Feds drop charge against James Fayed

(Updated) e-Bullion co-owner James Fayed is no longer facing a charge
of operating a money transmittal business without a license. A judge
dismissed the charge following a request from the U.S. Attorney's
office in Los Angeles, which has been cooperating with local
authorities in the investigation into the July 28 stabbing death of
Fayed's wife and e-Bullion's other co-owner, Pamela Fayed. On Monday,
James Fayed and his ranch manager were charged in the murder.

However, a spokesman for the U.S. Attorney's office told The Industry
Standard that the federal money transmittal charge against Fayed's
company has not been dropped. The court "did not dismiss against the
company. We're pursuing that action," the spokesman said Wednesday
afternoon, when asked about e-Bullion.

Federal authorities seized approximately $24 million that FBI and IRS
agents seized on August 5 from the offices of e-Bullion and the
associated company named in the indictment, Goldfinger Coin & Bullion.
It is not clear what will happen to the funds and other seized assets.