 IntGoldP. Carl Mullan
Chapter Chapter 7 in A History of Digital Currency in the United States, 2016, pp 197-204 from Palgrave Macmillan Abstract: Abstract IntGold was a digital currency platform operated from Texas. The system offered prepaid debit cards linked to IntGold digital currency accounts. Owner Michael Comer marketed several types of prepaid debit cards and various bulk prepaid card programs. The most popular INGoldCard, linked to a digital currency account, was issued on the MasterCard network. Third-party agents widely exchanged the unregulated IntGold digital currency into other popular digital currency. Many significant exchange agents accepted IntGold. The system permitted mass payments (Batch Pay) needed for successful HYIP payouts. The card program paid healthy referral fees. Federal agents closed the business, seized all assets, including the owner’s homes, and Michael Comer pleaded guilty to violating 18 U.S.C. § 1960, Conducting an Unlicensed Money Transmitting Business, and forfeited more than $1.4 million. Keywords: IntGold; Digital currency; INGoldCard; Prepaid debit cards; ATM card; GoldtoCard; e-gold; e-bullion; Evocash (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:paiecp:978-1-137-56870-0_7 Ordering information: This item can be ordered from DOI: 10.1057/978-1-137-56870-0_7 Access Statistics for this chapter More chapters in Palgrave Advances in Economics of Innovation and Technology from Palgrave Macmillan |
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