Fraudulent escrow services

Please be aware that there are criminals at large claiming to offer escrow services owned/endorsed by either e-gold Ltd or G&SR. Neither e-gold Ltd nor G&SR offer escrow services nor endorse any existing escrow service. Please perform your own due diligence before using any escrow service.

How escrow fraud works:

1. The victim finds the deal of a lifetime at an online auction site. Laptop computers and luxury cars seem to the most popular items.
2. After the victim has won the auction the seller suggests using an escrow service to act as an intermediary for the sale of the item. The seller knows that suggesting an escrow service in most cases will instill a sense of trust by the buyer.
3. The seller and the person operating the fraudulent escrow site are the same criminal.
4. The victim visits the fraudulent escrow site and signs up for their services.
5. The criminal emails the victim phony escrow transaction information and gives the victim detailed instructions on how to open and fund an e-gold account.
6. The criminal instructs the victim to send an email as soon as the e-gold account is funded.
7. The victim emails the criminal to let them know their new e-gold account has been funded. The criminal then creates an e-gold account and emails the account number back to the victim with instructions on how to make an e-gold spend.
8. The victim makes the e-gold spend and never hears from the escrow service again.

Below are some escrow services you should be especially wary of:

www.energy-escrow.com
www.premier-escrow.com
www.radical-escrow.net
www.escrowbay.com
www.gold-escrow.org

The primary source for e-gold exchange.