Comments on: The Digital Money 2007 Round Up, Part 2 of 2 http://www.everyjoe.com/articles/the-digital-money-2007-round-up-part-2-of-2-162/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Sat, 19 Dec 2009 16:15:57 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Benson http://www.everyjoe.com/articles/the-digital-money-2007-round-up-part-2-of-2-162/comment-page-1/#comment-340608 Benson Mon, 31 Dec 2007 23:12:24 +0000 http://www.digitalmoneyworld.com/the-digital-money-2007-round-up-part-2-of-2/#comment-340608 Ah now that's interesting. I've never thought of people abusing 1mdc's solution for money laundering. But wouldn't 1mdc have the transactions listed in their database to aid the law in times of crisis? Feds could have just get straight to the point if 1mdc was the main culprit. Still, interesting point and thanks for sharing MM! ;) Ah now that’s interesting. I’ve never thought of people abusing 1mdc’s solution for money laundering.

But wouldn’t 1mdc have the transactions listed in their database to aid the law in times of crisis? Feds could have just get straight to the point if 1mdc was the main culprit.

Still, interesting point and thanks for sharing MM! ;)

]]> By: Mafia Man http://www.everyjoe.com/articles/the-digital-money-2007-round-up-part-2-of-2-162/comment-page-1/#comment-340607 Mafia Man Mon, 31 Dec 2007 17:22:39 +0000 http://www.digitalmoneyworld.com/the-digital-money-2007-round-up-part-2-of-2/#comment-340607 1mdc was popular because it effectively hides 1mdc funds from e-gold. Say someone sent funds to e-gold from a know account number published on the internet and maybe connected to criminal activities. Now this person could send their tainted funds to 1mdc, then open a new account with e-gold and bail the funds out clean as a sheet. The deniability factor is that these funds also *may* have changed hands within 1mdc, which couldn't be confirmed by e-gold. This two tier system makes it difficult for Law Enforcement gathering evidence on money laundering. I seriously believe that any money laundering charges against e-gold are heavily reliant upon 1mdcs activities. MM 1mdc was popular because it effectively hides 1mdc funds from e-gold.

Say someone sent funds to e-gold from a know account number published on the internet and maybe connected to criminal activities. Now this person could send their tainted funds to 1mdc, then open a new account with e-gold and bail the funds out clean as a sheet.

The deniability factor is that these funds also *may* have changed hands within 1mdc, which couldn’t be confirmed by e-gold.

This two tier system makes it difficult for Law Enforcement gathering evidence on money laundering. I seriously believe that any money laundering charges against e-gold are heavily reliant upon 1mdcs activities.

MM

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