August 14, 2008

Another gold issuer finds himself temporarily unavailable ...

What's wrong with this picture, from an affidavit filed into a random Los Angeles court concerning divorce proceedings (his emphasis):

"I personally maintain and control ALL access security codes and passwords. I have been and am the ONLY individual in the company who can physically access the building, its contents AND precious metal vaults simultaneously, twenty-four hours a day. All others have limited access that is monitored and/or time-controlled (clock-based) and recorded in security records. Alarm calls are sent directly to me at all hours. ...

... I personally designed and customized the installation of a complex, ultra-sophisticated DOUBLE REDUNDANT security system that is both physical (in the building and its parameters) and virtual (reporting to his private office network round the clock.) This custom, high security system monitors and controls the safety of the corporate headquarters and all its contents, the safety of its employees, and the active 24/7 implementation of advanced, anti-theft, crime prevention. I oversee and monitor all security issues round the clock through a Virtual Private Network set-up at my home office."

Nothing, as long as the above mentioned person is available forever. Unfortunately he is now in jail, charged with much the same situation as the e-gold founders faced over the last two years. Checking the webpage:

Dear Customer,

05 August, 2008, 1:00pm PST: The e-Bullion website will be unavailable for a period of approximately four hours while our Tech Dept. performs routine maintenance.

We apologize for any inconvenience caused by this interruption to service.

e-Bullion Management

Is this a coincidence? Maybe, but it is just another reminder that serious and professional operations do not subscribe to superhero status as described above, for any of a hundred routine and boring scenarios.

(More details might be found here, written up by Ian Lamont of the Standard. Poking around a bit there is also a complication that the other side of the divorce proceedings, his wife, was murdered, and the LA police allege that there is a connection of some form.)

Posted by iang at August 14, 2008 04:03 PM | TrackBack

The problem was not his personal control of e-bullion. The problem was that US government goons could lay their hands on a person who personally controlled a lot of other people's gold.

Posted by: James A. Donald at August 17, 2008 03:48 AM

Looks like more evidence is needed. Just because someone was able to obtain an American Express card to rent the red SUV photographed leaving the scene of Pam's murder does not necessarily mean it was Jim Fayed who obtained and issued the card. Lots of techo-geeks and slick I.D. thieves have phonied up stuff like this, even to the extent of making counterfeit credit cards in machines which are difficult to tell from the real thing.
I would investigate the thing long and hard before indicting anyone in this, although having been fired, Jim's brother may look more suspect since Jim is the one filed for divorce, not Pamela.
It is very tragic. I often wonder what kind of animal can brutally carve up a woman, especially an attractive woman. Bad enough for men on men to fight, but to overpower and carve up a gal like this- really took some hero, didn't it.

Posted by: wayne muller at August 21, 2008 02:43 PM
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