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Why I think PayDotCom is the Best Affiliate Marketplace on the Net!

2010-03-06T10:59:00.003-04:00

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Bullion and Bandits: The Improbable Rise and Fall of E-Gold

2010-02-19T15:38:00.003-04:00

MELBOURNE, Florida — In a sparsely decorated office suite two floors above a neighborhood of strip malls and car dealerships, former oncologist Douglas Jackson is struggling to resuscitate a dying dream.

Jackson, 51, is the maverick founder of E-Gold, the first-of-its-kind digital currency that was once used by millions of people in more than a hundred countries. Today the currency is barely alive.

Stacks of cardboard evidence boxes in the office, marked “U.S. Secret Service,” help explain why, as does the pager-sized black box strapped to Jackson’s ankle: a tracking device that tells his probation officer whenever he leaves or enters his home.

“It’s supposed to be jail,” he says. “Only it’s self-administered.”

Jackson, whose six-month house arrest ends this month, recently met with Wired.com for his first in-depth interview since pleading guilty last year to money laundering-related crimes, and to operating an unlicensed money transmitting service. His tale is one of countless upstarts and entrepreneurs who approached the internet with big dreams, only to be chastened by sobering realities. But his rise and fall also offers a unique glimpse at the web’s frontier halcyon days, and the wilderness landscape that still covers much of the unregulated and un-policed web, where fraud artists prospect for riches alongside pioneers, and sometimes stake, and win, a claim on their territory.

Despite the shackle, Jackson’s conviction isn’t black and white. In a twist still unacknowledged by prosecutors, Jackson turned E-Gold for a time into one of law enforcement’s most productive honey pots, providing information that helped lead to the arrest and conviction of some of the web’s most wanted credit card thieves and hackers. He’s now working with regulatory agencies to try to bring back E-Gold, steps he says he would have taken voluntarily years ago if authorities had given him a chance.

Following his story, the picture that emerges of Jackson is not a portrait of a calculating criminal. Rather it is one of a naive visionary who thought his dream was bigger than any financial regulations, who got in over his head, and who finally struggled, too late, to make up for his missteps.

“There was no indication at all that anyone had a problem with what he was doing,” says Richard Timberlake, a former economics professor at the University of Georgia and author of several books on U.S. banking. Timberlake visited Jackson at his E-Gold office in 1997 and vouches for Jackson’s innocent intentions. “He was always very honest and very forthright in what he was trying to do as a business. Even the Federal Reserve believed it was legitimate.”

—

The story of the first digital currency backed entirely by gold and silver began in 1995, while Jackson was still treating cancer patients. A longtime student of economic history, Jackson was convinced that gold was a superior currency to paper money, despite the consensus among professional economists that a gold-standard prevented governments from responding quickly to monetary crises; when an economy faltered, treasuries couldn’t easily manufacture gold bars to stimulate it.

The United States dropped its reliance on gold in 1971, but Jackson doubted the wisdom of this move. “Many a paper currency has spun out of orbit in a calamitous trajectory,” he once wrote. “There has never been an instance of gold or silver being discarded as worthless.”

It was time, Jackson mused, for a radical rethink of money. Had he been born in another era, he could scarcely have acted on his beliefs. But the nascent internet changed everything. The international, 24-hour churn of e-commerce cried out for a monetary system that transcended borders and time zones. So in early 1996, Jackson began programming a back-end system for a new electronic currency, practicing medicine by day, and coding by night.

He hired a software engineer to create the user interface, and four months later launched E-Gold.

As Jackson envisioned it, E-Gold was a private, international currency that would circulate independent of government controls, and stand impervious to the market’s highs and lows. Brimming with evangelical enthusiasm, Jackson proclaimed it a cure for the modern monetary system’s ills and described it at one point as “an epochal change in human destiny” and “probably the greatest benefit to humanity that’s ever been thought of.”

Though E-Gold would fail to change the world, libertarians and privacy-conscious netizens liked the service, which allowed them to open accounts anonymously. And international sellers appreciated the ease with which they could transact across borders

Over the next few years, Jackson drained his retirement accounts, sold his medical practice and charged credit cards to raise more than $1 million to nurture the fledgling venture. Cynics might have considered him just another internet hustler looking to strike it rich, but those who knew him say he was a true believer. “He truly thinks that having a gold-backed currency is what’s needed in the world,” says James Clement, a libertarian attorney who met Jackson in 2003. “I don’t think anyone would have stuck with it … other than that he thinks it’s extremely important and somebody has to do this.”

Jackson drew his inspiration from economist Vera Smith’s influential 1936 treatise The Rationale of Central Banking and the Free Bank Alternative, which challenged the tenets of banking. “She wrote in the depths of the Depression, and poses some of the most compelling questions about central banking systems,” Jackson says. “Central banks should attenuate monetary disorder and prevent fluctuations, but ironically they sometimes amplify it.”

His commitment started to pay off in 2000, when some 50,000 transactions suddenly passed through his system in just two months — more than the previous three and a half years combined. By that November, E-Gold, now with 20 employees, had processed 1 million transactions, and Jackson’s business reputation was growing. He was invited to speak at the prestigious World Gold Council conference in Rome, the gold mining industry’s leading event. In 2001, the growth continued, with customer accounts expanding from 134,000 to nearly 288,000, holding about $16 million in value.

Initially, Jackson stored the company’s reserves of sovereign coins and ingots in safety deposit boxes in banks around town. When this proved inconvenient for auditing, the company bought an office safe to hold the gold and platinum. “The silver was just stacked around the office,” Jackson says. Ultimately, he converted the sovereigns and ingots to bars and moved them to bank vaults in London and Dubai. At E-Gold’s peak, the currency would be backed by 3.8 metric tons of gold, valued at more than $85 million.

Despite the sudden burst of success, the venture was plagued with setbacks. E-Gold’s servers buckled under the growing traffic load, hanging transactions and frustrating users. Copycat entrepreneurs erected their own gold-backed systems — e-Bullion, GoldMoney and OSGold – and poached E-Gold customers. When Jackson finally scaled up his infrastructure in 2003, solving the performance problems, cyber scammers entered the scene, launching a sortie of phishing attacks against users, tricking thousands of them into disclosing their E-Gold passwords, then draining the accounts.

Eventually Jackson deployed an anti-phishing remedy, and business rebounded in September 2004. A year later, customer accounts numbered about 3.5 million in 165 countries, with 1,000 new accounts opening every day. Millions of dollars were zipping through E-Gold’s system 24-hours-a-day, bouncing between the U.S. and Europe, South America and Asia. E-Gold collected 1 percent of every transaction, with a cap at 50 cents.

E-Gold was now second only to PayPal in the online payment industry. At last, Jackson says, he felt relief.

