E-Gold raided!

[IgwanaRob]

Online Payment Network Abetted Fraud, Child Pornography

The principal owners of E-Gold Ltd., an online payment system where users convert currency assets into equivalent amounts of precious metals, were indicted last week for allegedly allowing the service to be used by criminals engaged in financial scams and child pornography.

The indictment names the company's co-founders -- Douglas L. Jackson, of Satellite Beach, Fla., and Barry K. Downey, of Woodbine, Md., as well as Reid A. Jackson, of Melbourne, Fla. They are charged with conspiracy, money laundering and operating an unlicensed money transfer business. The company has offices in Melbourne, Fla., but is incorporated in the Caribbean island of Nevis.

 

[Ginseng]

Ouch. That's going to leave a mark. How can they be charged with conspiracy if their policy prohibited this (I'm assuming).

Wilkey

 

[Saxjazzman]

The plot thickens. I wonder what their email traffic says. Where is the DA when you need him??

 

[fllbrent]

Ouch. That's going to leave a mark. How can they be charged with conspiracy if their policy prohibited this (I'm assuming).

Wilkey

According to the federal indictment unsealed last month, the company's directors monitored their users and were actively aware of which accounts were engaged in illegal activity. Yet the indictment alleges that company officials did little to stop transactions to and from these accounts. The government also noted that E-Gold does not include any statement in its user agreement prohibiting the use of its services for criminal activity

 

[Ginseng]

Thanks for the info. So in other words, the owners were sloppy dumbasses who might even have been skimming the kiddie porn for their own amusement.

Wilkey

 

[tsmckenney]

Super Bowl Halftime Show - Tank Full of Piranha.

 

[anvil]

Karma
More scumbags lined up