One of the first who 'll have access to the private part of forum 'll be police
Yeah...opposed to all the goons who already lurk here. Not sure that I undertand the logic in how that could be any worse.
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Did anyone notice Mr Omar Dhahni's name, aka Patron
I'm all for a bit of extra regulation from the top, saves me having to do so much dirty work.
Where was his name mentioned? Please direct me to it. I'm convinced that he had something to do with this as the raid coincided with him pleading guilty, which he was one of the last two to plead, in case anyone missed that.
Omar also lurks here under a different screen name but I haven't seen him post in awhile.
Some of e-gold's customers have been unsavory. Omar Dhanani used e-gold to launder money for the ShadowCrew, a cybercrime gang with 4,000 members worldwide, according to an October, 2004, affidavit by a Secret Service agent. Based in a stucco house in Fountain Valley, Calif., Dhanani used his PC to hide the money trail from the sale of thousands of stolen identities, bank accounts, and credit-card numbers, the government said. Accomplices sent him Western Union () money orders, which, for a fee, he filtered through e-gold accounts. On Oct. 4, 2004, Dhanani, 22, who used the nickname Voleur -- French for thief -- boasted in a chat room that he moved between $40,000 and $100,000 a week. He pled guilty in November to conspiracy to commit fraud and faces up to five years in prison.
My views closely follow 1anonymousperson's in regards to personal freedoms and rights in the US (Thank you). I too feel the Businessweak piece was out to get e-Gold...why I don't know, but they seized the moment and kicked e-Gold while they were down. Gold has never been viewed favorably in the US, so that could possibly be a factor. (I would tend to disagree, gold is popular along groups of investors, but it seems the government does not like it because it is hard to keep track of)
My fears are that regulation in the industry is coming and this event doesn't help one bit (they will regulate it, could do it with a simple amendment of the patriot act possibly) . Can someone please explain to me why a company that is obviously doing e-Gold's volume has corporate offices in the US, servers in the US and is sitting on 6 inches of subpoenas (You are completely right here, this is a good question, I will discuss further below) ...because I would love to know the answer to that $64K question? They should have had a f7cking team of investigators dealing with the Fed requests, not one guy.
One thing I dont know about the raid is what the US Feds were asking for. That is one subject that has been kept hush-hush and that I would love to know. (It might be hush for a reason, I hope e-gold has retained a team of federal lawyers in Florida)
On a side note, I would be willing to bet my life that the SEC and CFTC regularly follow this board and TG would do well to make parts of this board private. This is something that Brian really needs to make happen....no reason to keep alot of this sh!t public. (true, but what is useful to them about this board? They already know about their power to prosecute and by raiding e-gold they have all the information they need now if they truly have gotten a copy of everything)
--0wn3d
I am typing quick so excuse any spelling errors.
1. Are you concerned as a private citizen that any information e-gold had on file for you, name, address, zip code, phone number, complete list of transactions could be in the hands of the FBI. All of those who do legal business through e-gold should still be concerned about this possible invasion or privacy by the FBI. I wonder how this is legal? I thought search warrants usually ask for information on specific accounts and are clearly defined. Could the FBI go to a bank and get activity on everyone's accounts at that bank? Not sure.
2. The US is almost asking that these electronic gold companies to go offshore and run everything from jurisdictions that do not have extradition and information sharing agreements with the US. How does this benefit the US then when they loose control? I wonder what views the bullion banking centers in London, Zurich and Dubai (not sure if these are right) have on this issue of the FBI having raided their client's offices? What were the names of the companies that hold gold for e-gold? Was one of them JP Morgan Chase?
3. Call your congress and senator's offices; let them know about your feelings. Send them emails.
Gold has never been viewed favorably in the US, so that could possibly be a factor. (I would tend to disagree, gold is popular along groups of investors, but it seems the government does not like it because it is hard to keep track of)
This is my personal belief but I feel that for the govt. can't control the populace without controlling the currency and economy. Bring in the fiat currency and out with any sort of backing and you can just make it up as you go along. FDR certainly had it figured out in 1933 when he declared a 6 day banking holiday and decided to confiscate all of the Gold.
