A motion filed by the lawyers for e-Bullion's co-owner James Fayed claims that FBI and IRS agents seized "bank accounts, business records, property and precious metals holdings" worth $24 million on August 5, according to a new report on the Ventura County Star website. The motion also requests that the government release $300,000 to preserve electronic evidence, including e-mails, audit trails, transaction histories and other electronic records and data, says the Star. (Note: There is an update and a copy of the motion at the bottom of this article.)
Fayed is in jail, awaiting trial on a federal charge of operating a money transmitting business without a license. He is also a suspect in the July 28 murder of his estranged wife, Pamela Fayed, in a Los Angeles parking garage.
August 5 is the date that e-Bullion's account services were taken offline for "routine maintenance." The report in the Star does not mention e-Bullion, only an associated gold-trading company owned by James Fayed, Goldfinger Coin & Bullion. However, Fayed described the strong connections between e-Bullion and Goldfinger in an earlier court filing, and e-Bullion's services are heavily promoted on the Goldfinger website. The Star report says the motion states that the cost of maintaining "Internet servers and [the] computer network system" totals $100,000 per month, including staff-related costs. It further claims that crucial evidence on the system is at risk because of the seizure, and suggests this information would be lost if it were to go down.
The motion also states that the target of the federal investigation might not have been James Fayed and his gold-trading businesses. This could be a reference to the alleged scam outlined in a government memorandum filed earlier this month. The document says e-Bullion was used to transfer money belonging to victims of a massive "Ponzi scheme" in 2006, but does not accuse Fayed of devising the scam.
The Industry Standard is attempting to verify the information described in the Star report, and to determine whether the alleged seizures on August 5 are related to e-Bullion accounts being disabled on the same date.
Update: Paul Huebl has posted the motion cited in the Star article on his website, and you can also view it on the second page of this article. The "[Proposed] Order Granting Application for Release of $300,000 to Preserve Exculpatory Evidence" blames the ongoing e-Bullion.com shutdown on the FBI and IRS search and seizure warrants executed on August 5.
The $24 million cited in the proposed order includes gold and silver from Goldfinger's vaults that is "held for the benefit of thousands of e-Bullion customers." It further reveals that 466,300 user accounts have been created on e-Bullion since 2001, although it is not clear how many of those accounts were active as of August 5.
According to the motion, Fayed is offering to assist law enforcement authorities in investigating past and future transactions for evidence of criminal activity. It notes that in the past Fayed has "cooperated with inquiries" from the SEC, the FTC, U.S. Attorney's offices in several states, and various other federal, local, and state agencies.
Comments
This will be a long lasting story where nobody of us investors know what will happen with our funds.
I can¨t understand why FBI seized all the bank accounts without no juridiction.
Details, plus court docs on my blog and in this months DGCmag issue.
--$24 million total seized
--"ponzi" as prosecutor labeled-- relates to an old case NOT e-bullion company
Plus:
Contrary to earlier allegations, Mr. Fayed did not personally rent the vehicle; the vehicle was rented by the business on a month-to-month basis through a corporate credit account.
New Court Docs http://www.dgcmagazine.com/blog/?p=228
Mark
If you have funds in Fayed’s Ponzi scheme businesses being held by the government count your blessings. You have a chance to get all or some of your money back. Fayed filed bankruptcy in 1997 which means enough time has passed for him to do it again!
If you want to buy gold, buy it and put it in your safe or bank safety deposit box. Don’t let some unlicensed stranger with a website hold your money. I learned a little during my 40 years as a cop and private investigator.
I have the very latest court documents and other information on Fayed right here:
http://www.crimefilenews.com/2008/08/goldfinger-murder-suspect-demands.h...
hi,
i wired 6000$ to e-bullion account on july 31.
what should is do to sue them to get my money back. where should i file a complaint against e-bullion?
thanks
M.
marina..u shall need to wait for EB to open bak..otherwise if u do a complaint or report..there's no luck at all
Dear Mr. Huebl,
please stop calling Fayeds business a Ponzi scheme, this is a total misinformation. Please get your facts straight.
Ponzi schemes probably used Fayeds e-bullion business, and had their accounts there, but he himself didn't run any ponzi websites. It is great that you posted the court documents on your website, we all appreciate it, and also are finally a bit happier, that Fayeds Attorneys finally did something. But please stop with those wrong allegations.
