Zhang was arrested in Thailand in October last year on charges that his company, Yun Shu Mao, was a massive Ponzi scheme that had bilked people in China, Thailand and Malaysia out of some B9 billion. Later this month DSI officers will meet in Surat Thani with police from across the South of Thailand, including Phuket to explain what they know about VGMC and other get-rich-quick schemes.
Nov 26, 2018· Incidentally, he was a compliance officer at Banner Broker Ponzi scheme before he assumed the position. It was rebranded in September last as Fintegri due to the blacklisting by the bank. The company, which is focused on training, services, and products, felt that rebranding will convince the bankers of its authenticity.
Mar 03, 2014· The term "Ponzi scheme" is named after Charles Ponzi''s famous pyramid scheme. Ponzi infamously promised returns of 50% in 45 days, which were actually paid with by funds from new investors. The scheme eventually failed in 1920 leaving 5 banks and all investors ruined, the latter of which were able to only recoup 30% of their initial ...
Mining City is a Bitcoin Mining company. Mining City is an official partner of BTC hosting over 20, 000 Bitcoin Mining machines. Mining City is the first Cloud Mining project in the world to use Kazakhstan Government Approved Mining Facilities.. We provide the mining power and take care of the Technology and Maintenance – you Reap the Rewards.
Jul 14, 2017· Disgruntled former members of pyramid scheme MMM have reported mounting losses to Fin24, with the current tally at R649 000 and set to rise. MMM: I lost R90 000 instead of becoming a millionaire in 6 months | Fin24
May 15, 2015· With Genting your chance of getting back is 10% whereas Ponzi Scheme is only 0.001%. Such company do not last more than 2 years in one place and will move to other areas looking for more victims. Let it be known that such Ponzi Scheme are here .
GENESIS MINING IS NOW A PONZI/PYRAMID SCHEME DO NOT BUY CONTACTS! (self.GenesisMining) submitted 11 months ago by greenrocket. I was astonished to hear from a few people who have recently purchased contracts from Genesis in the past few days.
Dont get confuse between fucking gold mining corporation and company. I was naive back than. I assume VGMC was a MLM scheme but after the Geneva Gold got busted, i finally understand that VGMC is actually a PONZI SCHEME !
About the Ponzi Scheme ... 2014, the ICDR International Arbitration Tribunal in the matter of Global Gold Corporation vs. Amarant Mining LTD and Alluvia Mining, Ltd. awarded GBGD $16,800,000 USD plus $68,570.25 USD in interest, costs, and fees, all accruing interest at 9%. In addition, the Tribunal provided the following injunctive relief:
May 05, 2015· Michael Samra was charged in connection with an alleged $12 million Ponzi scheme run through his company, ALC Company Pty Ltd. Samra represented that investor funds would be lent to unnamed builders and property developers on a short-term basis and that investors would receive 30% to 48% returns annually.
An ominous announcement that a popular online gold investment company would be ''restructuring'' its operations and suspending monthly 10% dividend payments has caused discontent among many of its investors and has many questioning the legitimacy of the company. Gold Mining Corporation ("VGMC"), which purports to engage in gold mining ...
Home Altcoin Court awards investors in mining company Ponzi scheme class status ...
SEC accuses 6 in gold mining investment Ponzi scheme. a $300 million international Ponzi scheme on investors in a into a mine services agreement Get Price gold ore washing machine s scheme -
Sep 08, 2014· Trial over multi-million dollar Ponzi scheme gets underway ... companies named Syndicated Gold Depository SA, Base Metals Corporation LLC, Bahama Resource Alliance Ltd., and Merendon Mining ...
Jun 11, 2010· The SEC just posted a bulletin to its website detailing how it''s charged four Canadian men and two Florida residents with perpetrating a $300 million Ponzi scheme involving a gold mining .
May 08, 2015· Zhang was arrested in Thailand in October last year on charges that his company, Yun Shu Mao, was a massive Ponzi scheme that had bilked people in .
Upon inquiry, I was made to understand that Swissgolden is not a gold mining company neither do they manufacture Gold (NOTE). They only buy and Sell. Swissgolden is an online shop, just like going to a gold shop to buy gold. ... Is Swissgolden a scam or another Ponzi scheme? When there are over a hundred means of payment that includes credit ...