“We had been stuck year-in and year-out on whatever crisis-du-jour required our immediate attention,” he says. Now “we felt like we’d finally achieved a turning point.”

But E-Gold’s increasing popularity with customers drew less-welcome attention as well.

The federal government began to take notice in 2003, when the Secret Service launched an undercover operation against a website called Shadowcrew — a legendary forum for “carders” who trafficked in stolen credit and debit card numbers. Cyber crooks in Eastern Europe were stealing millions of card numbers in phishing and skimming scams, then passing the data to accomplices around the world. The low-end cashers coded the numbers onto blank cards, then siphoned money from ATMs and transmitted the bulk of proceeds back to the former Soviet bloc.

When authorities monitored the criminals’ communications, they discovered that E-Gold was among the carders’ preferred money-transfer methods, because the system allowed users to open accounts and transfer funds anonymously anywhere in the world.

When the Shadowcrew investigation wrapped in October 2004 with the shuttering of the site — and the arrest of more than a dozen members — the Justice Department turned its sights on E-Gold. Its goal was to force the service to comply with regulations governing money-transmitting services like Western Union and Travelex. Federal regulations required those businesses to register with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), to be licensed in states that required it, to diligently authenticate the identity of customers and to file suspicious activity reports on shady-looking customers. But E-Gold wasn’t doing this.

Jackson believed E-Gold was exempt from regulation because it was a payment system not a money transmitter. And although it did transfer money, customers could park balances in their accounts, as with a bank.

But Jackson insisted E-Gold wasn’t a bank, either. It was something new — something the world and the U.S. government hadn’t seen before. He wasn’t alone in this view. Many internet-based payment services, including PayPal during its early years, believed they were exempt from regulation. They mostly flew under the radar of prosecutors until something brought them into the spotlight.

Jackson says he got the first inkling of the rampant, organized crime in his system when he read a June 2005 New York Times story about the growth of the carding forums. “To my horror … E-Gold is mentioned in this ghastly, horrible way of it being, you know, the bitch of criminals,” he says.

He concedes he knew that Ponzi schemers and other scammers sometimes used his system , but he’d always responded to government subpoenas for information about suspicious customer accounts. So he contacted the Secret Service to ask why the agency hadn’t sought his help to track the crooks in the Times story. The agency, which was already secretly targeting E-Gold, ignored him. (The Secret Service didn’t respond to interview inquiries for this story.)

The hammer dropped on E-Gold around 5 p.m. on a mild day in mid-December 2005. A herd of Chevy Suburbans wheeled up to Jackson’s house and expelled more than a dozen FBI and Secret Service agents. Simultaneously across town, the Justice Department’s “Operation Goldwire” unfolded with more agents raiding the offices of Gold and Silver Reserve, the company that operates E-Gold. A third group descended on a co-location facility in Orlando where E-Gold Limited, a holding company for E-Gold’s assets, racked its database servers.

The feds carted away more than 100 boxes of electronic records and paper files, including birth certificates, photos and a deed to the Jackson family burial plot. The gold and silver reserves remained safe overseas, but the government froze the company’s domestic bank accounts. Jackson’s venture was dissolving around him.

Jackson wasn’t sure what the feds hoped to find in all those records; once E-Gold got its systems back online he turned to his database for answers.

He scoured the system for suspicious transactions using key words like “cvv,” dumps” and “cob,” and the names of carders he’d read in the Times. He quickly discovered the disturbing truth about what his libertarian dream had become. “I found out there was quite a bit of stuff going on which law enforcement knew about, but wasn’t asking us about,” he says. “I found, holy smokes, there is a continuing pattern of these so-called carders. There’s, like, a ring that I can distinguish.”

One user named “Segvec” received more than half a million dollars from four others, including a Ukrainian named “Maksik” who sent a rapid stream of cash totaling $300,000. In the “memo” field of the transactions — where the sender can state a reason for the payment — Maksik noted that $17,000 was “for beer.” Another three transactions totaling $89,000 sent over a week’s time were supposedly for Sony Vaio computers.

A New York account-holder named “Potluck” had a pattern of buying $6,000 in postal money orders twice a month, then exchanging them for e-Gold to send to Ukraine. Over a year, he’d transmitted about $150,000.

Jackson had uncovered a constellation of shady accounts doing business with one another. He watched in amazement as the criminal activity expanded before his eyes, and balances in several accounts ballooned, with no sign that the account holder intended to move it out. Segvec alone amassed more than $700,000 in digital gold.

“They weren’t just using us as a good vehicle to trade their data, they were parking value in our system,” Jackson says. E-Gold had unwittingly become banker to the underworld.

Because users could sign up for E-Gold with aliases, there was no easy way for Jackson to determine the real identity of many of his suspects. But the criminals became vulnerable the moment they converted their virtual currency to local cash. This required them to do business with an E-Gold money exchanger — the online equivalent of currency exchangers at international airports — who’d ask for valid ID and contact information. Sometimes the criminals wanted their cash loaded to a debit card and mailed to a drop address, or wired to a traditional bank account; exchangers would have this data, too.

Jackson reached out to about a dozen exchangers in Europe and elsewhere with the account names he was tracking. Some criminals had provided the exchangers with fake credentials, but a surprising number had given their real names or addresses. Jackson soon had the identities of some of the most wanted figures in the underground.

One money exchanger in Northern Ireland revealed that “Segvec” routinely had packages sent to a Tokyo remailer, who forwarded them to a “Stephen Ceres” in Miami. The same exchanger also sold “Stephen Ceres” a Card One debit card with a daily load limit of $9,500. Jackson obtained a list of transactions on the card that linked it to a slew of ATM withdrawals in Miami suburbs. A storm of withdrawals during one five-minute period yielded the cardholder $8,000 in cash.

Jackson, who had been snubbed by the Secret Service and FBI, took the information he uncovered to the U.S. Postal Inspector Service, providing investigators with names, addresses and transaction histories. The postal inspectors passed the information to overseas allies, the FBI, and eventually to the Secret Service as well.

It was a devil’s bargain. Once the feds got a taste of what Jackson could provide, the postal agents began peppering him with requests for more data on other accounts, promising Jackson they’d follow up with a formal court order or subpoena later. He cooperated fully, despite the fact that it violated his user agreement with customers. “We never did get any legal cover whatsoever,” he says ruefully. “We never got our trap-and-trace. We never got our pen register.”

In March 2006, inspectors asked him for information on a carder named “Jilsi,” whom Jackson traced to a money exchanger in the United Kingdom. The exchanger gave him a real name — Renu Subramaniam — a 2-year-old confirmed phone number and the time and location of deposits Subramaniam had made to two London banks. Jackson passed the information to inspectors who told him that the phone number, if correct, would be “the break in the case we have been waiting for, for quite a long time.”

