I got to know about CashCards for the first time, in June 2002. At that time, they were offering V-cash (a digital currency system), a VISA ATM card, e-gold to v-cash transfer and vice-versa. CashCards was also running GoldLynks. According to their website in 2001:
The GoldLynks Club
Dedicated to the Advancement and Enrichment of our Members
Man has treasured Gold for it’s rarity, beauty, and value for more than 5,000 years. Emperors, Kings, Sultans, and Sheiks valued Gold as the one secure asset in an insecure world. From the dawn of the time to the dawn of the new Millennium, governments and civilizations have come and gone but Gold has endured.
The GoldLynks Club was founded to help all people understand the power of adding Rare Coins to their portfolios for future appreciation, and as a hedge against inflation. GoldLynks Rare Coins offer great profit potential and security.
The Goldlynks Club offers it’s Members ongoing training in Gold and other Precious Metals, past, present and future, as well as the opportunity to purchase Rare Coins at special discount prices not available to the general public.
Many Nigerians joined the scheme, to make money. Investment from Nigerians was significant as the mobilization of people to join via the affiliate system Cashcards used, was massive.
In June 2006, Cashcards disabled the accounts of all Nigerians on their system, citing the listing of Nigeria, on the blacklist of Financial Action Task Force (FATF). They locked their V-cash accounts and withheld their funds.
FATF has since removed Nigeria from the list and CashCards has refused to released the accounts of Nigerians.
The domain goldlynks..com has since been taken over and a page on the CashCards website about goldlynks simply reads:
As of 6/30/06 the GoldLynks program has been suspended indefinitely.
© Copyright 2001-2007 GoldLynks Club All Rights Reserved
If this is not another case of scam, what is it?
Cashcards, release the money that belongs to Nigerians. It is illegal to hold people’s funds, under false pretences. It is criminal!!!