Even the murder of his wife is not making him a murderer, you are innocent until proven guilty, so please be objective and do not put him on trial in this blog.
Thanks
Ian,
I am scratching my head and looking so confused. If Goldfinger Coin & Bullion is mentioned in the court filing and not e-bullion, why is it that e-bullion website is temporarily shut down for "routine performance" (when in fact we think otherwise)? I cannot decipher this one in that logic.
micinka..
I agree with you what you said.
marina.
you need to stop worry right now... e-bullion didn't say closed for good....all they tell you it is shut down for awhile...stop try to think sue or file complaint against James Fayed. James Fayed is not quilty right now. It is blame on FBI/IRS is hold it and cause the mess.. understand clear>?James Fayed is not scam...
Dear Mr. ......
Thank you for your inquiry. This is a very frustrating situation for account holders and the company, and we will work hard to resolve this matter over the coming weeks or months. The short story is that the government has made an allegation that the business operated without registering, and under that misguided belief that the business was required to register with FINCEN, the government seized all of the bank accounts, gold and silver that backed the e-Bullion credit accounts. The government further seized all records and access devices needed to operate the company, and effectively shut the business down. Under the facts of this case, e-Bullion did not need to register and, ultimately, the government will realize that fact. I am hopeful that the government will soon dismiss the company from the indictment because the company did nothing wrong. On Monday the company was arraigned and a district court judge was assigned to the case. We will soon be able to move the court for an order to return the seized property, but this whole process will take time. Every motion takes a month to be heard, and the court system is slow and cumbersome. We are working hard to convince the government that the company did not need to register, and that the government is misunderstanding the business. Once the government realizes this, it will have to return all seized assets and we will be able to distribute the assets to the account holders. Thank you for your patience.
Regards,
James W. Spertus
Law Offices of James Spertus
Hi Micinka, good work! This supports what I have been saying all along. Five years ago I was an Investment Advisor. We all need to be patient. The Prosecutor has a weak case against E-bullion, and Account holders have broken no Laws. Eventually the case will be settled and E-bullion will be allowed to conduct business or our money will be returned another way. Deposits of $10,000 and up will need to show where their money came from. This is to prevent funding of Terrorist Organizations. This is the one thing E-bullion should have been doing all along and keeping records of. If those deposits are from legitimate sources the Depositor will have nothing to worry about. We all need to be patient, Again, GOOD JOB Micinka!!!!
Thanks Lee,
the entire history of each accounts members transaction is in his account, there it is perfectly described where the money came from. They can check my account, I have no problems with that?
Then why can't they post an honest message on their website asking their account holders to stop worrying and explaining their projected course of action. The sign on their website is a blatant lie and that is why I am naturally freaking out. 6000$ sent on july 30 and they are "under maintanance". blatant lie. they must put a sign saying what is really going on and reassuring people like me that our money is not lost. Untill then, I will be very worried.
here is a phone number to FBi handling that case: 805-642-3995 but they are not reassuring either.
you fax them all your documents pertaining to e-bullion wires, et.c
marina,
thats one thing I would not do, they cannot release your funds, the FBI is just collecting information, hoping to make a case against Fayed, because they do not have one, and they will have to release all seized funds back to e-bullion / Fayed. If you go with the FBI, you will probably never get your money.
There are some people they are planning a class lawsuit, because that, what the FBI did thinks, and they damaged a lot of people, because they don't understand how this business is set up and works, not needing any license.
Marina
They cannot post any message on their website, because the FBI made it inaccessible. They seized everything. Do you not understand what the attorney wrote? See above.
You should also read the court documents, mainly the motion, and then you would understand about the website.
Marina or anyone else thinking of faxing documents to the FBI. PLEASE don't do it. You could be jeopardizing the case against Fayed and risking the return of your money. The FBI CANNOT send you any of Your Money, not under any circumstance. It takes a Court Order to release yours and our funds. Worst of all they will also be looking at you and twist any thing that you give them to suit their need. The FBI and the Prosecutor are not honest DO NOT trust what they say.Do you want to become part of the investigation. So PLEASE don't do it for the safety of your money, yourself and everyone involved.
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
Also, if you do have news to share, please clearly identify the source of that information. Do not spread unconfirmed rumors about the situation -- a lot of people are very concerned about what's happening, and are making real-world decisions based on what they are seeing on the Web.
