E-Gold News, Situation, Issues and Updates

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Q&A with e-gold Founder
2007-08-04 05:43:00
One of these days, hopefully soon, I'm planning to do a talk radio interview. In preparation I recently met with a radio journalist to familiarize her with e-gold. We decided to record our discussion...
More About: Gold , Founder , E-gold

E-Gold now has a blog !
2007-08-02 05:37:00
After several weeks without any news. Now, E-Gold has a blog.“Hi, I’m Douglas Jackson and this is the first entry of the e-gold blog.”Most readers will know what I am talking about because over the last decade getting casual comments out of the e-gold organization has been darn near impossible. Perhaps this silence was for a good reason. This blog is truly a new and warm addition to the community. Its a well needed social add-on and I urge all readers to visit and comment. [detailed]
More About: Blog , E-gold

SECRET SERVICE MIAMI FIELD OFFICE ARRESTS MEMBERS OF ORGANIZED ELECTRONIC C
2007-07-13 07:26:00
(Miami , FL) – The United States Secret Service today announced the recent arrests and indictments of four members of an organized fraud ring in South Florida. In all, the individuals – identified as Miguel Alegria, 46, of Hialeah, FL; Raynier Pupo, 22, of Miami, FL; Ariel Montero, 32, of Aventura, Florida; and Javier Padron-Bravo, 35, of Aventura, FL – have been charged with aggravated identity theft, counterfeit credit card trafficking and conspiracy.In a coordinated operation between the U.S. Secret Service’s Miami and Nashville Field Office s earlier this year, Miami Electronic Crimes Task Force agents arrested Julio Lopez, age 30, and Lopez’s girlfriend Anett Villar, age 26, both of Hialeah, FL, after receiving warrants for their arrests from the Nashville Field Office in an online carding investigation. Julio Lopez had used the screen name "Blinky" and had been identified as trafficking counterfeit credit cards and identifications for years over the Internet.As a resul...

E-Gold Loses Hearing On Seizure
2007-06-28 01:56:00
The seized assets shall remain frozen. That’s the e-gold that was seized and sold for cash, all 1MDC account gold included.MINUTE ENTRY ORDER denying [35], [36] Defendants’ Motion to Vacate Seizure Warrant and to Modify Restraining Order and Request for an Evidentiary Hearing . For the reasons stated at the June 21, 2007 hearing, in open court, the Defendants’ Motion is hereby DENIED. This is a final appealable order. See Fed. R. App. P. 4(a).Signed by Judge Rosemary M. Collyer on June 22, 2007. (cdw)
More About: Gold , E-gold

IceGold.com Outexchanges resumed
2007-06-27 03:42:00
We have opened our sell e-gold service again. However, as the situation with e-gold and Omnipay is still unclear, we have set a limit of 10 000 USD (or equivalent) per customer in one day. If we get too many orders we will pause outexchanges until we need e-gold again. From now on the outexchange service availability will be indicated in the "we buy" column in the mini rates table at the top left corner of our webpage.

Omnipay Update
2007-06-22 10:13:00
June 21, 2007 OmniPay Africa had planned to become operational, conducting both in and outexchanges by June 18th. It now appears this service will be delayed several weeks. Establishment of OmniPay Africa has been on-going, designed to facilitate a remote and sophisticated payment capability to the majority of mankind underserved or excluded from traditional banking and constituting it properly is imperative. The complexities of making OmniPay Africa fully operational in an accelerated manner have been greater than originally anticipated causing this delay. We assure you we are working diligently to bring OmniPay Africa online.
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Marketiva accept e-gold deposit
2007-06-14 06:32:00
Good news, Marketiva accept e-gold deposit after 1 week suspended.
More About: Gold , E-gold , Accept

Marketiva suspended E-Gold deposits
2007-06-06 03:44:00
Marketiva has temporarily suspended E-Gold deposits, until the situation with E-Gold exchangers clears. According to an announcement, it could be on or after June 18, and we are hoping to resume accepting E-Gold deposits then. We are currently unable to convert E-Gold to currency in our bank account.
More About: E-gold

