is between the transfer of US money between national currency and digital units. Claiming the book entry system is in the wrong is just not correct, there is a perfect record there of where each dollar is, went and was <img src='http://hyipblog.nobshyip.net/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /><br />
As a general global rule, I don&#8217;t feel the responsibility of Identification falls on Gold &amp; Silver Reserve, or the set up an operation of a digital book entry platform like e-gold. I think the responsibility of &#8216;knowing who&#8217; is loading fiat money into digital or removing digital into fiat. If you block or regulate that bottle neck point where the cash meets the &#8216;digital road&#8217; that will 100% control any further problems.</p>
<p>Mark</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: katzenhai2</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57263</link>
		<author>katzenhai2</author>
		<pubDate>Tue, 22 May 2007 14:21:20 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57263</guid>
		<description>I'm really sure the authorities had found many examples of money laundering made through eGold to put it down by the court. I assume they will use these examples of how easy it is to stay anonmous on eGold and launder money there to win this case. And I must admit, its really easy to stay anonymous, thats why so many scammers used it! So please don't fool yourself about that, as nice as it was to have an internet gold-backed ecurrency.</description>
		<content:encoded><![CDATA[<p>I&#8217;m really sure the authorities had found many examples of money laundering made through eGold to put it down by the court. I assume they will use these examples of how easy it is to stay anonmous on eGold and launder money there to win this case. And I must admit, its really easy to stay anonymous, thats why so many scammers used it! So please don&#8217;t fool yourself about that, as nice as it was to have an internet gold-backed ecurrency.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mark Herpel</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57259</link>
		<author>Mark Herpel</author>
		<pubDate>Tue, 22 May 2007 13:35:20 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57259</guid>
		<description>Two minor things, and I'm no legal eagle but....the .gov guys wanted to go in kicking doors and take the gold, but being unallocated is an off location storage vault (!) that was simply impossible, thank Dr. Jackson and others for being pretty much prepared for such an advance even though they only looked ahead in their governance to mostly fraud actions, their 'anticipated protection of assets'  seems to have worked in this case to protect the book entry e-gold(bullion) account holders.  So fact one, the gov wanted to 'kick in the door' and make a deal of it seizing assets, possibly all assets or more than they got (see FirePay and Citadel recent seizures of US bank accounts and excess assets on hand).
Second, it seems although there is no law on the books which makes them a 'legal' money transmitter because digital gold is not anywhere included in that category, they are attempting to make the conclusion that it digital gold IS money and technically should be included in that category thus making them a Money Transmitter.  You can see from the original indictment .pdf that they quote .......E-GOLD advertised on its website that it is "an alternative Internet payment system" that "empowers people to use gold as money." E-GOLD advertised its service as "Better Money," and "Internet Payments 100% backed by Gold."

So they are TRYing to say gold is money, they advertised it that way and they are a MT.  Its a big stretch and I don't see it working.

Mark</description>
		<content:encoded><![CDATA[<p>Two minor things, and I&#8217;m no legal eagle but&#8230;.the .gov guys wanted to go in kicking doors and take the gold, but being unallocated is an off location storage vault (!) that was simply impossible, thank Dr. Jackson and others for being pretty much prepared for such an advance even though they only looked ahead in their governance to mostly fraud actions, their &#8216;anticipated protection of assets&#8217;  seems to have worked in this case to protect the book entry e-gold(bullion) account holders.  So fact one, the gov wanted to &#8216;kick in the door&#8217; and make a deal of it seizing assets, possibly all assets or more than they got (see FirePay and Citadel recent seizures of US bank accounts and excess assets on hand).<br />
Second, it seems although there is no law on the books which makes them a &#8216;legal&#8217; money transmitter because digital gold is not anywhere included in that category, they are attempting to make the conclusion that it digital gold IS money and technically should be included in that category thus making them a Money Transmitter.  You can see from the original indictment .pdf that they quote &#8230;&#8230;.E-GOLD advertised on its website that it is &#8220;an alternative Internet payment system&#8221; that &#8220;empowers people to use gold as money.&#8221; E-GOLD advertised its service as &#8220;Better Money,&#8221; and &#8220;Internet Payments 100% backed by Gold.&#8221;</p>
<p>So they are TRYing to say gold is money, they advertised it that way and they are a MT.  Its a big stretch and I don&#8217;t see it working.</p>
<p>Mark</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: NelsonN</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57253</link>
		<author>NelsonN</author>
		<pubDate>Tue, 22 May 2007 12:28:56 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57253</guid>
		<description>Next Guy:
&lt;i&gt;They are basically using all means to go after e-gold, since they cannot shut it down e-gold legally.&lt;/i&gt;