It wasn’t long before carders were being taken down. In May 2007, Markus Kellerer, aka Matrix 001, was arrested in Germany. In July 2007, Subramaniam, who had been an administrator on a carding site called DarkMarket, was arrested in Britain. That same month, authorities in Florida arrested Julio Lopez, aka Blinky, who was connected to a ring of Cuban carders. And last year in Miami, authorities arrested Albert Gonzalez, aka Segvec, allegedly one of the masterminds behind the hack of TJX and other businesses. Jackson had provided authorities with information on all of them.

An FBI agent who was involved in the arrest of a number of carders, but asked not to be identified because he wasn’t authorized to speak, acknowledged that information Jackson provided was “instrumental in helping track people down.”

A year after he began his probe, Jackson began blocking the accounts responsible for the suspicious activity, preventing suspected crooks from getting their loot. E-Gold was on its way to becoming clean, relatively speaking.

As far as the feds were concerned, however, it was too late. A few months later, in April 2007, the Justice Department wrapped up its four-year-long investigation by indicting Jackson and his colleagues on federal charges of money laundering, conspiracy and operating an unlicensed money transmitting business.

“Douglas Jackson and his associates operated a sophisticated and widespread international money remitting business, unsupervised and unregulated by any entity in the world, which allowed for anonymous transfers of value at a click of a mouse,” said U.S. Attorney Jeffrey A. Taylor for the District of Columbia in a press release. “Not surprisingly, criminals of every stripe gravitated to E-Gold as a place to move their money with impunity. As alleged in the indictment, the defendants in this case knowingly allowed them to do so and profited from their crimes.”

Clement, the attorney, disputes the government’s depiction of Jackson. “They automatically assume that E-Gold somehow made it easy for these people involved in money laundering, or [sought criminals] as clients,” says Clement. “But that’s completely the opposite of Doug’s attitude toward any kind of illegal behavior. It would be crazy for somebody to seek out that kind of business.”

Jackson, who’d hocked his future to start E-Gold, now faced the potential of a federal prison term. He was frustrated and confused.

“It never crossed my mind that anyone could seriously want people like us in prison,” he says. “But I guess my bigger fear was that we would go bankrupt, and there would be a train wreck of people that had trusted value to us who couldn’t get their money.”

Timberlake, the economics professor, is convinced that Jackson’s radical dream, his goal of upsetting the economic status quo and overturning the government’s monopoly on money, is what really got E-Gold targeted.

“No matter how innocent a person is you can always find a law that government agents can use to convict him of something,” Timberlake says, “And this is a perfect example of it. Any time anybody tries to produce money, the federal government is going to be on their tail.”

After a year-and-a-half of court wrangling and negotiations, Jackson pleaded guilty last year to conspiracy to operate an unlicensed money transmitting service and conspiracy to commit money laundering. In November he was sentenced to 36 months of supervised released — including six months of house arrest and electronic monitoring, and 300 hours of community service. In addition to forfeiting about $1.2 million to the government, his two companies — Gold and Silver Reserve and E-Gold Limited — were fined $300,000, to be paid in $10,000 monthly installments beginning last month.

The plea agreement is conditional on Jackson revamping his business to comply with regulations governing money-transmitting services — a goal that, Jackson concedes, faces many hurdles. To begin the process of compliance, he suspended the creation of new accounts. Existing customers are now required to submit a government-issued photo ID and proof of residence to authenticate their name, address and other details, and are limited to $1,000 to $3,000 a month in transactions until they pass muster. Customers in high-risk countries — such as Nigeria, Russia and Ukraine — are suspended from making any transactions at all for now. Their money is locked indefinitely in E-Gold’s servers.

Jackson, who always considered himself one of the good guys, acknowledges today that he might have done a better job of policing his system from the start. “In hindsight there’s any number of things that would have been a smarter or better way of approaching things,” he says.

Back in his Melbourne office, the blinds are drawn against the harsh sun, and a wall calendar serves as the room’s sole decor. A belt and freshly dry-cleaned dress shirt, still swathed in plastic wrap, hang from a metal shelf. A one-pound plastic jug of protein powder on Jackson’s desk serves as a reminder of the weight he’s lost since his legal troubles began. When asked what toll the trouble has taken on his family – Jackson and his wife are currently living in different states — there’s a long silence before he clears his throat.

“It’s been a source of distress,” he says finally. “Ten years ago I was an affluent physician.”

Although E-Gold was occasionally profitable, Jackson only drew a salary, like his employees. The two upscale homes he once owned with his wife are long gone. Now his wife and 12-year-old son occupy half a duplex in Pennsylvania near her family, and Jackson lives in a one-bedroom apartment in Melbourne with his 17-year-old son, while the latter finishes high school, and Jackson and his staff attempt to rebuild the business.

Jackson has finally registered E-Gold with FinCEN, and has begun applying to states for money transmitting licenses. The company is also blocking people who appear on the Treasury Department’s list of Specially Designated Nationals and plans to follow bank procedures for verifying customer income and sources of transmitted funds. There are other plans in works to clean up the system as well.

There’s a daunting hill to climb before E-Gold will be operational again, and it remains to be seen whether there will be a market for a scrubbed-down, government-compliant E-Gold. But Jackson seems relieved to be headed in this direction.

“One of the biggest results of this is that we’re getting to the place we wanted to be anyway, which is to have some sort of an explicit set of standards to build against,” he says.

He maintains that he would have done what authorities now want him to do, if they’d just worked with him to devise a plan, instead of treating him like a criminal.

Now, after all of E-Gold ups and down, Jackson hasn’t lost his optimism for the venture, or his knack for florid prose. As he wrote on his blog last year, he looks forward to transforming E-Gold from a marginal player to a respected institution — one, he says, that will serve to “advance the material welfare of mankind.”

(Photos by Chris Livingston)

Links for 2009-06-08 [Digg]

2009-06-09T00:00:00-07:00

Bullion and Bandits: The Improbable Rise and Fall of E-Gold
Florida oncologist Douglas Jackson gave up his medical practice to pursue the crazy dream of creating a digital currency independent of any nation, and backed by gold and silver. Libertarians and computer criminals were thrilled, but the U.S. government was determined to stop him. And it did.

e-gold Update: Throughput Limits

2008-11-16T13:13:00.004-04:00

Since my last post of October 19 announcing deployment of e-gold's document upload interface, numerous e-gold Users have uploaded the required documents for verifying identity and residential address. So far, however, many of you will have noticed that your accounts continue to display the message:

"Account Status: Spend Access Restricted"

and that no Spend transactions have occurred system-wide during the entire interval since that software release. There are several reasons for the delay, and each of them in turn introduces new complexities I will elaborate. The good news, jumping ahead, is that we anticipate re-opening for Spend activity, on a limited basis, within a day or two.

