Official Website for
e-Bullion Remission

Update November 9, 2018

The United States Attorney’s Office for the Central District of California, with the assistance of the Federal Bureau of Investigation and Internal Revenue Service, obtained a judgment in federal district court resulting in the forfeiture of approximately $3.6 million in bank funds and $5.4 million worth of gold, silver, and platinum seized from two entities formerly controlled by James Michael Fayed – Goldfinger Coin and Bullion (GCB) and Goldfinger Bullion Reserve Corp (GBRC). An initial distribution of these funds was completed in November 2015.

In a related matter, the Australian Federal Police obtained a judgment resulting in the forfeiture of approximately $13 million in precious metals that were purchased and stored by Fayed in the Perth Mint in Australia. These additional assets have now been forfeited in the United States and will be made available to previously approved petitioners in an upcoming distribution.

No additional petitions are being accepted at this time. If you received a distribution in the first round, and you need to update your contact information, please call 855-641-6835 to speak to a call center agent or email info@eBullionremission.com.

Case Background

e-Bullion was a web-based money transmitting business operated by James Michael Fayed. e-Bullion allowed individuals to deposit money and purchase virtual “e-currency” that was purportedly backed by precious metal reserves maintained by Fayed’s companies in the United States and Australia. Accountholders could use e-currency to trade in goods and services with other accountholders. Federal investigators determined that many operators of fraudulent investment schemes used e-Bullion to collect millions of dollars from victims, much of which was wired to overseas accounts.

In May 2011, Fayed was convicted of murdering his wife and is currently awaiting execution on California’s death row. On July 30, 2012, the United States Attorney’s Office for the Central District of California obtained a judgment in federal district court that resulted in the forfeiture of approximately $3.6 million in bank funds and $5.4 million worth of gold, silver, and platinum seized from two entities formerly controlled by Fayed – Goldfinger Coin and Bullion (GCB) and Goldfinger Bullion Reserve Corp (GBRC). In a related matter, the Australian Federal Police obtained a judgment resulting in the forfeiture of approximately $13 million in precious metals that were purchased and stored by Fayed in the Perth Mint in Australia. The funds forfeited in the Australia matter are now available for distribution to previously approved petitioners.

For further information about the e-Bullion remission process, please click the links on this page for Case Documents, and Frequently Asked Questions.