DGC Blog » e-bullion

67yr old Bernard Von NotHaus Convicted & Labeled Domestic Terrorist

Mark — Sun, 20 Mar 2011 02:55:49 +0000

Department of Justice Press Release

For Immediate Release
March 18, 2011

United States Attorney’s Office
Western District of North Carolina
Contact: (704) 344-6222

Defendant Convicted of Minting His Own Currency

STATESVILLE, NC—Bernard von NotHaus, 67, was convicted today by a federal jury of making, possessing, and selling his own coins, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. Following an eight-day trial and less than two hours of deliberation, von NotHaus, the founder and monetary architect of a currency known as the Liberty Dollar, was found guilty by a jury in Statesville, North Carolina, of making coins resembling and similar to United States coins; of issuing, passing, selling, and possessing Liberty Dollar coins; of issuing and passing Liberty Dollar coins intended for use as current money; and of conspiracy against the United States. The guilty verdict concluded an investigation which began in 2005 and involved the minting of Liberty Dollar coins with a current value of approximately $7 million. Joining the U.S. Attorney Anne M. Tompkins in making today’s announcement are Edward J. Montooth, Acting Special Agent in Charge of the FBI, Charlotte Division; Russell F. Nelson, Special Agent in Charge of the United States Secret Service, Charlotte Division; and Sheriff Van Duncan of the Buncombe County Sheriff’s Office.

According to the evidence introduced during the trial, von NotHaus was the founder of an organization called the National Organization for the Repeal of the Federal Reserve and Internal Revenue Code, commonly known as NORFED and also known as Liberty Services. Von NotHaus was the president of NORFED and the executive director of Liberty Dollar Services, Inc. until on or about September 30, 2008.

Von NotHaus designed the Liberty Dollar currency in 1998 and the Liberty coins were marked with the dollar sign ($); the words dollar, USA, Liberty, Trust in God (instead of In God We Trust); and other features associated with legitimate U.S. coinage. Since 1998, NORFED has been issuing, disseminating, and placing into circulation the Liberty Dollar in all its forms throughout the United States and Puerto Rico. NORFED’s purpose was to mix Liberty Dollars into the current money of the United States. NORFED intended for the Liberty Dollar to be used as current money in order to limit reliance on, and to compete with, United States currency.

In coordination with the Department of Justice, on September 14, 2006, the United States Mint issued a press release and warning to American citizens that the Liberty Dollar was “not legal tender.” The U.S. Mint press release and public service announcement stated that the Department of Justice had determined that the use of Liberty Dollars as circulating money was a federal crime.

Article I, section 8, clause 5 of the United States Constitution delegates to Congress the power to coin money and to regulate the value thereof. This power was delegated to Congress in order to establish and preserve a uniform standard of value and to insure a singular monetary system for all purchases and debts in the United States, public and private. Along with the power to coin money, Congress has the concurrent power to restrain the circulation of money which is not issued under its own authority in order to protect and preserve the constitutional currency for the benefit of all citizens of the nation. It is a violation of federal law for individuals, such as von NotHaus, or organizations, such as NORFED, to create private coin or currency systems to compete with the official coinage and currency of the United States.

Von NotHaus, who remains free on bond, faces a sentence of up to 15 years’ imprisonment on count two of the indictment and a fine of not more than $250,000. Von NotHaus faces a prison sentence of five years and fines of $250,000 on both counts one and three. In addition, the United States is seeking the forfeiture of approximately 16,000 pounds of Liberty Dollar coins and precious metals, currently valued at nearly $7 million. The forfeiture trial, which began today before United States District Court Judge Richard Voorhees, will resume on April 4, 2011 in the federal courthouse in Statesville. Judge Voorhees has not yet set a date for the sentencing of von NotHaus.

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.”

