IntGold raided by FBI and Secret Service?

[surfer]

Federal raid targets local online business (http://www.heraldbanner.com/local/local_story_351025127.html)

If we're lucky, maybe this will put some of
IntGold's clients on the federal radar screen.

These money exchangers are nothing more
than a haven for every ponzi/HYIP slimeball
on the planet.

[Truth]

DELETE

[MatrixWatch]

Several agents remained in the offices of Internet Gold Incorporated, 3931 Joe Ramsey Boulevard, late Friday night.

Geez... That is crazy!

If there is one trend I've seen emerging over the past three years, it is the force with which scammers are met with justice. The feds have really been cracking down on major scams.

Now, if only they would create new ways of dealing with the smaller ones (which serve as training for future scammers).

[jokach]

I'm wondering if this investigation has anything to do with the IT4US investigation being conducted. The article states that the search warrant was so large they couldn't even mention everything. Apparently, according to <a href="http://www.matrixwatch.org/forums/showthread.php?t=2904">this</a> thread, IntGold was used by members of IT4US. I know that the IT4US investigation is taking place in Australia, however that doesn't mean there isn't cooperation from the FBI/Secret Service on it.

I guess this shouldn't come as a surpise, since numerous matrix sites of the past have thrived on IntGold as its payment processor as well because its lax on its rules concerning fraud.

jokach

[Gringo]

Well this is just perfect for Kim. The more distractions and outside excuses, the longer he can drift along with everyones money. There is another piece to the story that is discussed here (http://ymforums.com/viewtopic.php?t=24974) . There is one rumor that says that IntGold initiated the investigation by turning in several PONZI schemes. Just hope that YMMSS is one of them. Countering this rumor is a comment that points out that the article states IntGold has been under investigation for a year, plus IntGold would have just cut off the ponzis if it had a problem with them and turned everything over to the FBI.

We will have to wait for more facts, but hopefully this could be the beginning of some probing into YMMSS by the FBI and not just another stalling excuse for Kim.

[Gringo]

The stalling has already begun with this quote from Kim here (http://ymforums.com/viewtopic.php?t=25000)

You can be sure that we will make no more payments until we are confident that the means are secure and unthreatened. :shake:

[surfer]

Exactly Gringo.

Although that is very convenient for Kim,
it would be foolish to make payments through
a processor that may be shut down.

As for whether or not the authorities were
"invited" in, the fact that search warrants
were used makes that a little suspect.

Perhaps search warrants would be needed
for the info that IntGold "wanted" looked
into.

I guess we'll know soon enough.

[Truth]

DELETE

[surfer]

And we now have affiliates asking why checks
can't be issued as opposed to not paying out
at all.

They are also revisiting why PayPal can't be
used.

All of the legitimate affiliate programs that
I work with have the option of paying with
one or both of these options.

However, very few ponzis like YMMSS can
or will.

Paypal would not work with a ponzi scam
like YMMSS-Success Through Advertising,
nor do they allow for MLM programs.

Checks, of course, would provide a much
easier way for authorities to track down
some of Kim Inman's funds. And we can't
have that, now can we? ;)

And of course Truth is dead on in that
only a few handfuls of affiliates are being
paid each week anyway. So no payments
for a few weeks are really no big deal. :head:

[surfer]

Customers want refund from Internet Gold (http://www.heraldbanner.com/local/local_story_354020153.html)

The above is a follow up article in The Herald Banner.

Should shed a little more light showing that the feds
were not invited. ;)

Might not be a bad time for those feeling ripped off
to give the agencies in Texas some info about Kim
Inman. After all, since they are already in the
offices of IntGold, they might as well have a little
peak. :D

[Dreamer]

http://ymforums.com/viewtopic.php?t=23058


PostPosted: Sun Nov 20, 2005 1:39 pm Post subject: Reply with quote
I read that IntGold has run into trouble. Does anyone know if this is true?

<edited - scott97477>

It is not true. We have verified the information with the SEC and there is no investigation.

Scott

Ok, its a month old post, but i wonder how hard they tried to verify info with the SEC?

[dagwood]

Im not sure that SEC would have told them anything about ongoing investigations which, in hindsight, involved plans to raid Intgold's offices.

"we cannot confirm or deny that"

Well, of course you can interpret that as you want depending on what you want to believe.

[surfer]

According to the SEC website (http://sec.gov/complaint.shtml):
Subject to the provisions of the Freedom of Information Act (http://sec.gov/foia.shtml), the SEC cannot disclose the existence or non-existence of an investigation and any information gathered unless made a matter of public record in proceedings brought before the SEC or in the courts. You can find information about public enforcement actions (http://sec.gov/litigation.shtml) on our Web site.
Scott wouldn't be stretching the truth, now
would he? lol

[Dr.Jeykl]

what i find funny is no one in here has brought up the fact,
that last month,
kim & an associate spent the afternoon at the intgold offices.
supposedly had a great time
whats up with that ????

[dbmata]

According to the SEC website (http://sec.gov/complaint.shtml):

Scott wouldn't be stretching the truth, now
would he? lol


Well, who is to say the Securities Exchange Commission would know what's going on with a non-securities issue?

I'm sure the FBI raid has to do with Fraud.

Has anyone else filed a complaint with the FBI? The timeliness of a well drafted complaint could be very helpful to the situation.

D

(When all else fails, draft a complaint that alleges they fund terrorist activities... the bogeyman will scare every agency into acting, including the IRS. Speaking of which, why hasn't the IRS been called?)

[MatrixWatch]

(When all else fails, draft a complaint that alleges they fund terrorist activities... the bogeyman will scare every agency into acting, including the IRS. Speaking of which, why hasn't the IRS been called?)



Good idea to be proactive in filing complaints, but I wouldn't make any false allegations regarding terrorism. You could get into some trouble there. ;)

Actually, the best way to get organizations like the IRS/SEC involved is to tell them how much money is involved. When they see eight-figure numbers, they start jumping on it.

[Somebody]

Kim's payroll money is tied up in INTGOLD. Oh what a shame. Now the big boys cant get their bonuses for kicking people out of the YM forums. I bet the help desk wont tell Kim "that's your problem" like they did one poor lady who sent them a trouble ticket about trying to get her money she just got paid out of intgold, after waiting a whole year for it. "THAT"S YOUR PROBLEM" what kind of a f***ing remark is that?

[Somebody]

I have been sitting here staring at the phone for two days now. It's pretty tempting, but then like Dagwood says, we have to weigh the costs and benefits of our actions. I'm pretty good with the telephone. one time i had someone locked up in the State Mental Hospital for a very long time for a lot less than what Kim has done to 20,000 people. Cops always seem to believe everything I say.

[Gringo]

I have been sitting here staring at the phone for two days now. It's pretty tempting, but then like Dagwood says, we have to weigh the costs and benefits of our actions. I'm pretty good with the telephone. one time i had someone locked up in the State Mental Hospital for a very long time for a lot less than what Kim has done to 20,000 people. Cops always seem to believe everything I say.
Do it. If not to spite Kim, then do it to save an untold number of people from inocently loosing money down the drain.

[Somebody]

what i find funny is no one in here has brought up the fact,
that last month,
kim & an associate spent the afternoon at the intgold offices.
supposedly had a great time
whats up with that ????

what's up with that??? probably planning the whole thing so Kim will have another excuse. you know - like when people fake their deaths to collect on a big insurance policy. same thing.