E-gold and 1mdc in jeopardy??????

Read what 1mdc has posted in its website:

Friday Apr 27 2007 - 4AM UTC

It appears that a U.S. Government court order has forced e-gold(R) to close down or confiscate all of 1mdc’s accounts. All 1mdc account’s have been closed at e-gold by order of the US Government.

Please note that it appears the accounts of many of the largest exchangers and largest users of e-gold have also been closed or confiscated overnight: Many tens of millions of Euros of gold have been lost or confiscated in this event. Many of the largest exchangers are shutdown.

Realistically, it is extremely unlikely that this action will ever be reversed.

If the action is reversed, your e-gold grams remaining in 1mdc will “unbail” normally to your e-gold account.

You CAN spend your 1mdc back and fore to other 1mdc accounts. However you must be aware that it is likely your e-gold will never be released from e-gold.

Ultimately e-gold(R) is an entirely USA-based company, owned and operated by US citizens, so, as e-gold users we must respect the decisions of US courts and the US authorities regarding the disposition of e-gold and the safety and security of US citizens.

Even though 1mdc has no connection whstsoever to the USA, and most 1mdc users are non-USA, ultimately e-gold is USA based.

1mdc thanks it’s users and technical staff and support staff. From 1mdc’s point of view, 1mdc had only just started to generate income from spend fees so five years expense and experimentation was wasted.

It is the opinion of your 1mdc team that:

1. The early era of DGC privacy is over.

2. USA citizens will simply never be able to use DGCs.

3. The only DGCs that operate from now on will:
(a) Have no connection to the US
(b) Have no USA users (exactly as Swiss banks have no USA users)
(b) Will have higher ID requirements than e-gold currently does.

You are welcome to email “team@1mdc.com” but, again, the realistic view is that the e-gold(R) will never be released. Note that of all e-gold confiscated by US court order, none has ever been released.

Until now USA is only checking USA accounts with a high amount of money in.

Many exchangers have their e-gold accounts frozen too because they do business with USA clients. If we can not buy or sell e-gold with these companies, could it be the beginning of the end?. Well, there are some of them that are working yet, and if USA doesn’t have proofs against them I suppose that the situation will be reversed.

Perhaps USA have enough proofs of illegal activities against some e-gold and 1mdc accounts and they are making an investigation in those accounts with a high amount of gold, or they only want to delete e-gold in its country.Who knows…

But, why are exchangers affected?, they are only selling and buying e-gold and nobody can prove that this e-gold will be used for criminal activities.

E-gold seems to work perfectly until now. You can send money from one e-gold account to another one. Let’s see what the future brings with these and other payment systems and e-currencies in USA.