Comments: US moves to freeze Gold payment reserves

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

G&SR is USA-based but isn't e-gold based in Nevis?

Posted by Ray at April 30, 2007 05:03 AM

IANAL, and this is not legal advice, but there are several general ways of looking at the question of offshore status.

The location of the founders/beneficiaries/decision-makers, the servers, programming, intellectual property, support, customer contracts, etc, are all indicative. In this case, half appears to be in the US, and the other half appear to have been "sold" from the US to an offshore entity, created apparently for the purpose.

These are questions that may be dealt with ultimately in Washington DC., court. Typically courts in the US and around the world take a skeptical view of unclarity. The general reasonable test in a civil or taxation case is if the transfer makes economic sense, beyond simply escaping jurisdiction. Experienced offshore operators know this well and go the extra mile to make it very clear what the real economic purpose is.

In criminal matters, "economic sense" does not help as much, as the economics of crime are not considered to be so important to the court. There might be a question on whether to establish jurisdiction, but that is assisted by having the defendents at the court's pleasure.

In short, it may be that the court accepts that e-gold is in Nevis, and that it is irrelevant to the case.

Posted by IANAL at April 30, 2007 05:44 AM

Hello

USA Govt is just doing bullshit they have nothing to do with e-gold and they have totally un-educated officers who are dealing in egold case more then 2 months are gone still no progress has been done.

e-gold management is also duffer why they are living in S.O.B country

Posted by Jessica Walton at July 5, 2007 11:29 AM

It seems the problem stemmed from the negative stigma of E-gold. Now that the digital gold currency arena has been cleaned up it will likely lead to more acceptance from vault operators to work with reputable companies like GoldMoney and Bullionvault.

Posted by Trace Mayer at November 1, 2011 02:15 AM

Hi Ian, it seems there's some forward motion on maybe getting some fraction of our e-gold value.... I've received a paper letter from "E-Gold Claims Process Administrator" inviting me to logon to E-Gold.com and confirm my identity.... Well fine; after ten years I just got thru purging some old paper files where I had written down my account and password, LOL! Having neither, I suppose I won't be in the pool of claims...

Posted by Todd Boyle at May 22, 2013 12:22 PM
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