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Ian Lamont

Daughter seeks control of mother's ownership interest in e-Bullion

Ian Lamont08.08.2008
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The drama involving e-Bullion continues to unfold as the 18-year-old daughter of one of its murdered owners asked a California judge for control over her mother's business interests.

The operation of the digital gold currency service and several associated gold-trading companies was thrown into turmoil late last month after co-owner Pamela Fayed, 45, was killed in a Los Angeles parking garage. Her husband, James Fayed, who is also a co-owner of e-Bullion and the gold-trading companies, was arrested last week on a federal charge of unlicensed money transfers. The federal prosecutor in the money transfer case says that Fayed is a prime suspect in his wife's murder.

The latest twist in the case comes after Desiree Goudie, Pamela Fayed's daugter from a previous marriage, appeared in Ventura County Superior Court to make several requests concerning her mother's estate. According to the Los Angeles Times, Goudie's attorney asked that she be appointed special administrator over her mother's affairs, including e-Bullion. The judge partially granted the request, reports the Times:

Goudie also asked the judge to give her control over her mother's interests in the gold trading business that the Fayeds operated during their eight-year marriage. A lawyer representing those companies -- Goldfinger Coin and Bullion, Goldfinger Bullion Reserve Corp., and e-Bullion -- objected, saying that the business had not been given enough time to respond to the emergency filings.

But [Ventura County Superior Court Judge Kent] Kelligrew said Goudie needed some control over the business to protect her mother's estate. The judge ruled that she would have control over documents and decisions that might help investigators in the murder case but not over those detailing business operations.

Meanwhile, the e-Bullion website remains closed to account holders, three days after it was taken offline for "routine maintenance."

Update:


Comments

Most of the members of e-Bullion are wanting to know whether e-Bullion will ever re-open or not.
It's better the members of e-Bullion are informed whether or not e-Bullion will ever operate again.

Krish


Readers: I just spoke with Mark Aveis, the assistant U.S. attorney who is prosecuting James Fayed. No comment on whether federal authorities shut down e-Bullion, or when more information about the case might be forthcoming. The full article, including a court memo that outlines the government's position, is here:
No comment from federal prosecutor in e-Bullion case

Also, lots of details about the criminal investigation -- including photos and other court documents -- are available on the CrimeSceneNews website.

Ian Lamont
Managing Editor
The Industry Standard


e-Bullion account holders: There is an update to this story which you all should read. It relates to the day-to-day management of e-Bullion and the Goldfinger companies:

Court papers indicate James Fayed had absolute control over e-Bullion

Let's keep comments related to this news on that article, and be careful if you decide to join the discussions, OK? Remember that real people are making important decisions relating to their personal finances and business activities because their e-Bullion accounts are in limbo, so please do not print rumors or hearsay in these comments. If you do have real information relating to the case that you would like to share, CLEARLY STATE THE SOURCE OF THAT INFORMATION.

Also, if you are a current or former e-Bullion/Goldfinger employee, I would like to talk with you. Please email me at ian at thestandard.com. Note that I am unable to help anyone access their e-Bullion accounts.

Ian Lamont
Managing Editor
The Industry Standard


Everyone: The latest e-Bullion update has been posted at the following location:

e-Bullion's lawyer calls government's actions "extreme"

Please note that I am unable to help anyone recover their money from e-Bullion or federal authorities, and I am unaware of any process to have funds in e-Bullion accounts returned to their rightful owners. However, I will report this news if it comes to light. I would suggest keeping an eye on the list of most recent articles about e-Bullion, published at the following link:

Latest e-Bullion articles

Ian Lamont
Managing Editor
The Industry Standard


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