State licensing requirements
e-gold has approached every US state, and the District of Columbia, with either a license application or a letter requesting a determination as to whether a license is required in that state. Several states have indicated that e-gold should prevent customers from their state from using the system until a determination is made or a license granted. This meant that we had to implement programmatic modifications to selectively restrict access to Spend capabilities on a state-by-state basis. That part is done and deployed but the additional development task introduced some delay.

AML controls based on geographic (country) risk
In the past, there was a geographic pattern to criminal abuse of the e-gold system with Users from particular countries showing a much higher statistical tendency to engage in such activities. We have decided to limit this geographic risk by the temporary, and somewhat crude, means of country-specific throughput limits. Throughput limits themselves are not crude, and in fact will evolve into a cornerstone of the more refined Customer Due Diligence and risk-based Transaction Monitoring capabilities e-gold is urgently continuing to develop. The crudeness lies in their application, again temporarily, to entire countries. You will note that several countries have a zero throughput limit, that is, a complete prohibition of receiving or making Spends. We regret this and are working on the system enhancements that will enable us to reinstate usage privileges. Meanwhile, e-gold Users from these locations are encouraged to go ahead and provision their accounts, and watch for the system improvements that will support restoration of service.

Non-documentary verification
US laws and regulations governing financial institutions call for Customer Identification Programs that may involve documentary and/or non-documentary means of verification. "Documentary" means, well, looking at documents. Document upload and review is now a universal requirement for e-gold Users.

"Non-documentary" means checking individual identifiers for internal consistency - name, address, date of birth, government issued identifying number - against an external database. Initially, we were planning to use a vendor for this element of identity verification for US Users of e-gold. The vendors that provide such verification services obviously must themselves perform rigorous due diligence on their customers. Currently, e-gold is still working through that process with the vendor it hopes to use. If we had this capability for US Users of e-gold we could afford them a higher level of transaction privileges, i.e., a higher monthly throughput limit. Until we have that in place though, we are limiting US Users to the same throughput limits as Users from other OECD countries.

We plan to also implement Postal Validation as soon as possible. That enhancement to Customer Identification will support higher throughput limits for postally validated accounts, hopefully including accounts in the higher risk countries.

Disruption of exchange
A yet unsolved problem is resumption of liquid and competitive exchange markets. I will be posting additional thoughts on that topic shortly. To briefly preview, e-gold will be promulgating requirements for the regulation of exchange services, which will include a combination of government licensing requirements plus e-gold's own Enhanced Due Diligence for exchangers.

from e-gold Blog

Gary McKinnon, computer hacker, loses appeal for extradition

2008-07-31T05:54:00.001-04:00

A British man accused of the biggest military computer hack in history is facing extradition after losing his last-ditch appeal in the House of Lords today. Gary McKinnon, 42, a systems analyst who allegedly broke into 97 US military computers from his bedroom in Wood Green, North London, now faces at least 10 years in prison in the Unites States

read more | digg story

CashCards.net - Mr. Steve Renner e-gold’s New Primary Dealer

2008-07-31T05:47:00.001-04:00

Cash Cards is now the Primary Dealer for E-Gold. We have been approved to Bail Bars of E-Gold in and out of the system. So if you have a large quantity of e-gold - 100 oz or more please contact us for special "Out-Exchange" Rates!

read more | digg story

How to open a free e-gold account

2007-11-27T06:47:00.000-04:00

The very first step to earn money online is opening a free payment account at e-gold. Please take one minute and register there. It does not cost you a single buck but is essential and required for any transaction. It is not necessary to provide any personal payment information like your credit card number.

This is the first step.

STEP 1.
In order to open an e-gold account you need to do the following steps:

Click here to ‘Create an Account ‘ at e-gold.com
Look through the User Agreement and mark your agreement.
Complete the Account Creation form. Certain of entering a unique password and keep it safely.
Afterwards your new e-gold will be sent to your e-mail address.
Open your account to get your new e-gold account number.
Enter your new e-gold account and check how it works. Verify the security settings for your e-gold account in the ‘Account Info’ area.

STEP 2.
Fund your e-gold account. To do this, it is necessary

To fund your e-gold account is required to use the e-currency exchange services provided by
the so-called exchangers. We would like to remind that you can fund your e-gold account by bank wire transfer, credit card, Cashier’s Check, Western Union and certain other payment methods.
List of the most trusted and reliable exchangers you can find here:
- http://www.icegold.com
- http://www.goldex.net
- http://www.anygoldnow.com/
- http://www.omnipay.com
  Certainly, there are other e-currencies exchangers, but those we have mentioned above are highly recommended.
You need to contact the exchanger you have chosen to place an order for buying e-gold. Exchanger will make it available to pass through all the instructions that are necessary.
After finishing this procedure you can transfer the funds to them, they will transfer the e-gold you have purchased into your e-gold account.

STEP 3.
Open account at a HYIP program from the HYIP Tab

Please be aware that certain HYIP programs use different payment systems. The registration process is similar. Following you can find the most used ones.

SCAM e-gold accounts

2007-11-19T06:09:00.000-04:00

I am enclosing the payment-accounts of various hyip programs. This should help people to identify scam programs!

BAD/SCAM:

4815775 FlexibleHyip.com

4879225 M.S.N.T MSNTrade.com

4893044 1DailyFunds 1DailyFunds.com

4731895 For1hyip For1Hyip.com

3268778 GREEN Profits2Type.com

4756090 LongLife & Co longlifeinvestment.com

4851335 MeraInvest www.merainvest.com

4701878 MSN Forex LTD MSNtraders.com

4822578 MSN LTD MSNtraders.com

1866325 Puttock International The Matrices - 10 cent Matrix Member

4837641 Robin Mandarinvestment.com

3882448 Royal Royal-Pay.com

4766067 W,T,P, http://www.waytoprofit.net/

4824064 ATINA Surfing4Dollars.com

GOOD/Paying:

4864313 Aliativa Aliativa.com

3271149 C.T. CobexTrade.com

4828526 ProInv ProInv.biz

4902014 ProInv ProInv.biz

4888444 Saving Finance SavingFinance.com

4876178 Tucker Surplus Minvestment.com

3454900 2DollarsClub

4840767 A l i a t i v a

4893799 Account CobexTrade.com

4902397 Account ????

3269789 Cobex Trade Cobextrade.com

4913904 ET EXPERT TRADERS exptraders.com

3789318 FF eGold Buchungskonto www.Forex-Fonds.org

4892087 g7 www.G7Trade.com

4845725 g7 acc,www.G7Trade.com

4729278 g7 corporate www.G7Trade.com

4749433 grassmat www.Financial-Club.com

4888045 JR Doubler.com JRdoubler.com

4566226 JR’s Amazing Profit Doubler JRdoubler.com

4444520 O’Connell’s - eg Top8HYIP.com

4474100 P-E Pool-Express.com

3424044 Processing Account ?????

4828526 ProInv ProInv.biz

4428698 (Cocker) pool-express.com

Why e-gold blocks account ?

