URGENT >> BULLETIN >> MOVING: James Fayed, E-Bullion Operator And Emerging Figure In AdSurfDaily Ponzi Case, Found Guilty In California Murder-For-Hire Plot That Led To Brutal Stabbing Death Of His Estranged Wife

URGENT >> BULLETIN >> MOVING: (UPDATED 10:37 P.M. EDT (U.S.A.) James Fayed has been found guilty of first-degree murder and conspiracy in the death of his wife, Pamela Fayed.

Fayed, 48, now potentially faces the death penalty. The penalty phase of the case is scheduled to get under way tomorrow at 10:30 a.m. (PDT).

A jury returned the verdict late this morning on the West Coast. Deliberations began Tuesday, and the jury found “the special circumstances of murder for financial gain and lying in wait to be true,” which brought the death penalty into play.

James Fayed was the operator of the now-shuttered E-Bullion payment processor. Federal prosecutors revealed in December that AdSurfDaily, a Florida company accused of operating a $110 million Ponzi scheme, used the services of E-Bullion.

Investigators have linked E-Bullion to multiple Ponzi schemes.

Prosecutors in Los Angeles said Pamela Fayed was a potential witness against her husband.

“Pamela Fayed was stabbed 13 times near her SUV parked in a garage at Watt Tower on July 28, 2008,” prosecutors said in a statement moments ago.

James Fayed paid $25,000 to arrange his wife’s murder, according to court documents. Three others have been charged in the plot and await trial.

Steven Vicente Simmons, 22, is accused of fatally stabbing Pamela Fayed; Gabriel Jay Marquez, 46, allegedly acted as a lookout.

Jose Luis Moya, 50,  a Fayed employee, accepted the $25,000 to arrange the murder, prosecutors said.

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3 Responses to “URGENT >> BULLETIN >> MOVING: James Fayed, E-Bullion Operator And Emerging Figure In AdSurfDaily Ponzi Case, Found Guilty In California Murder-For-Hire Plot That Led To Brutal Stabbing Death Of His Estranged Wife”

  1. The major problem with “facing the death penalty” in California is they so seldom follow through.These guys sit on death row at taxpayers expense for years. Might just as well not have it if they aren’t going to use it.

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  2. I can’t remember if it was the “Sproket” blog or one of Marjorie Hernandez’s stories at the Ventura County Star that mentioned it, but during the trail the jury was shown one of the gold bars taken from James Fayed’s safe. I got the impression that during the trail Fayed had been impassive about the process, but when the gold bar was shown he couldn’t take his eyes off it. This sort of attitude is common with “gold bugs”, or those who think gold is “real”, the “feds” & their “fiat currency” is bad. An attitude often common with the sovereign citizens.

    There has also been some post that hint that there may have been some attempts at jury tampering during the trail. Very odd.

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  3. Credit to http://sprocket-trials.blogspot.com/
    The verdict is in.

    Death by execution.

    Also worth reading yesterday’s post about email(s) sent to the court.

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