Bold Due Diligence Moves At e-gold Bolsters A Positive Long Term Outlook pt2

Is This Proactive Move By e-gold Having The Desired Effect?

Yes! ‘Investment web site’ operators and promoters are moving OUT of e-gold and into other offshore digital currencies.

Look around and you will find dozens of posts like these from the HYIP promotional webs, known as monitors. These two posts are from the Talkgold forums:

• “…I can’t operate as a monitor – can’t receive payouts or make reinvestments because of that block. May be it is time for all to stop use Egold and find another stable processor!”
• “How do I run a monitor site if account is blocked. I can’t make payment and get payouts from anyone”

All of these also from the Talkgold forums – “…tg is one of the top hyip forums in this arena.”

• “…its time to use a good alternate! what do you think about c-gold?”*talkgold
• “…Maybe all HYIPs should start using Pecunix or any other stable service?” *talkgold
• “…what do you think about Alertpay!” *talkgold
• “…It’s time for HYIP-admins to adapt their scripts and replace e-gold to other more reliable currencies. I can live without e-gold, e-gold can’t live without us.” *talkgold
• “I think we must use another e-currency”*talkgold - This comment from HYIPs.ir touted as the “Greatest HYIP monitor in Middle east with 14 language”
• “Looks like another e-currency will have to emerge.” *Comment by the Talkgold administrator

After reading the Talkgold forums, I’m reminded of how cockroaches run for cover at night when the kitchen light comes on!

On other blogs and popular emails lists like the Gold, Silver, Crypto Discussion Group, some users are making the claim to move away from e-gold during this current period until their legal trouble is resolved. Here are two examples:

“On the other hand, maybe it would be prudent to switch to systems like Pecunix, Liberty Reserve, or c-gold until the “investigation” by the government is concluded, one way or another.” *news.gmane.org To subscribe send a blank email to: gold-silver-crypto-subscribe @ rayservers.com

“I’m not a lawyer, but I don’t think it would be wise to send due diligence documents to a company that is under indictment for money laundering charges, especially a copy of a passport or driver’s license….Of course, I relocated some of my E-Gold into Pecunix and Liberty Reserve as well.” *code4gold.com

What happens to a legitimate user when his account is blocked by the e-gold script? Can they get the block be removed? YES, of course.

Here is a detailed account from the e-gold list, 9/18/07: To subscribe visit Kobly.com

[account holder]On Friday a customer informed me that he couldn’t complete a hosting order because my e-gold account had a Value Limit on it, I checked and there it was, my e-gold account had some kind of limitation, I immediately used the contact form on e-gold site and asked, how my account was limited and what could I do to lift this limitation. Since then I have been waiting for e-gold to contact me, this as not happened! My e-gold account is not from yesterday, I think I have that account since 2003 or 2004…What I’m I supposed to do, so I can unblock my account?

UPDATE:

I just received an email from e-gold:

We reviewed your account and the block has been removed. We apologize for any inconveniences this may have caused you. Thank You, e-gold Service

That was nice. For a long time, e-gold as helped to provided my family and me with a nice income, so I just say I’m happy to have received this email. Thanks E-Gold, best of luck.

This item[above] was posted by the operator of Hosting Marketers a legitimate US based web hosting company founded in November 1999.

Another legit user which after two separate requests into e-gold, had his account unblocked: *talkgold

Good news… I have sent support tickets to them and this is their reply :

We reviewed your account and have removed the block.

Thank You,
Due Diligence Unit

Other HYIPs or directly related HYIP promotional businesses now with blocked accounts are receiving detailed inquiries for due diligence information. Below is the operator of an HYIP promotional web site, with one account already blocked he questions if he can just open another, — “r8hyip.com Your honest hyip monitor“.

(Q to e-gold) Does that mean that i don’t have the right to open a new e-gold acc and continue my business?

(Answer) Please explain the exact nature of your business.

Thank You,
Due Diligence Unit

Finally, here is a worst case situation mentioned on Talkgold (home of the HYIP discussion) This entry comes from the operator of Money Monitor which touts it’s web site as “Hyip monitor and autosurf monitor – your investment guide.”

E-gold refuse unblock my account

I have sent all ID documents that e-gold has requested, because I have nothing to hide and I can explain every transaction on my e-gold account, but after 4 weeks I got reply:

We have reviewed the documentations you provided to our office but after evaluating the e-gold account and the documents you provided we decided the blocks will not be lifted from your accounts under the Rights of Association clause in the account user agreement.

They treated me like a dirt and thief, I have get back my money and have exchanged all funds to LR. If you need help from trusted person with getting money from your blocked e-gold account, contact with me and I will help you with a small fee.