The United States Attorney's Office in Los Angeles has released the indictment against James Fayed and his gold-trading company for allegedly engaging in an unlicensed money transmitting business. There's not a lot of information in the two-page document (see below), and e-Bullion is not even mentioned -- only an associated company, Goldfinger Coin & Bullion. More details of the investigation -- including a description of how e-Bullion was involved in the alleged scheme -- are available in a memorandum from the same office, available here.
In related news, e-Bullion accounts remain offline, six days after a message appeared on the front page of e-bullion.com saying that the site would be temporarily unavailable while technicians performed "routine maintenance."
More news, commentary, and predictions from The Industry Standard:
- No comment from federal prosecutor in e-Bullion case
- Daughter seeks control of mother's ownership interest in e-Bullion
- Not all e-Bullion customers are worried by outage
- e-Bullion still down for "routine maintenance"
- e-Bullion co-founder jailed on money transfer charge
- Report: Feds investigating e-Bullion in fraud inquiry
Comments
One of the defendants is goldfinger coin & bullion inc so wouldn't that mean there would be no need to mention e-bullion by name That's how it seems to me reading the wording anyway
Casual onlooker
td
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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