The case was investigated by the FBI, Buncombe County Sheriff’s Department, and the U.S. Secret Service, in cooperation with and invaluable assistance of the United States Mint. The case was prosecuted by Assistant United States Attorneys Jill Westmoreland Rose and Craig D. Randall, and the forfeiture trial is being prosecuted by Assistant United States Attorneys Tom Ascik and Ben Bain Creed.

http://charlotte.fbi.gov/dojpressrel/pressrel11/ce031811.htm

DGCmagazine February Issue “USA Sound Money” now online

Mark — Mon, 31 Jan 2011 22:00:08 +0000

Download the PDF here.

Legit e-gold users may soon get to withdraw the account balances, Good News!

Mark — Fri, 14 Jan 2011 18:01:06 +0000

It’s been a long time coming… but the e-gold blog now states that the company has reached an agreement to permit a one time withdrawal of value/equity from all e-gold accounts which meet certain “legit” standards. Here is the post from their blog dated Dec. 31. 2010 Kudo’s to Doug Jackson for his persistence and hard work.

e-gold Update: Value Access Plan Approved

As my November 2, 2009 blog entry advised, we have been working diligently to develop a Value Access Plan (VAP) to allow access to e-metal account value. We are pleased to announce that we have finalized an agreement with government authorities that will permit owners of VAP-Qualified Accounts to be paid in U.S. dollars their proportionate share of the monetized value of the e-metals in such Accounts. Completion of an agreed upon customer identification process is a prerequisite to participation in the VAP. Please complete this process as soon as possible and respond to any request for additional information promptly.

A VAP-Qualified Account is one (1) that does not contain value derived from suspected illegal activity; (2) as to which all required customer information has been provided to, and verified by, e-gold Ltd.; (3) that consents to having a VAP claim processed, which involves our transmission of all VAP-required customer information, account number, e-metal balance and monetized value to a Court-appointed Claims Administrator; and (4) after review by the Court-appointed Claims Administrator and the U.S. Government, is not disqualified by either of them on the basis of (a) known engagement in criminal activity, (b) activity relating to terrorism; or (c) residence in a country (other than Iran) subject to Office of Foreign Assets Control sanctions that would prohibit the Claims Administrator from paying the claimant.

More information on how to participate in the Value Access Plan will be posted here shortly, including when and how to submit Value Access Plan claims. Please visit this site often. Once the claims process begins, there will be a 120day period within which all claims must be submitted (the “Claims Period”). Claims will be processed as they are received during the Claims Period, and VAP-Qualified Account claims will be paid by the Court-appointed Claims Administrator pursuant to Court Order on a rolling basis.

2011 Observations on the Digital Currency Industry

Mark — Mon, 06 Dec 2010 17:16:50 +0000

2011 Observations on the Digital Currency Industry

☆ Now Accepting BitCoin (webmink.com)

FBI Tracks Down Some of James Fayed’s e-Bullion.com Millions at Perth Mint

Mark — Mon, 18 Oct 2010 05:41:33 +0000

Account at Mint linked to US crime

The FBI has tracked money from an alleged multi- million dollar global fraud and the murder of a wealthy Californian woman to the Perth Mint.

Pamela Fayed, 44, was fatally stabbed in a carpark the day before a judge was to rule on her $1 million divorce settlement from James Fayed and while she was helping the FBI look into her husband’s investments.

Mr Fayed, 47, is charged with paying a hit man $25,000 to kill his wife in July 2008 and fraud over the couple’s online gold trading company.

The WA Supreme Court has frozen a Perth Mint account of gold and silver bullion and cash held by the Fayed company Gold Bullion Reserve Corporation, which has investment links to another Fayed company, Goldfinger Coin and Bullion.

The value of the frozen assets is not known but US prosecutors claim Goldfinger received and transferred more than $20 million from investment scheme victims over eight months in 2005 and 2006.

WA Justice Jeremy Allanson said material showed Mr Fayed and GCB knew accounts were used for fraudulent schemes and they helped conduct those schemes.