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One thing I dont know about the raid is what the US Feds were asking for. That is one subject that has been kept hush-hush and that I would love to know. (It might be hush for a reason, I hope e-gold has retained a team of federal lawyers in Florida)
My gut is telling me a Grand Jury subpoena. This would explain some "confusion" as to the validity of the sh!t presented by the Feds. I think they're possibly after something much bigger but I'll refrain from speculation publically at this time.
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On a side note, I would be willing to bet my life that the SEC and CFTC regularly follow this board and TG would do well to make parts of this board private. This is something that Brian really needs to make happen....no reason to keep alot of this sh!t public. (true, but what is useful to them about this board? They already know about their power to prosecute and by raiding e-gold they have all the information they need now if they truly have gotten a copy of everything)
New programs pop up everyday, and I would wager that 99% of which the SEC/CFTC have no idea of. The only ways they can find out about them are lurk the boards and/or wait for the HYIPers to complain. Honestly, I can't understand why the hell people complain. This part of the equation boggles my mind. You know it's a friggin' illegal ponzi and you decide to give it a go anyways. Gambling, pure and simple.
Besides, believe me when I say, the "ABC" guys dont give a **** until huge programs like PIPS, FLO, OSGold, Nova-Lights, etc, bail. Then everyone calls the Fed and an investigation into money LONG GONE gets underway.
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1. Are you concerned as a private citizen that any information e-gold had on file for you, name, address, zip code, phone number, complete list of transactions could be in the hands of the FBI. All of those who do legal business through e-gold should still be concerned about this possible invasion or privacy by the FBI. I wonder how this is legal? I thought search warrants usually ask for information on specific accounts and are clearly defined. Could the FBI go to a bank and get activity on everyone's accounts at that bank? Not sure.
I honestly don't know what the government is planning on finding in e-Gold's system. Half the sh!t in there will be proxy connections and fake contact info. 90% of people don't use OmniPay and fund/outexchange entirely through 3rd party exchangers, so tracking the funds in and out is entirely NON-TRIVIAL. Either really focused or a total fishing expedition, but either way, it sucks BAD to have legit contact info in their systems. Anything that has ever gone on inside of e-Gold is now known by the govt.
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The US is almost asking that these electronic gold companies to go offshore and run everything from jurisdictions that do not have extradition and information sharing agreements with the US. How does this benefit the US then when they loose control? I wonder what views the bullion banking centers in London, Zurich and Dubai (not sure if these are right) have on this issue of the FBI having raided their client's offices? What were the names of the companies that hold gold for e-gold? Was one of them JP Morgan Chase?
Hands down, Dubai. Very favorable towards precious metals, trends pointing to it being the next financial center behind Zurich. Also, it doesn't have EU issues as well, but it remains to be seen what kind of relationship the US has with the UAE.
Yes, one of their bailment companies, if I'm not mistaken was JP Morgan Chase.
This is my personal belief but I feel that for the govt. can't control the populace without controlling the currency and economy. Bring in the fiat currency and out with any sort of backing and you can just make it up as you go along. FDR certainly had it figured out in 1933 when he declared a 6 day banking holiday and decided to confiscate all of the Gold.
- I agree, once they control the currency and the economy they can control the populace.
My gut is telling me a Grand Jury subpoena. This would explain some "confusion" as to the validity of the sh!t presented by the Feds. I think they're possibly after something much bigger but I'll refrain from speculation publically at this time.
- I sure hope this is not right, the grand jury might easily indict e-gold and/or their founders. I sure hope this is not happening.
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On a side note, I would be willing to bet my life that the SEC and CFTC regularly follow this board and TG would do well to make parts of this board private. This is something that Brian really needs to make happen....no reason to keep alot of this sh!t public. (true, but what is useful to them about this board? They already know about their power to prosecute and by raiding e-gold they have all the information they need now if they truly have gotten a copy of everything)
New programs pop up everyday, and I would wager that 99% of which the SEC/CFTC have no idea of. The only ways they can find out about them are lurk the boards and/or wait for the HYIPers to complain. Honestly, I can't understand why the hell people complain. This part of the equation boggles my mind. You know it's a friggin' illegal ponzi and you decide to give it a go anyways. Gambling, pure and simple.
