Re: e-gold Hits The Wall! Government Seizes Major Agents’ Accounts
Here is the latest from LondonGoldExchange, as posted by monitor4Surf in the Safelist Community forum, 29 April 2007:
"Quote:
Latest e-gold Situation
As you may have heard, e-gold have been indicted by the US Department of Justice on charges of Money Laundering and Illegal Money Transmitting.
In the indictment they say they have 24 seizure warrants on over 58 accounts believed to be property involved in money laundering and operation of an unlicensed money transmitting business. These accounts include 1mdc (see earlier report) and some Exchangers. We have not been affected.
We believe the indictment to be flawed and unjust and believe e-gold will fight and win the battle. We do not, however, know how long this will take and if it will affect their operation. At the moment everything is working fine and most businesses seem to be continuing to trade and accept e-gold.
To protect our members and our business, we did remove e-gold from our system for about 24 hours, as we were unsure on the stability of the situation. We have restored it as we feel the initial panic and rumours on mailing lists and forums had no real substance and most negative comments were hearsay and conjecture.
It is obvious though, that there is cause for concern and we will be monitoring events as they unfold and rest assured, we will let you know as soon as any further news breaks.
We feel our members need to know the facts and need to make their own minds up if they want to still use e-gold. Please realise, as quoted from the Department of Justice, 'An indictment is merely an accusation and the defendants are presumed innocent unless and until proven guilty'.
e-gold is allowed to trade normally, so we see no reason at this stage to remove them from our web site."
HeyJude
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