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In July of 2008, after months of wrangling with the Department of Justice (DOJ), E-Gold, Ltd.’s senior management and directors pleaded guilty to the following charges:
What does E-Gold have to do with Bitcoin?
Well, as soon as I describe what E-Gold was and did, you’ll see that the parallels with Bitcoin and its crypto-brethren are remarkably similar. I will be quoting from the indictment itself, underlining Bitcoin-relevant language, and adding comments in brackets: