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<p>[QUOTE=&quot;usc96, post: 1176782, member: 25676&quot;]I remember reading about a company that tried this and ended up on the wrong end of a Federal raid and suit.&nbsp; If I remember correctly, it was sort of like a paypal type of account supposedly backed by precious metals.&nbsp; Apparently the business model failed to satisfy the Feds that sufficient protections were in place to avoid money laundering.&nbsp; </p><p><br /></p><p>Not only did the business owner get shut down, but the users suffered as well because they could not access their deposits for years, and when they were permitted to apply for their funds, they had to prove where they obtained them.&nbsp; In other words, guilty until proven innocent.&nbsp; The article I read suggested that maybe there were a few money laundering users, but since I can&#039;t even remember the name of the business, I&#039;ll leave that determination up to the jury, and won&#039;t paint them with such a broad brush.[/QUOTE]</p><p><br /></p>

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