-In my personal opinion, I have no problem with these so called investment sites. I believe they are illegal under US securities law but that is my opinion only. I think people should be able to invest wherever they want whenever they want with their own money.
Besides, believe me when I say, the "ABC" guys dont give a **** until huge programs like PIPS, FLO, OSGold, Nova-Lights, etc, bail. Then everyone calls the Fed and an investigation into money LONG GONE gets underway.
- you are right, these complaints are crazy. They knew what they were getting into in advance. Risky investments.
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1. Are you concerned as a private citizen that any information e-gold had on file for you, name, address, zip code, phone number, complete list of transactions could be in the hands of the FBI. All of those who do legal business through e-gold should still be concerned about this possible invasion or privacy by the FBI. I wonder how this is legal? I thought search warrants usually ask for information on specific accounts and are clearly defined. Could the FBI go to a bank and get activity on everyone's accounts at that bank? Not sure.
I honestly don't know what the government is planning on finding in e-Gold's system. Half the sh!t in there will be proxy connections and fake contact info. 90% of people don't use OmniPay and fund/outexchange entirely through 3rd party exchangers, so tracking the funds in and out is entirely NON-TRIVIAL. Either really focused or a total fishing expedition, but either way, it sucks BAD to have legit contact info in their systems. Anything that has ever gone on inside of e-Gold is now known by the govt.
-- True, but many people I am sure used their real contact details and the FBI might be using this information. They were worried about giving false information because e-gold might lock their account or something in the future if they found the information to be false. Who knows. Not that e-gold ever did that.
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The US is almost asking that these electronic gold companies to go offshore and run everything from jurisdictions that do not have extradition and information sharing agreements with the US. How does this benefit the US then when they loose control? I wonder what views the bullion banking centers in London, Zurich and Dubai (not sure if these are right) have on this issue of the FBI having raided their client's offices? What were the names of the companies that hold gold for e-gold? Was one of them JP Morgan Chase?
Hands down, Dubai. Very favorable towards precious metals, trends pointing to it being the next financial center behind Zurich. Also, it doesn't have EU issues as well, but it remains to be seen what kind of relationship the US has with the UAE.
Dubai seems better than Switzerland and for sure better than the UK. In the UK the police can monitor all phone conversations and IP traffic I have heard. They have lots of power. Switzerland is funny when it comes to due diligence. They are so concerned about their reputation that they cave into the US alot and extradite people back to the US whenever they want.
Dubai is not off to a good start (see article below). Please understand I am not against extradition of people guilty of serious crimes, but the US government manufacturers evidence and trumps up charges all the time. Look at the case of e-gold. Enough said on that. Here are some cases of extradition from the U.A.E. Off to a bad start:
Keep in mind, I do not support drugs or crime at all, but this shows the US reach everywhere in the world. I am however not a supporter of the drug war.
The case of William Robb
During the summer of 1988, British subject William Robb was admitted to a Manila hospital to undergo a series of surgical operations. A few months earlier, he had been caught in heavy crossfire between rival political activists and had sustained multiple injuries. Halfway through his treatment, the Philippine Narcotic Command, under instructions from the United States Drug Enforcement Administration (DEA), entered the hospital, arrested Mr. Robb, and threw him into a Philippine dungeon. There were no charges outstanding against him in the Philippines, but an indictment, accusing him of performing an extremely minor role in a marijuana conspiracy, had been returned in that epicentre of drug hysteria - Miami, Florida.
Months later, after steadfastly refusing to allow Mr. Robb to receive any of his urgently needed medical treatment and finding themselves without any statutory authority to expel any non-American to the United States, the Philippine authorities became noticeably embarrassed as media interest was awakened to the situation. As pointed out above, the immigration authorities of any country can expel, if they wish, a non-resident alien back to his own country without the necessity of providing justification. Accordingly, Mr. Robb was placed on board a K.L.M. flight to Amsterdam and furnished with a ticket for the onward journey to London.
