Saturday, April 28, 2007
E-Gold Indicted for Money Laundering and Illegal Money Transmitting
The present situation is still unclear but Autosurf Dummy feels that the best course of action would be to discontinue the use of e-gold, till we have more updates from either e-gold or the Justice Department. There could be huge losses sustained by members at the end of the day if e-gold is being forced to close down.
WASHINGTON – A federal grand jury in Washington, D.C. has indicted two companies operating a digital currency business and their owners on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney for the District of Columbia Jeffrey A. Taylor announced today.The four-count indictment, handed down on April 24, 2007, and unsealed today, charges E‑Gold Ltd; Gold & Silver Reserve, Inc.; and their owners Dr. Douglas L. Jackson, of Satellite Beach, Fla.; Reid A. Jackson, of Melbourne, Fla.; and Barry K. Downey, of Woodbine, Md., each with one count of conspiracy to launder monetary instruments, one count of conspiracy to operate an unlicensed money transmitting business, one count of operating an unlicensed money transmitting business under federal law and one count of money transmission without a license under D.C. law.
Subsequent to the indictment, the Department of Justice also obtained a restraining order on the defendants to prevent the dissipation of assets by the defendants, and 24 seizure warrants on over 58 accounts believed to be property involved in money laundering and operation of an unlicensed money transmitting business. The restraining order does not limit the E‑Gold operation’s ability to use its existing funds to satisfy requests to exchange E-Gold into national currency for customers of non-seized accounts, or its ability to sell precious metals to accomplish the same, once approval has been received.
According to the indictment, E‑Gold’s digital currency, “E‑Gold,” functioned as an alternative payment system and was purportedly backed by stored physical gold. Persons seeking to use the E‑Gold payment system were only required to provide a valid email address to open an E‑Gold account – no other contact information was verified. Once an individual opened an E‑Gold account, he/she could fund the account using any number of exchangers, which converted national currency into E‑Gold. Once open and funded, account holders could access their accounts through the Internet and conduct anonymous transactions with other parties anywhere in the world.
The indictment alleges that 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. The indictment alleges that the defendants conducted funds transfers on behalf of their customers, knowing that the funds involved were the proceeds of unlawful activity; namely child exploitation, credit card fraud, and wire (investment) fraud; and thereby violated federal money laundering statutes. The indictment further alleges that the defendants operated the E‑Gold operation without a license in the District of Columbia or any other state, or registering with the federal government, and thereby violated federal and state money transmitting laws. The indictment alleges that this conduct occurred at various times from 1999 through December 2005.
“As alleged in the indictment, the E-Gold payment system has been a preferred means of payment for child pornography distributors, identity thieves, online scammers, and other criminals around the world to launder their illegal income anonymously,” said Assistant Attorney General Alice S. Fisher of the Criminal Division. “This indictment demonstrates that the Department of Justice, in cooperation with its law enforcement partners, will aggressively identify and prosecute those who knowingly enable and profit from transmitting the proceeds of criminal activity, online or offline.”
“Douglas Jackson and his associates operated a sophisticated and widespread international money remitting business, unsupervised and unregulated by any entity in the world, which allowed for anonymous transfers of value at a click of a mouse,” said U.S. Attorney Jeffrey A. Taylor for the District of Columbia. “Not surprisingly, criminals of every stripe gravitated to E-Gold as a place to move their money with impunity. As alleged in the indictment, the defendants in this case knowingly allowed them to do so and profited from their crimes.”
“Today's indictment is the result of a two and a half year investigation by the U.S. Secret Service Orlando Field Office into an alternative payment system which has largely operated outside of normal banking industry regulations,” said Secret Service Assistant Director for Investigations Michael Stenger. “This system has been exploited for more than 10 years by criminals who operate primarily via the Internet. Cooperation among investigators, including the IRS, the FBI and other state and local law enforcement, has enabled us to more effectively address emerging threats and evolving criminal methods, such as the use of electronic or digital currency to facilitate trafficking in illicit goods and services.”
