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E-Gold charged with money laundering
Robert Lemos, SecurityFocus 2007-04-30

UPDATE - Following a two-and-a-half year investigation, federal prosecutors charged online payment service E-Gold, its parent company Gold & Silver Reserve, and its three owners with four counts of violating the U.S. laws restricting funds transfers and money laundering, according to an indictment unsealed on Friday.

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Re: Re: Re: E-Gold charged with money laundering 2007-05-02
Anonymous
Sorry, but the law is pretty clear on the matter. Money transfer services have to register and obtain a license, which involves providing certain reporting assurances to the government which eGold did not. That in itself is a violation of federal law.

eGold's founders knew that, which is why ...

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