Ian Lamont
Managing Editor
The Industry Standard
It was the Office of the U.S. Attorney who labeled Fayed’s UNLICENSED business a Ponzi scheme on the record in court. That combined with Fayed’s prior bankruptcy in 1997 at the same point he “founded” the current business that have taken people’s money. That makes everything very clear. If you live a fairy tale world you can believe this guy is honest and on the square.
With over $3 million in bullion and a huge amount of cash in his own mattress at home, the nasty divorce and brutal stabbing of his soon to be ex-wife happening Fayed seems to be just a little more than kinky.
If you are out money gossip on a website will never get it returned. The US Attorney can’t return it either. The courts will have to appoint a receiver to take control of the assets try and get money returned at some point.
If you’re out money get a competent Southern California lawyer to help you. I don’t believe that investors will ever see more than a percentage of their money and what they will see they will be able to thank the US Attorney for seizing the assets.
I’m not an investor nor have I ever had dealings with James Fayed. I’ve only investigated and reported about this Ponzi scheme. Get the advice of your own lawyer on just how to proceed.
www.crimefilenews.com housedick @ gmail.com
James W. Spertus is a criminal lawyer helping James Fayed by representing his companies. His job is to place the company in the best possible light and try to keep all of the assets obtained from investors. His job is also to keep Fayed out of prison. He does not nor can he represent investors.
You need your OWN lawyer.
Dear Mr. Huebl,
please, google what ponzi scheme means, because you have totaly no clue, and if you make a research what a business is doing or how it is run, do not assume anything. You still do not report facts only your opinions. There are a lot of people who went through bankrupcy, and a lot of them started over, and they have business again. Nobody wants help from Mr. Fayeds attorney, we just needed some information on the developments, and we got information from Mr. Spertus, Mr. Fayeds attorney, we didn't get any from the FBI or the DA who basically already agreed that he misspoke when calling Mr. Fayeds business a Ponzi scheme. You should do the same, and stop telling fairy tales here. As soon as the DA as well as the judge finally "get it", understand how Mr. Fayeds business is set up and that he didn't need a license with this set up, the charges will be dropped.
As to the murder of his wife, the LAPD has nothing to charge Mr. Fayed with, even the Credit Card got cleared up, so please stop with those accusations.
And finally, if anybody gets money from their accounts, it will be the doing of Fayed, once released from jail, because all the seized funds, and gold etc. will have to be returned to him, and he will start the site back up, and will continue.
And by the way, there is no law which tells you where to store your Gold bullions, money or anything of that matter, so it doesn't matter what was found in his house.
Here is a link to Mark's DGC Blog
http://www.dgcmagazine.com/blog/?p=230
maybe that clears up some questions.
Dear Micinka:
You should ask the US ATTORNEY to Google Ponzi scheme, not me.
I know full well what a Ponzi scheme is and have personally conducted hundreds of investigations that involve them. This may well be the case with Fayed's companies.
We will all sit back and watch how this giant mess shakes out in court over the coming months. Don’t bother asking me not to make accusations because I have made none. A Federal Grand Jury on the other hand has made allegation along with the murdered Pamela Fayed.
As for the LAPD and that murder investigation we will see what develops. That investigation is by no means over or on some back burner. After DNA testing is complete they will have what they need to make arrests. That takes time.
We can all expect that that forensic accountants working for the Justice Department are gathering more evidence for additional charges against Fayed as we speak. They will uncover whatever they find and that will be presented to additional Grand Jurys.
Don’t look for charges to be dropped. Perhaps Mr. Fayed and his lawyers can convince a jury to acquit him.
In the mean time are you suggesting that investors NOT consult with their lawyers? That’s beyond crazy!
I am not suggesting anything, its up to the individual to do what they want.
Fayed and his companies definitively were not a Ponzi. There is no evidence that e-bullion ever operated a ponzi. I am a 100% sure that different Ponzi websites had their accounts with e-bullion, but that doesn't make e-bullion a Ponzi. So thats the difference.
Once the attorney and Fayed explain how the e-bullion/Goldfingercoin business operated, the charges will be dropped, because there is no money transmitting business, therefore no need for a license. And that is our best chance to continue with e-bullion as usual, and get money out as well.
