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Topic: E-Gold owners plead guilty to money laundering (Read 1513 times)
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Joined: Dec 2007
Posts: 272
   Argentina
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 Jul 23, 2008, 04:19:12 PM | #1 |
E-Gold, based in Nevis, West Indies, and corporate affiliate Gold & Silver Reserve each pleaded guilty in U.S. District Court for the District of Columbia to conspiracy to engage in money laundering and conspiracy to operate an unlicensed money-transmitting business.
Douglas Jackson, 51, of Melbourne, Florida, the principal director of E-Gold and CEO of Gold & Silver Reserve, pleaded guilty to the charges, the DOJ said in a statement.
E-Gold's other two senior directors, Barry Downey, 48, of Baltimore, and Reid Jackson, 45, of Melbourne, each pleaded guilty to felony violations of District of Columbia law relating to operating a money transmitting business without a license. E-Gold, Gold & Silver Reserve and the three company directors were charged in an indictment returned by a federal grand jury in April 2007.
http://www.pcworld.com/businesscenter/article/148720/internet_currency_firm_pleads_guilty_to_money_laundering.html |
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Joined: Jan 2006
Posts: 6215
Administrator
 United States
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Jul 30, 2008, 10:50:56 PM | #3 |
I'm not really sure how all this is going to play out but I think it might be a bit difficult operating a payment processor from prison.
Actually, it's very disappointing that the DOJ incrimiated Douglas Jackson and e-gold. I will always believe the e-gold system is sheer genius but evidenty the feds don't think so.
So much for freedom.
you can see my opinion about this incedent here E-Gold Principals Plead Guilty to Money Laundering and Illegal Money Transmitting
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Joined: Oct 2007
Posts: 100
  United States
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Nov 25, 2008, 12:01:14 AM | #5 |
| maybe if they are on jail they can not help? |
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 | los
Folder Moderator
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Joined: Sep 2007
Posts: 567
 Australia
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Nov 25, 2008, 12:48:13 AM | #6 |
I'm not really sure how all this is going to play out but I think it might be a bit difficult operating a payment processor from prison.
Actually, it's very disappointing that the DOJ incriminated Douglas Jackson and e-gold. I will always believe the e-gold system is sheer genius but evidenty the feds don't think so.
i agree too, yet the feds don't, so they used any means possible to bring it into disrepute .These charges i thought Jackson would fight, its a shame , to me he hasn't.
So much for freedom..... 
There is such thing. So called "free" countries actually are rather repressive. You are only free so long as you play by their rules. Australia is no different, advocating world wide itself as a free country, however it certainly is not. It is a country ruined by far to many laws, far to many taxes. and far to much interference by religious groups on our govt. |
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You can do anything if you have enthusiasm. Enthusiasm is the yeast that makes your hopes rise to the stars. With it, there is accomplishment. Without it there are only alibis.
- Henry Ford |
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