E-gold always 2 sides to a story

[Tdinoz]

Don't let the truth get in the way

Interesting
snipped

E-Gold portrays itself as a fellow cybercrime fighter and asserts the government ignores its offers for assistance and is taking credit for E-Gold's investigative work.

A federal grand jury in late April indicted E Gold Ltd, Gold & Silver Reserve Inc., and the owners of these related digital currency businesses on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business.

However, E-Gold chairman Douglas Jackson disputes these charges and asserts that the U.S. Secret Service's recent announcement that it has arrested and indicted four members of an organized fraud ring in south Florida was helped by E-Gold's own investigative efforts. "The recent USSS press release is the second instance in three weeks where the USSS is claiming credit for work that was actually initiated and performed last year by e-gold's own in-house investigators," Jackson told me in an e-mail exchange today.

read full article below
http://www.informationweek.com

[uwe]

Thanks for sharing this, Tdinoz!

[cardman]

they always take credit for other peoples work!

[HYIPdepot]

Unless the US SS admit that they used the data sent by Jackson, it would be useless in court.

[cardman]

he could provide the evidence that they discovered though

[Lita]

When other people, banks, CC companies or just regular citizens give info to the authorities, they don't usually say and we busted this place because of the info we got from (where ever).
Jackson also told his members, through the Omnipay web site, that he had been planning the African Omnipay. Had alreadybeen in the works and plans sped upon account of the indictments.
Then Jackson's testiment statement to the court said they beganplans on the Omnipay Africa because of the indictments.
Jackson could very well of given the info to the USSS. I won't deny that. Nor confirm it. Jackson in his own contradictory statements has created reason for doubt in statements he makes.
How many of Jackson's members knew he was turning in your info to the authorities. Wonder how many of you Jackson did turn in? Wonder how many more arrests they are looking forward to in the future?
The way that Jackson is starting to make it sound, he has been the biggest conman of all. Tells his customers that they have anonymous accounts. Then turns them into the authorities. Then tells the authorities that they are not really anonymous accounts. They just have to follow those accounts to the exchangers. Now trying to leave the blame onto his trustedexchangers.
Yep, real upstanding citizen (sarcasm implied).

[topwater]

Yes, the U.S. SS is not going to give e-gold or Jackson credit for providing evidence on some kind of fraud. They are the enforcing entity not e-gold.

As far as Jackson being dishonest about the security of e-gold accounts, I beg to differ. Your identity and transactions should be anonymous only as long as your not committing a crime. I see no problem with Jackson working with the U.S. SS when it comes to prosecuting credit card theft. It's a blatant crime and identifying and punishing the perps is fine in my book. If you're not doing anything wrong, you won't have problems. Start stealing from others and I don't care if you hang. Dealing in child porn - hang. Dealing in a ponzi hyip - hang. Using e-gold to purchase a Chinese car - you're in the clear and should be left alone. As long as you're being honest and conducting normal business, there's no reason that you shouldn't remain anonymous. If you're a thief, you should be identified and hang.

I do believe the U.S. government is out of line going after e-gold. I think they would be much better served working with e-gold instead of trying to prosecute them. There is nothing inherently wrong with the way e-gold operates, but the same can't be said for the U.S. government. They go overboard when they want to know what EVERYONE is doing with EVERY transaction. It should be none of their business until a crime is committed. If e-gold detects a crime, they should let some kind of authority know about it. It's only right. Whether that authority should be the U.S government is another story. In this case, I believe that e-gold was originally located in Florida, putting them under U.S. juristiction, so the U.S. has stuck their nose in.

If e-gold was smart, they would make a public announcement when they identify an account owner committing a crime. Put it out on the AP wire or something. Then let whatever authority from whatever juristiction take it from there. Just lock down the perps e-gold account and then announce to AP wire:

"We have just identified e-gold account owner 'so and so' for using his account to sell child porn. The account number is 'so and so' and here is the other information we have on file about this entity. The account has been shut down and further actions have been taken to prevent this perp from ever doing business with us again. Any governing authorities that would like to investigate this matter may contact the e-gold office."

