E-Gold Under Scrutiny
Brian Monroe reports for Florida Today about the law enforcement investigation underway of Gold & Silver Reserve, Inc., the parent company of e-gold Ltd as reported earlier in this week's Business Week.
Jackson said he started e-gold to be more than a credit card processing operation -- similar to PayPal -- and more of a currency system that could be used by major retailers in the United States as well as a small seller or buyer in a foreign country. While the company started with a goal of revolutionizing e-commerce, investigators are trying to find out if Jackson chose to look away while opportunistic criminals infiltrated his system.
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