e-Gold goes down for money laundering - GoFuckYourself.com - Adult Webmaster Forum

X

quantum-x

Confirmed User

Join Date: Feb 2002

Posts: 6863
Share

Post
#1

e-Gold goes down for money laundering

07-22-2008, 07:09 AM

"The three owners of Internet currency service e-gold have pled guilty to money laundering in the U.S. District Court for D.C.. The service is based in the West Indies, but the directors apparently live in Florida. They haven't been sentenced yet, but potentially face decades in prison and millions in fines. In addition, the principal director posted a blog entry yesterday saying that 'criminal activity will not be tolerated,' and pledging to eliminate the loopholes that allowed money laundering to thrive on the service. He also claims that e-gold has more transaction volume in a single quarter than all of the first-generation Web currency services like Cybercash, Beenz, and Flooz completed over their lifetimes. Ironically, one of the reasons that contributed to Flooz's demise in 2001 was rampant money laundering."

http://yro.slashdot.org/article.pl?sid=08/07/22/1434246

PrettyInCash.com - BoozedGFs.com - TeenGFs.com - JizzGFs.com- MilfUploads.com -
Tags: None
Eriic

So Fucking Banned

Join Date: Jan 2008

Posts: 2995
Share

Post
#2

07-22-2008, 07:18 AM

Why is there site still operating?
Comment
crockett

in a van by the river

Join Date: May 2003

Posts: 76818
Share

Post
#3

07-22-2008, 07:22 AM

Money laundering to the Feds could be something as simple as a spammer getting paid via e-gold or large amounts of people using the service to not pay taxes. ie.. pretty much the same thing that happens with any web payment systems.

I don't trust any "catchy" charges the Feds use anymore because they pull the same shit in adult convictions..it's no longer what you may or may not be guilty of.. it's what they can toss at you and make stick.

Last edited by crockett; 07-22-2008, 07:23 AM.

In November, you can vote for America's next president or its first dictator.
Comment
Odysseus

Confirmed User

Join Date: Apr 2005

Posts: 745
Share

Post
#4

07-22-2008, 07:24 AM

e-Gold was be good service
Comment
dready

Confirmed User

Join Date: Oct 2002

Posts: 5247
Share

Post
#5

07-22-2008, 07:32 AM

I'm surprised it took this long.

ICQ: 91139591
Comment
Klen

Join Date: Aug 2006

Posts: 32235
Share

Post
#6

07-22-2008, 07:33 AM

That explain why exchange rates for egold now are 50%
Comment
directfiesta

Too lazy to set a custom title

Join Date: Oct 2002

Posts: 30137
Share

Post
#7

07-22-2008, 08:21 AM

Originally posted by quantum-x

"The service is based in the West Indies, but the directors apparently live in Florida. "

Major mistake ... The only good thing for them about Florida is that their house is untouchable ....

I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....
Comment
baddog

So Fucking Banned

Join Date: Apr 2001

Posts: 107089
Share

Post
#8

07-22-2008, 08:26 AM

No surprise.
Comment
Odin

Confirmed User

Join Date: Jan 2004

Posts: 2545
Share

Post
#9

07-22-2008, 09:22 AM

Originally posted by crockett

Money laundering to the Feds could be something as simple as a spammer getting paid via e-gold or large amounts of people using the service to not pay taxes. ie.. pretty much the same thing that happens with any web payment systems.

I don't trust any "catchy" charges the Feds use anymore because they pull the same shit in adult convictions..it's no longer what you may or may not be guilty of.. it's what they can toss at you and make stick.

Yep, exactly. Just the gov't trying to enforce its new world order over the online payment sector as well. A few giants like paypal will be allowed to remain, but just as with the banking sector they'll turn it into what is essentially a locked up system with a few untouchable players who are willing to bend over for the government whilst raping their customers.

ICQ: 637//961--015
Comment
DatingGold

$6 PER EMAIL JOiN

Join Date: Feb 2003

Posts: 13185
Share

Post
#10

07-22-2008, 09:24 AM

why are they in trouble though? what do they do that epassporte doesnt do?

9 Years of SOLID payouts and conversions!

ADULT DATING - $100 PPS

LIVE CAMS - $214 PPS

WWW.DATINGGOLD.COM

ICQ: 27442303
Comment
SykkBoy

Jesus loves bacon

Join Date: Feb 2001

Posts: 19969
Share

Post
#11

07-22-2008, 09:29 AM

not really that surprising

Support my new movie “The Second Coming”
Comment
crockett

in a van by the river

Join Date: May 2003

Posts: 76818
Share

Post
#12

07-22-2008, 09:52 AM

Originally posted by DatingGold

why are they in trouble though? what do they do that epassporte doesnt do?

