Another digital gold currency seems to be going down for good. The eurrency community was shocked about the reported death of one of the e-bullion co-founders just last week but things seem to be taking a worse turn entirely. A paragraph on Wikipedia summarizes the trouble:
2008 Murder of E-Bullion principal and Federal Felony charges
On Monday July 28, 2008 Jim Fayed’s estranged wife Pamela Fayed was stabbed to death in a parking structure at 1875 E. Century Park in Century City, California. The crime occurred at 6:30PM in daylight and was overhead by numerous people who responded to the victim’s screams. A surveillance camera recorded enough details for a rental car to be identified by license plate and for a suspect description to be announced. She was due to appear that day in one of several ongoing legal meetings in her divorce from Jim Fayed and was reportedly attempting to stop him from moving or hiding some of the joint assets involved in E-Bullion. As of Monday, August 04, 2008 Jim Fayed is in United States Federal custody where he faces felony charges of conducting unlicensed money transactions via E-Bullion. Federal authorities have seized $60,000 in cash, $3,000,000 in gold bullion and a credit card that allegedly was used to pay for the rental car that fled from the murder scene.
The future of e-bullion is very uncertain right now and a notice currently appears on their website stating:
Dear Customer,
05 August, 2008, 1:00pm PST: The e-Bullion website will be unavailable for a period of approximately four hours while our Tech Dept. performs routine maintenance.
We apologize for any inconvenience caused by this interruption to service.
e-Bullion Management
I am of the opinion that the e-bullion management is only trying to contain the panic. The problem is much more serious than a routine maintenance.
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