“Crime courses through the internet in ever-expanding variety. Hackers brazenly hawk stolen bank and credit-card information. Pornographers peddle pictures of little boys and girls. Money launderers make illicit cash disappear in a maze of online accounts. Diverse as they are, many of these cybercriminals have something important in common: e-gold Ltd.”

A recent article by BusinessWeek, entitled “Gold Rush,” is a real eye opener in terms of seeing who that familiar face we all see really is. It turns out that E-Gold is based in the West Indies, not the United States, and has evaded reporting suspicious transactions or even monitoring its users for suspicious activity. FBI raided E-Gold’s parent company’s offices recently, because the company was a “common denominator” in about a dozen investigations. Despite Dr. Jackson’s, the founder of E-Gold, golden visions of a new era in digital currency, government officials are finding too many ties between E-Gold and cyber crime.

(note: Use BugMeNot to evade registering at BusinessWeek)

This recent article, coupled with E-Gold’s extensive downtime and lack of support by its representatives has many internet users scared for the security and availability of their finances. 12DailyPro, a popular auto-surf HYIP, has recently took action to remove E-Gold as a payment processor altogether. This bold move has prompted the switch of tens of thousands of users from E-Gold to other payment processors like Stormpay and EMO.
12DailyPro’s new payment processor, EMO (short for electronic money order), will have ZERO fees. In addition, the move to EMO from E-Gold should be simple because several independent e-currency exchangers already allowing the selling of E-gold for EMO.

This is a major positive sign of 12DailyPro’s legitimacy, as people see that 12DailyPro is not afraid of secure payment processors and doesn’t mind straying from the anonymousity of E-Gold. They are out there with telephone support, e-mail support, forums, a real life 12DailyPro convention, and verified accounts at all their online payment processors. Long live 12DailyPro!