2007-10-21T18:16:00.001-04:00

Now a days i am observing that lot of companies are having problems with e-gold. They are saying that they are in serious problem with their e-gold account. E-gold is blocking their account. Specially the High Investment Profit companies are facing these problem. So i saw that few top and popular companies are using e-bullion and Liberty Reserve and others also using these beside e-gold . Not only those companies , many user accounts are also being blocked. In many forums i saw people are screaming that how can i resolve this problem and get those locked gold?

e-gold website says that they blocks accounts those are used from unsecured servers, exploited IP, open IP. But i don't know how much they can do the justice. I also feel risk. Thats why i use e-bullion. For payment Paypal. Because if some how my account is blocked then i have search experts who take the money back from locked accounts. I will also try to write post on the topic how to get money from blocked account. If you have blocked e-gold account and want to invest money from that for high profit you can Join Hypex Invest. They are monitored by more than four websites and certified that they are paying. Its very interesting that they take investment from only $0.10! and giving 8-10% interest per day. You can take a look here if you wish. Best of luck.

e-gold now has a blog!

2007-08-05T16:42:00.000-04:00

The e-gold web site has finally added a blog and with this humble sentence a new era in communication has just begun….

“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.

You can grab the feed here.

Questions and Answers with the Dr Douglas, E-gold

2007-08-05T16:25:00.000-04:00

Thanks to Mark, DigitalMoneyWorld for highlighting this audio interview to me.

Check out this extensive audio interview that’s found on E-gold.

60 e-gold Exchange Agents, Who’s Still Alive? You Might Be Surprised…

2007-07-20T16:58:00.000-04:00

Back in May, I wrote an article “Who’s Still Alive? 20 E-gold Agent Profiles“. This piece can be considered a follow up to that post.

One angle I’d like to explore, is just how much of e-gold’s business ‘jumped ship’ when they hit the wall.
Are they fading away into the distant sunset? One way to calibrate
their market acceptance might be to take a close look at who, if
anyone, is still acting as an exchange agent for e-gold digital
currency.

Are there any exchange providers that still accept e-gold or did the
government’s indictment act as a deterrent to their daily business? Ron
O’Brien, a senior security analyst at Sophos said in an interview, “But
we’ll have to see if [this indictment] serves as a deterrent.” *

Well, open your peepers and let’s take a look.

E-gold exchange providers around the globe, with the exception of
about ten, are all still actively providing exchange service for their
clients. Even some of the larger agents which had their e-gold funds
seized by the government, have just opened new e-gold accounts and are
doing business today.

“In Doug We Trust” Who is still exchanging e-gold?

London Gold Exchange - Still strong! Debbie from LGE just confirmed with me inexchange (buy) for just 4% and outexchange
(sell) fees are showing on their web as the low price of just 5%. What
can I say about LGE that their web does not already tell us:

“In six years the London Gold Exchange has evolved
into the Digital Gold and Silver provider of choice for thousands of
happy customer’s world wide. Strategically placed with offices around
the world, we are ideally positioned to enhance our reputation as the No.1 Digital Gold and Silver provider.”

Ice Gold - Alive but moving a
bit slower today. They are accepting e-gold outexchange (selling) but
its on a limited basis as they need it. “…we have set a limit of 10,000
USD (or equivalent) per customer in one day.” You can also buy e-gold
from them for a 2% fee. International bank wires or local Estonia wire
transfers are accepted. If you speak German, you can read the recent interview Paul Vahur gave to a liberty.li magazine regarding e-gold and the US actions.

AnyGoldNow - From their
web, they appear to be alive and kicking. I just visited and their
forms are working to process in and outexchanges. I will assume that
means they are still active in the e-gold business. Their web shows, to
buy e-gold, you will only pay between 1.25% and 2%. If you would like
to sell, your outexchange fees will be 4%-7%. That is not too bad for
Patrick’s quality service. AnyGoldNow features same day exchanges and
trades e-gold, e-Bullion, Pecunix, C-gold & Phoenix Silver. Here is a new c-gold agent!

EuroGoldSales - Still exchanging e-gold. Like other agents, their rates vary. Sell them e-gold today you would be paying 6% in fees

GoldNow - Still operating at
100%. Graham reports that orders are strong. GoldNow also accepts
credit cards and is offers GoldNowBanc GoldGrams and Loom Gold. e-gold exchange rates seem constant at 5%.

EuroGoldFrance - No big
e-gold changes here either– today, just as before the indictment, users
can buy & sell e-gold en Francais. Great service and competitive
rates (sell to them at 4%-7%).

EuroGoldExchanges
- e-gold for Non-US customers ONLY. Also available e-Bullion, c-gold
and Pecunix. The French language version is also available at EuroGoldEchangers.com

e-ForexGold - Still
strong with e-gold exchanges. Inexchange orders of $5000 usd and less
will cost you 3% over spot price. When selling to them, they are only
charging approximately 4-4.5% on the sell, this also depends on how
much your order actually is….for $50k+ its just 2.5% e-ForexGold also
offers a handy ATM debit card which works for fast e-gold outexchanges.

Cambist.net - Their web site
appears to still be accepting both in and outexchange e-gold digital
currency orders. Wire transfer only. Their buy fees are extremely low
between 2% and 3% for any amount large or small. On an outexchange,
they are charging fees of 20%. Yes, sell e-gold to Cambist.net and
receive national currency of just $8 for every $10 you spend, but
that’s what they are now calling ‘business risk’. Technically, with
gold bars in the vault backing each digital dollar, there is no big
risk to own e-gold.

OmniPay/OmniPay Africa -
Not operating yet. We are still awaiting more information about a
business arrangement with OmniPay Africa. No further information is
available. I’d like to wish them the best, and a speedy recovery from
this headache. Through the rumor mill, we hear that if you were doing
business with OmniPay (US) as an exchange agent, you may be getting
some forms in the mail soon regarding MSB regulations. (of course that
is just a rumor)

Me-gold.com - Still alive and
doing great business. Their web quotes e-gold exchange rates that are a
bit higher than the norm, however I assume that is attempting to
compensating for business risk. Buy, sell or exchange e-gold at
Me-gold. This group, who’s company is operating out of Dubai, provides
excellent and fast service. They also exchange: Webmoney,
Pecunix, e-Bullion, Liberty Reserve and I also see PayPal on their web
page. Sell e-gold to them today for an international bank wire or a
Western Union payment. Buy e-gold for about 2% over spot, sell e-gold
and you will rack up a fee of between 15 and 20% on the way out.

AutoCambist - Being
billed as the largest and most reputable automated exchanger in the
world has its advantages and they will gladly exchange e-gold on your
behalf.

