Comments on: e-gold® Founder Denies Criminal Charges – Public Statement

By: Mark

Mark — Sun, 01 Jul 2007 12:53:00 +0000

Thanks for the comments, the US will allow e-gold if they tune up their business to comply, report, become licensed and fall in line with whatever rules or requests the government needs. PayPal did it some years back. I think if they are going to stay in the US and operate they will need to change. Otherwise, Panama, Belize, Costa Rica, Russia….there are other jurisdictions out there.

Mark

By: Andrew

Andrew — Sun, 01 Jul 2007 11:51:50 +0000

This is terrible… Is there no safe place to put money anymore??!?!?!?
I mean.. they just take it!

Is there any possability that there are “neutral” countries that will allow these businesses like egold to run in… such as Sweden (now i know sweden is also extremely dodgy ‘nazi gold etc.’) but why not put the gold somewhere like sweden where it seems they would be a lot less quick to suddenly declare war on a business who trades in gold since… automatically that would cause people (a lot of people) who hold accounts there to take notice… sweden has a lot of people who are very wealthy with their money there .. unlike the USA.. its almost expected the Federal Reserver etc… would pull a stunt like this.

By: Director for Zauction Offshore, Fred Michaelis

Director for Zauction Offshore, Fred Michaelis — Wed, 23 May 2007 15:49:26 +0000

I just had an idea inspired by the governments recent assail on E-gold as the cause of Child Pornography, and money laundry tool…. plus crime in general. Bare with me on this… I am told that about 3 million people use e-gold… That would be approximately one percent of the USA population… Right? That leaves 99 percent using the federal reserve notes if my math is correct. Don’t let this get out… I know I can trust you with this…. but don’t breath a word to anyone. I have heard that prostitutes accept federal reserve notes…. That is shocking isn’t it? Also, last week, bank robbers robed a bank and only took federal reserve notes…. wait! There is more… I heard that one guy embezzled a large sum of federal reserve notes from his company. Shocked…. I knew you would be…. By the very same logic of the federal government uses to indite e-gold we can discover the real truth. That while at best, e-gold can only claim responsibility for 1 percent of the crime committed in the USA. 99 percent of the crime committed involves the use of the Federal Reserve notes…. Someone has to redirect the federal government’s attention to the real cause of crime… Also I have another point. The claim e-gold is the better money… comes out of Nevis, not the USA… In Nevis there is probably no such thing as Fincen, or what ever the supper secret USA government agency that is appointed to protect the Federal Reserve establishment. I wonder how many other countries currencies are not registered as money transmitters with that agency? Now that you know the real cause of crime, I trust you will be getting rid of all your Federal reserve notes…. Just send them to me and I will take care of them by investing them in the currency that is only responsible for the one percent of the crime. Can you imagine, a world with 99 percent less crime?:-)

By: Director for Zauction Offshore, Fred Michaelis

Director for Zauction Offshore, Fred Michaelis — Wed, 16 May 2007 05:26:07 +0000

My friend Jim sent me this in my email.

» Home » Daily News Cast » US Government Forces E-gold Redemptions – Seizes Gold

US Government Forces E-gold Redemptions – Seizes Gold
By MoneyNet Producer | Published 05/11/2007 | Daily News Cast | Unrated

MoneyNet Producer

View all articles by MoneyNet Producer US Government Forces E-gold Redemptions – Seizes Gold
This article is Copyright 2007. You may re-publish for free it if left intact and only if you give credit with weblink back to http://www.moneynetnews.com

===

In an unprecedented move on or just before Wednesday May 9th, 2007, the United States of America has forced Omnipay et al E-gold to redeem all the gold backing the 58 previously frozen accounts owned by e-gold, 1mdc, icegold and a handful of other exchangers and customers to be liquidated effective immediately to a us dollar account owned by the federal government.

According to the reduction in the gold bar list, the bar count
has dropped by 48 bars of approximately 400 oz each between May 3, and May 9.

This redemption totals USD $11.357 Million.

