I was shoked when i read it
Guy, what's going on?
I was shoked when i read it
Guy, what's going on?
On July 7, 2008 a voluntary petition regulated by Chapter 7, Bankruptcy Code (Title 11, United States Code) was submitted in respect of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. The present petition was submitted voluntarily, i.e. personally by the Chairman of E-gold Douglas Jackson and Director Barry K. Downey.
July 7, 2008 -- On July 7, 2008 a voluntary petition regulated by Chapter 7, Bankruptcy Code (Title 11, United States Code) was submitted in respect of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. The present petition was submitted voluntarily, i.e. personally by the Chairman of E-gold Douglas Jackson and Director Barry K. Downey.
Since Chapter 7 of Bankruptcy Code determines the duties of the debtor to notify all the organization creditors of the bankruptcy process in advance, this public utterance targets to inform all the creditors that E-gold Ltd. and Gold & Silver Reserve (G&SR) are not liable for the obligations to the creditors, i.e. the companies are insolvent.
In view of this fact during these coming three days a liquidation proceeding of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be started. The proceeding will be conducted under the control of the federal governor appointed by the United States District Court for the District of Columbia. The name of the federal governor is not a subject to disclose yet. After the appointment of the governor the whole property of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be tuned into the bankruptcy assets and will be put out to auction to fulfill the existing liabilities to the creditors. The appointed governor collects the property of the debtor (except the property excluded from the bankruptcy assets and obtained by the debtor after the bankruptcy proceeding began), reduces to money and distributes the collected funds to the creditors following the requirements stated in article 726. Today the property of E-gold is presented by the computers and the office furniture. The registered capital of the company is $20000. All the gold accounts of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. Will be arrested during 7 days and then will be studied with the object to legitimacy and legality of the funds in them.
The liquidation proceeding of the legal entities E-gold Ltd. and Gold & Silver
Reserve (G&SR) Inc. will be performed as soon as practicable in accordance with article 704 which states that "the trustee shall collect and reduce to money the property of the estate for which such trustee serves, and close such estate as expeditiously as is compatible with the best interests of parties in interest."
We, Douglas Jackson and Barry K. Downey, announce the possible massive ddos-attacks due to the declared bankruptcy of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc., hereupon the system may operate unstable.
In accordance with the Chapter 7 of the Bankruptcy Code after the completion of the liquidation proceeding E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc., and thus e-gold will go into liquidation.
http://www.newsguide.us/business/e-c...-announcement/
Full Version: Egold Is A Bankrupt?
MoneyMakerGroup > Payment Processors & Currency Exchange > Payment Processors & E-Currencies > Others > E-Gold
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Just read this in another forum and came here to see if someone has any further news
i don't think is real though..
i found that article here : http://www.ecommerce-journal.com/articles/...hat_is_going_on
QUOTE (hyipteam @ Jul 9 2008, 12:03 AM)  i found that article here : http://www.ecommerce-journal.com/articles/...hat_is_going_on I leave 2k with that ******* egold..............i can't belive...may it DDOS? QUOTE (DonaldTrump11 @ Jul 9 2008, 03:14 PM) I leave 2k with that ******* egold..............i can't belive...may it DDOS? The e-gold site is up and running. I`ll believe the bankruptcy story when I see it on a major news network. I reckon someone`s having a laugh.
It sounds like rumors, read e-gold's blog.
Some exchangers stopped operations with e-gold.
QUOTE (ser @ Jul 9 2008, 09:47 PM) It sounds like rumors, read e-gold's blog. E-gols didn't refute or commented this news. QUOTE (aprika @ Jul 9 2008, 09:45 PM) Some exchangers stopped operations with e-gold. E-gols didn't refute or commented this news. There was a PR release report of e-Gold bancruptcy here http://www.newsguide.us/business/e-commerc...y-announcement/ and here http://www.prweb.com/releases/2008/7/prweb1080264.htm but seems to be fake as it was gone by the time I was given the url Perhaps we should only trust releases from the official source (blog http://blog.e-gold.com/ and the e-Gold site itself http://www.e-gold.com/ )
Give me a break people. It's 46% to exchange it out. LOL is e-gold backed up by gold or its already Japan Yen?
