Doug Jackson, Reid A. Jackson and Barry K. Downey have been indicted through the USA Government for operating e-gold, http://www.E-gold.Com private digital gold forex, illegally. They operated in Melbourne having been indicted by using a federal grand jury in Washington, D.C. They are accused of strolling an unregulated financial community which catered to criminals laundering unlawful cash.
Jeffrey Taylor, the U.S. Attorney for the District of Columbia, and different Justice Department. Officials stated they expect the 3 will surrender in Washington DC at a later date.
A four-count indictment changed into handed down 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 become charged with conspiring to lauder economic devices; conspiracy to perform an unlicensed cash transmitting commercial enterprise; operating an unlicensed money transmitting commercial enterprise; and transmitting cash without a license in Washington, D.C.
The federal, State and neighborhood task pressure operated for two 1/2-years spearheaded by using the U.S. Secret Service in Orlando, in conjunction with IRS, FBI and different country and nearby police groups. Federal prosecutors obtained a court docket ordered search warrant and allegedly seized thousands and thousands of greenbacks. That resulted in at the least 58 account holders being uncovered and many thought to be criminals laundering unlawful money even though E-Gold operations and transactions.
“Douglas Jackson and his pals operated a complicated and widespread international money remitting enterprise, unsupervised and unregulated by way of any entity within the global, which allowed for anonymous transfers of fee at a click of a mouse,” Taylor stated. “Not extraordinarily, criminals of every stripe gravitated to E-Gold as an area to move their cash with impunity. As alleged within the indictment, the defendants in this example knowingly allowed them to achieve this and profited from their crimes.”
The indictment charged that “EGold” virtual forex functioned as an opportunity payment device and turned into purportedly sponsored by using saved physical gold. It charged that clients wished simplest to provide an e-mail cope with to open an account and that no different patron records became confirmed. The indictment accused a few clients of the usage of fictitious names along with “Mickey Mouse,” “Donald Duck” and “No Name” and will conduct global transactions with none government regulation.
Because of that, it became a “noticeably preferred method of fee” through funding scammers, credit score card and identification fraud thieves, and sellers of Internet child pornography, government stated.
A name to E-Gold and Gold & Silver Reserve offices the founder denies fees. Dr. Douglas Jackson, Chairman and Founder of E-Gold, talking on behalf of his fellow Directors and both businesses vigorously denies the fees, taking specific exception to the allegations that both company ever grew to become a blind eye to bills for baby pornography or for the sale of stolen identity and credit score card tax havens.
Dr. Jackson stated, “With regard to infant pornography, the government knows complete properly that their allegations are fake, but they spotlight these irresponsible and purposely unfavorable statements a good way 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 publish 11th of September America, baby porn and terrorism serve as the denunciations of desire. E-Gold, but, as a count number of incontrovertible reality, is the handiest of all on line payment systems in detecting and interdicting abuse of its gadget for toddler pornography related bills. E-Gold Ltd. Is a founding member of the National Center for Missing and Exploited Children’s (NCMEC) Financial Coalition to Eliminate Child Pornography.