E-Gold Works With Law Enforcement to Interdict Illicit Activity
Posted on: Wednesday, 19 March 2008, 15:00 CDT
MELBOURNE, Fla., March 19 /PRNewswire/ -- In response to the recent article "Cash Is King" by Nathan Vardi, e-gold points out that it is always vigilant to assist federal law enforcement in bringing criminals to justice and appreciates that Mr. Vardi recognizes that payment systems other than e- gold are subject to abuse.
Regrettably, e-gold's work with the FBI, FTC, IRS, DEA, SEC, USPS, and other government agencies has gone widely unnoticed. The e-gold staff has participated in hundreds of investigations in support of law enforcement. In addition, e-gold maintains an active investigations staff supported by numerous automated and manual system protocols to work proactively to identify and stop unwanted activity. As a matter of fact, e-gold is the most effective of all online payment systems in detecting and interdicting abuse of its system for child pornography and other illegal activity. e-gold's investigative capability has not only made it one of the poorest choices for illicit activity, but has directly provided extraordinary data that has led to the identification, apprehension, and conviction of cyber criminals.
Since its inception in 1996, e-gold has settled over 85 million payments and extended its customer base to more than 165 countries. It currently receives nearly one million visits to its website weekly and settles over $1 billion worth of payments annually. It provides a valuable service for many individuals and companies doing business online. It represents significant advantages over credit cards including not being as subject to exposing personal information over the Internet (a primary cause of identity theft), while still maintaining full identifying information as part of the record for every transaction (that is, e-gold is not anonymous).
About e-gold
e-gold is an alternative 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 85M transactions, serves customers in 165 countries, and has a circulation of nearly 2.4 metric tonnes of e-gold. Learn more about e-gold by visiting the website at http://www.e-gold.com/.
PRESS INQUIRIES CONTACT: Holly Pitt Young 202-207-2854 hyoung@jcwatts.com ALL OTHER INQUIRIES: Bill Cunningham bcunningham@g-sr.com 321-956-1200 ext. 127 http://www.e-gold.com/ http://blog.e-gold.com/
e-gold
CONTACT: press, Holly Pitt Young, +1-202-207-2854, hyoung@jcwatts.com;or all other inquiries, Bill Cunningham, +1-321-956-1200 ext. 127,bcunningham@g-sr.com, both for e-gold
Web site: http://www.e-gold.com/
Source: PRNewswire
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