Why egold doesn't allow to create new accounts?

Discussion in 'Payment Processing' started by sampathsl, Oct 21, 2008.

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  1. #1
    Have you got any idea why this egold doesn't allow to create new accounts?
     
    sampathsl, Oct 21, 2008 IP
  2. rome

    rome Peon

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    #2
    E-gold is currently facing charges of Money Laundering by the FBI and were operating without a proper license as per the U.S law hence due to the court proceedings against them, New accounts are not being processed
     
    rome, Oct 21, 2008 IP
  3. saurabhj

    saurabhj Banned

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    #3
    Yupp you are correct.

    Here is a nice article about the full story:
    http://www.businessweek.com/magazine/content/06_02/b3966094.htm
     
    saurabhj, Oct 21, 2008 IP
  4. phyza

    phyza Well-Known Member

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    #4
    I also tried to sign up on e-gold but g0t to knw the same thing as mentioned above so i hope they will soon allow people to create new accounts ..
     
    phyza, Oct 21, 2008 IP
  5. jestep

    jestep Prominent Member

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    #5
    They are going to have to comply to a bunch of new rules. I would imagine that a ton of countries egold supports are going to go away, if they get back up at all.

    Also US law will prohibit it for being used for online gaming, online pharmacy, and a bunch of other service types.

    egold will be completely different if it does get back into operation.
     
    jestep, Oct 21, 2008 IP
  6. magicworld11

    magicworld11 Well-Known Member

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    #6
    Egold is in phase of verifying old created account. Once they will complete verification of all old members , they will start taking new registrations with new terms and conditions.

    So nothing to worry, wait some 3 months.
     
    magicworld11, Oct 21, 2008 IP
  7. getjimmy

    getjimmy Prominent Member

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    #7
    Egold is always risky,they banned o many old accounts also,try to avoid them.
     
    getjimmy, Oct 21, 2008 IP
  8. malcarada

    malcarada Active Member

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    #8
    I recall reading that Egold has already pleaded guilty to money laundering,
    I would consider liberty reserve instead they operate like egold but they
    are located outside the US so they cant be charged with money laundering.
     
    malcarada, Oct 22, 2008 IP
  9. -Ehsan-

    -Ehsan- Peon

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    #9
    Seems to me they aren't going to get back well not at least the same way that they used to be , means many people will leave e-gold if they don't support all countries, once again US playing the big brother game :)
     
    -Ehsan-, Oct 23, 2008 IP