You are correct.

Chris:
&lt;i&gt;They’re just using legalspeak and technicalities to make it seem that they’re not running a money transmitting business.&lt;/i&gt;

Well, according to the laws they can't be classified as such. Legalspeak? The government is using this tactic, and then some, so why not e-gold to defend themselves? To paraphrase from our Spanish saying: &lt;i&gt;He who wrote the law, wrote the loopholes, as well.&lt;/i&gt;</description>
		<content:encoded><![CDATA[<p>Next Guy:<br />
<i>They are basically using all means to go after e-gold, since they cannot shut it down e-gold legally.</i></p>
<p>You are correct.</p>
<p>Chris:<br />
<i>They’re just using legalspeak and technicalities to make it seem that they’re not running a money transmitting business.</i></p>
<p>Well, according to the laws they can&#8217;t be classified as such. Legalspeak? The government is using this tactic, and then some, so why not e-gold to defend themselves? To paraphrase from our Spanish saying: <i>He who wrote the law, wrote the loopholes, as well.</i></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Next Guy</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57248</link>
		<author>Next Guy</author>
		<pubDate>Tue, 22 May 2007 11:42:47 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57248</guid>
		<description>They are basically using all means to go after e-gold, since they cannot shut it down e-gold legally. 

This has been the tactic to go aftre terrorist suspects as well. Find anything and everything you can pin on them, jaywalking, spitting in public etc.

While I agree with this technique for going after terrorist suspects, the true story is that these tactics will then also be used on avarage citizens, in this case e-gold.

The entire "money-laundering" crap is due to the unwillingnes of the government to go after the real cause of the drug trade, which are the consumers.

Therefore from now on every citizen will have to live in the big brother watching you as a potential suspect from now on, while the legal system is made up by currupt lawyer to favor every criminal on this planet.</description>
		<content:encoded><![CDATA[<p>They are basically using all means to go after e-gold, since they cannot shut it down e-gold legally. </p>
<p>This has been the tactic to go aftre terrorist suspects as well. Find anything and everything you can pin on them, jaywalking, spitting in public etc.</p>
<p>While I agree with this technique for going after terrorist suspects, the true story is that these tactics will then also be used on avarage citizens, in this case e-gold.</p>
<p>The entire &#8220;money-laundering&#8221; crap is due to the unwillingnes of the government to go after the real cause of the drug trade, which are the consumers.</p>
<p>Therefore from now on every citizen will have to live in the big brother watching you as a potential suspect from now on, while the legal system is made up by currupt lawyer to favor every criminal on this planet.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: katzenhai2</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57236</link>
		<author>katzenhai2</author>
		<pubDate>Tue, 22 May 2007 10:28:29 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57236</guid>
		<description>The more interesting part was that the physical gold sell-off of abput $11 Million or 41 bars of 400oz gold bullions were made by e-gold on request by the government and not to satisfy customer sell-offs through omnipay.</description>
		<content:encoded><![CDATA[<p>The more interesting part was that the physical gold sell-off of abput $11 Million or 41 bars of 400oz gold bullions were made by e-gold on request by the government and not to satisfy customer sell-offs through omnipay.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Chris</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57192</link>
		<author>Chris</author>
		<pubDate>Tue, 22 May 2007 06:13:28 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57192</guid>
		<description>Im rooting for E-gold 100% all the way...