Mrs Fayed, a jeweller, and her husband, an electrical contractor, set up Goldfinger in 2001 as a legitimate firm to buy and store precious metals for clients, Forbes magazine reported. It then moved into digital currency.

According to Forbes, Mrs Fayed was unhappy when the group became involved in suspect Ponzi schemes and tried to disassociate herself from that business. Their acrimonious divorce began in October 2007.

Prosecutors in the California District Court in August 2008 alleged that Mrs Fayed was asked to meet her husband’s criminal defence lawyer in Los Angeles on the day she died. She parked in a multi-storey carpark next to the lawyer’s office for the three-hour meeting after which Mr Fayed stayed in the office.

It was alleged a tall man ambushed her at her car.

The killer was seen in a vehicle allegedly rented with a credit card issued to Mr Fayed and Goldfinger.

The Gold Bullion Reserve Corporation reportedly has vaults in Switzerland, the US and WA. It is not clear why Mr Fayed deposited money in the Perth Mint.

Source: http://au.news.yahoo.com/thewest/business/a/-/wa/8149321/account-at-mint-linked-to-us-crime/

2 News Sources Now Confirm, Pamela Fayed’s Alleged Killer Now Under Arrest

Mark — Wed, 07 Jul 2010 16:05:48 +0000

http://abclocal.go.com/kabc…

http://latimesblogs.latimes.com…

Two men have been arrested in connection with the fatal stabbing in 2008 of a woman in Century City, allegedly at the behest of her husband, authorities said Tuesday.

Steven Vicente Simmons, 21, was arrested without incident June 14 in Ventura County in the killing of 45-year-old Pamela Fayed, of Camarillo. Gabriel Jay Marquez, 45, was served with an arrest warrant while in custody of the Ventura County Sheriff’s Department on an unrelated charge.

Detectives with the LAPD’s Robbery-Homicide Division said Simmons carried out the fatal stabbing of Pamela Fayed in a parking structure behind a Century City office tower. The stabbing took place in front of several witnesses, who reported that a red sport utility vehicle sped away from the scene.

Marquez is believed to have driven the getaway vehicle, detectives said.

The arrest of the two men brings the number of people involved in the alleged murder-for-hire scheme to four.

LAPD arrests 2 more suspects in 2008 Century City slaying (latimesblogs.latimes.com)
Suspects arraigned in Century City alleged murder-for-hire (latimesblogs.latimes.com)

DGC Magazine April Issue Now Online, e-dinar Interview

Mark — Wed, 07 Apr 2010 07:14:52 +0000

Download the PDF

Federal Prosecutor in e-gold Case Gets Promoted

Mark — Thu, 11 Mar 2010 16:01:36 +0000

According to the BrooklynEagle, former Brooklyn federal prosecutor Richard Weber, currently the Chief of the Asset Forfeiture and Money Laundering Section (AFMLS) of the United States Department of Justice, has been appointed Chief of the Major Economic Crimes Bureau, a consolidation and expansion of the resources of the Manhattan District Attorney’s Office for the purpose of combating complex economic crime.

“Weber was an Assistant United States Attorney and Chief of Asset Forfeiture in the United States Attorney’s Office for the Eastern District of New York, based in Downtown Brooklyn, where he served for 10 years and prosecuted and coordinated complex multiagency domestic and international money laundering, financial, tax, and forfeiture cases.”

“At the Justice Department, Weber oversaw prosecutions against major domestic and international financial institutions and corporations, including the federal portion of the Credit Suisse and Lloyds investigations, Union Bank of California, American Express Bank International, BankAtlantic, E Gold Ltd. (an internet-based digital currency business), and Sigue Corporation (a global money service business).”