PaysGold - Buy or sell e-gold
here, no problem. Inexchange at 2% but outexchange is currently 20%.
Located in Jinan City, China, they also offer an awesome pre-paid
UNIONPAY ATM card solution that works for ATM withdrawals in around two
dozen countries around the globe. That card is just $25 in e-gold or
Pecunix.

GoldEx - Yes they are
transacting in e-gold. There is just a 6% fee on outexchange (selling)
of e-gold. To buy from GoldEx they are asking for around 3.5%. Note
that their web site lists Credit Card’s as a method of payment when
making an inexchange, that fee is a bit higher at 15%, not sure if they
are still accepting CC’s or not. GoldEx also is one of the few DGC
businesses that still offers a US based ATM card for outexchange to ATM cash.
Its on the Visa Plus network and will cost you $50. Their web site
seems a bit out of date also so please write me if I have it wrong.

AsianaGold.com - Cash to
e-gold, no problem for Asian customers. Buy e-gold at spot plus 5%,
sell e-gold at a cost of 20%. Selling $1000, receive $800, no bargain
there but again….business risk! Also exchanges Liberty Reserve.

Nanaimogold - Buy and
Sell e-gold for a low 4% rate. Also exchanges Pecunix, e-gold,
e-Bullion, e-dinar, Liberty Reserve, WebMoney and even c-gold.

TheGoldShop.biz - Still strong and accepting cash deposits in Malaysia, India, Singapore, the Philippines and Canada.
Buy e-gold from them today and pay just 4% over spot. If you are
selling e-gold to them, “…please expect delays of at least 8 business
days in processing of EGOLD SELL ORDERS as well as higher than normal
exchange fees”

ElectrumX - Yes, alive and well. In fact from their web today, “**We Need Egold**” They also accept credit cards for inexchange.

Vertoro - Quality e-gold inexchange provider.

Xgold.ca - Mr. Sylvain Falardeau from Xgold.ca who did a great interview earlier this year, will be happy to exchange e-gold for you. He will buy for 5% and sell to you at 1.5%

ROBOXchange - Yes, still transacting in e-gold.

GetEMoney - Still is
operation and offering competitive rates. Inexchange (buy) from them at
a cost of about 2.5%. Outexchange (sell) to them for an approximate fee
of 6.3%.

MegaExchange.ru - Russian language automatic exchange web business. Accepts e-gold for exchange.

Better-X-Changers - Up
and running in Canada providing a wide range of payment options
including: Local and International Bank Wire, Bank Draft or Money
Order, Postal Money Order, Company Check, Bank Cash Deposit, Email
Money Transfer (EMT), Electronic Funds Transfer (EFT), Western Union,
MoneyGram and PayPal. Sell e-gold for about 11%, inexchange or buy from
them at 4.5%

Fidex Group (e-fidex) - While
there web seems to be accepting both e-gold in and outexchanges, no
confirmation on if that is the case. They were never ones to keep their
web ’space’ constantly updated so I’m just not sure if they are still
buying e-gold or not. It appears yes. Please visit their web and give
me your impression as I have not heard back from them.

JrExchange - Located in
Singapore with customer worldwide, this operation is glad to accept
your e-gold exchanges. Their rates will depend on the client’s location
and membership standing and the fees can range from 1% - 15%.

Incremental Gold -
Yes, they still buy, sell and even exchange e-gold. Sell e-gold at a
cost of 6% and purchase e-gold (inexchange). Buy e-gold with a wire or
Western Union for 3-5%. From their web, “Please note that we operate with e-gold (sell and buy) but each outexchange takes 4-10 business days to process.”

Exchange.lv - Online exchange accepting e-gold no problem.

All Business Gold - Appears to be up and running with no ‘warnings’ posted. Rates show on their web site as 5% - 17%.

E Buy Gold - You can currently buy e-gold from this Hong Kong agent, however they are not accepting sell orders.

Bank2Gold - Exchange provider in Singapore. Buy or sell e-gold here.

Wyngold - Buy or Sell e-gold no problems here. Singapore’s first 24/7 e-gold exchanger.

Evogates - Buy or Sell e-gold. Agent located in Malaysia.

Goldarea.net - Web site appears to be in business. Buy or Sell e-gold here.

ePayNigeria.com - Open for business, both buy and selling of e-gold.

GoldNairaExchange - Buy and Sell e-gold, “…that e-gold funding henceforth will be completed within 2 - 5 business days.”

Ecurrenz - Here you can swap e-gold for Linden Dollars from Second Life. E-gold accepted here no problem.

GoldAge Israel - Israel’s first e-gold exchange agent.

GoldKOBO - This is an exchange provider for Nigerian residents only and it appears to be operating just fine. Buy and sell e-gold here.

Aegold - Reported by their web site to be accepting credit cards.

PinoyGoldExchange -
Accepting buys and sells of e-gold in the Philippines. Some limits on
transactions, “Std BUY e-gold maximum is currently set to $50. *Select Premium Service
if e-gold to be ordered is above the maximum daily limit. *Std SELL
e-gold maximum is currently set to $2000. SELL Orders will be completed
in 1-5 business days. ”

SuperChange.ru - Automatic e-gold exchange

Wannagold - Buy/Sell e-gold thru SMS, Call and YM Chat

Klad.ee - If you can handle their 20% exchange rate, this might be the agent in Estonia you have been looking for…!

Avantumgold - Credit cards
accepted among other methods for the exchange of e-gold. Inexchange
fees of 6% - 22%. Outexchange (sell your e-gold) as reported by their
web site 2% - 5% of a fee.

ExchangeGoldNow - Buy or sell e-gold here.

ExchangesPlus - Buy or sell e-gold here.

United States Electronic Currency Exchange - Buy or sell e-gold at rates ranging from 2.99% - 5.99%

Gold-Thrift - They are still
alive and in the exchange business. Fine print….Sell them e-gold when
they are accepting it your fee will be just 4%. Buy e-gold with a wire
transfer and I believe you will also be paying about 4% over spot but
I’m not really sure because they have the worst designed web in the
history of the Internet. I half expected a little cartoon man to come
walking out shouting “buy gold” when I arrived at their forwarded
domain. Be that as it may, it has been about two weeks since they
posted news regarding their desire to purchase customer e-gold,
“…07.13.07. e-gold out exchanges are suspended due to overstock. We
will resume buying e-gold in a few days when we need more.” Like I
said, bottom line they are still exchanging which is good news.

JTGold - Exchanger for e-gold in Malaysia

Zones Web Soluition - (India)

Exchengine - e-gold exchange for all. Buy and sell “…for residents and legal entities registered in Russia, to Russian banks only”.

FastGold.net - Their web site is still online but they are not exchanging anything.

