e-gold® Legal Update

Motion to Unseal Indictment, Order Unsealing Indictment, and USDOJ Press Release Regarding Indictment (2007-04-27)

Motion to Unseal Indictment, Order to Unseal Indictment, and press release by the USDOJ all took place on 2004-04-27.  News had rippled through press outlets around the world before Gold & Silver Reserve, Inc. was provided with a copy of the Indictment.

Motion to Unseal Indictment, Order Unsealing Indictment, and USDOJ Press Release Regarding Indictment (2007-04-27)

Motion to Unseal Indictment, Order to Unseal Indictment, and press release by the USDOJ all took place on 2004-04-27. News had rippled through press outlets around the world before e-gold Ltd. was provided with a copy of the Indictment.

Seizure Warrants and Post Indictment Restraining Order Served (2007-04-26)

The Warrants seizing several e-gold accounts, including those containing the majority of the operating funds of e-gold Ltd. and its contractual Operator and Primary Dealer (Gold & Silver Reserve, Inc.) were served on 2007-04-26, as was a Post-Indictment Restraining Order (PIRO) on the two companies and three individuals named in the Indictment.

Interestingly, a television news crew arrived unannounced at the offices of Gold & Silver Reserve, Inc. hours prior to service of the Warrants and PIRO by the US Secret Service. This suggests, but is not proof, that they had prior knowledge of at least the existence of documents that at that time were under seal.

Seizure Warrants and Post Indictment Restraining Order Served (2007-04-26)

The Warrants seizing several e-gold accounts, including those containing the majority of the operating funds of e-gold Ltd. and its contractual Operator and Primary Dealer (Gold & Silver Reserve, Inc.) were served on 2007-04-26, as was a Post-Indictment Restraining Order (PIRO) on the two companies and three individuals named in the Indictment.

Interestingly, a television news crew arrived unannounced at the offices of Gold & Silver Reserve, Inc. hours prior to service of the Warrants and PIRO by the US Secret Service. This suggests, but is not proof, that they had prior knowledge of at least the existence of documents that at that time were under seal.

Post-Indictment Restraining Order (2007-04-25)

On 2007-04-25, the Court entered a Post-Indictment Restraint of Assets against the five criminal Defendants named in the Indictment.

A Seizure Warrant, Case Number 07-167-M-01 (2007-04-25) was issued contemporaneously with this Restraining Order.

Post-Indictment Restraining Order (2007-04-25)

On 2007-04-25, the Court entered a Post-Indictment Restraint of Assets against the five criminal Defendants named in the Indictment.

A Seizure Warrant, Case Number 07-167-M-01 (2007-04-25) was issued contemporaneously with this Restraining Order.

Seizure Warrant, Case Number 07-167-M-01 (2007-04-25)

The Warrant seizing the funds contained in the principal e-gold accounts of both Gold & Silver Reserve, Inc. (109243) and e-gold Ltd. (544179) was issued on 2007-04-25. It is notable for its terms of compliance.

Similarly worded seizure warrants were also served against other e-gold accounts, including those belonging to various independent exchange services of good reputation.

Seizure Warrant, Case Number 07-167-M-01 (2007-04-25)

The Warrant seizing the funds contained in the principal e-gold accounts of both e-gold Ltd. (544179) and Gold & Silver Reserve, Inc. (109243) was issued on 2007-04-25. It is notable for its extraordinary terms of compliance.

Similarly worded seizure warrants were also served against other e-gold accounts, including those belonging to various independent exchange services of good reputation.

Sealed Indictment Filed (2007-04-24)

Indictment filed by the United States of America on 2007-04-24, accompanied by a Motion to Seal including the following attachments:

1. Memorandum Of Points and Authorties in Support of Government's Motion to Seal.
2. Text of Proposed Order.

Please note that posts have been backdated in order to preserve a comprehensible timeline. Gold & Silver Reserve, Inc. did not know on 2007-04-24 that there was an Indictment, or that a motion had been filed to seal it.

Sealed Indictment Filed (2007-04-24)

Indictment filed by the United States of America on 2007-04-24, accompanied by a Motion to Seal including the following attachments:

1. Memorandum Of Points and Authorties in Support of Government's Motion to Seal.
2. Text of Proposed Order.

Please note that posts have been backdated in order to preserve a comprehensible timeline. e-gold Ltd. did not know on 2007-04-24 that there was an Indictment, or that a motion had been filed to seal it.