But lets get real, E-gold is basically a money transmitting business.

Honestly, who buys e-gold with the express intention of  buying real gold as an ivestment? They're just using legalspeak and technicalities to make it seem that they're not running a money transmitting business. 

You yourself will "purchase" "gold" to "spend" for "services" or "investments" in turn which the "spendee" will take that "gold" and "exchange" it for money. 

In contrast with...

You walk up to western union, fill out a slip of paper, the other guy at the other end picks it up.

The difference? Lots of words, one is regulated and one isnt.</description>
		<content:encoded><![CDATA[<p>Im rooting for E-gold 100% all the way&#8230;</p>
<p>But lets get real, E-gold is basically a money transmitting business.</p>
<p>Honestly, who buys e-gold with the express intention of  buying real gold as an ivestment? They&#8217;re just using legalspeak and technicalities to make it seem that they&#8217;re not running a money transmitting business. </p>
<p>You yourself will &#8220;purchase&#8221; &#8220;gold&#8221; to &#8220;spend&#8221; for &#8220;services&#8221; or &#8220;investments&#8221; in turn which the &#8220;spendee&#8221; will take that &#8220;gold&#8221; and &#8220;exchange&#8221; it for money. </p>
<p>In contrast with&#8230;</p>
<p>You walk up to western union, fill out a slip of paper, the other guy at the other end picks it up.</p>
<p>The difference? Lots of words, one is regulated and one isnt.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: ChamberOfGold.com</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57183</link>
		<author>ChamberOfGold.com</author>
		<pubDate>Tue, 22 May 2007 05:04:39 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57183</guid>
		<description>Here we go... after reading it, here's some notes. Note... I am not an expert, a lawyer, or anything like that. Read the PDF for yourself so you can really see the case in depth, but here are some quick points if you want the jist...

Pg 4
- The government seeks to destroy e-gold. Their indictment shows this because they refer to e-gold in past tense (ex parte)... as if the company had already closed its doors

Pg 5
- The seizures were unjust and made as a way to force e-gold to close since closing their accounts would cripple their business. The govn't lied to the Court in order to get those seizures approved

- Explanation of how e-gold started and how the founders left successful jobs to make e-gold a success

Pg 6
- explanation of how e-gold accounts are backed by real gold bullion

- An audit was made on April 30th 2007 to prove that all the accounts were actually truly 100% backed by gold. 

Pg 7
- Interesting facts:
- There are 143,000 e-gold accounts
- 165 countries
- 5 million dollars are transacted each day
- The government seized $80 million... which was backed by gold.. and to show how big this is they compare it saying that they seized MORE gold than Mexico or Canada has in their reserves!

Pg 9
- Explanation of OmniPay

Pg 10
- Showing how e-gold owners have co-operated with government in the past

Pg 12
- Explaining how e-gold doesn't have a ton of money to spend on improving their system to make it detect fraud better, etc. like some 'mega-corporations' have... (ex: paypal and western union). Therefore even though they wanted to improve their system, they couldn't

- $11 million has been turned over to secret service?

- Explanation that the seizures HAVE crippled their business and made it hard for them. The accounts held a total of $1,498,000 which belonged to e-gold and G&#38;SR. They explain that the seizure order was to be completed in 24 hours (as ordered).. but that 24 hours was not nearly enough time for them to liquidate those accounts because there was a lot that needed to be processed, etc. and therefore the government either has NO CLUE about how e-gold operates.. or were diliberately trying to make things hard (being reckless), etc.

- THEREFORE... because they no longer have their big accounts left... the government is causing e-gold to 'grind [...] to a halt in short order'

Pg 15
- Approx. $2,300,000 has been arrested or seized

- Showing how it was believed that after seizing all this that everything could still run as normal... and that e-gold customers could access their funds and be on their merry ways. But NO... it has crippled their ability to run the business, pay attorney fees, living expenses, etc.