E-gold doing the right thing right now. e-commerce business should be backed up by real money and not just flaw on a surface. That is what I care. QUOTE (noname4me @ Jul 10 2008, 06:13 AM) There was a PR release report of e-Gold bancruptcy here http://www.newsguide.us/business/e-commerc...y-announcement/ and here http://www.prweb.com/releases/2008/7/prweb1080264.htm but seems to be fake as it was gone by the time I was given the url Perhaps we should only trust releases from the official source (blog http://blog.e-gold.com/ and the e-Gold site itself http://www.e-gold.com/ ) Not to mention the content of this hoax read pretty fake from the start. For next time a good path to follow if unsure is to take 2 mins to email e-gold.
e-gold blog
QUOTE July 09, 2008 Fraudulent "Press Release" and accompanying DDoS attacks Beginning July 7, 2008 a fraudulent press release was sent to multiple online publication services claiming that e-gold Ltd. and Gold & Silver Reserve, Inc. had filed for bankruptcy. The announcement was a fraud and did not come from either company or anyone associated with either company. Concurrent with the fraudulent press release there have also been intermittent denial-of-service attacks against the e-gold.com website, probably originating from the same perpetrator. An investigation is underway seeking to discover the source of both this malicious misinformation and the denial of service attacks. Oh these yellow journalists..  QUOTE (DonaldTrump11 @ Jul 8 2008, 02:52 PM) I was shoked when i read it Guy, what's going on? I was shoked when i read it Guy, what's going on? On July 7, 2008 a voluntary petition regulated by Chapter 7, Bankruptcy Code (Title 11, United States Code) was submitted in respect of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. The present petition was submitted voluntarily, i.e. personally by the Chairman of E-gold Douglas Jackson and Director Barry K. Downey. July 7, 2008 -- On July 7, 2008 a voluntary petition regulated by Chapter 7, Bankruptcy Code (Title 11, United States Code) was submitted in respect of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. The present petition was submitted voluntarily, i.e. personally by the Chairman of E-gold Douglas Jackson and Director Barry K. Downey. Since Chapter 7 of Bankruptcy Code determines the duties of the debtor to notify all the organization creditors of the bankruptcy process in advance, this public utterance targets to inform all the creditors that E-gold Ltd. and Gold & Silver Reserve (G&SR) are not liable for the obligations to the creditors, i.e. the companies are insolvent. In view of this fact during these coming three days a liquidation proceeding of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be started. The proceeding will be conducted under the control of the federal governor appointed by the United States District Court for the District of Columbia. The name of the federal governor is not a subject to disclose yet. After the appointment of the governor the whole property of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be tuned into the bankruptcy assets and will be put out to auction to fulfill the existing liabilities to the creditors. The appointed governor collects the property of the debtor (except the property excluded from the bankruptcy assets and obtained by the debtor after the bankruptcy proceeding began), reduces to money and distributes the collected funds to the creditors following the requirements stated in article 726. Today the property of E-gold is presented by the computers and the office furniture. The registered capital of the company is $20000. All the gold accounts of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. Will be arrested during 7 days and then will be studied with the object to legitimacy and legality of the funds in them. The liquidation proceeding of the legal entities E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc. will be performed as soon as practicable in accordance with article 704 which states that "the trustee shall collect and reduce to money the property of the estate for which such trustee serves, and close such estate as expeditiously as is compatible with the best interests of parties in interest." We, Douglas Jackson and Barry K. Downey, announce the possible massive ddos-attacks due to the declared bankruptcy of E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc., hereupon the system may operate unstable. In accordance with the Chapter 7 of the Bankruptcy Code after the completion of the liquidation proceeding E-gold Ltd. and Gold & Silver Reserve (G&SR) Inc., and thus e-gold will go into liquidation. http://www.newsguide.us/business/e-c...-announcement/ I don't think so....
fake story...i don't believe...e-gold is a strong company...