“The advent of new electronic currency systems increases the risk that criminals, and possibly terrorists, will exploit these systems to launder money and transfer funds globally to avoid law enforcement scrutiny and circumvent banking regulations and reporting,” said Assistant Director James E. Finch, of the FBI’s Cyber Division. “The FBI will continue to work closely with the Department of Justice and our federal and international law enforcement partners to aggressively investigate and prosecute any, and all, persons or organizations that use these systems to facilitate child pornography distribution, to support organized crime, and to perpetrate financial crimes.”
“This is a new twist on laundering money through unlicensed money transmitters but it is nothing new for financial investigators,” said Eileen Mayer, Chief of IRS Criminal Investigation. “The combined investigative skills of the law enforcement partners under the St. Cloud IRS Criminal Investigation and Secret Service Task Force proved to be a brick wall for E-Gold. We are proud to bring our financial expertise to this type of investigation that ultimately unravels fraud.”
The conspiracy charge in the case relating to money transmitting carries a maximum sentence of five years in prison. The federal law violation of operating an unlicensed money transmitting business carries a maximum sentence of five years in prison. The D.C. Code violation for money transmission without a license carries a maximum sentence of five years. The conspiracy charge relating to money laundering carries a maximum sentence of 20 years in prison.
The case is being investigated by the U.S. Secret Service with the assistance of the IRS and the FBI. The case is being prosecuted by the U.S. Attorney’s Office for the District of Columbia and the Computer Crime and Intellectual Property Section of the Criminal Division. Assistance is also being provided by the Child Exploitation and Obscenity Section and the Asset Forfeiture and Money Laundering Section of the Criminal Division.
An indictment is merely an accusation and the defendants are presumed innocent unless and until proven guilty.
Wednesday, April 18, 2007
Agloco News Update
The much awaited toolbar from Agloco which was to be launched in April has been extended. A lot of members are beginning to get jittery and commenting on forums that Agloco is a scam. Well, as of now, it has not taken any money from us, so it doesn't qualify as a scam yet.
It has simply not lived up to its promise. I find it amazing that it can drive so many people into a frenzy and people are filling up their downlines in the hundreds and thousands, yet the technical staff is not half as competent as the marketing side.
I have joined since it is free but i will not recommend it to anybody at this stage because some of the reasons for delays are hardly convincing to me. Below is the update and members can form their own conclusion on the viability of this program:
"I have just got word from our Shanghai based tech team with an update on the Viewbar status. Most of the QA tests are going well with the exception of the ad servers. The team is currently integrating the Viewbar with the ad servers so that the Viewbar will have ads (and revenue) ready to go when it launches (it would not make too much sense to release a Viewbar that was not making any money). So, while the Viewbar is still on track for release this month, making the April 2nd to 16th window is getting more difficult – and, yes, the Shanghai team has been working seven days a week for quite a while now and will continue to do so until the Viewbar is released.
There is some good Viewbar news for most of you. As I mentioned in my last post, we are initially releasing about 50,000 Viewbars to those Members that signed up first. Our current plan is to release another 50,000 Viewbars every day until every pre-launch Member has a Viewbar (which means all Members should have their Viewbar within the first 10 – 11 days). This should alleviate some of the fears Members have expressed that they might have to wait weeks or months for their Viewbar. We recognize that there have been delays on the front end of the release, so we are trying to tighten up the back end of the release as much as possible.
Also, as some Members have correctly pointed out, AGLOCO’s early revenue will not immediately translate into cash distributions to Members. While we do not know how large our initial revenue will be, we do know that AGLOCO has operating costs to pay. It is important to remember that AGLOCO is not a “get rich quick scheme”, and we maintain that the most prudent way to build AGLOCO as a sustainable company is to calibrate Member distributions to company earnings. As such, the cash payouts will not begin until there is a comfortable balance between AGLOCO’s free cash flow and AGLOCO’s expenses. It is important to add that all Members will begin to accumulate hours from when they first start using the Viewbar (and referral hours will also be earned). Those hours will not be wasted. Both overall hours and monthly hours will be used in determining distributions to Members.
