Posted by Bill Cunningham 220.127.116.11 September 30, 2008 at 17:47:47:
E-Gold Founder Pleads Guilty to Money Laundering posted by Kim Zetter 18.104.22.168 July 25, 2008 at 19:10:05:
Original text: Douglas Jackson, the founder and director of the online payment service e-Gold and its parent company Gold & Silver Reserve, has ended a two-and-a-half-year battle with the ..
[MELBOURNE, FL] -- e-gold Ltd. announced today that it has retained KPMG LLP http://www.kpmg.com/ to assist e-gold Ltd. in the development of an improved Anti-Money Laundering Program. KPMG’s Advisory Services practice brings significant industry knowledge and experience that will greatly benefit e-gold Ltd., e-gold Ltd. announced.
Dr. Douglas Jackson, e-gold Ltd. Founder, said, “e-gold Ltd. is seeking to have one of the market’s most effective Anti-Money Laundering Programs.” Dr. Jackson said e-gold Ltd.'s goal is to implement significant enhancements to its Anti-Money Laundering Program in the next 30-60 days.
e-gold is an electronic currency, 100% backed by physical gold in allocated storage that empowers people to use gold as money. e-gold is integrated into a secure account-based payment system, operating globally 24/7, featuring instantaneous payment settlement with no charge back risk, at lower cost. Shopping cart, automation, and mobile phone interfaces are available. Operational since 1996, e-gold has settled over 90M transactions http://www.e-gold.com/stats.html , serves customers in 165 countries, and has a circulation of over 2.2 metric tonnes of e-gold http://www.e-gold.com/examiner.html .