Goldex.net stop e-gold outexchange
2007-05-27 02:28:00
DUE TO OMNIPAY'S SERVICE SUSPENSION UNTIL JUNE 18, WE ARE FORCED TO SUSPEND ALL EGOLD OUTEXCHANGE TRANSACTIONS, INCLUDING TRANSFERS FROM EGOLD TO BANK WIRES, CHECKS, OTHER ONLINE CURRENCIES AND TO THE DEBIT CARDS WE REGRET WE HAVE TO TAKE THIS ACTION HOWEVER IT IS A CONSEQUENCE OF FACTS TOTALLY BEYOND OUR CONTROLALL PREVIOUSLY ENTERED ORDERS ARE BEING COMPLETED ACCORDING TO THE SCHEDULE PRESENT ON THE SITE AT THE TIME THE ORDER WAS ENTERED REGARDS GOLDEX ADMIN
More About: Gold , E-gold , Stop

OmniPay temporarily suspends exchange to transition to OmniPay Africa
2007-05-26 03:13:00
Effective immediately, G&SR will be leasing the OmniPay business to OmniPay Africa . All OmniPay exchanges will now involve e-gold transfers and money payments into/out of OmniPay Africa's e-gold and bank accounts respectively. G&SR has contracted to serve as the Operator of OmniPay but will not be a party to actual exchanges. In terms of immediate impacts: The OmniPay exchange service will suspend operation pending provisioning of a suitable bank account for OmniPay Africa. It is anticipated this service interruption will start May 24, 2007 with service resuming on or about June 18, 2007.With resumption, all bank wires from customers must be directed to the new bank coordinates which will be posted on the omnipay.com website. The original plan was for OmniPay Africa to organize as a licensee of G&SR, the US company that owns OmniPay. A substa...
More About: Exchange , Transition

US Government Forces E-gold Redemptions - Seizes Gold
2007-05-10 04:06:00
In an unprecedented move on or just before Wednesday May 9th, 2007, the United States of America has forced Omnipay et al E-gold to redeem all the gold backing the 58 previously frozen accounts owned by e-gold, 1mdc, icegold and a handful of other exchangers and customers to be liquidated effective immediately to a us dollar account owned by the federal government.According to the reduction in the gold bar list, the bar counthas dropped by 48 bars of approximately 400 oz each between May 3, and May 9.This redemption totals USD $11.357 Million.Date Gold Grams ($ Value)03-05-07 3,489,436 77.015 Million09-05-07 2,974,871 65.668 MilllionGold Bars value Sold: USD 11.357 MillionMoneyNetNews has learned from a reliable source that e-gold has been ordered to hand over a fresh copy of the customer database when the redemption is completed.MoneyNetNews cannot confirm if all of the 48 bars redeemed account for the forfeiture action of the United States. It is possible that a part of this activ...
More About: Government , US Government , Forces

Outexchanges suspended again
2007-05-09 00:05:00
We have suspended e-gold outexchanges again due to large volume of orders. We will resume outexchanging when we are in need of e-gold again or can sell to Omnipay.

Icegold Outexchanges resumed
2007-05-08 11:57:00
We have resumed outexchaning e-gold again, at 3% below spot rate. Since the situation with Omnipay is still unclear we cannot estimate for how long we can continue buying e-gold before the next pause.

Icegold stopped buying e-gold !
2007-05-04 01:37:00
We have temporarily stopped e-gold outexchanges because we are unable to sell our exessive e-gold to Omnipay at the moment. We will resume outexchanging again when we are in need of e-gold ourselves or have received a confirmation from Omnipay that they are ready to buy e-gold from us. We expect to operate normally again by the next week.
More About: Buying , Gold , E-gold