Fayed is not in Jail because of the murder of his wife, but on charges of transmitting money without a license. Here are some facts:
Contrary to earlier allegations, Mr. Fayed did not personally rent the
vehicle; the vehicle was rented by the business on a month-to-month basis
through a corporate credit account.
The government also alleged that Mrs. Fayed sought to cooperate with the
government on or about June 24, 2008. District Court Judge Otis D. Wright
II, however, struck that statement from the prosecutor’s pleadings as
unfounded.
The government has also referred to over $20 Million in Ponzi scheme
proceeds going through defendant’s accounts, however, there is no evidence
that Goldfinger or Mr. Fayed were engaged in a so-called Ponzi scheme.
The large amount of gold and silver bullion reserves and bank accounts
seized by federal law enforcement demonstrates that e-Bullion.com has
sufficient reserves to cover its depositors
Sure we can wait for DNA, but of what? The rented car is going to be inconclusive, see above.
Naturally I want the murderer caught, but I do not think it was Fayed or anybody he hired, there maybe other people involved. The LAPD should investigate all leads, and not just try to find evidence against Fayed. The way you write all this, sounds like you already know that Fayed commited the murder, or payed somebody to do it. He is still innocent until proven guilty.
I truly think the charges, the only charges against Fayed at this moment (transmitting money without a license) will be dropped, because the FBI and the DA, made a big mistake, and until now do not understand the entire operation and how it works, of both Goldfingercoin and e-bullion. But to tell you the truth, I am better of waiting what will happen, and getting money from Fayed, then I ever will be getting anything back from the Government.
Who in their right mind would knowingly send money to an unlicensed Internet gold business run by and unlicensed fellow that filed bankruptcy?
There is a sucker born every minute! Mr. Fayed can hold your money but he will never get mine!
Well I can see that you are very biased.
You should not be, as an ex law enforcement officer.
Nobody tells you to put your money anywhere. That will be your decision, always.
But try to be unbiased and objective, and don't let your emotions guide you.
I guess you hate his guts, but if you report anything, you should do it with facts, and not with your emotions. I know a lot of suckers, running around free, but looking at this case, I am not going to convict anybody, until his guilt is proven beyond a reasonable doubt.
And you should do the same.
Paul H. is a very smart guy and we appreciate his help in finding documents, information and relaying his thoughts, thank you, but he has no experience with Evocash, EMO, INT, OSgold, standard reserve or any other that went down before e-bullion. Paul look up the case on OSRECOVERY ( http://cases.justia.com/us-court-of-appeals/F3/462/87/525008/ ) where the US Judge agreed that the Latvian Bank was aware of the Scam/Ponzi and was responsible for the lost of funds. See if after years and many legal challenges they ever got a dime? You're a very smart guy with a law enforcement background, but did you even have an e-gold or e-bullion account? Do you know how the industry operates? There are right now at least 500 ponzi HYIP schemes operating today, no one seems to care and also NO ONE is labeling the company processing the payments a ponzi. Because they are the processor, NOT the ponzi operator.
The LA prosecutor says e/b is a ponzi? Well, the White House said there were WMD, you can't believe everything the government tells you- I don't care who says it. But, if incoming wire transfer and funds went to the Goldfinger accounts as we know they did, even though they were obviously just the payment processor, the Prosecutor may find a way to link that up get them labeled THE ponzi or worse as you said before a RICO case..you know and I know they were not operating one, but if the government wants to 'follow the money' perhaps they will make the case. We don't know and no one knows how it will turn out. But certainly there were no web page stating something like, 12% per week paid from e-bullion, WE KNOW 100% that did not exist. Unless you can prove otherwise, you should not say e-bullion was operating a Ponzi and I don't care if Jesus Christ himself appeared on the court house steps, pointed at Jim Fayed and said "ponzi Boy", after being a client of e/b, working with them for years now, I know e-bullion was not operating anything more than a DGC. If we were in court, I'd says it's your[gov] job to prove they were... And bringing up any bankruptcy is ridiculous, that does not cast much of a shadow on James...again you are showing YOU don't understand how this industry operates. There are popular successful exchange agents that 3-4 years back just got out of prison for Money Laundering---besides you and me Paul, I don't think anyone else even cared.
