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As many of you know the Founder of Ebullion has been accused of killing his wife. He was released on $500,000 bail. Meanwhile the site is down and also is under investigation by the government. I know I had some money in there, hopefully things straighten out soon, but I am not setting my hopes high. I'll let you guys know if I hear anything else.
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I think the judge canceled the $500k bail due to the possibility of Fayed fleeing the country. I think he is still in jail and will be there for a few month minimum.
The only thing you can do is wait. He cannot steal your funds while he is investigated by the Feds. So there is a good chance you will be able to withdraw it sooner or later.
The only real risk with e-Bullion right now is whether or not the estate has enough backing to pay it's debts. They could have $50M on the books, for example, and only $30M in assets in which case you would only receive < 60% after the estate pays it's receiver.
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I think the judge canceled the $500k bail due to the possibility of Fayed fleeing the country. I think he is still in jail and will be there for a few month minimum.
The only thing you can do is wait. He cannot steal your funds while he is investigated by the Feds. So there is a good chance you will be able to withdraw it sooner or later.
It is a nice comment. Let hope if I can withdraw 500$ from EB or not
Lol....
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e-Bullion is likely under regulatory control now, your funds are safe. Same boat as e-gold. There is government oversight which means that any funds they actually have, assuming they match what's in your account, will be safe.
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Ebullion - BIG ISSUE
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