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E-bullions James Fayed Denied Bail

Date Added: August 07, 2008 05:10:31 AM

Source: http://www.mercurynews.com/news/ci_10112987

Judge denies bail for slain woman's husband

LOS ANGELES—A judge in Los Angeles has denied bail to a gold trader charged with illegal money transfers after prosecutors argued he was a suspect in his wife's murder.

The federal judge issued the order Wednesday against James Fayed, calling him a flight risk.

Fayed has not been charged with the stabbing death of his estranged wife Pamela last month in a Century City parking garage. However, federal prosecutors had urged the judge to deny bail, calling him the prime suspect in his wife's death.

They said his wife had agreed to cooperate in a criminal probe of the international gold trading business the couple owned. They also said Fayed's credit card had been used to rent the vehicle seen at his wife's stabbing.

Fayed's attorney says his client did not know his wife was cooperating in the investigation.

The Associated Press Article Launched: 08/06/2008 01:58:40 AM PDT

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