Legal points to take note of, the judge in the e-gold case put out an opinion that the e-gold operation WAS money transmitting and violated the law, no one yet challenged it (if you can do such a thing) so you can be 100% sure that any court will rely on that previous opinion to conclude that e-bullion may have been violating the same law. However, there is a host of information to point to the contrary. The problem is, to fight this takes money, years and years. I have dozens of pages and several legal opinions offering up contrary positions that DGC is NOT money transmitting, I will try to post all of this in the next week.
If suggesting investing with a n unlicensed Internet site run by a fellopw that filed bankruptcy is risky makes me biased than I'm biased.
Mr Fayed has the presumption of innocence like all those charged but not yet convicted. That will be the case until he pleads guilty or is convicted like 80% of those people are charged with crimes.
I have no money at stake here or a reason to dislike a man I'ver never met. As a private investigator I do the defense investigations for people like James Fayed so they can get a fair day in court.
Telling people to contact their own lawyer for help is sound advice, Doing nothing but waiting for the good fairy to return their money is not.
With the current the LAPD investigation and the ongoing federal investigation, time and due process will tell this story. May the guilty hang and the innocent go free.
where can i get my own lawyer in southern california. i have never sued anyone before in my life. whom should i approach? please give some recommendations. sent 6000$ to my ebullion account on july 31.
Yes, well in America it is that 20% that we should all be very concerned about...By the way, didn't the LAPD charge OJ Simpson? The guilty do not always hang in LA as I'm sure the innocent don't always go free....
These are not street crimes. These are very complicated cases in uncharted legal/financial waters.
As you say give it time.
Marina,
you say you sent $6000 to e-bullion, well do you have enough money for an attorney? They don't work for free, you know. They might want a retainer of $2000 - 3000, and they charge you an hourly rate and all other services could be extra, so you could spend more money then the $6000 you have sent to e-bullion. Are you ready for that? Otherwise, the yellow pages are full of attorneys, ready to help you, just think about the cost.
The state Bar of California will make the referal for you at their website. They will talk to you for free. You will find help and at least a direction to go.
Mr. Paul Huebl, Please stop posting on this blog. You clearly know nothing about this business and are not qualified to make your ridiculous opinions. People like you are the problem with making false statements and gossip on the Internet scaring people like Marina. Your bad advice about getting an Attorney is ludicrous. At this point an Attorney is a total waste of money. They couldn't file an effective complaint against Fayed until his case comes to a conclusion and they couldn't give good advice because there is no way that they know anything about this business. Same as you. The Federal Government has frozen the accounts so it's in their care, custody and control until the Judge makes a ruling on the present and future Legal Motions. So there is no Legal Complaint that can be made against Fayed, it would be against the FBI/IRS. Good luck on suing them. Your statement "he founded” the current business that have taken peoples money.'' Is not true at all, the Federal Government has taken peoples money not Fayed. James W. Spertus is not a Criminal lawyer, He's a Defense Attorney and referring to him as you did you are implying that all his clients are criminals before they even have a trial. This entire statement of yours is BS "James W. Spertus is a criminal lawyer helping James Fayed by representing his companies. His job is to place the company in the best possible light and try to keep all of the assets obtained from investors." E-bullion has never tried to keep all assets from investors and we don't know yet if the investors need an Attorney to represent them. I can tell that you used to be in Law Enforcement, you still think like a cop "Guilty until proven innocent." You Sir are biased and maybe you should join the FBI. I don't believe for a second that you conducted hundreds of investigations involving Ponzi's. You may know a little about them but you obviously no nothing about a DGC. I agree with Mark Herpel on every thing except one thing, ''Paul H. is a very smart guy.'' I think Mark was just being polite. Your sarcasm is unprofessional, unwarranted and unproductive. There's no need to insult the E-bullion customers. WelI, I could rip on you all night but I won't. This is the last thing I have to say to you. If you want to blog study up or shut up! Stay on your own website and just give the facts.
