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e-Bullion was a digital gold currency founded by Jim Fayed, a resident of Moorpark, California. The company was incorporated in December, 2000, and launched on July 4, 2001. 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 and the murder of his business partner. To date, e-Bullion is closed for business and the website unavailable.
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.
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As with any digital gold currency, the main focus was keeping assets away from fiat currencies so as to avoid inflationary risks associated with such currencies.
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 overheard 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..
Additionally, the e-Bullion website was taken down for a 4 hour "maintenance" window at 1PM Pacific, August 5, 2008. To date, the website is still unavailable, although court papers filed by James Fayed as part of his divorce proceedings indicate that normal website operations would be impossible without his active oversight and direction.