Here with is News from Silvergate :
"
Dear Silver Gate Investor,
We wish to take this moment to thank you, and recognize your participation in our successful family of investment funds. It has been a good year, and the future looks even brighter as Silver Gate grows stronger, more profitable, and ventures into many other new and exciting projects.
That being said, there are domestic forces hard at work that would rather not see Silver Gate succeed. They may feel threatened that people like you will put your trust with us, rather than leave your deposits in the bank. There is a growing threat to stamp out organizations that offer anything above bank rates to residents, under the disguise of protecting you as an "unsophisticated investor".
Silver Gate wishes to take a proactive approach to become compliant with regulations both internationally, and ones that effect you where you live. We have simply worked to hard, and have come to far to have everything that we have built, torn down. To this purpose, (effective immediately), Silver Gate will only accept 'foreign business clients', meaning an IBC or Foundation corporate entity outside of your country. All current investors will be given two choices:
A) to be paid out before the end of 2006; or
B) to become a corporate business member.
By default your balance shall be paid to your original e-gold, e-bullion, d-carat, or in the case of no reply to a holding account, no later than December 1st, 2006.
For those who choose option B, and wish to stay with us, we offer two solutions.
1) We have arranged for your convenience, a smooth and simple conversion process. You may agree to the terms of two particular documents. One ends your personal investor position with a separation of funds from our programs, while the other notionally capitalizes your business membership through a loan agreement to a cell company. Silver Gate will pay the expenses for a firm to complete the incorporation of many offshore cell companies, each will hold up to a couple hundred member positions. Your first year will be paid up, however a $12 cost will be deducted from your fund's account, on hand to cover corporate maintenance fees in the second and future years, beginning 12 months later.
2) For the investor who wants their own IBC or tax compliant Foundation legal structure, you may purchase a high quality package, from our new web site: www.Silver Gateoffshore.com. Our team has partnered with the best in the business to provide this service for us, our partners, and all of our members. We realize that many serious investors are already setup and properly structured offshore, and for those members, it is also perfectly fine to invest with us through your already existing offshore entity. Members who are planning on purchasing their own IBC or Foundation package (which we strongly urge), will be either refunded or structured into a cell company mentioned above until they have their entity setup. At this time, they can move their investments under the umbrella of their offshore structure.
In summary, in order for our longevity and continued service to Silver Gate clients to continue, it has become required to either upgrade you from an individual to a corporate position, or refund your balance. We strongly urge our investors to become properly structured offshore to be able to conduct business in an international market on their own, however for those who may not need this service yet, or if it may not be feasible for you at this time, option #1 will protect you, but with our investments only. Online instructions are included on the following page for you to follow if you already have an existing IBC now, or wish to upgrade with us to a cell company, or if you wish to withdraw your funds.
We realize that this may not be an easy decision for some, which is why we have brought a few options to the table here, and why we have also put together a service to help assist our members through this transition. Our goal is to make this quick and easy, and as painless as possible for our members. We feel obliged to help our members through this, based on our decision to re-structure, and not to "leave our clients in the dark", or on your own to deal with this. Our primary concern is the longevity and protection of our programs and our clients.
Best wishes for a prosperous future,
Silver Gate team. "
"
Dear Silver Gate Investor,
We wish to take this moment to thank you, and recognize your participation in our successful family of investment funds. It has been a good year, and the future looks even brighter as Silver Gate grows stronger, more profitable, and ventures into many other new and exciting projects.
That being said, there are domestic forces hard at work that would rather not see Silver Gate succeed. They may feel threatened that people like you will put your trust with us, rather than leave your deposits in the bank. There is a growing threat to stamp out organizations that offer anything above bank rates to residents, under the disguise of protecting you as an "unsophisticated investor".
Silver Gate wishes to take a proactive approach to become compliant with regulations both internationally, and ones that effect you where you live. We have simply worked to hard, and have come to far to have everything that we have built, torn down. To this purpose, (effective immediately), Silver Gate will only accept 'foreign business clients', meaning an IBC or Foundation corporate entity outside of your country. All current investors will be given two choices:
A) to be paid out before the end of 2006; or
B) to become a corporate business member.
By default your balance shall be paid to your original e-gold, e-bullion, d-carat, or in the case of no reply to a holding account, no later than December 1st, 2006.
For those who choose option B, and wish to stay with us, we offer two solutions.
1) We have arranged for your convenience, a smooth and simple conversion process. You may agree to the terms of two particular documents. One ends your personal investor position with a separation of funds from our programs, while the other notionally capitalizes your business membership through a loan agreement to a cell company. Silver Gate will pay the expenses for a firm to complete the incorporation of many offshore cell companies, each will hold up to a couple hundred member positions. Your first year will be paid up, however a $12 cost will be deducted from your fund's account, on hand to cover corporate maintenance fees in the second and future years, beginning 12 months later.
2) For the investor who wants their own IBC or tax compliant Foundation legal structure, you may purchase a high quality package, from our new web site: www.Silver Gateoffshore.com. Our team has partnered with the best in the business to provide this service for us, our partners, and all of our members. We realize that many serious investors are already setup and properly structured offshore, and for those members, it is also perfectly fine to invest with us through your already existing offshore entity. Members who are planning on purchasing their own IBC or Foundation package (which we strongly urge), will be either refunded or structured into a cell company mentioned above until they have their entity setup. At this time, they can move their investments under the umbrella of their offshore structure.
In summary, in order for our longevity and continued service to Silver Gate clients to continue, it has become required to either upgrade you from an individual to a corporate position, or refund your balance. We strongly urge our investors to become properly structured offshore to be able to conduct business in an international market on their own, however for those who may not need this service yet, or if it may not be feasible for you at this time, option #1 will protect you, but with our investments only. Online instructions are included on the following page for you to follow if you already have an existing IBC now, or wish to upgrade with us to a cell company, or if you wish to withdraw your funds.
We realize that this may not be an easy decision for some, which is why we have brought a few options to the table here, and why we have also put together a service to help assist our members through this transition. Our goal is to make this quick and easy, and as painless as possible for our members. We feel obliged to help our members through this, based on our decision to re-structure, and not to "leave our clients in the dark", or on your own to deal with this. Our primary concern is the longevity and protection of our programs and our clients.
Best wishes for a prosperous future,
Silver Gate team. "