Even if you contact an attorney, the attorney will tell you, that until a hearing has been conducted, where the whole business infrastructure will be explained, and the judge makes a decision, nothing can be done. Who do you want to sue? Fayed? E-bullion? Goldfingercoin? They didn't take your money. The FBI/IRS seized all funds and assets. So do you want to sue the FBI? the IRS? the DA? or who do you want to sue? There is nothing any attorney can do until there is a hearing or trial. You will have to sue them in Criminal Court. But only if Fayed will be proven guilty that he took your and every account holders money. And we all know (except Mr. Huebl) that he did NOT take your money. We know that the FBI seized all Funds and assets, and they are not going to give you your funds back, until there is a trial and the judge signs such an order. So people sit tied, because this big mess, of misunderstandings and false accusations needs to be resolved. The only thing bad is that it takes time, and it takes time to get a court date. There is some type of hearing on the 15th of September and a trial date is on September 30th. Mr. James Spertus, the attorney for Fayed/E-Bullion just put in a motion, but didn't get a date yet. So things may change, just hang in there people, I truly belive this will be resolved to our satisfaction.
sorry, I meant : You have to sue them in Civil Court, not Criminal Court.
I know enogh about this business to kmow investors are unable to get their money returned andf that they need a lawyer to advise them. Again its a Grand Jury that maqde the accusations not me.
Dear Mr. Huebl,
why don't you contact an attorney yourself and ask him what can be done now, I bet you know a lot of them or the State Bar of California will make a referral to you, if you are so persistent. After you get all the info from that attorney, you can post it on your website and put a link here. Thousands of e-bullion account holders will be thankful to you. But keep in mind, tell the attorney the facts and not your opinion.
Mr. Huebl, according to your posts you show that you do not Know anything about this business, the way the Financial Laws work or when it is Prudent to contact an Attorney. Being an ex-cop and Private Investigator doesn't give you any expertise in this arena. It has not even been a month yet since E-bullion was shut down and Fayed is not the one that shut it down, the FBI/IRS did. Consulting an Attorney at this early time will only use up the Depositors (not Investors, E-bullion is not an Investment) free consultation and there is no Attorney that would be up on this type of information. He or She would have to investigate what is going on with the case, they will not do this free. Then Ultimately would come back with the answer, the Federal Government will not release ANY information about an ongoing investigation. Therefore at this early time not only would an Attorney be a waste of time but also possibly a waste of more money. Also, this early in the case that would be a knee jerk reaction. Maybe after the 9/30/08 to ?/??/?? conclusion of the trial, then Depositors may know if they need to consult an Attorney or not. I Know you are not making the accusations but your choice of words Show bias that amount to Implications of Guilty Until Proven innocent. Have a good day Sir....
I fully agree Micinka. You have become the voice of reasoning. We need to keep everyone calm and patient. Our Courts move very slow, nobody has answers at this point in time
Thanks, Lee. It is true, at this moment nobody and nothing can be done. After Mr. Fayeds motion will be heard and after this Sept.15 date, as well as after the trial, and if e-bullion doesn't win this trial (because I know if e-bullion is back on line we will get our money) there is a better chance to get our money from the government, if all members get together and file a class lawsuit against the government, or something like that, but the power will be only if most of the e-bullion account holders stick together and do it together, in case e-bullion loses the trial, which I don't think will happen.
There is some news here:
http://www.dgcmagazine.com/blog/?p=253
Fayeds attorneys filed a motion to release him from jail.
That could be a first step.
The other motion is that the FBI releases funds, so servers can be paid and site could go back online.
This doesn't mean, we will be able to withdraw funds from e-bullion, but they are steps towards it.
It will depend on the outcome of the trial, or on the judges decision if the charges of transmitting money without a license apply to e-bullion.
Defending a murder suspect who is under federal indictment for running an unlicensed Ponzi scheme does not get investors their money back. Lawyers can Help. I have no money with this fellow Fayed and I'm happy about that.
Nobody is defending anybody, Mr. Huebl, you are a real pain in the ass, and are spreading lies here.
PLEASE STOP THIS NONSENSE
Mr. Fayed may be a murder suspect, but he has not been charged.
He was indicted for transmitting money unlicensed, and not for any Ponzi scheme, and that licensing matter has still to be proven in court..
Investors would have had their money, if the FBI/IRS didn't seize the funds and if they didn't put Fayed in jail, because nobody had a problem with e-bullion, only the Government messed up, and is the one who makes Investors suffer, not Fayed. To get money back from the Government is the hard part, not from Fayed, and I am accusing the DA, the FBI/IRS for our miserable situation, not Fayed.
