People have been asking me to look into getting attorneys involved into the case of Club-FX. I have called and left a message with the lawyers at this time. If you would like to post in the comment your Loss amount that would be great.
Remember Losses are the amount invested minus payments to you.
I will Call the Lawyers again today to get a fix on what they maybe able to do.
Mr. Krimm has pulled the plug on all of his sites. Though when writing this I took a look at Tri-starmoney changers is still up and running. http://tri-starmoneychangers.com/ and http://www.e-businessonline.biz is still up.
Attention all Members,
As stated in prior emails and video’s the refund process has begun. We have sent out approx. $200k in refunds so far and the process will continue until everyone is paid. I would also like to take this opportunity to inform you all that I will be shutting down all of our websites except for STO. I will not be opening any new sites or online business ventures. I have secluded myself from everyone connected to the autosurf world. I spent the past year of my life trying to legitimize this industry and have come up against nothing but resistance which has taken a toll on my health. I have been hospitalized twice in the past 2 weeks and cannot continue at this pace. I will continue to work quietly in the background until all members have been refunded.
I would like to take this time to thank all of you for your continued patients. Please keep in mind, this will be a timely process but will be completed as soon as possible.
I have received threats against me and my families lives, I cannot continue to put my family in harms way for the sake of a website. I have worked very hard over the past year to try and bring all of you a viable and realistic way of making extra money on the internet. All I have received is my name slandered on the blogs and forums, I’ve been called a liar, a thief, a Krimm-inal, I have been called a scammer, People
have even stooped so low as to attack me for my weight problem. I have fought the good fight and have nothing left to fight with. Believe what you want about me, I cannot be concerned with it anymore. I will work to get everyone there money back and then I will work on my marriage and my health which have both suffered severely since this all began. As stated in prior emails, I will see to it that all of you receive your funds.I would like to share with you an email received from one of our refunded members.
“Robert-
Troybank had 3116 Victims. Victims are ones not in profit or break even. Their distribution will be about 20 cents on the Dollar recovered, that is even after lawyers fees and all expenses. This is a Great recovery!
The spends will be going out soon to the Troybank Victims!
Thank you!
I have found out how much was recovered from Solidinvestment. The lawyers were able to recover approximately $540,000 from Solidinvestment. With that the people who did sign up for the law suit will be getting back approximately 10 cents on the dollar. There have been about 1000 people that signed up to the law suit with a net loss of between 4 to 5 million dollars.
The spends will be going out soon. The delay has been caused by the Indictment of E-Gold, but will be going out soon now.
Well after allot of thought, I decided to bring my laptop with me on Vacation! I am
going to Launch the Site Today! You guys are hearing it First!
Here it is http://www.2ez2.com It is a Member Generator, And Direct Response Arbitrage System. You can sign up free just to earn money, or you can sign up to Make Offers to other Users, either Paid, or Free Exchange!
Lets go to the First one Paid:
You want people to sign up for an offer you purchase credits, then you post your
offer. Lets say you buy 50 credits, you want 100 people to sign up for your offer,
well that would be best to make the offer .50 credit or a half a credit. They sign
up complete the offer, your approve the transaction, then they get paid.
Lets say you want to do Exchanges for sign ups. No problem! Make your Exchange
offer, then complete exchange offers made by others in the system. Those members
will complete your offers in exchange.
Offers can be for anything; Free Stuff, Growing your Forum, Paid Programs, Buying
stuff!
Try it out it is free to sign up to make money! http://www.2ez2.com
Also we have an Ad Revenue Sharing forum there in the support Section! free to join!
http://www.2ez2.com
Oh yeah All offers will be shown on the DDToolBar as well! Look for the Green block
with Dollar Signs by it!
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.
TrevorAs 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 ReserveGold 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.comSource
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 »
