E-Gold Indicted For Money Laundering

 Doug Jackson, Reid A. Jackson and Barry K. Downey have been indicted by the US Government for vigorous e-gold, http://www.e-gold.com private digital gold currency, illegally. They operated in Melbourne having been indicted by a federal grand board of panel of board of jury in Washington, D.C. They are accused of doling out an unregulated financial network which catered to criminals laundering illegal portion.


Jeffrey Taylor, the U.S. Attorney for the District of Columbia, and appendage Justice Department. Officials said they expect the three will surrender in Washington DC at a sophisticated date.


A four-sum indictment was handed the length of charging E-Gold Ltd., Gold & Silver Reserve Inc. and owners Dr. Douglas L. Jackson, of Satellite Beach; Reid A. Jackson, of Melbourne; and Barry K. Downey, of Woodbine, Maryland. Each was charged once conspiring to lauder monetary instruments; conspiracy to progress an unlicensed maintenance transmitting issue; practicing an unlicensed money transmitting matter; and transmitting keep without a license in Washington, D.C.


The federal, State and local task force operated for 2 1/2-years spearheaded by the U.S. Secret Service in Orlando, along when IRS, FBI and added disclose and local police agencies. Federal prosecutors obtained a court ordered search warrant and allegedly seized millions of dollars. That resulted in at least 58 account holders monster exposed and many thought to be criminals laundering illegal child support even though E-Gold operations and transactions.


"Douglas Jackson and his connections operated a sophisticated and widespread international maintenance remitting situation, unsupervised and unregulated by any entity in the world, which allowed for anonymous transfers of value at a click of a mouse," Taylor said. "Not surprisingly, criminals of all stripe gravitated to E-Gold as a place to involve their money taking into account impunity. As alleged in the indictment, the defendants in this stroke knowingly allowed them to reach so and profited from their crimes."


The indictment charged that "EGold" digital currency functioned as an oscillate payment system and was purportedly backed by stored creature gold. It charged that customers needed single-handedly to pay for an e-mail residence to submission an account and that no optional add-on customer auspices was verified. The indictment accused some customers of using fictitious names such as "Mickey Mouse," "Donald Duck" and "No Name" and could conduct international transactions without any government regulation. Do you know about Buy Stripe Account?


Because of that, it became a "intensely favored method of payment" by investment scammers, description card and identity fraud thieves, and sellers of Internet child pornography, authorities said.


A call to E-Gold and Gold & Silver Reserve offices the founder denies charges. Dr. Douglas Jackson, Chairman and Founder of E-Gold, speaking regarding behalf of his fellow Directors and both companies energetically denies the charges, taking particular exception to the allegations that either company ever turned a blind eye to payments for child pornography or for the sale of stolen identity and savings account card mention.


Dr. Jackson declared, "With regard to child pornography, the running knows full nimbly that their allegations are disloyal, still they emphasis these irresponsible and purposely damaging statements in order to demonize E-Gold in the eyes of the public. During the Inquisition, accusations of witchcraft and heresy were used to sanctify torture and seizures of property. In p.s. 9-11 America, child porn and terrorism support as the denunciations of option. E-Gold, however, as a matter of incontrovertible fact, is the most working of the entire online payment systems in detecting and interdicting abuse of its system for child pornography linked payments. E-Gold Ltd. is a founding aficionado of the National Center for Missing and Exploited Children's (NCMEC) Financial Coalition to Eliminate Child Pornography. 

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