E-gold responds to DoJ indictments
2007-05-03 01:42:00
The founder and chairman of e-gold has issued a scathing response to recent allegations by the US Department of Justice (DoJ), insisting that e-gold has been made a " scapegoat". Dr Douglas Jackson said that the charges of money laundering and enabling criminal transactions are the result of a political vendetta. In an open letter posted on the company's website, Dr Jackson accused the DoJ of "subordinating actual crime fighting to a policy agenda". E-gold was indicted late last week on charges of money laundering, conspiracy and operating an unlicensed money transmitting business. "This case has nothing to do with criminal activity," the e-gold statement read. "It is about a DoJ that is out of control, cognisant of having made a horrible mistake but determined at all costs to preserve its turf." Dr Jackson said that all of the charges are false and that the company has been a leader in the fight against child pornography. Using e-gold to launder money is nearly impossible, ...
More About: Gold , Indictments

E-gold® Founder Denies Criminal Charges
2007-05-01 01:31:00
e-gold® Founder Denies Criminal Charges April 30, 2007 Melbourne, FL On April 24, 2007, a Federal Grand Jury handed down an indictment charging e-gold Ltd., Gold & Silver Reserve, Inc., and the Directors of both companies with money laundering, operating an unlicensed money transmitter business, and conspiracies to commit both offenses. Dr. Douglas Jackson, Chairman and Founder of e-gold, speaking on behalf of his fellow Directors and both companies vigorously denies the charges, taking particular exception to the allegations that either company ever turned a blind eye to payments for child pornography or for the sale of stolen identity and credit card information. Dr. Jackson states, "With regard to child pornography, the government knows full well that their allegations are false, yet they highlight these irresponsible and purposely damaging statements in order to demonize e-gold in the eyes of the public. During the Inquisition, accusations of witc...

E-Gold Blocks Account Logins From Exploited Computers
2007-04-29 01:24:00
E-gold Users now have additional protection against "phishing attacks", thanks to a ground breaking upgrade to its Account Sentinel™ (a.k.a. AccSent(tm)) arsenal of account access security features. Using DNS blacklist data published by well known third parties, AccSent now blocks account access from IPs identified as open proxies, insecure web servers, or otherwise open to exploitation by criminals. For the sake of brevity, e-gold refers to such blacklisted IPs as "blips". As always, the AccSent advantage is that e-gold Users need not take any action - or even understand what an IP address, an open proxy, or a phishing attack is - to immediately benefit from this innovative new feature. However, as powerful as AccSent is, the best protection against phishing and other criminal attacks is user education. For this reason e-g...
More About: Computers , Gold , E-gold , Blocks

E-Gold face money laundering charges
2007-04-28 01:12:00
WASHINGTON – A federal grand jury in Washington, D.C. has indicted two companies operating a digital currency business and their owners on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney for the District of Columbia Jeffrey A. Taylor announced today. The four-count indictment, handed down on April 24, 2007, and unsealed today, charges E‑Gold Ltd; Gold & Silver Reserve, Inc.; and their owners Dr. Douglas L. Jackson, of Satellite Beach, Fla.; Reid A. Jackson, of Melbourne, Fla.; and Barry K. Downey, of Woodbine, Md., each with one count of conspiracy to launder monetary instruments, one count of conspiracy to operate an unlicensed money transmitting business, one count of operating an unlicensed money transmitting business under federal law and one count of money transmission without a license under D.C. law. Subsequent to the indictment, the Depa...
More About: Money , E-gold , Face , Money Laundering

1mdc Us court order confiscateess 1mdc accounts
2007-04-27 23:18:00
It appears that a U.S. Government court order has forced e-gold(R) to freeze or block all of 1mdc's accounts. All of 1mdc account's have been frozen at e-gold for unknown reasons.Please note that it appears a few accounts of a small number of large exchangers and users of e-gold have also been frozen overnight. (Millions of Euros of gold have been involved in this event.)If the freeze or court order in the USA is reversed, your e-gold grams remaining in 1mdc will "unbail" normally to your e-gold account and all procedures will be normal.We suggest not panicking: more will be known on Monday when there will be more activity in the courts.You CAN spend your 1mdc back and fore to other 1mdc accounts. 1mdc is operating normally within 1mdc. However, you should be aware that for now the e-gold remains under the court order.Ultimately e-gold(R) is an entirely USA-based company, owned and operated by US citizens, so, e-gold users operate by the decisions of US courts regarding the dispos...
More About: Order , Court