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Camarillo businessman to remain in custody

By   /   Friday, September 12th, 2008  /   Comments Off on Camarillo businessman to remain in custody

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An appeals court will determine whether a Camarillo  businessman – who is a suspect in the stabbing death of his estranged wife – will remain in jail on a federal charge.

U.S. District Judge Philip Gutierrez said Sept. 5 he lacked the jurisdiction on James Fayed’s request for bail because the matter was on appeal to the U.S. 9th Circuit Court of Appeals.

Fayed, 45, is awaiting trial for one count of operating a money transmitting business without a license at his Camarillo-based international gold-trading company.

He has pleaded not guilty to the charge. Fayed was arrested in August after his estranged wife, Pamela, was stabbed to death in a Century City parking garage following a meeting between the couple and their attorneys.

The Los Angeles Police Department has named Fayed as a suspect in the killing of the Camarillo resident, but he has not been charged in connection with it, said police Sgt. Mike Pelletier.

Fayed’s attorney, Mark Werksman, argued that the longer Fayed stayed in federal custody, the longer the state would take in bringing any murder case.

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