With no official announcement in an unprecedented move, e-gold selectively blocked the accounts of hundreds of its account holders. This follows the actively publicized seizure of funds from accounts associated with Legisi by e-gold, as order by the Federal Government.
Some blocked account holders are being asked to send notarized ID documents, others are submitting support tickets, still others are attempting to contact e-gold by phone to have their accounts unblocked. Some account holders are receiving the following notice: "The block will not be removed. Your account was blocked under our Right of Association clause in the account user agreement. Quoting from the e-gold Account User Agreement: http://www.e-gold.com/unsecure/terms.htm 4.6. Right of Association Issuer reserves the right to refuse service to particular individuals or entities, at its sole discretion, with or without cause. Thank You, Due Diligence Unit"
Accounts using "HYIP" in their name were widely targeted, but not exclusively. There is speculation and criticism over the reasons for e-gold's action, citing both pressure by and compliance to the Federal Government for e-gold to be more vigilant in monitoring its customers account activity. |
