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(Updated) e-Bullion co-owner James Fayed is no longer facing a chargeof operating a money transmittal business without a license. A judge dismissed the charge following a request from the U.S. Attorney's office in Los Angeles, which has been cooperating with local authorities in the investigation into the July 28 stabbing death of Fayed's wife and e-Bullion's other co-owner, Pamela Fayed. On Monday, James Fayed and his ranch manager were charged in the murder. However, a spokesman for the U.S. Attorney's office told The Industry Standard that the federal money transmittal charge against Fayed's company has not been dropped. The court "did not dismiss against the company. We're pursuing that action," the spokesman said Wednesday afternoon, when asked about e-Bullion. Federal authorities seized approximately $24 million that FBI and IRS agents seized on August 5 from the offices of e-Bullion and the associated company named in the indictment, Goldfinger Coin & Bullion. It is not clear what will happen to the funds and other seized assets. Labels: E-Currency Read more! Internet marketing is not just selling something at internet but also the technique to make your site popular, if you site become popular, the traffic will come and more sale will happen. To get a traffic, what you need to learn is about search engine, SEO, pagerank, domain name, etc...I find good place to learn it all, in one community called Site talk Zone. This isa forum where you can talk anything especially webmaster and internet marketing related, this site is recommended. You can go there via this link : http://www.sitetalkzone.com Anyway, this forum also create contest. Currently contest running is have a great prize, it's $250 for the 1st winner...!!!! Wow, that so interesting, right? just go there for the detail. Read more! November 2008 will mark the 12th anniversary of e-gold's debut as an alternative global payment system enabling Users - individuals or businesses - to receive payment in gold at extremely low cost and without risk of the sort of payment reversals that characterize all credit based systems.e-gold has been a pioneer in numerous areas and I am proud of its innovative accomplishments. Since 1996, the Internet has witnessed multiple online payment initiatives, several of them funded with $20-90 million of start-up capital, with distinguished founders and executive cadre, high profile brand name strategic allies, and favorable reception in the business press. But whereas Digicash, Cybercash, Beenz, Flooz, Peppercoin and a host of others each was promoted as the next big thing, all of them combined cumulatively [in their original incarnations - some have been restructured into other business models] executed less transaction volume than e-gold did in a typical single quarter. But this note is not about success. It is about e-gold's failure to date to emerge, its failure to transition from a marginal player for early adopters to a respected institution integrated into the global financial mainstream. I am talking about a vision that has not yet been realized… and a determination to fix what needs to be improved. e-gold's failure to emerge so far is a result of many factors but the root causes were design flaws in the account creation and provisioning logic that led to the unfortunate consequence of vulnerability to criminal abuse. Criminal abuse of the e-gold system, in turn, led to a self-reinforcing negative reputation. Ultimately, criminal abuse of e-gold reached the point where the US Department of Justice intervened, bringing criminal charges against e-gold Ltd., Gold & Silver Reserve., Inc., (the Operator of e-gold and also of the online exchange service OmniPay), myself, and the other directors for violations of 18 USC 1960 [Operation of an unlicensed Money Transmitting Business] and 18 USC 1956 [Conspiracy to Commit Money Laundering]. The criminal case has been resolved. The resolution of the criminal case however provides for a second chance, an opportunity to address the flaws embedded in the e-gold system and to transform the "e-gold Operation" into the institutions I, the other directors, and our longsuffering employees and contractors have always envisioned, one that serves to advance the material welfare of mankind. In harmony with this transformation, we acknowledge that e-gold is indeed a Financial Institution or Agency as defined in US law and should be regulated as a Financial Institution. E-gold Ltd. has submitted an application to FinCEN to be registered as a Money Services Business and will be seeking licensure in all states that require it. Most importantly, working in conjunction with US government agencies, we will be exerting every effort to bring e-gold into compliance with US law and regulation as quickly as possible. I am going to briefly describe the systemic problems we are undertaking to rectify and a roadmap of where the system is heading. Going from where we are now to where we need to be is going to be a bumpy road, especially at first. Many legitimate e-gold Users have already suffered loss over the past year as the measures undertaken by the government to prevent dissipation of assets have severely impacted exchange markets with resulting illiquidity of a magnitude as to effectively make it impracticable to exchange e-gold for conventional money. There will be more disruption in the next few months but it will be temporary and will set the stage for powerful new features that enhance the usability and global reach of e-gold. If there is a silver lining, it is that the more illiquid e-gold has become, the more valuable it has become due to the (apparently ongoing) decline of the US dollar relative to gold and other non-financial assets. e-gold User Agreement Changes Before proceeding, however, let me make something clear that should have been made more emphatically clear long ago. Use of the e-gold system for criminal activity will not be tolerated. Memorializing this resolve, the following provisions are being added to the e-gold Account User Agreement: 2.3. User agrees to not use e-gold in any manner that violates the laws of whatever jurisdiction to which the User is subject. 