> >It is against their policy to close accounts without cause relating to a
> >security breech. They will, however, close the account to new deposits,
if
> >they suspect that the account holder is engaging in fraudulent activity
in
> >an anonymous account.
> >
> Wow, this really smells. How the hell do they know a person
> is engaging in "fraudulent activity" and what evidence would they
> have to present to the owner of the account that it has been closed down?
Read the user agreement!
They don't close the account down. They restrict it from receiving payments
from other accounts. They can still send the e-gold to others and sell it.
It is my understanding that if the account owner provides adequate
identification, the account will be reopened.
Here are the relevant parts of the User Agreement.
"4.2. Value Limits
Issuer may set the value limit on the balance in an e-gold account based on
the sufficiency of the identifying information provided by User. Issuer may
restrict User's ability to use more than one e-gold account in an attempt to
circumvent this limit."
"4.6.2. Refusal without Cause
If Issuer refuses service to User without cause Issuer will do so by
adjusting value limit, but Issuer will not Freeze the account."
> And do they have a policy of closing down an account based on
> just suspicion? And do they close down an account without due
> process or notification so that one morning you go to access your
> account and you find "ACCESS FORBIDDEN" written across the
> computer monitor.
They do NOT close accounts unless they suspect a security breech.
Here is the clause:
"4.6.1. Refusal with Cause
Issuer will block any transactions that increment or decrement the balance
in User's e-gold account ("Freeze"), with cause:
4.6.1.1. Issuer will Freeze the e-gold account of User if User uses, or
attempts to use the e-gold service in connection with tampering, cracking,
modifying or otherwise corrupting the security or functionality of the
e-gold system. Additionally, User will be subject to damages and other
penalties, including criminal prosecution where available and the
notification of the general public of User's actions, at the sole discretion
of Issuer.
4.6.1.2. Issuer will Freeze or remove a Freeze from an e-gold account, if
ordered to do so by an order from a court or arbitration body of acceptable
jurisdiction, as determined by Issuer.
4.6.1.3. Agio Fee will continue to be assessed on a frozen account."
Craig
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