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E-gold Major Agents’ Accounts Seized By US Government
It now appears this morning that all large e-gold exchange agents doing business with US clients have had their e-gold accounts seized by US court order.
Here is what we know as of this morning.
- Icegold, AnyGoldNow, 1mdc, Omnipay and other large exchange agents have all had their accounts blocked by a US government agency court order.
- When attempting to log in on these accounts, the e-gold server responds that the account does not exist. It appears the accounts have been seized by the US authorities.
- It is now not possible to unbail bars from e-gold Ltd.
(Icegold has since opened a new e-gold account and seems to be back doing business.)
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From the 1mdc web site. http://www.1mdc.com/
ATTENTION
Friday Apr 27 2007 – 4AM UTC
It appears that a U.S. Government court order has forced e-gold(R) to close down or confiscate all of 1mdc’s accounts. All 1mdc account’s have been closed at e-gold by order of the US Government.
Please note that it appears the accounts of many of the largest exchangers and largest users of e-gold have also been closed or confiscated overnight: millions of Euros of gold have been lost or confiscated in this event. Many of the largest exchangers are shutdown.
Realistically, it is extremely unlikely that this action will ever be reversed.
If the action is reversed, your e-gold grams remaining in 1mdc will “unbail” normally to your e-gold account.
You CAN spend your 1mdc back and fore to other 1mdc accounts. However you must be aware that it is likely your e-gold will never be released from e-gold.
Ultimately e-gold(R) is an entirely USA-based company, owned and operated by US citizens, so, as e-gold users we must respect the decisions of US courts and the US authorities regarding the disposition of e-gold and the safety and security of US citizens.
Even though 1mdc has no connection whstsoever to the USA, and most 1mdc users are non-USA, ultimately e-gold is USA based.
1mdc thanks it’s users and technical staff and support staff. From 1mdc’s point of view, 1mdc had only just started to generate income from spend fees so five years expense and experimentation was wasted.
It is the opinion of your 1mdc team that:
1. The early era of DGC privacy is over.
2. USA citizens will simply never be able to use DGCs.
3. The only DGCs that operate from now on will:
(a) Have no connection to the US
(b) Have no USA users (exactly as Swiss banks have no USA users)
(b) Will have higher ID requirements than e-gold currently does.
You are welcome to email “team@1mdc.com” but, again, the realistic view is that the e-gold(R) will never be released. Note that of all e-gold confiscated by US court order, none has ever been released.
Steve yes, it sort of looked that way in the afternoon, but now the indictments have been made public we know its not just 1mdc. Looks bad for DGCs.
Thanks Steve.
Great!!! INFO
Thanks very much
Regards,
http://trick-winbet.blogspot.com
Mark,
It does seem (as of this writing) that it is only 1mdc that has made a “self-regulated closure or suspension” and e-gold does not seem to be affected. I think the effect on e-gold was temporary since there seemed to have a type of “bank-run” (panic-selling)on the e-gold as a currency.
As you mentioned, pecunix would be a good e-gold alternative since it is also “use-able” at various auto-exchangers.
Goldmoney does not seem to be affected since they have a “CAP verification system” similar to moneybookers and so they know who their customers are…unlike e-gold.
In my opinion, 1mdc was “dodgy” from the start since “why have a dgc within a dgc”…it just does not make sense.
E-bullion is scary too since they have many ties to the USA, Goldmoney is basically more “off-shore”.
Will be keeping track on the latest info here in your great website. All eyes are focused here right now for the latest “facts” and not speculation.
Cheers!
Steve
1855 days ago
[...] http://digitalmoneyworld.com/ [...]
Pecunix is still going strong. As far as I know, we have completely avoided any interference from authorities. Pecunix has never been involved with any failed HYIP (we remove HYIP’s from Pecunix as soon as we discover them). In short, Pecunix has all the attributes needed to continue successfully. —-quoted from a list earlier today and accurate.
1855 days ago
[...] 1MDC uses e-gold. Im surprised to hear this as I believe 1mdc has close ties with E-gold. It also mentions that some other exchangers were frozen. People in China are reporting that E-gold blocked their use of proxies. I can’t seem to find anything on E-gold news page for official word on any of this. I did find some more reading on Digital money world [...]
1855 days ago
[...] http://digitalmoneyworld.com/ [...]
That is not good news. You have to wonder what is likely to happen next. The future of digital currencies has definitely taken a turn for the worse.
It is over for e-gold?
What about non-USA users of e-gold?
What’s next? Pecunix? E-bullion?
I think the only safe one is WebMoney since it is Russian (thank God!)
Cheers!
steve
Spread, latest news to LGE members
http://tdinoz-td.blogspot.com/
http://tdinoz-td.blogspot.com/2007/04/london-gold-exchange-news-e-gold.html