4.6.1.1. If e-gold investigators reasonably suspect that the e-gold account of User is being used to launder the proceeds of crime or for any other criminal purpose, Issuer may freeze the e-gold account and any other e-gold accounts of User. Additionally, at the sole discretion of Issuer, User will be subject to damages and other penalties, including criminal prosecution where available and the notification of the general public of User’s actions, at the sole discretion of Issuer. Design flaws in legacy e-gold system A systemic flaw in the e-gold design, present from the very beginning, made it vexingly difficult for e-gold to expel a User, in a truly effective way, for criminal abuse of the system. e-gold investigative staff might detect suspicious activity, block or freeze the offending account, and later discover the same perpetrator had created additional accounts. One element was logic that allowed an e-gold account full privileges from the moment of creation and only revoked those privileges in the event of suspicion that the account holder was seeking to mask their identity or actually engage in illicit activity. Compounding this weakness was an unrestricted ability for Users to create multiple accounts without any obligatory indicator that they were all under the control of one person. The next generation of the e-gold application will undertake to enforce a "one-human being/one e-gold User" rule. Instead of the existing logic where a User logs directly into an account, a User in the next generation system logs in as a User. Only validated Users are empowered with the ability to create multiple accounts. The advantage from the cybercrime-thwarting standpoint will be an ever-stronger ability to blacklist a person who has abused the e-gold system. e-gold is intensively working on this next generation User-based log-in system but it is likely to be another 6-9 months to deployment. Meanwhile, emergency surgery is required NOW. Shock Therapy phase [may it be brief!] 1) Effective immediately, new e-gold account creation is suspended until a compliant interim solution for Customer Identification can be ensured. 2) We are requesting that autoexchangers - even though the technical beauty of the autoexchanger concept is sublime – cease supporting exchanges to or from e-gold for the time being. The problem with the autoexchanger concept is that although the autoexchangers themselves may be perfectly compliant with requirements [promulgated by Webmoney and e-gold] to automatically put tracking data in their memo fields, and despite the fact that Webmoney is also committed to aiding in the suppression of cybercrime, the fact is that a substantial proportion of the cybercriminals that abuse e-gold have evolved into a modus operandi that involves autoexchanging possible proceeds of crime into Webmoney, sometimes within minutes of receiving the value, thus making interdiction a matter of catch-up or closing the barn door after the horse is gone. Looking Forward We are confident that a regulated e-gold rebuilt to a more systematic specification will be less hospitable to criminals, and more attractive to mainstream business use without being less accessible to those disregarded by legacy payment systems. Please accept our apologies for the occasional turbulence you may experience on this journey. And, as always... Thank you for using e-gold. Labels: E-Currency, E-Gold Read more! Good news for e-gold today: e-gold Wins Appeal in D.C. Circuit for Hearing on Asset Seizure MELBOURNE, Fla., April 20 /PRNewswire/ -- e-gold Ltd is pleased to announce a favorable ruling from The United States Court of Appeals for the District of Columbia Circuit in the matter of whether it, Gold & Silver Reserve, Inc., and Directors of both corporations are entitled to a hearing in the Federal district court regarding whether there was sufficient probable cause to justify seizures of assets from the corporations in December 2005 and April 2007. The higher court concluded, "In short, we hold that where the government has obtained a seizure warrant depriving defendants of assets pending a trial upon the merits, the constitutional right to due process of law entitles defendants to an opportunity to be heard at least where access to the assets is necessary for an effective exercise of the Sixth Amendment right to counsel." The complete text of the Order is available here at http://www.sendspace.com/pro/dl/ebdb8i. This ruling will ultimately prove to be beneficial to the rights of all Americans whose Fourth, Fifth and Sixth Amendment rights have been increasingly encroached upon in the name of fighting domestic wars du jour-whether or not they use e-gold. e-gold Ltd, Gold & Silver Reserve, Inc., and their Directors believe there was insufficient probable cause for the seizure warrants at issue and look forward to finally having their day in court on this matter. About e-gold e-gold is an electronic currency, 100% backed by physical gold in allocated storage that empowers people to use gold as money. e-gold is integrated into a secure account-based payment system, operating globally 24/7, featuring instantaneous payment settlement with no charge back risk, at lower cost. Shopping cart, automation, and mobile phone interfaces are available. Operational since 1996, e-gold has settled over 85M transactions, serves customers in 165 countries, and has a circulation of nearly 2.4 metric tonnes of e-gold. Labels: E-Currency, E-Gold Read more! Privacy Policy for www.gptcenter.blogspot.com/If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at eprofitaker@yahoo.co.uk. At www.gptcenter.blogspot.com/, the privacy of our visitors is of extreme importance to us. 