The U.S. has returned about $9.8 million to more than 1,000 victims who made investments in an allegedly unlawful “e-Bullion.com” money-transmitting business.
The latest disbursement, taken from gold and silver stored in Australia by e-Bullion.com operator James Fayed, marks the last of the civil proceeds recovered in the long-running case. The government also disbursed about $11.7 million in November 2015 and $1.8 million in December 2014.
The e-Bullion company claimed to provide investment opportunities for precious metals, according to an announcement from the U.S. District Attorney’s office for the Central District of California.
“Through the website, individuals opened accounts with ...
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