PonziScams.com Schemes & Due Diligence

The U.S. DOJ , in their press release, states “E-Gold has been a highly favored method of
payment by operators of investment scams, credit card and identity fraud,
and sellers of online child pornography.” My thought is what about indicting the Federal Reserve System on those reasons as well. Cash is, has, and will be a favored method for Drugs, investment scams, credit card and identity fraud, and child pornography. Why not include Visa and Master Card into this as well. Credit Card fraud is wildly know about.

Two years ago E-Gold was also indicted, if I remember correctly. They won then, they will win this time as well.

The U.S. DOJ press release also states the E-Gold conspired to money laundering. My questions is, Conspired with whom? Who is it they conspired with? Why are they not named on the indictment? You can not conspire with yourself, you must conspire with someone else.

My thoughts are E-Gold is not going anywhere. If the U.S. DOJ wants to get rid of E-Gold, pass Laws, do not bring bogus Indictments and waste my Tax Dollars!

Trevors Post regarding E-Gold Indictment. Please read below of the quote from Trevor on another forum stance regarding E-Gold. I will comment after the quote.

Um, they’ve been indicted. Maybe you don’t realize just how bad that is. If you want to risk your money with them at this point, that’s your prerogative. We refuse to work with a company that’s indicted…a pretty logical response, honestly…:-p I will be surprised if anyone wants to receive their funds to e-gold after they find out what’s up with them…it’s just a smart move. When big news like indictment comes up, immediate measures and precautions must be taken. As a business with integrity, we will not work with such a company. Frankly, it would be unwise to do so, as there’s a huge risk that all funds in e-gold would lose all of their value quite quickly when everything starts to get locked-up. The bank wire withdrawals were initially a little while away, but we made it a priority when we found out about the e-gold situation. Recognize that we have not taken any action, as you are saying here. We have re-acted (appropriately, I would argue) to the indictment of e-gold. Again, if you still want to work with them, that’s your choice, but I would say that that is a very foolish decision. Hope that helps.
Trevor

As I thought about this, I realized that I know a piece of background information that not everyone else knows. E-gold is not used very heavily in our system. We purposefully keep very low amounts on hand (because we haven’t trusted e-gold or their integrity…things always seemed edgy with them, but we had no other option for our international members). Honestly, the majority of funds that come through our system are either checks, ACH, or bank wires. A very low percent of the incoming or outgoing funds have been e-gold. Few of our members are affected at all…and those that are affected are affected by the fact that e-gold is indicted…not by the fact that CEP Trust no longer accepts them. There is, afterall, quite a difference between the two of those, I would say. We no longer accept them because they are indicted. Hopefully people stop using them altogether. Wouldn’t that make a great statement to those who have no problem with defrauding others or enabling systems to do so? Why do you think CEP Trust has such heavy verification requirements? To avoid such shady activity as what takes place at E-gold. Wink We have a very different business ethic, and we will uphold that without fail. It’s just the way it is. Any company who doesn’t stand in that same place should not work side by side with us, as we truly care about taking care of our members and keeping them safe. This is the best decision to keep all of our members safe, so it was the best decision to make. Hope that additional thought helps. Smile
Trevor

First and foremost Trevor, you are running an ILLEGAL MONEY TRANSMITTER! Your Integrity is nil, either that or your comprehension skills are very low as you couldn’t understand that you HAVE TO BE LICENSED TO RUN A Money Transmitter in the State of Kentucky or 45 other states for that matter!

You are spouting your mouth off about a company that has been on the internet well over 11 years. Now combine every single site you have, still doesn’t equal that. E-Gold has been on the forefront of being a commodities bank, and involved in e-commerce long before you even started.

Now lets get to the matter at hand, all you are trying to do is bolster your little pie in the sky company for a payment processor, and I quote, “Hopefully people stop using them altogether.”

“…because we haven’t trusted e-gold or their integrity…things always seemed edgy with them, but we had no other option for our international members”, Trevor stated.

Trevor, show me your Registration info, show me you are a man of your words. Or better yet give me the telephone number, name and Bar number of the Lawyer you are working with in New York to get your Money Transmitter License, let them know I will be calling. Let’s see if your integrity is in tact! Let’s see how edgy you are!

BTW have you registered with FINCEN yet?

Ok the main problem Admins are seeing is this; Who is looking at the computer screens at E-Gold? They think, and prolly are right, that the Feds are looking at the Computer Screens at E-Gold.

I can understand why they are jumping away from E-gold. They want to protect their and your Ass! Imagine this, the FBI sitting at E-Gold watching the fluctuations of deposits. Following the flow of E-Gold, then they get a Court order and Freeze that account, then another then another. This is possible, is it probable, I do not know.

I can understand why the mass exodus from E-Gold.

For my new program what Processors would you like to see?

According to Parker Bradley “They were trying to get me to blame e-gold for fraud.”

Gold Age was a digital currency exchanger and one of the first independent e-gold exchangers. Gold Age was a registered legal corporate entity of Panama. Gold Age launched in 1999 and closed down in 2006.