QUOTE (afd87 @ Jul 12 2008, 07:16 AM) fake story...i don't believe...e-gold is a strong company... The fake story was coordinated with DDoS aimed at weakening/destroying EG. Here is what they say on their official blog at http://blog.e-gold.com: QUOTE July 09, 2008 Fraudulent "Press Release" and accompanying DDoS attacks Beginning July 7, 2008 a fraudulent press release was sent to multiple online publication services claiming that e-gold Ltd. and Gold & Silver Reserve, Inc. had filed for bankruptcy. The announcement was a fraud and did not come from either company or anyone associated with either company. Concurrent with the fraudulent press release there have also been intermittent denial-of-service attacks against the e-gold.com website, probably originating from the same perpetrator. An investigation is underway seeking to discover the source of both this malicious misinformation and the denial of service attacks. QUOTE July 06, 2008
e-gold web site access temporarily degraded Overnight DDOS activity is currently degrading access to the e-gold web site. The problem is being addressed at this time.
So whats to do now please ?
Whats the situation  .. ? the news are true or no ? I have good amount in egold and i wan't lose it, also i cannot exchange with knowed websites exchangers, they don't accept egold OR have high rate!Please help QUOTE (Investinglife @ Jul 12 2008, 05:16 PM) So whats to do now please ? Whats the situation .. ? the news are true or no ? I have good amount in egold and i wan't lose it, also i cannot exchange with knowed websites exchangers, they don't accept egold OR have high rate!Please help Important news about changes in e-Gold operation. Read the full text on e-Gold official blog. As a result of US Department of Justice intervention regarding criminal abuse of e-Gold, effective immediately new account creation has been suspended. Also, autoexcangers have been requested to cease supporting exchanges to or from e-gold for the time being. The following provisions are being added to the e-Gold User Agreement: QUOTE 2.3. User agrees to not use e-gold in any manner that violates the laws of whatever jurisdiction to which the User is subject. 4.6.1.1. If e-gold investigators reasonably suspect that the e-gold account of User is being used to launder the proceeds of crime or for any other criminal purpose, Issuer may freeze the e-gold account and any other e-gold accounts of User. Additionally, at the sole discretion of Issuer, User will be subject to damages and other penalties, including criminal prosecution where available and the notification of the general public of User’s actions, at the sole discretion of Issuer. Additionally, in about 6 to 9 months new feature will be implemented with aim to enforce a "one-human being/one e-gold User" rule which will enable e-gold to expell a User for criminal abuse of the system. QUOTE (noname4me @ Jul 22 2008, 05:11 AM) Important news about changes in e-Gold operation. Read the full text on e-Gold official blog. As a result of US Department of Justice intervention regarding criminal abuse of e-Gold, effective immediately new account creation has been suspended. Also, autoexcangers have been requested to cease supporting exchanges to or from e-gold for the time being. The following provisions are being added to the e-Gold User Agreement: Additionally, in about 6 to 9 months new feature will be implemented with aim to enforce a "one-human being/one e-gold User" rule which will enable e-gold to expell a User for criminal abuse of the system. Yes,It's true .this is e-gold's fail...EXACTLY..  .I have stop to use e-gold since jan last year.
Yes i have read it, looks not good for the future of egold
s**t i have still fund in my egold superchanges offer now 1.74 of rate : EGOLD => LR
is this the end?
QUOTE (konditorwire @ Jul 22 2008, 05:58 AM) is this the end? No, I don't think so. Well, maybe for criminals. Otherwise, changes are being made for better service. Everything will be back in order once they finish implementing changes, including decent exchange rate, so don't hurry to dump your e-gold. |
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