Pg 16
- Showing how the government actually stated that e-gold's property would become WORTHLESS if not seized straight away. HA! They explain that e-gold is backed by REAL GOLD and how gold isn't going to become worthless anytime soon lol

Pg 18
- Showing how e-gold, during the seizure, has been giving away its OWN gold and resources to customers to make sure things run smoothly. How nice ;-)  ... oh.. and the govn't knew about this.



That's basically the jist. Make up your own mind on whether you think e-gold is going down the right path or not. But after reading this, I personally see that e-gold lawyers have broken this case wide open and are showing the Court just how much nonsense has been said about e-gold and how the case isn't as solid as some might think. Goodluck e-gold, I think you have some great lawyers behind you.</description>
		<content:encoded><![CDATA[<p>Here we go&#8230; after reading it, here&#8217;s some notes. Note&#8230; I am not an expert, a lawyer, or anything like that. Read the PDF for yourself so you can really see the case in depth, but here are some quick points if you want the jist&#8230;</p>
<p>Pg 4<br />
- The government seeks to destroy e-gold. Their indictment shows this because they refer to e-gold in past tense (ex parte)&#8230; as if the company had already closed its doors</p>
<p>Pg 5<br />
- The seizures were unjust and made as a way to force e-gold to close since closing their accounts would cripple their business. The govn&#8217;t lied to the Court in order to get those seizures approved</p>
<p>- Explanation of how e-gold started and how the founders left successful jobs to make e-gold a success</p>
<p>Pg 6<br />
- explanation of how e-gold accounts are backed by real gold bullion</p>
<p>- An audit was made on April 30th 2007 to prove that all the accounts were actually truly 100% backed by gold. </p>
<p>Pg 7<br />
- Interesting facts:<br />
- There are 143,000 e-gold accounts<br />
- 165 countries<br />
- 5 million dollars are transacted each day<br />
- The government seized $80 million&#8230; which was backed by gold.. and to show how big this is they compare it saying that they seized MORE gold than Mexico or Canada has in their reserves!</p>
<p>Pg 9<br />
- Explanation of OmniPay</p>
<p>Pg 10<br />
- Showing how e-gold owners have co-operated with government in the past</p>
<p>Pg 12<br />
- Explaining how e-gold doesn&#8217;t have a ton of money to spend on improving their system to make it detect fraud better, etc. like some &#8216;mega-corporations&#8217; have&#8230; (ex: paypal and western union). Therefore even though they wanted to improve their system, they couldn&#8217;t</p>
<p>- $11 million has been turned over to secret service?</p>
<p>- Explanation that the seizures HAVE crippled their business and made it hard for them. The accounts held a total of $1,498,000 which belonged to e-gold and G&amp;SR. They explain that the seizure order was to be completed in 24 hours (as ordered).. but that 24 hours was not nearly enough time for them to liquidate those accounts because there was a lot that needed to be processed, etc. and therefore the government either has NO CLUE about how e-gold operates.. or were diliberately trying to make things hard (being reckless), etc.</p>
<p>- THEREFORE&#8230; because they no longer have their big accounts left&#8230; the government is causing e-gold to &#8216;grind [&#8230;] to a halt in short order&#8217;</p>
<p>Pg 15<br />
- Approx. $2,300,000 has been arrested or seized</p>
<p>- Showing how it was believed that after seizing all this that everything could still run as normal&#8230; and that e-gold customers could access their funds and be on their merry ways. But NO&#8230; it has crippled their ability to run the business, pay attorney fees, living expenses, etc.</p>
<p>Pg 16<br />
- Showing how the government actually stated that e-gold&#8217;s property would become WORTHLESS if not seized straight away. HA! They explain that e-gold is backed by REAL GOLD and how gold isn&#8217;t going to become worthless anytime soon lol</p>
<p>Pg 18<br />
- Showing how e-gold, during the seizure, has been giving away its OWN gold and resources to customers to make sure things run smoothly. How nice <img src='http://hyipblog.nobshyip.net/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' />  &#8230; oh.. and the govn&#8217;t knew about this.</p>
<p>That&#8217;s basically the jist. Make up your own mind on whether you think e-gold is going down the right path or not. But after reading this, I personally see that e-gold lawyers have broken this case wide open and are showing the Court just how much nonsense has been said about e-gold and how the case isn&#8217;t as solid as some might think. Goodluck e-gold, I think you have some great lawyers behind you.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: ChamberOfGold.com</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57177</link>
		<author>ChamberOfGold.com</author>
		<pubDate>Tue, 22 May 2007 04:30:57 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57177</guid>
		<description>Great to hear. Those who have read completely through the PDF and understand it well, could you put together a couple point forms on the points made by the e-gold lawyers? 

