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June 29, 2007

A fool and his money are easily parted: e-gold and PayPal scams abound!

Posted by Sarah King in Other Stuff

People who do business online frequently have their earnings held by pseudo-banks such as PayPal and e-gold. A problem then arises when the same people need their money out of these pseudo-banks or transferred between them.

The most common way to do it appears to be to find someone who is happy to trade. So A puts money into B’s PayPal account and B puts money into A’s e-gold account. More »