Comments on: e-gold Hits The Wall ! Government Seizes Major Agents’ Accounts http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Tue, 22 Dec 2009 04:00:34 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Rick http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339621 Rick Sat, 16 Feb 2008 18:53:15 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339621 In my opinion the US government wants complete control simply because they are afraid of losing tax dollars. Anti Terrorism is a great excuse. The end result of the governments escalating attempts to control is more and more more money being moved off shore. Not necessarily because of illegal activity's but for fear of your money not being safe in the us. Lets face it e gold tried to do everything in a legal way in the us rather than starting off shore and it appears that they would have been safer off shore. In my opinion the US government wants complete control simply because they are afraid of losing tax dollars. Anti Terrorism is a great excuse. The end result of the governments escalating attempts to control is more and more more money being moved off shore. Not necessarily because of illegal activity’s but for fear of your money not being safe in the us. Lets face it e gold tried to do everything in a legal way in the us rather than starting off shore and it appears that they would have been safer off shore.

]]> By: Alan Dunwiddie http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339620 Alan Dunwiddie Sun, 28 Oct 2007 20:27:42 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339620 Ironic how the "land of the free" is the first government taking big steps against freedom of movement of capital. First Internet Gambling, and now digital currencies. Sadly, as an EU citizen I don't expect our leaders to be any more enlightened or acceptant about wanting to monitor or block usage of these systems in the coming years. Ironic how the “land of the free” is the first government taking big steps against freedom of movement of capital. First Internet Gambling, and now digital currencies. Sadly, as an EU citizen I don’t expect our leaders to be any more enlightened or acceptant about wanting to monitor or block usage of these systems in the coming years.

]]> By: Motosuha http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339617 Motosuha Tue, 07 Aug 2007 17:25:27 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339617 Business is trust and only trust. If you open an account and lose everything you put in becauce of gouvernment move - you lose trust. If they do so with egold why don't they do it with bank, stocks and bonds accounts or credit card saldo ? If I was a kamikaze terrorist I would not care my name to be mentionned on the payment system I would use for purchasing my bomb. For other traditional bad guys it is known to everybody that bad guys always get false identity when breaking away from prison. So ID checking is 100% useless. By the way it is legal to incorporate a company who is the mother company of a company who is the mother company and so on ... This way you can keep you name secret for a while - and a while is often enough for the bad guys. Billion of dollars crossed borders illegaly years before internet existed. Since it looks so easy for autorities to take the money on the internet - I suspect bad guys go on doing business the way they did before the internet. To be legal or not ? You never know all the laws and if you try to respect all the laws you never do anything but study. Business is trust and only trust.

If you open an account and lose everything you put in becauce of gouvernment move – you lose trust.

If they do so with egold why don’t they do it with bank, stocks and bonds accounts or credit card saldo ?

If I was a kamikaze terrorist I would not care my name to be mentionned on the payment system I would use for purchasing my bomb.

For other traditional bad guys it is known to everybody that bad guys always get false identity when breaking away from prison.
So ID checking is 100% useless.

By the way it is legal to incorporate a company who is the mother company of a company who is the mother company and so on … This way you can keep you name secret for a while – and a while is often enough for the bad guys.

Billion of dollars crossed borders illegaly years before internet existed. Since it looks so easy for autorities to take the money on the internet – I suspect bad guys go on doing business the way they did before the internet.

To be legal or not ? You never know all the laws and if you try to respect all the laws you never do anything but study.

]]> By: 60 e-gold Exchange Agents, Who’s Still Alive? You Might Be Surprised… at No Bullshit HYIP Blog, A Part of No Bullshit Network http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339618 60 e-gold Exchange Agents, Who’s Still Alive? You Might Be Surprised… at No Bullshit HYIP Blog, A Part of No Bullshit Network Thu, 19 Jul 2007 19:31:14 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339618 [...] like to explore, is just how much of e-gold’s business ‘jumped ship’ when they hit the wall. Are they fading away into the distant sunset? One way to calibrate their market acceptance might [...] [...] like to explore, is just how much of e-gold’s business ‘jumped ship’ when they hit the wall. Are they fading away into the distant sunset? One way to calibrate their market acceptance might [...]

]]> By: 60 e-gold Exchange Agents, Who’s Still Alive? You Might Be Surprised… http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339619 60 e-gold Exchange Agents, Who’s Still Alive? You Might Be Surprised… Thu, 19 Jul 2007 19:22:40 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339619 [...] like to explore, is just how much of e-gold’s business ‘jumped ship’ when they hit the wall.  Are they fading away into the distant sunset?  One way to calibrate their market acceptance [...] [...] like to explore, is just how much of e-gold’s business ‘jumped ship’ when they hit the wall.  Are they fading away into the distant sunset?  One way to calibrate their market acceptance [...]

]]> By: Iptv http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339616 Iptv Tue, 26 Jun 2007 20:03:27 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339616 finally omnipay is migrating to africa :-) finally omnipay is migrating to africa :-)

]]> By: Sandra Lipscomb http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339602 Sandra Lipscomb Thu, 24 May 2007 17:36:19 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339602 Lipscombsjos1@hotmail.com Ok so if you are doing a hyip just where can you move the e-gold if anybody is moving e-gold? I am being emailed with every withdrawal I make, but no funds are showing up in my e-gold account, and I get no records found when I try to pull up a history? Lipscombsjos1@hotmail.com
Ok so if you are doing a hyip just where can you move the e-gold if anybody is moving e-gold? I am
being emailed with every withdrawal I make, but
no funds are showing up in my e-gold account,
and I get no records found when I try to pull up a
history?