I'm reading through it now.</description>
		<content:encoded><![CDATA[<p>Great to hear. Those who have read completely through the PDF and understand it well, could you put together a couple point forms on the points made by the e-gold lawyers? </p>
<p>I&#8217;m reading through it now.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Derrick</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57175</link>
		<author>Derrick</author>
		<pubDate>Tue, 22 May 2007 04:06:40 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57175</guid>
		<description>After reading the whole pdf file, it does look like the lawyers are very competent. The U.S Government obviously did not do there homework with this one and I am rooting for egold all the way!!!  
ashakur</description>
		<content:encoded><![CDATA[<p>After reading the whole pdf file, it does look like the lawyers are very competent. The U.S Government obviously did not do there homework with this one and I am rooting for egold all the way!!!<br />
ashakur</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Propellertop</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57172</link>
		<author>Propellertop</author>
		<pubDate>Tue, 22 May 2007 03:55:34 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57172</guid>
		<description>I wonder if criminal charges can be filed against the morons at the DOJ for their actions. Oh, wait a minute, Gonzo is still in charge isn't he? I guess that's a NO.</description>
		<content:encoded><![CDATA[<p>I wonder if criminal charges can be filed against the morons at the DOJ for their actions. Oh, wait a minute, Gonzo is still in charge isn&#8217;t he? I guess that&#8217;s a NO.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Conciliator</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57167</link>
		<author>Conciliator</author>
		<pubDate>Tue, 22 May 2007 02:55:08 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57167</guid>
		<description>That was an excellent reply by e-gold's attorneys. They're basically contesting the seizure of their accounts that was made ex parte, or without their side of the story to the court. It appears that the government substantially skewed the facts to convince the court to grant the seizures. I anticipate the court will reverse the seizures, though of course it depends on how corrupt the judge is.</description>
		<content:encoded><![CDATA[<p>That was an excellent reply by e-gold&#8217;s attorneys. They&#8217;re basically contesting the seizure of their accounts that was made ex parte, or without their side of the story to the court. It appears that the government substantially skewed the facts to convince the court to grant the seizures. I anticipate the court will reverse the seizures, though of course it depends on how corrupt the judge is.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: jorhyne</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57159</link>
		<author>jorhyne</author>
		<pubDate>Tue, 22 May 2007 01:42:59 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57159</guid>
		<description>I'm about half way through it and it appears that whoever e-gold's lawyer(s) are very competent. I am confident that e-gold will come out on top.</description>
		<content:encoded><![CDATA[<p>I&#8217;m about half way through it and it appears that whoever e-gold&#8217;s lawyer(s) are very competent. I am confident that e-gold will come out on top.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: ChamberOfGold.com</title>
		<link>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57153</link>
		<author>ChamberOfGold.com</author>
		<pubDate>Tue, 22 May 2007 01:13:30 +0000</pubDate>
		<guid>http://hyipblog.nobshyip.net/2007/05/21/e-gold-reply-on-indictment/#comment-57153</guid>
		<description>Wow, I don't have months to read this PDF ;-)

Can anyone give a summary?</description>
		<content:encoded><![CDATA[<p>Wow, I don&#8217;t have months to read this PDF <img src='http://hyipblog.nobshyip.net/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /><br />
Can anyone give a summary?</p>
]]></content:encoded>
	</item>
</channel>
</rss>