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If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites. Read more! Administrator has just replied to a thread you have subscribed to entitled - Those of you "down under" please help..... - in the Global Mutual forum of HYIP Forum > HYIP Discussion.No! In Fact Global Mutual is not bankrupt. Quite the reverse in fact. So wazzup? There are now three things going for Global Mutual, and not just in a small way. 1 We have apx 3500 existing members, 1500 of which have GMI VIP IPO Shares. these shares are currently sitting at $5.25 ea. 2 GMi is in the process of having to renegotiate property deals due to over inflated property prices. The Property Venture is ongoing, albeit all ahead slow. 3 A funny thing happened on the way down the plughole. Sometimes, out of a totally dismal situation, the nicest things happen. A very well known International company has made GMi an exclusive offer which works out really well for new investors, and absolutely fantastic for current vip shareholders. We were about to go ahead with our own Private IPO offering prior to floating on th stockmarket when I had a phonecall out of the blue. Here is the Lo down on the deal. The un-named company is also about to float. And when I heard the offer, I put the stops on everything else. A private IPO offering is an offer of shares made at dirt prices, prior to listing on the stock exchange. When you get an offer like that from a thriving company, you jump at it. So what's the big deal. GMi is proud to represent that company in the offer of $1 shares, each akin to 50 warrants ea, and each to settle on company float at around $2.00 a warrent. Thats only half the deal. GMi will also receive another 50 warrants for each $1 raised, and at the time of the float, GMi will buy back the original GMi VIP shares at a rate as close to $5.25 a share. So what does this mean for current VIP members.? 1 Providing we can raise $50,000 of the new IPO Shares, existing shareholders will benefit, by a figure equal to as close to $5.25 per existing share. 2 For each IPO share also purchased, investors will receive 50*$1 or better. (Do your own maths) per share 3 I am dropping the purchase price of GMi VIP shares down to $1.00 from $5.25 for the duration of the New IPO fund. This means that If you purchase vip shares as well, you can benefit when they are returned to $5.25 after the IPO float, when GMi will buy back those shares at $5.25 as as near to as we can get. Not forgetting The ongoing benefit that will come from the property purchases taking place. There is also anudder deal under way, and if it works out then all the better. I suggest to STEVE at HyipInvestment, that he appoint a Due Dilligence Officer of his own choice, to thouroughly investigate the deal. By law we can not disclose the source of the offer, except for the purpose of Due Dilligence under a signed non disclosure agreement. So I understand the need for independant analysys. RESTRAINTS AND LIMITS The maximum allowable amount to be raised is $2,000,000 USD. The minimum Acceptible amount is $50,000 USD The CEO of the company said that small time investors could not be expected to raise that sort of money! WHAT DO YOU THINK? I think that GMi is here to stay! Lets get together on this one. I assure you the offer is genuine, alittle paperwork to be done, but looking good. Believe, Behave, and remember, there are some big players out there who would snap this up and leave us for dead. We are the first in best dressed. Lets get to it. Gordon Labels: Hyip Read more! USDC, Central Dist. of CA, Case No. CV 06-01018-NM(PLAx)This letter is being sent to you to provide information about this case. The Receiver and his counsel have prepared a Second Interim Report that may be viewed at www.tlennonfor12dailypro.com. In addition, previous letters sent by the Receiver, other documents filed with the Court, the Receiver's e-mail address and a list of Frequently Asked Questions are also posted on the website. As communicated previously, the Receiver's goal is to propose an equitable distribution plan. This step, however, requires an understanding of the claims held by investors. The Receiver has just this month obtained information about the results of the chargeback process and its impact on the amount of the investors' potential claims. This is because the process for challenging chargebacks has certain mandatory time periods and those time periods necessarily had to run before a final result could be obtained. The Receiver will now focus on analyzing those results and launching a secure web portal to gather information from investors regarding their accounts. The same portal will likely be used to receive and process claims when the Court approves such a process. The Receiver will be providing the Court and all interested parties Reports such as the one referred to above on the status of the case as required and when otherwise appropriate. While queries to the Receiver by phone and e-mail will continue to receive a response, it is not the Receiver's practice to provide updates to individual investors because of the prohibitive costs associated with trying to communicate with thousands of investors on an individual basis. Please minimize these costs by checking the website and the FAQ before calling or e-mailing the Receiver. The Receiver realizes that this is an extremely frustrating situation for investors, but please understand that he is working as diligently as possible to reach a fair and equitable result. Please check the website for updates and further information including answers to Frequently Asked Questions. Labels: Autosurf Read more! |
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