Gold Age used to buy and sell the following digital gold currencies:

* e-gold
* e-Bullion
* 1mdc
* Liberty Reserve

Gold Age’s fees for exchanging fiat currency into digital gold currency ranged from 4 percent to 1.75 percent, depending on the amount exchanged and if the client was an Inner Circle Member. Gold Age was an accredited and gold awarded member of the Global Digital Currency Association (GDCA).

US Secret Service raid, March 2001

On March 12, 2001, then Gold Age owner Parker Bradley was detained at his place of business in Syracuse, New York by US Secret Service agents investigating credit card fraud.

“Gold-Age owner Parker Bradley says that during his eight-hour interrogation on March 12, the Secret Service seemed less interested in credit card fraud and more interested in the mechanics of e-gold. Until last year [2000], Bradley accepted credit cards and paid out e-gold, but said he quit because too many people used stolen credit cards when conducting business with him.

“The interrogation became less about me and more about politics and e-gold,” Bradley said. “They were trying to get me to blame e-gold for fraud. Just to be blunt, these guys have no clue about how e-commerce works, how e-gold works or what I was doing.”

In 2002 Bradley sold the business to new owners.

Arrest of Gold Age principals, July 2006

On July 27th, 2006 the New York County District Attorney’s office announced the indictment of two alleged principals of Gold Age in Brooklyn, New York (for allegedly violating Article 13-B of New York State Banking Law) after a six month sting operation that began in January 2006. The two defendants, Arthur Budovsky and Vladimir Kats are currently represented by attorney Igor Niman.

Article 13-B of the New York banking law states that it is a felony to transfer money without a license if one knowingly transmits $250,000 or more in a year from a single client in a year; $25,000 or more in 30 days; and $10,000 or more in a single transition.

In January 2006 when the sting operation was begun BusinessWeek had just reported on the use of the e-gold system by ShadowCrew, an 4000-strong international crime syndicate involved in massive identity theft and fraud. Omar Dhanani of Fountain Valley, California, connected to the ShadowCrew, is an e-gold customer and is said to have moved amounts ranging from $40,000 to $100,000 a week from proceeds of crime through e-gold. There was and is no indication that Gold Age was in any way involved with, or even used to innocently sell e-gold to ShadowCrew members.

“We believe they are innocent,” said Igor Niman, lawyer for Budvosky and Kats. “We believe this is a legitimate business practice, which does not require a state license.”

Political attack against non-fiat currencies?

It has been observed that given the burgeoning size of the digital gold currency economy the attack on Gold Age is an indirect attack on e-gold and other digital gold currencies themselves. It is perceived that the size of digital gold standard economy is beginning to pose a threat to Fiat currency such as the United States Federal Reserve notes (AKA US dollars) given the rise in the value of gold in comparison to those fiat currencies, and the rising popularity of digital gold denominated sound money like e-gold.

(As of May 2006, e-gold had 3,784,689 grams of gold in storage, which is worth approximately US$86 million. There are typically 66,000 e-gold spends each day, with a total value each day of about US$10.5 million (that is, about 460 kilograms of gold). In comparison, PayPal handles transfers of approximately US$60 million per day.)

In a response on 6 January 2006 to the “slanderous and unfounded article” in BusinessWeek about e-gold, Dr. Douglas Jackson, Chairman, e-gold, Ltd. issued a statement regarding the regulatory status of its business:

“Gold & Silver Reserve has been operating for over nine years. Seeking to comply with every applicable law, G&SR has reached out to the Government dozens of times, has repeatedly met with officials from the Internal Revenue Service, the FBI, SEC and a variety of other Federal agencies, and has been told – in no uncertain terms – that we were operating legally and in full compliance with all laws, rules and regulations. Additionally, the Government has requested from us – on more than three hundred occasions – information regarding individuals it believed to be lawbreakers. Gold & Silver Reserve complied with every single request in a professional and timely fashion. Numerous Government officials have gone so far as to commend us in writing for our efforts in complying with their requests and aiding them in their investigations.

Very recently, however, the Government concluded that it was unable to “regulate” our business under any current statutes or regulations. Rather than moving Congress to enact legislation, the Government apparently chose to undertake to regulate us under pre-existing statutes which are totally and utterly inapplicable to our business. To do so, the case the Government brought against Gold & Silver Reserve centered around false statements and fabrications made to a Magistrate Judge in Washington , D.C. A week later, when challenged by that Judge, the Government, fearing it would lose its case filed a second suit against Gold & Silver Reserve. We are now addressing that action and are confident that we will be victorious in a very short time.”

Other DCEs with regulatory issues

In September 2004, several Australian based e-gold currency exchangers ceased operation as they did not hold an Australian Financial Services licence (AFSL) . Australian based digital currency exchangers (DCEs) that closed down voluntarily, due to the Australian Securities and Investments Commission (ASIC) licencing requirements, included:

* goldex.net
* sydneygoldsales.com
* ozzigold.com

Source
http://en.wikipedia.org/wiki/Gold_Age

This bit of information is truly informative.

