E-bullion is down. Will we evidence the system's comeback in September?

Yesterday James Fayed, founder and owner of Goldfinger Coin & Bullion Sales and e-Bullion company appeared in court. The father of eBullion was charged with money laundering and illegal money transmitter operations, however James Fayed refused to plead guilty. A status conference was appointed on September 15.

 

Earlier the court has declared that Fayed could be set free on bail, however later the U.S. Attorney's Office made the judge reconsider the decision claiming that he could disappear. Another reason of holding James Fayed in Metropolitan Detention Center is that he is a primary suspect in the case of his wife’s murder though, according to Mark Werksman, the attorney of Fayed, the prosecutors have yet to make a case against his client.

"He's only being detained because the Los Angeles Police Department has named him as a suspect in the murder of Pamela Fayed, but at this point, that's an uncorroborated, unsubstantiated allegation. No proof's been established to that. No charges have been filed on that case, and so, Mr. Fayed really ought to be released at this point," said Werksman.

The federal trial in that case is to be proceeded on September 30.

So, we may expect that the four hours routine maintenance announced on the website on August 05, 2008 can last till September. At least till September…