It truly grieves me to post this story, but the facts are already in source
documents posted on the Internet and this is extremely pertinent to
everybody who uses digital gold currency.

John Wayne Zidar has been indicted for mail fraud and laundering the
proceeds of a ponzi scheme.  The indictment alleges that Mr. Zidar invested
$2.4 million of the stolen money into Gold and Silver Reserve, parent
company of e-gold.  The indictment also states that Mr. Zidar invested
$100,000 of the investors money into Norfed, which shares a common officer,
Bernard Von Nothaus, with 3PGold.  Since the federal government has seized
all of Zidar's assets, presumably they have seized his stock in G&SR, making
the US Federal Government roughly 25% owner of G&SR.

See the story at the link below.

http://www.goldbankone.com/article.php?sid=166&mode=nested&order=0


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