Nov 11, 2018· Reports say that Enable India Company, owned by Reddy, received 57 kg gold bars from Ambidant. (With inputs from Nagarjun Dwarkanath in Bengaluru) ALSO READ | Mining baron Janardhan Reddy comes out of hiding, appears before police in bribery case. WATCH | Mining baron Janardhana Reddy arrested in ponzi scam case
The United States: The Largest Ponzi Scheme in the World. What is odd is that while gold goes up, so does the dollar. And so do U.S. Treasury bonds. It is as if investors couldn''t make up their minds. They bid up the price of U.S. Treasuries.and bid up the price of anti-Treasuries at the same time.
Investigators have also found that a claims subsidiary of Gold, Asia Pacific Gold Mining Investments Ltd. in Toronto is not registered for gold futures trading. Police raided a Bangkok apartment complex in connection with an investigation of the UFUN alleged Ponzi scheme.
Telexfree was a multibillion-dollar Ponzi scheme desguised as an internet phone service company. Prosecutors have described it as the largest fraud of all time in terms of the number of people affected—more than 1 million, with victims in various countries.
Jul 17, 2015· SEC Halts Pyramid/Ponzi Scheme Targeting Spanish and Portuguese Communities. The SEC alleges that DFRF Enterprises, named for its founder Daniel Fernandes Rojo Filho, claimed to operate more than 50 gold mines in Brazil and Africa, but the company''s revenues came solely from selling membership interests to investors and not from mining gold.
Aug 14, 2013· Ponzi Scheme of the Fed Printing and Government Spending; How Long It Will Go On By Michael Lombardi, MBA Published : August 14, 2013 The U.S. government registered a .
Mar 26, 2012· Kaunda Global Mining Resources, to run the mines. De Wet says there is also no evidence that the company ever paid a percentage of the workers'' wages to the Workman''s Compensation Fund (UIF). He can also not find any evidence that Aurora paid VAT on its transactions. This has opened up the company and its directors – among them President Jacob
Gold Mining Corporation Ponzi Made in China. Gold mining corporation a ponzi scheme curesiddhaclinicin Gold Mining Corporation A Ponzi Scheme Final Arguments nearing end in trial of one the largest alleged Ponzi Feb 10 2015 Merendon a company which used the funds to purchase gold As in all Ponzi schemes the allegations are that new investors funds were More Info Largest Ponzi .
You might remember him as the creator the Multi-Level-Marketing (Ponzi) scheme involving cards with pieces a gold attached to them and a Singapore based company called KaratBank. This coincidentally pyramid-like structure explains how to recruit others to work, .
Jul 28, 2015· Calgary men get 12-year sentences in elaborate Ponzi scheme Open this photo in gallery: Helmut and Genie Vollmer from Calgary, Alberta, both in their 80s have lost over $400,000 since 2002 by ...
Bitcoin Ponzi Scheme Promises Return to North America. USI-Tech, a bitcoin mining company based out of the United Arab Emirates, has vowed to reopen its doors to North American users, according to an announcement sent out to participants via its website: The company''s lawyers acknowledge having regulatory issues in Texas, Washington,...
Oct 15, 2017· For the last few weeks, the internet has been buzzing about a new website called BitConnect. Some have been declaring it the next best investment platform, but a far larger and ever-growing majority seems convinced that it is a scam of the Ponzi scheme or HYIP variety.I decided that the only way I could discover the truth was to do some digging on my own.
A Snarky Commentary From Bill Singer About an SEC Ponzi Case and the Politics of Regulation December 2, 2010 On June 10, 2010, the Securities and Exchange Commission (SEC) filed an injunctive action in the U.S. District Court for the Western District of Washington, charging six individuals and four companies with securities fraud.
CryptoGold Review – Is This A Good Opportunity Or Big Scam? In the last few weeks, CryptoGold has been getting a lot of attention in the network marketing circles. With all this hype, I am sure you have seen some of your friends trying to sell CryptoGold in your social media feeds.
Bruno argued Friday that his client resorted to running Global Bullion Exchange as a Ponzi scheme after he was ripped off by a Miami-based firm involved in financing the purchase of precious metals.