[gluteus maximus]

From The Register

Three directors of digital currency firm e-gold avoided a spell behind bars on Thursday after earlier pleading guilty to offences for money laundering and running an unlicensed money transfer business.

The three directors, along with the e-gold company itself and parent firm Gold & Silver Reserve, were charged in April 2007 with becoming a clearing house for child pornography payments and investment scams. Prosecutors charged that slack-shod verification meant the service had become a banker to cybercrooks. After initially disputing the charges the defendants pleaded guilty in July 2008.

The service remains open for business but has stopped allowing new accounts to be registered until it works out how to apply a stricter registration regime. During the federal prosecution, e-gold supporters said the Feds targeted it because it allowed virtually anonymous money transfers. Prosecutors dismissed the libertarian philosophy behind the service as irrelevant, contesting that e-gold's directors must have known crooks were using its services.

Read more here: http://www.theregister.co.uk/2008/11...ld_sentencing/

[skyforger]

Originally Posted by gluteus maximus

From The Register



Read more here: e-gold directors avoid jail ? The Register

it was just a matter of time, for them