Author Topic: what is e-bullion?  (Read 1345 times)

Offline cornwallis

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what is e-bullion?
« on: September 20, 2013, 02:51:27 pm »
e-Bullion was an Internet-based digital gold currency founded by Jim and Pamela Fayed of Moorpark, California, as part of their Goldfinger Coin & Bullion group of companies. The company was incorporated in 2000 and launched on July 4, 2001. Similar to competing systems such as e-gold, e-Bullion allowed for the instant transfer of gold and silver between user accounts. e-Bullion was a registered legal corporate entity of Panama.

From 2001 to 2008 e-Bullion grew to have over one million users and substantial account transaction volume, and reserves of approximately 50,000 ounces of gold bullion. The company was a competitor to e-gold.com and goldmoney.com.

In 2008, co-founder, Pamela Fayed, was murdered, leading to the indictment, trial and conviction of her husband Jim Fayed for hiring her murder. Fayed was sentenced to death, and is currently on death row in California. As a result of the murder, the U.S. Government seized all of the assets of e-Bullion, resulting in the closure of the company in August 2008.  :) :D ;)