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Tag: Steven Vicente Simmons

  • URGENT >> BULLETIN >> MOVING: Jury Recommends Death Penalty For E-Bullion Operator James Fayed

    BULLETIN: The jury that returned the guilty verdict against James Fayed for the murder of his estranged wife in July 2008 has recommended the death penalty.

    James Fayed, 48, was found guilty May 19 in the murder-for-hire slaying of Pamela Fayed. On May 20, the penalty phase of the case began — and the jury returned the death recommendation today.

    Pamela Fayed, 44, was slashed to death in a California parking garage on July 28, 2008.

    James Fayed, the operator of E-Bullion and an emerging figure in the AdSurfDaily Ponzi case, paid $25,000 to have his wife killed and then plotted to kill the hit men, prosecutors said.

    Pamela Fayed was a potential witness against her husband over financial matters. Court records show that E-Bullion had been linked to multiple Ponzi schemes.

    Sentencing for James Fayed is scheduled for Sept. 22.

    Three other men have been charged with Pamela Fayed’s killing.

    Steven Vicente Simmons, 22, stabbed her, prosecutors said.

    Jose Luis Moya, 50, a Fayed employee, was paid $25,000 to arrange the murder, and Gabriel Jay Marquez, 46, acted as lookout, prosecutors said.

    E-Bullion is referenced in court or regulatory documents in the ASD Ponzi case, the Legisi Ponzi case, the Gold Quest International Ponzi case and the FEDI fraud scheme. A  mysterious enterprise known as the “Alpha Project”also is referenced along with FEDI in filings in Canada.

    This chilling document from the Ontario Securities Commission references both FEDI and the Alpha Project — and appears to make a veiled reference to Pamela Fayed.

    From a 2003 filing by the Ontario Securities Commission. Click on link above to read entire document.

    See earlier story.

  • 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.