First, e-Gold bows to US legislation on getting ‘things straight’ that there will no longer be privacy. Now e-Bullion gets its own fiasco with founder James Fayed being apprehended for the same problem that e-Gold faces for not having licences to transmit money and suspected for a highly controversial case on his wife Pamela Fayed’s murder.
July 28th, 2008 was a Monday night like most other weeknights but as the sun set over the California coastline about 6:35 p.m. e-bullion’s Pamela Fayed was being murdered. This is a tragic event, a mother has died and she was someone the DGC industry knew very well. She leaves behind two young daughters. \\ Read this very detailed article from Mark Herpel, my favorite DGC source of news.
Aveis said James Fayed’s international business was an unlicensed scheme that netted $20 million worth of individuals’ investments. Goldfinger and e-Bullion provide trading services to people who want to invest in precious metals without the cost of storing, insuring and transporting bullion. The companies have vaults in Los Angeles, Delaware, Switzerland and Australia and act as wholesalers. \\ From SFGate
Police also seized $3 million in gold bullion, $60,000 in cash, 25 assault rifles and thousands of rounds of ammunition at Fayed’s house.
At this very point, the site was under maintenance from 5th of August till now. I’m suspecting the Feds are raiding the servers and you guys would probably see e-Bullion being placed in a receivership really soon. That’s my guess. Wait out for James Fayed hearing on the 18th of August.
Nothing like freedom or privacy exists in the US. Period.
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“Nothing like freedom or privacy exists in the US. Period.”
I agree, you are 100% correct. I am an American and recently posted this in a thread at the No BS Network forum:
“Having said that, I am not naive, there are legitimate programs, but the majority are scams. The US should be investigating first before destroying any business (especially those that are registered with a state, there is no need for what they do when this is the case). But what can we expect when the police, in every state, brakes down a families home door, shoots their cats and dogs, and steps on the families necks (grandparents, the young kids, et al) to pin them down before hand cuffing them, and asks questions later. This is the reality we are living in, a police state. No more freedoms, just lip service.”
The US as envisioned has been no more for a very long, long, long time.
It’s sad Nelson,
but you can’t do anything much with the government not respecting people’s privacy. Everything is just being earmarked and the excuse is “To prevent terrorism”
Uhm, they can’t think of anything better. Really.
I agree with this article, good thing….
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Thanks for the great reading, we buy Gold Bullion in a recession. I will pass this on to our Ira clients to read.
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