The Major Economic Crimes Bureau will be responsible for all manner of complex financial investigations, including:

securities, commodities, and investment fraud
mortgage fraud and financial institution fraud
commercial bribery and kickbacks
bank fraud
structured investment schemes
internet fraud
international money laundering and terror financing

Prosecutors: ID theft case takes deadly turn (cnn.com)
Feds Want Leniency for Madoff’s Former Chief Aide (abcnews.go.com)

gBullion, A New Digital Gold Currency Opens!

Mark — Wed, 10 Mar 2010 18:15:37 +0000

Yes, a bright shiny new Digital Gold Currency has now opened in the UAE https://www.gbullion.com/

March 10, 2010 — March 10 2010 is a start date for gBullion – new payment system that enables any user to buy/sell gold and make safe instant payments all over the world.

All transactions are made in system digital currency – gB, wherein 1 gB is equal to 1 gold gram. After the purchase gold bars (of 99, 5% or higher purity) are stored in the specialized secure Vault while corresponding quantity of gold grams (gB) is transferred to electronic gBullion client account.

At any time user can exchange digital gold (gB) for real gold and obtain gold bars from a Vault located in UAE, or take delivery to specified address. Besides gB holder can transfer his digital gold (gB) to another gBullion user. All transfers are instant and free.

“Our experts were to develop internet service based on three principles: minimum charges, easy use, and high degree of reliability. Their work resulted in the unique product of high quality that is coincident with all these demands. Today a growing number of investors become interested in gold, that is of no wonder for gold turns to be the most stable currency in the world, and gBullion is the most convenient instrument for operations with this metal” – Andrew Owen, CEO gBullion.

Features:
- possibility to buy gold in minimum quantity (from 0,0001 gram);
- gB currency is 100% gold backed;
- the best market prices for gold purchase and sale through internet;
- insurance of all gold bars;
- referral program and other variants of business with gBullion;

The system operator is GBULLION DMCC Company registered in Dubai, UAE, and licensed to sell gold.
GBULLION DMCC work is inspected by the CPA firm. An auditor’s report with the information about available assets and quantity of gold bars at vaults will be regularly announced in our site. At the moment the site gBullion operates in test mode and only in English. Other languages will be soon available.

Christine Thompson
Manager of PR & Marketing Communications
www.gbullion.com

Bullish on Bullion (lewrockwell.com)

James Fayed will soon stand trail for Pamela’s murder (e-bullion)

Mark — Thu, 28 Jan 2010 22:37:10 +0000

Husband of woman killed in Century City parking garage to stand trial in her slaying

January 27, 2010 | 7:29 am

From the LATimesBlogs

A gold trader has been ordered to stand trial in the slaying of his wife, who was fatally stabbed in the parking lot of a Century City office tower.

James Fayed and his former employee Jose Luis Moya are accused in the high-profile 2008 killing.

Pamela Fayed was stabbed in the neck and face by someone who was described as a slender man in his 20s wearing a black, hooded sweat shirt. A red sport utility vehicle was seen speeding away from the bloody scene. The stabbing took place in front of several witnesses.

James Fayed was arrested shortly after his wife’s death on fraud charges stemming from the couple’s international gold trading business. He was later charged in the slaying.

A month before she was killed, Pamela Fayed had offered to help federal prosecutors in the criminal probe into the business she owned with her husband, court documents later revealed. James Fayed’s attorney said his client was unaware of her offer.

Family and friends of Pamela Fayed told The Times that for months before her death, Pamela believed her life might be in danger.

The couple were engaged in bitter divorce proceedings at the time of her death, and prosecutors noted in court documents that James Fayed was expected to be ordered to pay about $1 million in spousal support and attorney fees on July 29, the day after his wife was killed.

– Shelby Grad

DGC Blog » e-bullion

67yr old Bernard Von NotHaus Convicted & Labeled Domestic Terrorist

DGCmagazine February Issue “USA Sound Money” now online

Legit e-gold users may soon get to withdraw the account balances, Good News!

e-gold Update: Value Access Plan Approved

2011 Observations on the Digital Currency Industry

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