A lawyer CANNOT help at all at this moment, because he would have to go against the government, not Fayed. Mr. Huebl, did somebody hit you over your head, that you keep repeating this nonsense? Or are you fishing here for some dumb investor, so he hires you? I really don't get it, after Mark and Lee explained it to you that Fayed didn't run any Ponzi, you still keep repeating yourself, like an idiot. Sorry for all the wording, but you really start pissing me off. I hate when people lie, for whatever reason, and I hate people who missinform, and thats what you are doing.
You say I'm a pain in the ass spreading lies? No I'm just spreading public records, lot of them. Your unsolicited and defective legal advice is an obvious attempt to protect your friend James Fayed from the attention and investigation he deserves since investors cannot get their money.
By the way, where is his license to to business? Investors need sound legal advice from lawyers who are not on the payrol of James Michael Fayed. Getting legal advice from you is beyond stupid. You must be involved in Fayed's criminal activities.
If you have a problem with the US Attorney take it up with them not me.
Mr. Paul Huebl, there you go again. You wrote ''Defending a murder suspect who is under federal indictment for running an unlicensed Ponzi scheme (by the way there's no such thing as a Licensed Ponzi scheme) does not get investors their money back. Lawyers can Help'' Guilty until proven innocent again and Attorneys cannot help. Its only been 23 days since the Feds seized the Assets. What should Depositors do, sue the Federal Government? We are not defending a murder suspect, we are discussing the current charges against Fayed and false accusations that people like you are making against E-bullion. If the FBI/IRS had not fabricated this bogus charge, E-bullion would still be operating and Depositors could access their funds. You still keep calling their Customers Investors and not the proper name Depositors. E-bullion has never solicited Customers to make any investment with them. I do have money in E-bullion, at this point I'm not worried and I'm not on the payroll. I'm starting to believe that you are more of an antagonist than a Private Investigator. However, I do thank you for posting the Public Records on your website, these are helpful. I think you should read them and if you don't understand something in them you should look it up so that you don't not go off half cocked then post bad and erroneous comments. At of the present time the Federal Court has not determined that his e-currency business needs a License or of what type. The definition of an idiot is making the same mistakes repeatedly and not learning from them. Have a good day Sir?
@TIS, commenting on this thread should be closed. Too much bickering and flaming. It is cluttering up the RSS feeds.
David, if you have no interest in discussing the subject at hand then don't read this blog.
Mr. Huebl,
thanks for spreading public records, that is absolutely great, but maybe you should also read them first, before posting nonsense again.
I do not give any legal advise, but you do!
I do not know Mr. Fayed personally, therefore I cannot add him to my group of friends, but one of my friends is an attorney, and he tells me, that he could not do anything at this moment at all, he told me, that it really depends on the outcome of the trial, if it even comes to a trial.
There are no Investors, we didn't invest in e-bullion, we deposited our funds there, and I bought gold, which is a very legit business. Our accounts were all in order, and we were able to access them until the government seized them. So ones again, e-bullion is NOT an Investment site. Understood Mr. Huebl? Yes you are right that Investors need sound advise from an attorney, but that are investors who invested in Investment sites, where probably some of them were Ponzi scams. The Government should have blocked those accounts, and not the entire e-bullion website.
We asked the attorneys of Mr. Fayed, to give us some information, since we couldn't get any from the DA and neither from the FBI, and they were at least so nice to inform us.
And as you can see from the motion, he informed us correctly, but you, Mr. Huebl, still spread falls info. It would be really nice if you would stop and go and ask an attorney, what he thinks, you'll see what he tells you.
@Lee et al, please check out the site's Terms and Conditions. It explicitly states
You may participate in any forums or messaging threads offered through the Service, but you agree not to post any material the content of which (i) is defamatory, libelous, obscene, indecent, abusive, threatening to others, or in violation of any law; or ....
BTW, any comments posted at this site is being fed to an RSS feed.
David: I have removed several posts already from the various threads about e-Bullion that have been clear violations of our TOS and copyright law. Bickering is not against the TOS, but if you see a clear example of a violation, let me know and I will evaluate.
Everyone: People are entitled to their respective opinions, but please do not let the discussion descend into personal attacks, and be careful with the words you use. I think it is helpful to discuss this ongoing case, but if people start defaming each other and the subjects involved in the case, I will remove the posts and potentially close the thread.
Ian Lamont
Managing Editor
The Industry Standard
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