Hey Reid,

I have a question on your statement below.


> In cases where our customer will not comply with our due diligence
> procedures, it is our practice to refund the e-gold to the e-gold
account(s)
> used to fund the exchange.

When did this policy begin?  As far as I know from being on a large
number of e-lists and forums dealing with various "programs" that didn't
respond to your DD requests and had their accounts capped, and then they
disappeared, this is the first time I have ever heard of the possiblity
of a refund.  Your wording is also a bit confusing considering the rest
of the statement.

You say it is policy for e-gold to refund when the account owners don't
respond to the DD request and then later you say that you are putting
the money in escrow because you received conflicting instructions from
the account owners.  If it is policy to refund, what difference does it
make what the account owners say about it?

My understanding of e-gold's policy was that if e-gold requested DD info
from an account owner, the account would be capped (no more deposits)
until DD was completed but, all funds were still available to the
account owner for spends or out exchange.  I believe I have seen it
stated several times that no account would be "frozen" without a court
order, is this no longer the policy?  What you are saying here appears
like a freeze of this account.

Gary


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