E-gold would get the credit for identifying illegal activity and the proper authorities could take action. All other legit users remain anonymous. This might sound stupid, but it was just a thought.

Topwater

[zonsu]

thank for info

[Lita]

Originally Posted by topwater

Yes, the U.S. SS is not going to give e-gold or Jackson credit for providing evidence on some kind of fraud. They are the enforcing entity not e-gold.

As far as Jackson being dishonest about the security of e-gold accounts, I beg to differ. Your identity and transactions should be anonymous only as long as your not committing a crime. I see no problem with Jackson working with the U.S. SS when it comes to prosecuting credit card theft. It's a blatant crime and identifying and punishing the perps is fine in my book. If you're not doing anything wrong, you won't have problems. Start stealing from others and I don't care if you hang. Dealing in child porn - hang. Dealing in a ponzi hyip - hang. Using e-gold to purchase a Chinese car - you're in the clear and should be left alone. As long as you're being honest and conducting normal business, there's no reason that you shouldn't remain anonymous. If you're a thief, you should be identified and hang.

I do believe the U.S. government is out of line going after e-gold. I think they would be much better served working with e-gold instead of trying to prosecute them. There is nothing inherently wrong with the way e-gold operates, but the same can't be said for the U.S. government. They go overboard when they want to know what EVERYONE is doing with EVERY transaction. It should be none of their business until a crime is committed. If e-gold detects a crime, they should let some kind of authority know about it. It's only right. Whether that authority should be the U.S government is another story. In this case, I believe that e-gold was originally located in Florida, putting them under U.S. juristiction, so the U.S. has stuck their nose in.

If e-gold was smart, they would make a public announcement when they identify an account owner committing a crime. Put it out on the AP wire or something. Then let whatever authority from whatever juristiction take it from there. Just lock down the perps e-gold account and then announce to AP wire:

"We have just identified e-gold account owner 'so and so' for using his account to sell child porn. The account number is 'so and so' and here is the other information we have on file about this entity. The account has been shut down and further actions have been taken to prevent this perp from ever doing business with us again. Any governing authorities that would like to investigate this matter may contact the e-gold office."

E-gold would get the credit for identifying illegal activity and the proper authorities could take action. All other legit users remain anonymous. This might sound stupid, but it was just a thought.

Topwater

I don't think it sounds stupid. I think it is an excellent idea. Even if e-gold just turned ALL that they believed to be illegal accounts over to the authorities instead of only some. e-gold could keep a record of those they turned over with dates attached. Then if and when they would like to take credit for such, they could.
Most that turn illegal activities over to authorities would rather NOT be identified. The only reason that Jackson is wanting credit now is because they feel that is an excuse for the others that they were aware of and did nothing about.

[Wanderer]

Given that the charges that e-gold are facing include that they encouraged anonymous activity and so on - it is no wonder that Dr Jackson is pointing out that they do not, and in fact they helped cose down illegal operations.

If Dr Jakson has the exchange of emals and soon, then it is ratheruseful I would have thought. He can demonstarte e-gold's efforts. If the US SS ens up looking foolish so be it.

Tells his customers that they have anonymous accounts. Then turns them into the authorities. Then tells the authorities that they are not really anonymous accounts. They just have to follow those accounts to the exchangers. Now trying to leave the blame onto his trustedexchangers.

I take it you never read the terms of service? Where did e-gold ever claim to be anonymous. Have they not ALWAYS said that you needed proper info there. They limited accounts with incorrect info. And your problem is?

Anone with a modicum of common sense would have seen that there was a trail and is a trail. Now could you lie about your ID. Of course you could. Many did. And if you got caught then you faced consequences. I'm not too certain I see the problem here.

Bu I do think Lita that you do everyone a disservice by contnuing to perpetuate the myth that e-gold claimed to be anonymous. They never did. OTHER people did, and those people are idiots.....