Comments: Bullion and Bandits: The Rise and Fall of Another Visionary

I read this and I'm reminded of Stephenson's old puritan Drake Waterhouse, still proudly fighting on with his ears cut off by the Star Chamber, finally blown into the sky by the King's henchmen under cover of the Great Fire...

Posted by RAH says elsewhere... at June 11, 2009 11:18 AM

I wouldn't use my real name because Douglas Jackson would probably rather have the fluff piece Wired published than the truth and would do anything to stop its publication. The truth is Douglas Jackson knew of the Money Transmitter regulations and was stopped from expanding his influence into securities trading. The founder of e-gold is a criminal and was acting like one from the beginning till right now. Jackson took funds from ponzi schemes run on his platform and profited from them. In addition to all this his affiliation with John Wayne Zidar does not get any mention in the article which should have mentioned the $2 million invested in e-gold by Zidar. The real Douglas Jackson is no innocent, but rather someone caught by the Feds with his hands in the cookie jar and was forced to cooperate for a lesser sentence. The pathology of this career criminal is not revealed and the avoidance makes a travesty of the justice system. In addition to his dealings with Zidar he also attempted to deal with the Taliban during their despotic rule of Afghanistan.

Posted by noone at June 11, 2009 07:46 PM

Hi Ian,

"with this, the financial crisis might have been averted."

Could you blog a bit about the reasoning behind this?

Best regards,
Philipp

Posted by PG at June 12, 2009 05:10 AM

hmm, doug flew me into his operation not long after he started for a quickie one day consult and job interview, as a person intimately connected with banking and money transmitter regulations I told him that ANY onshore presence of his business or himself would result in the results that have come about(this viewpoint was as popular as a lead balloon), this also included basing in any US territory such as Puerto Rico.(as he was doing at one time).

I wouldnt go so far as to call doug a criminal, BUT he was warned how to do business safely or legally(nb the use of 'or' is intentional when dealing with US banking laws at present).

anon

Posted by consultant at June 17, 2009 12:52 PM
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