I’ll keep you posted as relevant updates continue to come up.
Brian Greenwald
AGLOCO Development Team"
Friday, April 13, 2007
A Writing Career With MMG
Basically you need to know how to write and the more intelligent and engaging your content, the higher the chances of being selected for the limited positions at MMG. Read more below to find out if you are eligible, there is an earning potential of $930 per month (which is pretty high by any standard).
Who knows, you could be the one selected for this rare opportunity.
Here's what you need to know:
REQUIREMENTS:
- English is your primary language. If not, you MUST have perfect written command of it, including vocabulary AND grammar. No exceptions.
- You must have a good understanding, and a lot of real world experience with HYIPs, autosurfs, and other "gold games" that have been popular on MMG for the past couple years.
- You must be at least 18 years old.
- A bank account that accepts direct deposit (US) or wire transfer (international) for payment is required.
-You must be legally eligible to work in the country of your residence.
JOB TITLE:
Independent Writer
JOB DESCRIPTION:
Specific details about the job will be revealed after your application is reviewed and you are considered to be a good candidate.
BENEFITS OF WORKING WITH MMG:
- Set your own hours. Work when you want, as much as you want.
- Pay is based the number of jobs you complete. Earn as much as you want, up to the monthly limit of $930 USD.
- MMG is growing very fast, and will soon be moving into new areas. Doing jobs for MMG will look great on your resume or your bio.
HOW TO APPLY:
1. Write a short (3 to 5 paragraphs) news article about something that is happening right now in the HYIP industry. Provide links and references to any websites or third-party companies you gathered the information from, if any. Make sure to write about something you think other people would consider "newsworthy." If it isn't worth reading, we won't.
2. Write a medium length (5 to 10 paragraphs) informational article about something that would interest a person participating in the HYIP industry. This article could be helpful and/or educational. It could just be something fun that you think is interesting. Or it could even be a rant or rave about something that is happening or has happened.
3. Write a summary about yourself and how you got involved in "high risk opportunities." Give us an idea of how you have done financially with them over the years, and why you continue to be involved.
Sunday, April 01, 2007
Surf Margin interviewed on DTM
Hi Admin,
Congratulations! We would like you to take part in our short interview about you and your program on DTM Network. This invitation is only sent to programs with reputable paying records.
Your interview will be posted in a special folder here:
http://www.dreamteammoney.com/index.php?showforum=451
This will bring your program more attention, traffic and definitely more confidence which in turn means more business to you.
We will appreciate it if you can finish all the questions in the interview form.
Interview form
1.) Hi Admin, what is your name and your site url?
Hi, my name is Charles Goldstein and my site URL is http://surfmargin.com
2.) So where do you come from?
Well I was born in Alloa, Scotland a long long time ago (1941)
3.) Whats makes you think of your domain name?
Well that's easy Surf because of the industry we are in and Margin because in business. It's the margin thats the important indicator to how well you are going to do in any opportunity.
4.) So how long has your program started?
Well the indicator on the front page of my site says we have been open for business for 63 days. Actually we have been running for a few weeks longer than that as we tore the script apart to make it work the way we wanted it to work.
5.) What type of payment processors do you accept and do you plan to accept more payment processors in the future?
Well up until just recently we only accepted E-Gold but a few days ago we also put AlertPay on the site and so far we have had only one upgrade using that proccessor but it's early days yet.
6.) How confident are you with your site security level?
Well I'm a bit parranoid about security which is one of the reasons we had script problems in the initial start up period. I encrypted the data and unfortunately it screwed the script up a little bit but we've got that resolved now and the encryption is active and working correctly. I also have Commodo Security Services every day scanning for weaknesses and I need to get their badge on my front page but I have been so engrossed in putting all the Flash Intros on-line that I didn't get round to it....It will be done today!
7.) What are your plans for the future and how long do you think you will stay online?
That's a damn good question! I want to make this site the most outstanding, unique and exciting site in the industry. We are already different in that we offer Real Cash Bonuses for our upgraded members to click on AFTER they have obtained their daily percentage. The cash bonuses are on a random page between pages 11 and 29. The link is Bold so no one should miss it but if you do then all you miss is that days bonus because it will be there again the next day. Most of my members think this is a very great attribute to the site as it helps them get to their 140% target that much quicker. It also adds to the excitement of the site.
We are also different because although we are a Profit-Share site the members accounts are updated instantly when thay have finished surfing. I have never understood the need to wait for the previous days results in order to produce current stats for members. In Surfmargin the previous days results set the current days percentage level and all balances are updated instantly based on that information.
Those two things alone make us unique but I'm not happy with just being different I want to be the Best! So I have added some really great Flash Intros that all members can use to promote their Surfmargin business and build their down lines. The object of the Flash Intros is not really to entertain, although one of them is really funny, the real reason behind the Intros is purely a marketing one. It gets people talking about our site. Word of mouth advertising is the most powerful marketing there is and if it entertains as well....That's also a bonus.
Plans for the future? Well I've already stated that we want to be the best there is but don't misunderstand I'm not just talking about eye-candy! To be the best you have to live up to members expectations and those expectations in this business are surprisingly simple. Be honest, pay on time and if there are any individual problems....Deal with them quickly and respectfully. Basic stuff really. I've run three businesses in my lifetime and all have been successful. Now I'm retired but still restless and this business I find exciting because it allows me to continue to use my skills and keeps me involved.
How long will we be online? Well to be the best you have to stick around for a bit to achieve that target. I intend sticking around until the members get bored with what I'm doing. When your customers don't want your services anymore that's the time to sell up and sail! Hopefully that wont be for a long while....Running into years maybe because I will keep innovating to keep my members interested.
8.) Do you have any phone support other than email support?
Phone support is not offered at this time because as an international site I would never be able to get any sleep and at my age sleep is very important. However that does not mean that anyone who has a problem with their site cannot email me and ask for a more personal communication. Then maybe SKYPE can come to the rescue.
9.) Can you explain on how you calculate the ROI of your plan?
The ROI is based upon the previous days upgrades. 140% is paid to the members on a variable daily percentage rate that NEVER falls below 5% but can fluctuate upwards to a maximum of 15% until the members total reaches the target of 140%. With earlier Profit-Share sites the daily percentage was allowed to go into free-fall. That led to a crazy situation where members could get upwards of 80% one day and less than 1% a few days later. Any unfortunate who upgraded during the downward trend could wait for years befor getting paid out and by then the site was gone anyway.
Our plan is Unique ( I love that word) in that not only do we pay a daily percentage that is guaranteed not to fall below 5% but in order to help members reach their target 140% we pay real cash bonuses every day for surfing extra pages. We are after all an advertising site. So encouragement to view additional sites is to my mind a good idea. What better encouragement than to pay a bonus that will get the member to his payout that much quicker?
10.) Do you have a physical office/address for your program/company?
Yes. My house in St Louis, but since I have published that I have been inundated with rubbish mail and all sorts of telephone calls. So it means that I am about to make the site annomymous in terms of physical address. I hope you understand why I have to do this, there are some strange people about and I have to protect my family.
11.) How many percentage of the funds received from investor will go to admin, staff profit?
As stated on the front page of Surfmargin: 8% goes to a separate reserve to fund commission payment and 7% goes towards admin. However I have never needed to use the admin fund other than to pay for software relative to the site.
12.) Lastly in less than 50 words, briefly describe what can your program give to your investors?
I used to be a surfer myself. I have lost and gained in this market! My frustration was the lies and deciet prevalent in the industry. The industry is here, now, because there is a need and the world is changing, everyone wants to work from home and have a better life. My site offers you the best there is to offer in this industry run by someone who has had a lifetime of experience running/owning successful businesses and folks you can't run a successful business without dealing honestly and respectfully with your customers. That's the reason we will be successful and it's also the reason we will be around for a long time
Regards
Charles Goldstein
Admin - Surfmargin
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