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    Sep 2nd 2007

    Whilst GDCA has another warning issue on E-bullion, GDCA has responded to one of my friend, Dennis’s email.

    E-bullion

    First, here’s GDCA’s new warning,

    E-BULLION UPDATE (AUGUST 2007)
    We have just been informed that E-bullion.com is also listed with an F rating by the Council of Better Business Bureau, Inc., and unanswered complaints seem to be going back as far as 2005. Details can be found here, on their own website.

    Now, be surprised with E-bullion’s response,

    “This bogus warning is in retaliation for us asking Autocambist and GoldAge
    to leave the system due to conflict of interests. The parties that own these
    companies also operate an DGC issuer, which has been strictly forbidden within
    the e-Bullion system as it could validate arguments of industry collusion.

    We trust that e-Bullion account holders do not believe everything they read
    on the Internet, especially when it originates from these individuals.

    You can read more about individuals involved with the GDCA here:

    http://www.moneynet news.com/ articles/ 27/1/GoldAge- –District- Attorneys- Press-R
    elease/GoldAge- –District- Attorneys- Press-Release. html

    Thank you for choosing e-Bullion.

    Regards,
    Customer Service, e-Bullion”

    Now its a real conflict of what they’re putting up. Who should you trust? A self regulatory body of exchangers? Or E-bullion? Your call.

    Popularity: 68% [?]



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    7 Responses to “E-bullion’s Response to GDCA Alleged Claims”  

    1. Gravatar Icon 1 Gray Eminence

      The GCDA, Goldage, Vmoney connection exist, and since the beginning this Ebullion troubles notificiation sounds like a cabbale IMO

    2. Gravatar Icon 2 td

      GDCA hands down I would think after reading e-bullions response lol

      I’m surprised they respond to a random customer and not the BBB Like even if the complaints to the BBB were as they say bogus The BBB asking for a response from e-bullion over that long period is not. BBB gave them the F rating as you can see it on the BBB site. Anyway with any warning its up the individual at the end of the day whether they heed it.

      Your link doesn’t work Jude money news one

      The GDCA seem to have among their members a lot of the better exchangers, digital currencies and services out there

      Londongoldexchange eforexgold Anygoldnow open2exchange Me-gold, then pecunix libertydollar c-gold the list goes on

    3. Gravatar Icon 3 Jude

      Got the link fixed td.

    4. Gravatar Icon 4 ePanama

      The owners of these accounts are claiming that e-bullion froze the Goldex and autocambist accounts, perhaps Cambist also and kept the money? NO, e-bullion asked them to stop business with their company and wire out the balances because the owner’s of these account violated of their TOS. Here is why.

      e-bullion states if you own another digital currency, as Ragnar did with Liberty Reserve and Marco did with V-money…..that other currency could be using e-bullion as collateral backing for their own digital money. “backed by gold” could mean “backed by e-bullion gold”. This is a clear violation of the e-bullion Terms. Those terms signed by all account holders.

      Both agents were told this and the accounts frozen, NOT seized and kept, just frozen with the immediate instructions to wire the balances from the digital currency out through Gold Finger — again, to accept a wire transfer of USD the money was not seized.

      These accounts were NOT seized and unrecoverable as we are lead to believe, the TOS were violated and they were asked to stop doing business with e-bullion. BIG DEAL. That does not warrant issuing a GDCA warning. If I owned MZ-money a DGC and was operating several exchange agents, e-bullion would have asked me to close my account also, BIG DEAL.

      NO other complaints have surfaced that showed e-bullion balances were ever seized and kept.

      I dare anyone to produce that account(s) because I believe it or they do not exist. Furthermore if you can come up with that one account, is that enough to have put out that warning? Bullshit, they were unhappy with how they were treated at e-bullion, and wanted to get even.

      Ok, let’s talk about the GDCA, does this group represent an industry?

      The GDCA is Robert from c-gold and Ragnar, currently out on bond.
      Ragnar Dannerskjold is a pen name for Vladimir Kats the former owner operator of Cambist, AutoCambist and Liberty Reserve. No such person actually exists with the legal name of Ragnar Dannerskjold. I say former owner because after their recent arrest “GoldAge Partners Arrested - Held on half a million dollar bond its available at

      http://www.moneynetnews.com/articles/26/1/GoldAge-Partners-Arrested—-Held-on-half-a-million-dollar-bond/GoldAge-Partners-Arrested—Held-on-half-a-million-dollar-bond.html,

      I’m sure any smart person would be distancing himself from any DGC related businesses. His ownership or prior ownership would be Cambist, AutoCambist, Liberty Reserve and others.

      Marco L, [GoldEx] was also the owner operator of V-money.

      So the GDCA is all of two guys, Robert and Ragnar. THAT’S IT. Two guys with an interest in many other DGC businesses. Whenever you read, “The GDCA is telling us….” That means Ragnar, emailed Robert and they agreed. BIG DEAL. That is not representative of anyone’s interest beyond those two gentleman. IMHO that is a huge joke on everyone.

      The e-bullion accounts were frozen and refunded by e-bullion due to a perfectly legitimate violation of the terms. Accounts frozen were Autocambist and GoldEx and both were connected to another Digital currency, Liberty Reserve and V-money.

      I think the GDCA web site should just fold and close, its not helping our industry at all. This is all a big waste of time brought on by some agents mad at e-bullion.

      There is a great big wonderful world of e-commerce going on around the globe and its growing in every country on the earth, why is it we have spent so much time kicking this issue around and not using our efforts to expand our businesses and grab all that new opportunity which exists today, why do we waste our time with this shit? Shouldn’t a trade organization encourage growth the expansion between members? WTF.

      Mark Herpel
      panama@cryptoheaven.com

    5. Gravatar Icon 5 Obeus.com

      E-bullion has disabled our account without any explanation and notification.
      We were trying to reach them for 2 months, but they did not reply on phone calls, emails and requests sent from their website. The most funny thing is that they didn’t stop to process payments sent to our accounts after its suspension (we were still able to see payment notifications). When it came clear that it’s not a mistake and we won’t get this account back we just stopped to accept e-bullion.

      It’s a fraud, isn’t it? e-bullion.com still owes us money.

      Aleksey,
      wizard /@/ obeus.com

    6. Gravatar Icon 6 GDI

      So far, e-Bullion has treated me well. I like how easy it is to convert regular money into their digital currency or gold or silver. Its a great, low cost way to invest in precious metals. Their site seems professionally run as well with live support.

    7. Gravatar Icon 7 Catalilly

      I am interested in finding out since August of 2008 and the website maintenance notice has been put up in place of the e-bullion site, has anyone via phone call been able to reach a representative of e-bullion to inquire on what has happened to their customers accounts and the funds within those accounts.

      Can they be retrieved? If so, who must be contacted?

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