]]> By: Mark http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339599 Mark Mon, 21 May 2007 15:19:11 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339599 I'm sure they have good reasons on why e-gold took the action they did or did not. But without getting into technicalities what you have just posted is unfortunately true and its the flip side of the coin. A financial business in the US, whether its in a gray area or not, should still be attempting to comply with US regs and at least with the spirit of the law. Especially after being notified and challenged on it in Dec. 2005. I've been saying and writing that for many months. Either hire some great lobbyists, law makers and craft so beneficial legislation towards Digital Currency and change it to what you require, or comply with existing regs....OR move to sunny Panama with me...I've got an extra room and server. Mark Thanks for that last comment. I’m sure they have good reasons on why e-gold took the action they did or did not. But without getting into technicalities what you have just posted is unfortunately true and its the flip side of the coin. A financial business in the US, whether its in a gray area or not, should still be attempting to comply with US regs and at least with the spirit of the law. Especially after being notified and challenged on it in Dec. 2005. I’ve been saying and writing that for many months. Either hire some great lobbyists, law makers and craft so beneficial legislation towards Digital Currency and change it to what you require, or comply with existing regs….OR move to sunny Panama with me…I’ve got an extra room and server.

Mark

Thanks for that last comment.

]]> By: Charles http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339598 Charles Mon, 21 May 2007 14:53:15 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339598 I'm amazed that e-gold didn't simply APPLY for a license in D.C., or just move their operations to another state in the US where the requirements weren't that high. In most states all you need is about $100,000 in proven assets and an "experienced" staff. Here's the $64,000,000 question: if e-gold had millions of dollars' worth of transactions, why didn't they save some cash back home to try to go legit? There are lots of multinational companies based in the States bending backwards to comply with the laws in China and Saudi Arabia. You don't need to worry about denying the existence of Tibet or Israel when doing business in Washington! E-gold is turning THEIR mistake into fear, hype, and conspiracy theories. This is all despite the fact that e-gold's owners outright lied to their customers by claiming they were operating legally in the United States. You don't blame Highway Patrol for pulling over a driver with no license. Don't blame the Federal government for taking down e-gold. I’m amazed that e-gold didn’t simply APPLY for a license in D.C., or just move their operations to another state in the US where the requirements weren’t that high. In most states all you need is about $100,000 in proven assets and an “experienced” staff.

Here’s the $64,000,000 question: if e-gold had millions of dollars’ worth of transactions, why didn’t they save some cash back home to try to go legit? There are lots of multinational companies based in the States bending backwards to comply with the laws in China and Saudi Arabia. You don’t need to worry about denying the existence of Tibet or Israel when doing business in Washington!

E-gold is turning THEIR mistake into fear, hype, and conspiracy theories. This is all despite the fact that e-gold’s owners outright lied to their customers by claiming they were operating legally in the United States.

You don’t blame Highway Patrol for pulling over a driver with no license. Don’t blame the Federal government for taking down e-gold.

]]> By: Nostradumbass http://www.everyjoe.com/articles/e-gold-hits-the-wall-government-seizes-major-agents-accounts-162/comment-page-1/#comment-339609 Nostradumbass Wed, 16 May 2007 04:53:06 +0000 http://digitalmoneyworld.com/e-gold-hits-the-wall-government-seizes-major-agents-accounts/#comment-339609 [url=http://www.newmediajournal.us/staff/ehrenfeld/05032007.htm]How Terrorists Send Money[/url] [Yet another example of how powerful interests are able to openly operate financial networks with demonstrated appeal to the villains major governments profess to target, but a small operator like E-gold, with little if any similar demonstrated societal risk, is indicted.] Terrorism Dr. Rachel Ehrenfeld & John Wood May 3, 2007 Advanced mobile technology, cooperation between international mobile communications providers and international financial institutions and the lack of regulations make for a swift, cheap, mostly untraceable money transfer -- known as "m-payments" -- anywhere, anytime, by anyone with a mobile telephone. .... The only applicable federal reporting requirement to providers of stored value cards is the Currency Transaction Report rule. A CTR must be filed for all cash transactions greater than $10,000 per day. However, the CTR can be filed up to 15 days after the transaction has occurred, giving terrorists and criminals enough time to disappear. Furthermore, although almost all U.S. m-payment service providers are registered as Money Services Businesses with FinCEN, the regulations do not have specific provisions pertaining to them. Moreover, the government is already constrained by international privacy and secrecy laws, as in the Cayman Islands, Cyprus, Belgium and Panama. [url=http://www.newmediajournal.us/staff/ehrenfeld/05032007.htm]How Terrorists Send Money[/url]

[Yet another example of how powerful interests are able to openly operate financial networks with demonstrated appeal to the villains major governments profess to target, but a small operator like E-gold, with little if any similar demonstrated societal risk, is indicted.]

Terrorism Dr. Rachel Ehrenfeld & John Wood

May 3, 2007

Advanced mobile technology, cooperation between international mobile
communications providers and international financial institutions and the
lack of regulations make for a swift, cheap, mostly untraceable money
transfer — known as “m-payments” — anywhere, anytime, by anyone with a
mobile telephone.

….

The only applicable federal reporting requirement to providers of stored
value cards is the Currency Transaction Report rule. A CTR must be filed
for all cash transactions greater than $10,000 per day. However, the CTR
can be filed up to 15 days after the transaction has occurred, giving
terrorists and criminals enough time to disappear.

Furthermore, although almost all U.S. m-payment service providers are
registered as Money Services Businesses with FinCEN, the regulations do not
have specific provisions pertaining to them. Moreover, the government is
already constrained by international privacy and secrecy laws, as in the
Cayman Islands, Cyprus, Belgium and Panama.

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