E-Gold
E-gold was a of the company e- gold Ltd.. operated on the Caribbean island of Nevis payment system in which, according to the provider the outstanding ( electronic ) money entirely in precious metals (gold, silver, platinum, palladium ) was covered.
In April 2007, e-gold Ltd., the operator of Gold & Silver Reserve, Inc., and the founder and owner Dr. Douglas L. Jackson ( together with the co-owners Reid A. Jackson and Barry K. Downey ) of money laundering and the operation of charged with unlicensed banking transactions. In November 2008, the defendants, who had pleaded guilty, were sentenced to minor offenses.
In November 2009, the company went out of business. In May 2013 the account holders were contacted by e- Gold Claims Process Administrator to sign their rights. The time frame for this is from 3 June to 30 September 2013, the procedure is called CIP VAP (Value Access Plan - Customer Identification Program). .