eBullion receives a reject in the court

The Ventura County Star reports that a motion filed by lawyers for James Fayed and e-Bullion to maintain the company's computer systems was rejected in the court.

Earlier on August 5 FBI and IRS agents sized about $24 million in assets from e-Bullion's offices and Fayed's home after Fayed was charged with operating a money transmittal business without a license. Attorneys tried to request the authorities to release $300,000 out of that amount.

The reports reveal that District Court Judge Philip Gutierrez said the motion to release the funds "seems more like it's preserving a business rather than preserving data" that could serve as evidence in the trial.