Date Gold Grams ($ Value)
03-05-07 3,489,436 77.015 Million
09-05-07 2,974,871 65.668 Milllion

Gold Bars value Sold: USD 11.357 Million

MoneyNetNews has learned from a reliable source that e-gold has been ordered
to hand over a fresh copy of the customer database when the redemption
is completed.

MoneyNetNews cannot confirm if all of the 48 bars redeemed account for
the forfeiture action of the United States. It is possible that a part
of this activity can be accounted for by increased volatility in e-gold’s
general market.

Not only was E-gold / Omnipay ordered to convert gold (and silver) holdings
in the seized accounts into US Dollars, but that included their own
(Omnipay’s, and E-gold’s) frozen (seized) accounts. This will ultimately
result is great losses of value over time even if the victims of the seizures
are found to be innocent due to the in progress bull market in gold and bear
market in US Dollars.

The seizure order appears to be unrelated to the criminal case in progress
against E-gold and OmniPay in that the seizure of the accounts by the government
was done under a (separate) civil case, for which the Government has yet to file
anything.

By doing so, the government was able to seize accounts without having
to reveal anything to the owners of the accounts themselves. By law,
the government has 30, and possibly up to 90 days to file a complaint.

Until the government civil filing is done, none of the victims of the seizures
can possibly do anything to defend themselves, not even obtain information as
to why their accounts have been seized, or what they would have done wrong.

None of the victims of the account seizures have been advised of anything
officially at this time.

By: Fred Michaelis director of Zauction Offshore

Fred Michaelis director of Zauction Offshore — Tue, 15 May 2007 15:02:17 +0000

E-gold is up and going again! The shackels have been removed from this honest company… but I am not sure that the battel is over yet… The Federal reserve government does not want a currency competing with it especially since thers is not backed by anything… If someone offers you papper in one hand, and gold in the other and you can have either…. which one will you pick? Fred

By: Mark

Mark — Mon, 07 May 2007 11:32:58 +0000

Fred, ever try WebMoney, they work for auctions no problem.

Mark

By: GoldEconomy.biz » Blog Archive » Alertpay now rejects e-gold deposits

GoldEconomy.biz » Blog Archive » Alertpay now rejects e-gold deposits — Mon, 07 May 2007 06:55:01 +0000

[...] users to fund their accounts via e-gold but this has been temporarily disabled as a result of an indictment by the United States Department of Justice against the key officers at e-gold Ltd about aiding [...]

By: Fred Michaelis /director of Zauction Offshore Inc

Fred Michaelis /director of Zauction Offshore Inc — Sun, 06 May 2007 15:19:18 +0000

Someone needs to sue the Government. I am one of millions that this action may hurt… I was driven underground by the USA government years ago.. I surficed when I inherited. Fearing Government repercusion I loaned money to a friendly offshore company that made me director… The major asets of the company are in e-gold… If this isn’t resolved I could be back on the streets… Class action anyone?

By: Fred L Michaelis

Fred L Michaelis — Sun, 06 May 2007 02:20:01 +0000

I am shocked and devistated… There is no limit to the low the USA government will stoop. If this is true, I am personally ruined and the company that I am director of, http://zauctionoffshore.com is ruined. I will not even be able to feed my 6 dogs or 2 goats if this is true…. Please help someone… My dogs and goats deserve a good home… I love them very much…. I really don’t know what to do… Please, if you believe in prayer, pray for all who have been wrongfully indited, and that the USA government will be exposed for the villian that it is… Fred L Michaelis phone +1512 XXX XXXX call day or night… I need your prayers

By: Mark

Mark — Wed, 02 May 2007 01:02:17 +0000

“e-gold has initiated a major system improvement to change from an account-based login process to a user-based login. With the implementation of this change
e-gold will dramatically streamline the ability to capture only accurate user
identity information and further reduce the already poor hospitability of e-gold
for illicit activity. This change is significant requiring substantial
programming and implementation switchover processes, and is expected to be deployed early in 2007.”