Criminal fraud warning regarding the firm “Solid Investment” (SI) and its site solidinvestment.com
August 27, 2008
World Law Direct is combining E-gold and SI fraud claims. E-gold, as many investors now know, is being criminally prosecuted in Washington D.C. If you have registered with us as part of our free public service offers, please email us for updates and for restitution/payout information.
July 23, 2008
E-Gold pleads guilty to money laundering
On Monday, the Nevis, West Indies, company, its founder and two senior directors all agreed to plead guilty to various charges related to money laundering and the operation of an unlicensed money transfer business. The agreement ends a nearly four-year investigation into the company and its digital currency service, which – because of the anonymity it provided account holders – became a popular method for cybercriminals to turn ill-gotten proceeds into clean cash.
“The operations of E-Gold Ltd. and the other defendants undermined the laws designed to maintain the integrity of our financial system and created opportunities for criminal activity,” Jeffrey A. Taylor, U.S. Attorney for the District of Columbia, said in a statement announcing the agreement. “Because of the successful prosecution of these defendants, digital currency providers everywhere are now on notice that they must comply with federal banking laws or they will be subject to prosecution.”
Under the terms of the agreement, E-Gold’s founder, Dr. Douglas Jackson of Melbourne, Florida, and two principal directors will plead guilty to charges of operating an unlicensed money transfer business, according to the statement released by the U.S. Department of Justice. Jackson will also plead guilty to conspiracy to launder money. Both E-Gold and its corporate affiliate Gold and Silver Reserve, a Delaware corporation, have also agreed to plead guilty to conspiracy to launder money.
For more information click here
June 15, 2008:
Our lawyers are finishing several key meetings with law enforcement this week and we expect significant developments to be announced shortly. Separately, we expect e-gold Ltd. officials and their legal counsel to be the subject of a U.S. Federal Court subpoena. We believe e-gold Ltd. is subject to U.S. Federal Court jurisdiction and may be held liable for some or all of the investors’ losses (and potential triple damages) in the Solid Investment scam.]
April 30, 2007:
Federal Grand Jury indicts E-Gold
A federal grand jury in Washington, D.C. has indicted two companies operating a digital currency business and their owners on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney for the District of Columbia Jeffrey A. Taylor announced today.
The four-count indictment, handed down on April 24, 2007, and unsealed today, charges E-Gold Ltd; Gold and Silver Reserve, Inc.; and their owners Dr. Douglas L. Jackson, of Satellite Beach, Fla.; Reid A. Jackson, of Melbourne, Fla.; and Barry K. Downey, of Woodbine, Md., each with one count of conspiracy to launder monetary instruments, one count of conspiracy to operate an unlicensed money transmitting business, one count of operating an unlicensed money transmitting business under federal law and one count of money transmission without a license under D.C. law.
March 31, 2007:
As part of our continuing public service, lawyers within the World Law Direct group are filing April 18, 2007 with Attorneys General in three states, and with U.S. Federal Court in Texas and New York. We will be seeking the recovery of assets identified from abroad, and from several responsible parties including e-gold.com (e-gold Ltd) and potentially one federally insured U.S. bank.
If you want your claim to be added to these specific filings kindly provide us with 1) your name, 2) current physical address, 3) current telephone number and 4) amount you sent to Solid Investment. Even if you’ve contacted us before, you must provide this current information or we will be unable to include your claim.
Information should be sent at the following link, and there is no charge on this matter:
We look forward to working with you.
If you are also involved in the Architects of Wine fraud litigation, please inform us when you send your SI information:
Seed International and Architects of Wine
September 19, 2006:
The German courts have authorized access to bank account and related information in six countries. In accordance with the decisions, our lawyers have served (or are currently serving) documents and orders on corresponding banks and notices to related law enforcement agencies. We expect the first arrests or initial prosecutions within 14 to 28 days. Certain persons of interest and/or suspects are currently unable to travel outside of their home country without apprehension. We are very pleased with the recent results.
September 9, 2006:
A German court on Thursday September 14 will authorize or decline the release of Solid Investment account-related information from five banks in Germany, Ukraine, Russia, Mexico and Estonia. We expect positive results. SolidInvestment site operators (including “Sam Collins”) remain in hiding and have refused to answer any court documents or press/attorney inquiries. Default court judgments are likely.
August 9, 2006:
SolidInvestment.com fraud and theft loss: To ensure processing of your claim please also file with the FBI no later than August 31, 2006. If the amount you originally invested was less than 5000 dollars you may file your claim online here: FBI
Larger claim amounts may be filed online or may be sent to your local FBI office.
July 31, 2006:
Our lawyers are finishing several key meetings with law enforcement this week and we expect significant developments to be announced shortly. Separately, we expect e-gold Ltd. officials and their legal counsel to be the subject of a U.S. Federal Court subpoena. We believe e-gold Ltd. is subject to U.S. Federal Court jurisdiction and may be held liable for some or all of the investors’ losses (and potential triple damages) in the Solid Investment scam.
July 27, 2006:
$100,000 Bounty
A 100,000 dollar bounty has been issued. Contact us for more information. Earn 100,000 dollars for substantial information resulting in the further location and arrest of the operators of SolidInvestment.com.
The bounty covers and includes the person(s) that called themselves Rafael Sosa and/or Sam Collins.
July 18, 2006:
Our lawyers and outside counsel are filing in US Federal Court, and on a limited basis, with at least two courts abroad. If you wish to potentially have your account included in, or added to, our filing, please email us with your name and original amounts invested. Also kindly note for us records of any communication with any SolidInvestment “staff”.
Input to our staff has been tremendous. Numerous tips, phone records, recordings, etc. already have helped to locate certain offenders and certain assets. We will keep you apprised.
Comments from our site users regarding solidinvestment.com
“…as of mid-day Saturday July 8th, 2006,
the Solidinvestment site has been down, as well as the forum:
http://www.ecurrencyforum.com, which we now believe to have
been controlled by them (SI). It is imperative therefore, that we proceed with swiftness, to keep SI from pulling off one the BIGGEST HYIP scams in Internet history!”
“I also wanted to say that http://www.solidinvestment.com/ is a scam!! They used to be Jungle Ventures many months ago.. they claim they are not Jungle Ventures but had a certificate on their site that had Jungle Ventures as the name of the registered company…”
Operators of Solid Investment and the site solidinvestment.com have collected funds, failed to make promised payments, and have now disappeared.
Solidinvestment was supposedly a Belize-based company. An ongoing review of Internet and other records by WORLDLawDirect has shown the operators to be in several locations.
Lawyers are filing a federal lawsuit including charges for violation of the Racketeer Influenced Corrupt Organizations Act, 18 U.S.C. § 1962(c). Plaintiffs seek triple damages as allowed by law. More details as court papers are released.
Criminal charges are being filed as of today, July 12, 2006. If you have further comments or information, or need help, email us here at WORLDLawDirect.
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