E-Gold Indictment from the U.S. Department of Justice states:

Digital Currency Business E-Gold Indicted for
Money Laundering and Illegal Money Transmitting
Read the rest of this entry »

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Here is what Daily ROI had to say:

Mr. Robert. Krimm a.k.a. Rob-ber Krimm-inal has now stolen not only our e-gold, some
investments we made with him and his failure to allow for withdrawing funds to other
processors, the new chapter is Mr. Krimm-inal has deleted our reserve account that held
over $600,000 and our payout account and changed our secondary password in our receivable
account with over $50,000. So now Mr. Krimm-inal is showing his true identity of being the
lowest piece of trash in the entire universe.

For those who are blaming me for Tri-Stars crimes, you may proceed in going to Hell.

For those who are saying I am using Tri-Star as an excuse to not pay, well not only can
you follow this other guy to Hell, you can also expect your membership to be transferred
there as well.

For those that have been patiently waiting E-Gold payouts, I am doing what I can to get
catch up. E-Gold is not interested in resolving anything quickly and what is worse is that
cash flow has stopped regarding E-Gold which if anyone understands how REALITY works then
you can see the difficulty in us generating revenue.

Now, Tri-Star upgrades and pending cashouts will be as follows.

Money Changers is a worthless currency. It has no dollar value therefore it is worthless.
Technically, purchases made using Money Changers were not sent to DailyROI allowing us to
take possession of these so called funds, rather they were transferred from one account to
another in a closed system that does not have any guarantee that funds are safe nor is it
back by real hard currency. Since Tri-Star is a closed system and we could not withdraw
any funds, DailyROI was never liable for a single unit of it. Mr. Krimm-inal became the
trustee DailyROI’s balance the day the account was opened. Yes we did have some successful
withdrawals, 2 checks (1250 to myself as a test and used to pay for the server lease and
expenses) 3 bullion withdrawals (approx 10,000 which was converted to gold) Mr. Krimm-inal
has 24K in gold that was put into Treo-Surf and we are owed approx $33K. We have appox
$100,000 in pending withdrawals to AlertPay and e-bullion never paid except 2 about 3
weeks ago in the amount of 4K.

The process is simple; in having me defend myself it requires that I expose Mr.
Krimm-inal’s dirty little secrets. So he threatens to sue anyone that steps up to him?
Bring it on. This way I can finally have a word with you, second to see if that bald head
is really his or actually Mr. Potato Head getting payback for the stupid big ear
attachments he came with, and thrid if he has the balls to take me on.

I may be hard, brash, and somewhat dismissive and viewed to be an “Asshole.” I am actually
quite proud to have such characteristics as these. It takes someone special like that to
make sure no one takes advantage of you which can risk everything. If anyone thinks it’s
easy, then I envy you. Must be nice to have everything in life be so perfect all the time.
I would appreciate a postcard so that I may one day visit this lost utopia of yours.

I want the members that think I am stealing your money, the money you spent to advertise
your site, for the site that has been advertised and service rendered to email me. I want
you to post negativity all over. When you are done painting DailyROI red, then I can only
hope you are satisfied. Because once you have completed my request, I would have probably
completed another important step in DailyROI’s transformation and those that are patient
and understand that things happen but they know DailyROI will come through will prosper
and you wont.

Make the choice carefully. It is only you that can make it. If you go negative then you
go. DailyROI and the members do not need or want anyone like you. You cant come into our
house and start kicking holes in the wall without being thrown out and sent a bill. Which
comes to my next comment? Those that are terminated because they want to kick holes in our
walls will have the funds in their account donated to the next in line for payment. You
will not get anything; rather it pays for the damages caused. Each negative remark costs
$50. So please go wild.

As far as Tri-Star, send Mr. Krimm-inal an email and ask to see if that dead beat will pay
you something that could buy a stick of gum in Curacaos. You may find out if he is indeed
Mr. Potato Head then prepare yourself for the big kiss in the ass you will get from the
big red lips attachment he comes with.

I am sure this will get to you Krimm and if you want call me, better yet lets chat on a
conference call and invite 20,000 people to listen in. Lets talk about what you have been
doing and what you did to DailyROI and why you did it to DailyROI. I want to know what a
Potato Head plans to do other then get sliced and fried.

Regards,

DailyROI

Previous Letter From DailyROI stated:

I figure the best way to end this is to sue Tri-Star Media. The courts will ask for
financial statements and we go from there. As for DailyROI, we may not get anything out of
this, but Mr. Krimm will get more then he bargained for. So expect the other side to begin
saying a lot of things about me personally. make sure you pay close attention that he will
keep the topic confined to only Tri-Star. He will not mention anything other then that. He
will not mention James or the other individuals involved in DailyROI since he does not
know anything about them. He will focus on making daily and I look so bad in hopes to draw
attention away from him. How anyone can support a person that hasn’t paid in 3 months is
beyond me. At least I am sending out payments though overdue, still trying to catch up.
It’s all in the actions. So, DailyROI is suing Tri-Star. Back to you Mr. Krimm, what say
you.

Regards,

DailyROI

Fax: 1-866-381-6172

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Once again I haven’t checked into them, just found it thought I would drop a line on it!