Egold pleads guilty to money laundering Quote: According to the Justice Department, Jackson faces a sentence of up to 25 years in prison and a fine of up to $750,000, while the two directors -- Barry Downey, 48, of Baltimore, and Reid Jackson, 45, of Melbourne -- could serve up to 5 years in prison and fines up to $25,000 each. In addition, the companies have agreed to forfeit $1.75 million in profits and could be fined up to a maximum of $3.7 million. http://www.securityfocus.com/news/11528 Could this close egold ? Who knows.. Get all your money , don't risk it!
This story is on a lot of news wires it seems but they deny it on the company blog I've heard? I'm still kind of suspicious the whole thing is a campaign by some one to damage the company.
This has been discussed before in a previous thread, given the convictions against their top brass, it seemed that they are cleaning up their act. Hopefully E-Gold will be as respectable as Paypal and provide a good alternative to it in the future.....
I have been reading stories like this from last 2 years and nothing happening,so egold will remain as it it.
Well they're not gonna say they ARE money laundering on their blog now, are they? hehe But yeah As the person said before me I've heard stories like these for AGES and never thought much of them or took much notice
I see this discussed all over the place. I have never used eGold because it has always been risky and it is often touted by those in the scamming business. It would be nice to see them clean up their act and become a respected payment processor but for me, I trust Paypal more than any of services like eGold.
lucky me that i never used E-gold in my life.... i have seen many accounts get closed on egold for no reason and many have lost money when get hacked.... so i dont trust egold... i hope they get closed for sure..... good finding....
Haha agreed,paypal is more problem than egold after lift limited status for 2 day then get limited again.
i got limited twice on paypal because my Web IP change everytime i restart my PC because my ISP use proxy.... so i got limited twice in the same week.. but when i contant paypal they give me the reason why i get limited and i explain them that my ISP use proxy and so there is nothing i can do to stop changing my IP and since then i haven't got limited... its been 8 month now and i login to my paypal almost every week and never got limited again.... so i think you need to ask paypal why they limited your account.... and once you know the reason you can explain to them.... and hopefully they will stop limiting your account..... its true that all payment site have a dark side.... but egold cross the line and break there own TOS..... and so they pay for there action...