Yesterday information was made very public about E-Gold’s Indictment for money laundering and illegal money transfers. Today E-Gold have issued a statement.

The US Department of Justice claims that E-Gold are involved in criminal activities as their system is anonymous and untraceable. E-Gold have responded saying that their system isn’t untraceable, and they have security in place.

While the US Department of Justice has some heavy claims against E-Gold, E-Gold’s own statements, and transcripts of previous court battles with the US Government certainly give balance to the argument.

While speculation will grow and continue to run riot, it will be interesting to see what facts are brought forward from both sides. As the term “justice” would have us believe, both sides should be heard with a non-prejudicial ear.

The US Department Of Justice:
http://www.usdoj.gov/opa/pr/2007/April/07_crm_301.html

E-Gold’s Response:
http://www.e-gold.com/letter3.html

We’ll continue to follow this story closely.

This entry was posted on Tuesday, May 1st, 2007 at 10:23 am and is filed under Payment processors. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.