Most of us have heard about the shocking murdered news of the co-owner of e-bullion, Pamela Fayed. Meanwhile, as published on August 1st by Pacific Coast Business Times news, a class-action lawsuit filed in Ventura County seeks to seize as much as $5 million it claims are on account with e-Bullion.
The suit does not accuse e-Bullion of any wrongdoing. It alleges another company, Invest Manager, ran a Ponzi scheme and that the proceeds of that scheme might be stored in e-Bullion accounts.
The lawsuit against Invest Manger alleges the firm promised investors a 12 percent weekly return. The company delivered those returns for a time, building confidence among investors, the lawsuit alleges. But then Invest Manager stopped making payments and was not heard from again.
The people behind Invest Manger haven019t been identified, nor has its headquarters or place of incorporation, Renshaw said. There has been no reply to the complaint, which was filed May 20th.
After a legal notice of the suit runs for at least a month, a judge can rule on how much the plaintiffs are owed and give them the green light to purse the funds, which the plaintiffs believe are held in e-Bullion accounts
Preceding is what I just received from e-Currence Journal!! How stupid is this one shutting down EB for a program that is long gone, they do not know who was running it or where they are! Ashamed to say this is the gov at work!!!