Three principle executives of E-Gold Limited are facing some serious jailtime after pleading guilty to conspiring to engage in money laundering and operating an unlicensed money transmitting business. The three executives in the hotseat are Dr. Douglas Jackson, Principal Director of E-Gold and CEO of Gold & Silver Reserve Incorporated, and two of his Senior Directors (Barry Downey and Reid Jackson). Brought against them by the Department of Justice, this is no laughing matter. And if you think they’ll end up going to some white-collar jail like Martha Stewart…think again. White collar crimes don’t get the jailbird, A-list treatment they once received. In other words, the VIP treatment in prison has been reduced to only a select few celebrities.

Facing a fine of $3.7 million, the corporations involved (E-Gold and Silver Reserve) have already agreed to pay $1.75 million. Downey and Reid are looking at a max of 5 years and a $25,000 fine and Jackson may be headed to the big house for up to 20 years in prison and a fine of $500,000.

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