DenverGoldExchange
- There nicely designed web is gone and we can only find a white screen
with their email address and reading, “Denver Gold Exchange Under
Construction”. Their account was one seized by the government’s action
so its not clear if they will return or not.

TheBullionExchange
- Not currently transacting any business, but not gone either. Their
bank account(s) got seized by the government’s actions, I think its now
held pending a civil matter relating to their current complaint. You’ll
have to check their web for details but its obvious they are optimistic
and looking to straighten out this issue:

The allegations contained in the complaint, contend,
inter alia, that The Bullion Exchange failed to register, or secure a
license to act as a money transmitter (in violation of 31 C.F.R.
Section 103.11(uu)(5)(1)); additionally, the complaint contends that
The Bullion Exchange failed to obtain a business license in the State
of Delaware, violating 5 Del. Code Section 2303. The Bullion Exchange
vehemently denies the allegations and has challenged all of the
accusations contained in the civil complaint.

Pay By Gold - No word
from their camp. The Paybygold web site is so many years out of date,
it still has evocash and INTgold listed and those companies have been
out of business for years. I’m not sure if Pay By Gold is even still
operating or if that is just a dead web site.

Centregold - No e-gold exchanges.

GoldTotem - e-gold
exchange operations seem to be on hold right now. Their web is showing
this statement: “We are currently working on our software. Only the
clients contacted by email can use this page for the purchase of
e-currencies. We apologize for this inconvenience for any new visitor,
we cannot fulfill their order during this period.”

Gold Age Agent closed but now the domain is a busy e-currency discussion forum.

GoldPouch Express
- While still listed on the e-gold website links page, they are not
exchanging e-gold. Their stated reason, “Due to an ongoing
investigations between E-Gold.com and the Department of Justice we
regret to inform you that we won’t be buying, selling or trading “GOLD”
from E-Gold.com at this time!

Agronex Financial - http://www.agronex.lv Web Site Is Gone

Gold-Cash.biz - http://www.gold-cash.biz Web Site Is Gone

SpaceGold - http://www.spacegold.com Web Site Is Gone

Gitgold - http://www.gitgold.com Web Site Is Gone

While I am sure there are dozens of other agents not listed here but
still operating today, this sample represents a very good cross section
of all larger operations. E-gold exchange agents are looking very
strong right now. The rates have changed to fit the market and the
methods of payment accepted have narrowed, but a very healthy third
party independent exchange market is still operating today.

There is an old industry saying which goes like this, “In Gold We
Trust”. However, months after the government announced this criminal
case against e-gold, that old jingle seems to have changed……some are
now writing it as, “In Doug We Trust”.

IceGold Resumes e-gold Outexchange

2007-06-28T03:58:00.000-04:00

Outexchanges resumed 26.06.07 Update
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.

IceGold OU is an Estonian company founded in the spring of 2000. We offer exchange services between e-currencies and government issued money. IceGold is owned by Estonian and US individuals and companies.

E-gold Loses Hearing On Seizure

2007-06-26T16:03:00.000-04:00

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).

OmniPay temporarily suspends exchange to transition to OmniPay Africa

2007-06-22T02:08:00.000-04:00

Update: 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.

http://omnipay.com

OmniPay remain closed

2007-06-19T16:04:00.000-04:00

On May 24th OmniPay suspended all its e-gold in exchange and out exchange to facilitate the company’s transition to OmniPay Africa.

The company is supposed to resume business “on or about” June 18th as stated in their memo.

".....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....."

However, as at this moment, it is yet to resume business.

A service company of Gold & Silver Reserve, Inc, OmniPay is the primary source of e-Gold exchange.

Goldexchange.eu - E-gold Outexchanges Are Available

2007-06-14T11:35:00.001-04:00

Goldexchange.eu takes e-gold, just check frequently to catch the outexchanges open.

From site news:
We proudly announce that e-gold outexchanges are available as usual. We do not charge bank fees within the EU and we only charge 20 USD for International Wire.

GoldExchange is a top European e-currency exchanger. Our success is based on individual and fair approach. Our services are faster, better and trustworthy. Try our services, and see for yourself that we are indeed better. No hidden fees, the lowest rates, maximum reliability, helpful support, and up-to-date information about the state of your order. Verified by the Internet Community Union, comments written by our customers at MMG.

e-gold Digital Currency Testimony

2007-06-14T10:59:00.000-04:00

Thanks to ePanama, Mark from DigitalMoneyWorld for the videos posted on Youtube for sharing.

E-Gold User Social Web

2007-06-14T10:46:00.000-04:00

http://egold.crowdvine.com
Ok so you are interested in what is happening to e-gold because you have been paying and receiving e-gold online for months or even years now. But besides this great NOBS blog, where can you see who else supports e-gold and who is involved?

Try the new e-gold User Social Web for supporting and discussing the future of e-gold’s online business.

Sign up take about 30 seconds, tell us who you are, leave your picture and information, add your favorite blog, forums and more. Leave comments and support for that friendly gold system which you successfully used for so many years. Make your voice heard and support the team.

Remember, if you are not signed up on e-gold User Social, you are just letting the terrorist win!

Marketiva accept e-gold deposit

2007-06-14T09:54:00.000-04:00

Marketiva accept e-gold deposit after 1 week suspended.
Marketiva has temporarily suspended E-Gold deposits on 5 June. They wrote:"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."

Goldexchange.eu : A short introducing interview

2007-06-06T08:15:00.000-04:00

> Hello, please introduce yourself.

Hello, I am Roman Valihrach and my partner is Daniel Houska. We are
graduates of University of Economics in Prague and we run exchanger
GoldExchange.eu.

> With how many people are you running the site? What services do you
deliver?

We are managing our company, the site and administration ourselves, and we have a technician, who is helping out. Our vision was to become the cheapest and fastest european e-gold ~~& 1MDC~~ exchanger. We have achieved this through constant improvements of our know-how.

It’s not only a wise choice of banks we use, their electronic services and lowest fees. We have built a good relationship with our bankers, so that we can rely on the services and cooperate on uncovering wire frauds. Our webpages are top of the class and our customer support is renowned.

> So why did you launch an e-currency exchanger?

It’s simply because we like this business. We have decided some years ago to start our own business, and as the opportunity came along with the boom of e-gold, we were in. It’s a risky business, a big challenge but we have achieved some much in a year’s time, you can look forward to our next enterprises

> Are you accepting pecunix? E-bullion? Liberty reserve?

There was no need so far. As I have said before, our goal was to become the most efficient e-gold exchanger for our customers. I am proud to say that we have achieved our goal in such a short time but just at a time that e-gold started having problems. Our efficiency consisted in concentrating our resources onto just the top one currency. e-gold is unbeatable and will stay unbeated for a long time.

