17-08-2008

E-bullion august news

It seems that every year payment systems one by one try to make new surprises for us. This time the surprise became from popular and known E-bullion payment system which always was considered as closed type payment system which doesn’t put into the own practice any alien business methods and stereotypes. There was set a rumor that E-bullion system is going to follow the well-known E-gold payment processor because these two systems have the same work principles and they are based on one technology. The social majority can think about this situation, “Hm... it is really strange. Why successful and developing company aim to go out from success way?” Unfortunately the recent events explain a lot of these questions and confirm the rumors.

On Monday, 28 July 2008, at 6:30 PM there was found stubbed Pamela Fayed, one of co-founders E-bullion. Woman died because of numerous stabs. This news shocked social community and especially the way of murder. There are a lot different hypothesizes about this issue but neither of these was confirmed because of the lack of facts. The investigation is active now.

Curiously enough court decided to look for the problem solving in E-bullion business. Almost right after Pamela Fayed’s death her husband James Fayed was arrested. The public was shocked because majority thinks that this fact was connected with Pamela death. But Mr. Fayed’s lawyer asserts that the reason of arrest was illegal currency changing operations and other different financial frauds.

1st August, 2008 James Fayed was sent to jail. Now he is located in Los Angeles federal jail.

His deceased wife earlier affirmed that her husband never wanted to get the properly license for their company business activity. He often provided unauthorized currency operation. It should be noted that Faydes were only shareholders of company (Goldfinger Coin & Bullion sales and E-bullion) and there was fixed the sum of 12 million dollar on their bank account.

This is a known fact that conjoints has filed to divorce recently. Of course there became the issue of property division. This fact only gives the reasons to think that James Fayed completely can be guilty of untimely wife death.

But how it can be interesting that investigation bring the fact of Mrs. Fayed’s own financial frauds and in this situation there appears a lot of other different murder reasons. Some facts says that in October, 2007 Mrs. Fayed illegally appropriated $800 000, which she transfer from corporative bank account to which she has access.

In sprite of all rumors we can only wait for this confused investigation results. Analysts fixed the fact of the recent time full controlling E-bullion company by James Fayed.

Because of this fact there nothing surprising that official company website www.e-bullion.com doesn’t accessible for the system users at this time. On the main page of website there is a notice about the 4 hours technical procedures which was placed here two weeks ago. It shows that the website doesn’t work for a long time because of the recent events.

The James Fayed arrest makes company’s fortune as the new issue. We can only hope that customers will successfully save their money.

27-07-2008

The head of known payment NETeller system Stephen Eric Lawrence admitted itself involved in not authorized money...

The head of known payment NETeller system Stephen Eric Lawrence admitted itself involved in not authorized money transfers by players of Internet casino through NETeller system, for the purpose of illegally received profit laundering. In the beginning of 2007 cases of NETeller company participation in criminal financial frauds have already been noticed. Then USA authorities have arrested two NETeller's investors encouraging illegal transfers through system.

For prevention of similar incidents USA authorities have declared that all on-line casinos since October, 2006 should stop the activity because it became practically impossible to trace all financial operations doing by them.

Certainly, such law meant a full stop of NETeller company activity because she basically was engaged in on-line casino service. After arrest of the company head, NETeller immediately refused 70 % of the actives.

Stephen Eric Lawrence admitted guilty is threatened with five years of imprisonment by clause of participation in illegally received means in laundering. The second cofounder John David Lefebvre, the former company head expects the court decision. On January, 17th, 2007 NETeller system's activity in USA territory has been stopped. All company's resources are frozen.

Systems of instant on-line payments unfortunately always will be a tidbit for use in criminal activity. All currency frauds occur into the system. It is very difficult for the authorities and sometimes it is simply impossible to trace streams of stolen money resources. Despite all said before electronic payments very much simplify daily accounts in a global network.

27-07-2008

Paypal incomes $602 million

PayPal Payment system has estimated results of the activity in 2nd quarter 2008. Company incomes for this period have made $602 million. «This rate exceeds last year's on 33 %», declares auction E-bay, official PayPal proprietor.
The PayPal system money turnover in the second quarter has made $14.93 billion. It exceeds rates of 2007 on 35 % when system incomes have increased for 34% and have made $454 million. The sum of company's money turnover in 2nd quarter 2007 has grown on 32 % in comparison with 2006 and has made $11.69 billion.
The quantity of active PayPal payment system's users increases every day. The reason of this fact is that PayPal introduces its services in various trading platforms, organizes connection of the new Internet shops. Thanks to growth of tendency to use the system for payment the goods and services in the Internet (for the last year the quantity of users has increased for 19 %) The trade at auction E-Bay which profit in 2nd quarter 2008 has made $460 million (on 20 % exceeds indicators of 2007) becomes popular.
According to the E-bay Company proprietor PayPal payment system is the main reason of such high profit rates, thus extending on other goods and services spheres in the global network. The percent of PayPal' transactions considerably prevails in reports about auction deals

25-07-2008

Webmoney Transfer Company announces that from 1st August, 2008 all cross-currency exchanges will be forbidden

Webmoney Transfer Company announces that from 1st August, 2008 all cross-currency exchanges will be forbidden. Frequent cases of illegal system use in various financial frauds, and also in unpunished money plunder by transfer from one electronic currency in another became the reason of such changes.

WM Transfer Company also has announced that all exchange offices, incapable to carry out due client personality identification, should stop the activity since 1st August, 2008. Otherwise the system will stop service corresponding WMID.

The given news already has displeased among users of system because many of them daily use cross-currency exchanges to service clients who using various payment systems. Even presence of the WM Transfer personal certificate does not allow to make legal purchase or sale of the following electronic currencies:

1. E-gold.com
2. Liberty Reserve
3. E-bullion
4. Pecunix
5. GoldMoney
6. Inocard
7. ICQmoney
8. Deltakey
9. iMoney UAH

Shortly before these events, E-gold Company has informed that has forbidden all automatic currency exchanges with a view of prevention the similar illegal actions. According to the company only «the live exchange» is capable to provide sufficient client's means safety.

Analysts consider, that these changes cannot prevent not authorized currency exchanges, however thus payment systems decline all responsibility for all losses suffered by users as a result of the similar not registered operations.