Lived in Florida...

In November, you can vote for America's next president or its first dictator.
Comment
xmas13

Confirmed User

Join Date: Dec 2004

Posts: 5176
Share

Post
#13

07-22-2008, 10:24 AM

RIP egold.

ICQ 557504926
Comment
pornguy

Too lazy to set a custom title

Join Date: Mar 2003

Posts: 62912
Share

Post
#14

07-22-2008, 10:38 AM

Originally posted by crockett

Money laundering to the Feds could be something as simple as a spammer getting paid via e-gold or large amounts of people using the service to not pay taxes. ie.. pretty much the same thing that happens with any web payment systems.

I don't trust any "catchy" charges the Feds use anymore because they pull the same shit in adult convictions..it's no longer what you may or may not be guilty of.. it's what they can toss at you and make stick.

Hate to say this, but that is in regular criminal law as well. All day every day. Its really sad that there is NO Recourse against it either.

PornGuy skype me pornguy_epic

AmateurDough The Hottes Shemales online!
TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!
Comment
Klen

Join Date: Aug 2006

Posts: 32235
Share

Post
#15

07-22-2008, 11:17 AM

Originally posted by xmas13

RIP egold.

It's not over yet.
Comment
u-Bob

there's no $$$ in porn

Join Date: Jul 2005

Posts: 33063
Share

Post
#16

07-22-2008, 12:13 PM

Originally posted by DatingGold

why are they in trouble though? what do they do that epassporte doesnt do?

they had/have the word 'gold' in their company name
Comment
fris

Too lazy to set a custom title

Join Date: Aug 2002

Posts: 55700
Share

Post
#17

07-22-2008, 12:14 PM

i alwys thought people who wnted to be paid in e-gold to be shady

Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence.
Comment
davidd

Confirmed User

Join Date: Jul 2003

Posts: 1076
Share

Post
#18

07-22-2008, 12:18 PM

Originally posted by directfiesta

Major mistake ... The only good thing for them about Florida is that their house is untouchable ....

Your primary homestead and your primary vehicle are untouchable in Florida... in civil actions. The reasoning being that a home and a way to get to work are essentially human rights.

Your homestead is fair game to the Federal government. This includes the IRS, DEA, FBI, etc etc.

If your homestead was purchased with the proceeds from criminal activities it can be seized. If they purchased their homestead BEFORE e-Gold profits then it is fine (usually)... If they purchased the homestead with the proceeds from e-Gold, which is linked to money laundering, it is gone.

Last edited by davidd; 07-22-2008, 12:20 PM.
Comment
tranza

ICQ: 197-556-237

Join Date: Jun 2003

Posts: 57559
Share

Post
#19

07-22-2008, 12:39 PM

Couldn't care less. Never used them before.

I'm just a newbie.
Comment
seeric

..........

Join Date: Aug 2004

Posts: 41917
Share

Post
#20

07-22-2008, 01:02 PM

Originally posted by crockett

Money laundering to the Feds could be something as simple as a spammer getting paid via e-gold or large amounts of people using the service to not pay taxes. ie.. pretty much the same thing that happens with any web payment systems.

I don't trust any "catchy" charges the Feds use anymore because they pull the same shit in adult convictions..it's no longer what you may or may not be guilty of.. it's what they can toss at you and make stick.

"The three owners of Internet currency service e-gold have pled guilty to money laundering"

people dont plead guilty when they're not. e-gold is one of the biggest places to transact shady money.

they are getting what they deserve. i've seen so many sites selling blockbuster bootlegs of hollywood movies and charging in e-gold.

i dont feel sorry for them in the slighest.
Comment
czarina

Webmaster Extraordinaire

Join Date: Jul 2002

Posts: 10752
Share

Post
#21

07-22-2008, 01:10 PM

Originally posted by A1R3K

"people dont plead guilty when they're not. "

Oh, yes, they do. There are thousands of people in jail who pled guilty while they weren't, just because the state attorney was going to ask for the death penalty or life in prison if they went to trial, and offered them a few years in jail if they didn't fight it. It's not about how guilty you are, but how guilty they can make you look in front of a jury.
Comment

Previous template Next

Working...