I was emailed the news about the e-gold raid on Christmas eve and asked to keep the lid on it, guess its out of the bag now I had a degree of scepticism about the validity of the information (esp as my contact wouldn't give the source) but the story is the same as the posters it tends to lend credence to it. My contact also said the bounced Omnipay checks (which have been posted about) are related to this issue.
Careful soul that I am, I'll be pulling some 'excess' funds out when LGE reopens after the break.
This Is Will Check Genuity Of Program. I Have Intuition Egold Withstand This Raid
Right, I hope that they really do and that they tighten up their processes a bit to weed out some of the blatant cybercrooks. With better verification processes in place and some amount of accountability, e-gold should become a better entity IMO.
No free lunch for the oncologist that started the e-currency service. Time for checks and balances and the opportunity rise from this and become more solid and legitimate.
No problem for e-gold, because FBI haven't found anything illegal. Can a search warant shutdown e-gold company? No way! E-gold is a strong company. Even many customers run away, they can manage to get profit as usual, because the operation cost is relatively inexpensive. Unlike PayPal, E-gold doesn't handle chargebacks requests and doesn't verify small-medium sized clients, so the paypoll is just tiny.
Not losing any sleep over it one way or another - I am not a terrorist, not a scammer and if e-gold or any other e-currency goes under there will be 10 more to take their place.
The Internet right now is very much like the Old West was in the USA, wild and lawless, but I don't see any new "Sherriff" in town yet.
Not losing any sleep over it one way or another - I am not a terrorist, not a scammer and if e-gold or any other e-currency goes under there will be 10 more to take their place.
The Internet right now is very much like the Old West was in the USA, wild and lawless, but I don't see any new "Sherriff" in town yet.
Money laundering and illegal schemes laws don't need a "Sheriff in town". Money laundering and illegal schemes' laws apply to the internet so does a bunch of other laws not written specifically for the Internet. Running, participating in, and promoting illegal schemes is a federal offense in the US and it is a crime in most civilized countries of this world. A ponzi can bring the world's economy to its knees if left running succesfully. It is a serious offense in the US make no mistake about it.
Last edited by Foreign_Crime_Watchers : 12-31-2005 at 08:03 PM.
Re: e-gold Also Raided ...
I had a degree of scepticism about the validity of the information (esp as my contact wouldn't give the source) but the story is the same as the posters it tends to lend credence to it. My contact also said the bounced Omnipay checks (which have been posted about) are related to this issue.
Hybrid Mode
