By: Unlicensed Internet Financial Services?

Unlicensed Internet Financial Services? — Tue, 31 Jul 2007 14:46:33 +0000

[...] exploiting the ‘grey area’ is ‘HYIPs‘ or High Yield Investment Programs [ponzi scams]. They operate with impunity & no regard for any laws or even a self regulated hope of [...]

By: DigitalMoneyWorld.com - Pt. 3 of 3 - Understanding This Comment: “Anyone Using E-gold Can End Up In Jail”

Mon, 26 Feb 2007 19:12:00 +0000

[...] I am only showing this comparison to demonstrate that even if you are an unwitting / unknowing participant or just in denial about your involvement — but still involved, a US judge may find your actions DO make you liable for victim losses. As I have previously written, in an HYIP scam operation using e-gold digital currency, e-gold makes money on the transactions (fees), the exchange agents make money and the scam operators clean up from fraudulent profits. None of these participants can truly say 100%, “I was not involved in this operation”. Of course I could be wrong. [...]

Comments on: Online Ponzi Schemes Using Digital Currency

By: Unlicensed Internet Financial Services?

By: DigitalMoneyWorld.com - Pt. 3 of 3 - Understanding This Comment: “Anyone Using E-gold Can End Up In Jail”