In the recent flap about Eurocredit Bank and Garry Stroud, the complaint filed in federal court by the SEC contained the following information: ************************************************ 30. Records from E-Gold Ltd., the Internet payment service, reflect that Stroud has raised approximately $300,000 from over 1,000 investors in the Angelic offering since April 2001. To invest in the Angelic International program, an investor deposits money via a credit-card transaction or wire transfer into accounts opened in their names at E-Gold. E-Gold then transfers E-Gold "currency" (in U.S. dollar denominated amounts) via the Internet, from the investor's account to one of three Angelic International accounts held at E-Gold. Any investment returns from the trading program are to be transferred back to the investor's E-Gold account. Unlike the E-Gold accounts utilized in Stroud's other offerings, the Angelic International accounts are in the name of relief defendant Adele Louros. She is generally described as the program administrator of Prelaunch42001, now known as Angelic International, but Stroud is the person behind the offering. 31. The Angelic International E-Gold records show that the bulk of the money raised by this offering was transferred to E-Gold accounts owned and controlled by Stroud. The Angelic International investor funds were co-mingled with Stroud's and from these accounts, Stroud has made a number of expenditures. Amazingly, $50,000 of the money co-mingled in Stroud's E-Gold account was given to lawyers representing Donald Allen English in May 2001. ************************************************ Were these records turned over to the SEC by e-gold with or without a court order? How much information about the "investors" was turned over? For me this is not about Eurocredit or Stroud, it is about how much privacy can e-gold account holders expect? Will e-gold turn over your history file only with a court order or would a request from any agency on a fishing expedition be enough? Gary --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.263 / Virus Database: 135 - Release Date: 6/23/01 --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
