James Fayed, the co-founder of e-Bullion, has been jailed after being charged with conducting unlicensed money transactions that allegedly netted $20 million worth of individuals’ investments, according to Mark Aveis, an assistant U.S. attorney quoted on SFGate.com
Incidentally – or perhaps not – the e-Bullion website has been down for quite some time now:
I just checked it out a few minutes ago and it still displays the same message.
Could this be the end of e-Bullion? I strongly believe it is. Take a look for example at what happened with e-gold.
Well, there is just so much material to cover relating to this issue, and I already found an article written by a fellow e-currency enthusiast, ePanama, which explains and outlines this whole mess far better than I can at this moment given the fact that I haven’t kept myself up-to-date on the latest news relating to e-Bullion.
Click the link below to read his article:
Mark, if you come across this blog posting, I’d like to thank you for writing an excellent article. Cheers!
If anyone wishes to discuss this matter in a forum environment, feel free to visit the e-Bullion section of my “Money Guru Forum” over here.