Is the end of e-gold near?

May 2, 2007

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, Philippines

A US Federal Grand Jury indicted last week e-gold Ltd. and Gold & Silver Reserve, Inc. on charges of money laundering, operating an unlicensed money transmitter business, and conspiracies to commit both offenses.

The US government has either seized or frozen the funds of large e-currency exchangers such as 1mdc, Icegold, and AnyGoldNow, among others.

Several e-gold users are having problems accessing their e-gold accounts.

Is the end of e-gold near?

No, err, not yet.

e-gold founder and chairman Douglas Jackson has recently issued a strongly-worded reply to the US government's accusation denying any wrongdoing.

Icegold and AnyGoldNow are back in business transacting e-gold.

And more and more e-gold users are reporting that they are now able to access their accounts.

So is the end of e-gold near?

I don't know. Douglas Jackson doesn't know. e-gold users don't know. What we know: we just have to wait and see.

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Written by James | PinoyMoneyTalk.com · Filed Under Online Currencies

Join the discussion! Post a comment below

http://www.digitalmoneyworld.com Mark Herpel

The end is NOT near yet. No one has left the company, they are doing business as usual and so are agents. I think 1MDC is on the sidelines for now, but everyone else is back in full swing. They will fight the allegations. We should show them our full support.

Mark
DigitalMoneyWorld
http://homework62.blogspot.com Ben

I wish egold was more flexible
Prime

I don’t think e-gold will closed down because there are thousands of accounts with thousand or even millions worth of money. If the program will close without exchanging their e-gold funds to real currency then many people will be broke. There are plenty of people who fully put their trust on e-gold.