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August 6, 2008

comment Pamela Fayed of E-Bullion (Goldfinger Coin) Stabbed to Death

Filed under: Digital Currencies, News of the Wierd — C4G @ 10:08 am

With the recent news of E-Gold founders pleading guilty to money laundering comes another shocking revelation that has the digital gold world turned upside down. Pamela Fayed, the estranged wife of James Fayed who is the principal owner of Goldfinger Coin & Bullion Sales and e-Bullion, was found stabbed to death in a Century City parking garage last week.

James Fayed was taken into custody by the FBI and his lawyer Mark Werksman, said his client was likely charged with operating a money transmitter business without a license, and he guessed the arrest involved “money laundering charges or some other federal racketeering crimes.”

The Fayed’s have been involved in acrimonious divorce proceedings since late October and Pamela Fayed complained in divorce records that her husband never properly licensed or bonded their E-Bullion electronic gold exchange service. Court records also show James Fayed accusing Pamela Fayed of embezzlement, claiming she had illegally moved hundreds of thousands of dollars from business accounts into her personal account in order to pay for licenses.

The Fayeds were the only shareholders in the business, and said the couple had bank accounts worth more than $12 million.

So much for those of you who didn’t heed the warnings we have repeatedly given about using these fraudulent digital currency systems which are primarily used to fund accounts in online ponzi and pyramid schemes. These are dark days for anybody who had funds remaining in or . Maybe some might heed the warning signs that will be the next one of these black market payment processors to bite the dust.



• • •

2 Comments »

    #1
    August 12, 2008 @ 2:30 am | Comment
    by Mark

    That’s a real nasty crime there involving money laundering. I guess, laws should have more teeth to enforce better penal laws on this crime.

    #2
    October 12, 2008 @ 2:20 pm | Comment
    by ldx

    Maybe I understand the moral of the story. Pamela tried to throw mud at the e-bullion business during the divorce process (in order to retaliate her husband). And for me no surprise that after James Fayed is arrested, she’s found dead. I would do the same! To destroy, for sheer personal reasons, the world-wide business, this is imho just unacceptable for anybody. - - Another point is money-laundering, this is bad thing, but as I know, all money institution in western world takes part. No one is quite clean!

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