The flight made an intermediary stop at Dubai which also has no extradition arrangement with the United States. In case Mr. Robb had any bright ideas to disembark, a DEA agent, accompanied by a person in Dubai national dress, temporarily boarded the aeroplane and strongly advised him against taking such measures.
On arrival at Schipol Airport, Amsterdam, Mr. Robb was met by another DEA agent and members of the Dutch narcotic police who promptly locked him up in a local jail and prevented him from taking his onward flight to London.
The Netherlands does have an extradition agreement with the United States. Mr.Robb’s extradition was formally applied for, granted, and executed by United States Marshalls who took him from Amsterdam to Miami during the beginning of October, 1989.
Subsequent to his arrival in the United States, Mr. Robb tried, unsuccessfully, both to obtain a speedy trial and get his worsening injuries treated. Almost a year later, he was offered immediate release in exchange for a plea of guilty. Reluctantly, Mr. Robb accepted the offer, left the United States, and was immediately admitted into a European hospital for emergency surgery.
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Yes, one of their bailment companies, if I'm not mistaken was JP Morgan Chase.
- I wish someone would call the JP Morgan Chase deposit center in London and speak with a manager. See if they are aware and upset over this e-gold issue. I am concerned that the center is in London, they have close ties to the US and they will extradite almost anyone. Check for reference the case of the NatWest Bankers fighthing fraud extradition.
What are your experiences as far as other governments and their co-operation with the US on information exchange/extradition?
For the recent poster:
If we give up any freedom, they will prosecute lawful businesses as well. It is happening in the US today. Just check the news on injustice, malicious prosecution.
"The man who trades freedom for security does not deserve nor will he ever receive either.
Benjamin Franklin"
I clearly believe that a little more "rules" in the Ecurrency world would protect us better from cybercriminals from any kind...
BUT, for the moment,
the responsability of Egold's boss is to protect its customer's interest (our interest). Particularly from any government inquiry that could freeze our accounts.
He should absolutely not operate (physically) from the US, but from any offshore country, and I cant even understand that he is based in Florida...
I don't feel that my money with e-gold is that safe, but on the other hand without e-gold funds you are very limited in your internet investments and transactions. So what should one do? It's very nerv-racking knowing that your funds could be gone the next morning you wake up... First Evocash, now intgold, who is next?
Something that I have wondered about this company...now, don't laugh at me.
But does anyone know if there REALLY is any Gold behind e-gold? I have seen a list which supposedly is an inventory of the reserves, but anyone can make up a list.
I mean, has any reliable third party actually seen these gold reserves? Even if they did exist.....what good would it do me if I had money in egold......where would I go to collect my gold bar?
Is egold any more than a bookkeeping system which charges everyone a % for moving numbers around?They assume zero risk, no chargebacks, hacked accounts etc. are just too bad. So if they are collecting a small percentage for shuffling numbers around, they have a really good thing going!
Remember the post which says they are not really a Nevis company? That still seems to apply, and they still claim to be a Nevis company.
Just skeptical.
Something that I have wondered about this company...now, don't laugh at me.
But does anyone know if there REALLY is any Gold behind e-gold? I have seen a list which supposedly is an inventory of the reserves, but anyone can make up a list.
I mean, has any reliable third party actually seen these gold reserves? Even if they did exist.....what good would it do me if I had money in egold......where would I go to collect my gold bar?
Is egold any more than a bookkeeping system which charges everyone a % for moving numbers around?They assume zero risk, no chargebacks, hacked accounts etc. are just too bad. So if they are collecting a small percentage for shuffling numbers around, they have a really good thing going!
Remember the post which says they are not really a Nevis company? That still seems to apply, and they still claim to be a Nevis company.
Just skeptical.
It's best to actually find and read information yourself, rather than posting all sort of "what if's".
Egold isn't going anywhere, they are a real legal company conducting real business. They won't be shut down by the FBI, in fact the FBI can't even touch them, they merely "suggested" things to Egold.
__________________
99.9999% of HYIP's are fraud, don't invest any money into ponzi scams.
Re: e-gold Also Raided ...
Re: e-gold Also Raided ...
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