As the situation requires, we have started implementing all three of the other systems you mentioned. Only our customers may decide which system will become most successful. But personally and for specific reasons, I do not see pecunix, nor e-bullion as the successors of e-gold. We’ll see how Liberty reserve can grab onto the situation. So far we have mixed feelings.

Note: E-bullion outexchanges are available since the start of this week. E-bullion inexchanger becomes available within 2 weeks. Liberty reserve has been added but grayed out, and will become available when LR’s new website have been installed.(see www.libertyreserve.com)

> What are the fees for inexchanges? outexchanges? E-currency exchanges?

Currently, we are inexchanging e-gold at 1,9%, and we charge no bank fees upon receipt. Our European customers use their internet banking for sending wires to inexchange, and they pay no bank fees thanks to our service (the price for receiving e-gold is virtually just 1,9%). We are cheapest and fastest for the rest of the world as well. We honestly think we are the cheapest reputable e-gold exchanger in the world.

Our outexchange fee right now is 3,5% because of the fact that e-gold outexchange highly exceeds e-gold inexchange at the moment (this is still the lowest price compared to our competitors). We charge no bank fees wihin Europe, and we have the lowest bank fee (just $20 - lower than any other exchanger) for international wires.

Note: E-bullion outexchange fees are 1.9% + 20$/Eu Bankwire fee. If you accept bankwire in Euro, the 20$/Eu Bankwire fee is dropped however because e-bullion itself only support $ and not Eu, the actual Euro’s you recieve in your bankaccount varies depending on the current exchange rate US dollar/Euro.

> Are you a registered company? Do you have a license to operate as a business?

Yes.

> Are you paying taxes?

Yes, we are.

> How can we be sure you are a reliable company? I dont see you listed on any e-currency site as an official exchanger.

We have applied with e-gold but have been waiting for more than 2 months now. e-gold’s administration is terrible, it is one of their weaknesses and one of the the major reasons they have run into problems. As the situation has changed, we no longer insist on being listed with e-gold. We will be listed with Liberty reserve in a few weeks, and we are working on a deal with e-bullion and pecunix right now.

We are ICOMMU approved, we are rated on GDCA and we will become their member shortly, we are listed on the gold-pages.net as a top EU IBAN exchanger, we have a long history on moneymakergroup forum and talkgold forum and czemoney forum, we are registered as a legal company. We have established many good partnerships. The design and functionality of our web pages are one of the best. We have put incredible amounts of effort into building our business, no one would go this far to scam. But most of all, our satisfied customers speak for us.

> Is it possible for people to meet you in person?

Yes.

> Can we have your address and real life data? (held private, it wont be posted on this blog or anywhere else)
If not, please explain us why we cant have it?

This is the address of our company: eCardOne Ltd. MAHE, P.O. BOX 1313 VICTORIA, Seychelles. We are physically located in Europe. I don’t understand the real life data term, what does it mean? I don’t see this as much of a professional question. We are no hyip that needs due diligence. We are a regular business just like Microsoft for example. Would Bill Gates make his private address and “real life data” public? No, he wouldn’t. Why? Because it would only give him problems and no merits. Companies build their reputation with their brand and satisfied customers, not with managers making their private life public.

> Anything else you want us to know?

We’re here for our customers. Even though we’re still not the size of top three exchangers, we are continually improving our services and our turnover is growing steadily. This business is facing big challanges at the moment. But we know what our customers want, and we’ll bring it to them.

For those wanting to take a look and visit them : www.goldexchange.eu

The Full Article.

Beware of E-gold Scammer

2007-06-05T08:39:00.000-04:00

If you ever get this message to download the file to check your e-gold account, DO NOT do it. It will drank your account to zero. See message:

A simple program how to crack egold account.

Here is a prove that egold is no longger secure .
You may see the amount remaining in any egold account.
You only need the account number and thats all.
Do the following steps

1.Download the script from http://www.savefile.com/files/712846
2.run the program, key in egold no.. then you will see the balance
remain in oz.pls convert manually to any preffered currency .

FINALLY.....DO NOT SEND ME ANY ENQUIRIES ABOUT HOW TO TRANSFER THE
BALANCE...IT IS ILLLLEGAL..

Help people to understand more about security..bye

Contact

2007-06-05T08:26:00.000-04:00

Goldex.net stop e-gold outexchange

2007-05-29T12:15:00.000-04:00

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 CONTROL

ALL PREVIOUSLY ENTERED ORDERS ARE BEING COMPLETED ACCORDING TO THE SCHEDULE PRESENT ON THE SITE AT THE TIME THE ORDER WAS ENTERED

REGARDS

GOLDEX ADMIN

OmniPay temporarity suspends exchange to transition to OmniPay Africa

2007-05-27T03:54:00.000-04:00

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 substantial development effort was underway to support the additional requirements for over-the-counter exchange operations such as biometric validation. However, recent actions of the US government, originating from a long-standing and misguided animus on the part of the US Secret Service, necessitate immediate action. Specifically, SEB Bank in Estonia has notified G&SR it is closing its bank account at close of business May 25, 2007 explicitly because of the Press Release from the US DOJ.

We regret the temporary interruption of OmniPay services. Just as the US government's recent actions in seizing e-gold accounts of e-gold Ltd., G&SR, The Bullion Exchange, AnyGoldNow, IceGold, GitGold, The Denver Gold Exchange, GoldPouch Express and 1MDC (and forcing G&SR to liquidate the seized assets!) have severely damaged not only these exchange businesses but also their innumerable customers, their forcing this complex transition to be performed on an emergency basis is simply shameful.

We do not however regret the transfer of OmniPay responsibilities to OmniPay Africa. As will become abundantly clear in coming months, the OmniPay Africa team is highly qualified to guide OmniPay to a higher level, a genuinely global service that will foster a beneficial surge in e-gold's emergence while bringing significant advantages to emerging economies.

Strategic Background

A major strategic emphasis for e-gold is to provide sophisticated remote payments capabilities to the majority of mankind underserved by or excluded by the banking system. An important focus is international remittances - payments from migrant workers living in advanced economies sending a portion of their earnings to their home country. For many developing economies, migrant remittances constitute a significant portion of foreign exchange income and even GDP. Traditional remittance mechanisms, however, are expensive and inflexible. It is estimated that lowering the net cost of remittances by a few percentage points could measurably enhance economic development. There is also increasing awareness that non-traditional banking such as micro-credit facilities can also aid in bootstrapping lesser developed economies.

OmniPay Africa, an entirely non-US company, majority owned by prominent business leaders from the Francophone countries of West Africa, was therefore organized to extend the usefulness of e-gold by providing support for over-the-counter exchange and by fostering the integration of e-gold into micro-credit lending institutions. The combination of e-gold (settling the international transfer of value with no need for a financial intermediary) and OmniPay (offering standardized, reliable, low cost exchange to/from local currency) will serve as a flexible low cost alternative to the traditional systems.

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