Hyip weekly report – the retirement of the founder of Liberty Dollar

The Liberty Dollar is a private company, established in coin minted pieces of metal (referred to as rounds) and gold and silver certificates (ALD) and electronic money (LDCs). ALD certificates warehouse receipt of real gold and silver held by holders of certificates of ALD to be stored in the Mint Sun in Coeur d'Alene, Idaho before that company was raided by the Federal Bureau of Investigation (FBI) and the United States Secret Service. The Liberty Dollar is distributed by Liberty Services (formerly known as NORFED), based in Evansville, Indiana. It was created by Bernard von NotHaus, co-founder of the Royal Mint of the Society of Hawaii.

The Liberty Dollar warehouses have been raided and the contents confiscated by the FBI and Secret Service on November 15, 2007. The FBI said that the confiscation is intended to prevent people to doubt the freedom of dollars, meaning that the organization is accused of presenting illegal currency as a legal alternative to the U.S. dollar. To date, nobody has been charged with any crime. Gold, silver and copper before it were accused of being the proceeds of crime, but no criminal charge is pending.

As of October 7th, the founder of Liberty Dollar, Bernard von NotHaus announced his retirement and handed over the organization to a new team of management. The announcement regarding his retirement was as follow:

What is happening to a similar to ‘pension alliance’ programs which called World Wide Loan Club when this program announced of changing to a new management. Prior to that, the admin had promised to pay the loans within 1st to 6th of September. According to members, as of September 7th, more and more members’ loans were ceased and when they asked the admin why they had not received their loan, the admin given an excuse that The World Wide Loan Club is now under new management. An audit is being done this week, and payouts will resume as soon as possible. Here is the update regarding the change of the management:

And by end of September, World Wide Loan Club AlertPay’s account has had been closed and according to the admin, the account was closed without any concrete reason. Well, AlertPay did not need any concrete reason to close the account of scammer.
So what’s the problem with the change of the management? You may ask. Well, if we look at the history, the change of management more or less had led to even more critical situation for the programs.

One good example, if you still remember, an e-currency based payment processor; VirtualGold had turned to scam upon changing to a new management. At first, the old owner froze all the withdrawal requests and then announced that the business had been sold to another person. When the new owner came in, he froze and closed lots of accounts with nonsense reasons and excuses. In the end, members got scammed and the new owner had vanished.

Back in late 2003, VirtualGold were put up for sale. A new management came in early 2004, and re launched. The management ran by TheGoldCompanies, the same group of people who run the GoldEx exchanger. The announcement email sent out in 2004 was from thegoldcompanies[at]yahoo, and thegoldcompanies.com provided the exchange rates. And now VirtualGold runs by another new management which is VirtualGold Ltd, a company the claimed incorporated in Seychelles.