e-gold Ltd.

Republic Bank (Cayman) alleges fraud against client of e-gold

A Cayman Islands-licensed bank claims to have been defrauded of US$90,000 in a scam that was committed by unknown parties using a Nevis-domiciled, Florida-based Internet payment system known as e-gold.Details are contained in a civil complaint that was filed by Republic Bank (Cayman) Limited against John Does 1-5 and Account #5423633 at e-gold, Ltd. at the Circuit Court for the 11th Judicial Circuit, Miami-Dade County, Florida on August 4, 2008.

e-gold pleads guilty to money laundering

An Internet-based digital currency business domiciled offshore, its directors and owners and a US affiliate have pleaded guilty in the United States to charges regarding money laundering and the operation of an illegal money transmitting business.

US judge rejects e-gold’s argument that it is not a money transmitter

A U. S. federal judge has ruled that Nevis-domiciled alternative currency provider e-gold Ltd. is a money transmitter, as defined by U. S. law, and, therefore, must stand trial on counts that it operated on an unlicensed basis in the country.In a ruling at the U. S. District Court for the District of Columbia on May 8, 2008, U. S. District Judge Rosemary M. Collyer denied a motion by e-gold and four co-defendants to dismiss all three unlicensed money transmitting-counts of a four-count criminal indictment brought against them on April 24, 2007.