E-Gold Getting Tough on Crime

["Fergie" <fergdawg () netzero net>]

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Via Wired News.

[snip]

The founder of PayPal competitor e-gold has grown tired of the government
characterizing his business as a haven for money launderers, terrorists,
child pornographers and credit card thieves.

So a year after the Department of Justice raided his offices, Douglas
Jackson, president of Gold and Silver Reserve, which operates e-gold, has
been wading deep into his customer transaction logs to identify and fight
back against people who misuse his system. In the last month, he's blocked
about 2,000 accounts from his system, and he's voluntarily turned over
detailed account and transaction histories to federal law enforcement.

In the process, Jackson says he's exposed an illicit and previously
invisible economic underground.

[snip]

More:
http://www.wired.com/news/technology/0,72278-0.html

- - ferg

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--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/


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