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ADL describes e-gold as "terrorist tool"

09:50 AM +1000, Jan 23 2003

Via Politech, the Anti Defamation League has issued a press release describing e-gold as a "possible terrorist tool".

The potential abuse by terrorists of e-gold, an Internet currency that enables deposits and transfers of precious metals using online trading accounts, "merits serious attention" by those government agencies who track sources of terrorist financing, said Abraham H. Foxman, ADL National Director.

"While we know of no links between e-gold and terrorism at the present time, e-gold merits serious attention given the record of Internet use by terrorists and the abuse of similar devices by domestic extremists," said Mr. Foxman.

- ADL, ADL Alerts Federal Government Terrorists May Use "E-Gold" to Transfer Funds on Internet.

See also the ADL's "fact sheet".

Some later Politech comments point out that ADL's claims are unresearched:

If the ADL wants to look foolish for opposing e-gold, let them. It takes about two minutes on a dial-up connection to Google for Julian Dibbell's article on e-gold and the dinar connection in _Wired_ magazine, which essay reveals that e-gold's staff sits around the conference table with government agents and shares donuts and coffee with them.

When subpoenae are presented at e-gold's offices, the government gets results. ADL is simply foolish for supposing that e-gold represents some deep dark money transfer scheme. Anything recorded in the e-gold account history of any user can be accessed by a properly organized subpoena from a court of competent jurisdiction, such as Florida.

I expect the ADL won't bother with a retraction. They could, however, do themselves a favor and stop shouting about the sky falling.

- Politech, More on ADL warning Feds that terrorists use e-gold>

Here's Dibbell's Wired article.