E-Gold: Losing More Shine

Gold & Silver Reserve's tangle with the US government is deepening. The company operates a bullion-backed "digital currency" unit called e-gold that US law enforcement officials say has become a popular payment system for online criminals. On Dec. 16, agents from the US Secret Ser...

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Veröffentlicht in:Bloomberg businessweek (Online) 2006-01 (3969), p.16
1. Verfasser: Brian Grow Edited by Dan Beucke
Format: Magazinearticle
Sprache:eng
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Zusammenfassung:Gold & Silver Reserve's tangle with the US government is deepening. The company operates a bullion-backed "digital currency" unit called e-gold that US law enforcement officials say has become a popular payment system for online criminals. On Dec. 16, agents from the US Secret Service and FBI raided Gold & Silver Reserve's offices and took copies of documents and computer files. Now the US Justice Dept. is demanding that the company forfeit more than $800,000 in two of its bank accounts.
ISSN:0007-7135
2162-657X