(Digital Money World) MoneyGram, one of the big boys in the money transmitting business has been toiled down with turmoils after the subprime meltdown. With its share priced halved, MoneyGram posted a $571 million net loss last September.
The negotiations of partial buyout amounting to $710 million from Thomas H. Lee Partners were successful, and also another huge investment profile leader, Goldman Sachs joins in the rescue plan.
The Investors, which include affiliates of THL and affiliates of Goldman Sachs are expected to make an equity investment of approximately $710 million (with a maximum amount of $775 million), with the exact amount …read more

How is it possible, that, today October 4, 2007 I’m still seeing ads for stolen credit card dumps on the Internet stating ‘we accept e-gold’ ? Maybe 2-3-4 years ago I would have expected to see this….but today? How is this possible stolen credit card info is still being openly sold on the Net?

Not only has PayPal opened its market to Philippine users, Google Adsense is also now supporting Western Union Quick Cash payouts to a happy local Philippine market. Nice