Tag: Gold Scams & Frauds & Fakes and Scammers

  • ☆ Is it safe to buy gold from eBay?

    While there’s nothing inherently wrong with buying from eBay, it’s essential to acknowledge that most coins listed there come with a higher premium. This is because the seller, eBay, and PayPal all take their share of the transaction. For instance, if a seller offers a sovereign on eBay for $550, it might be available for…

  • Lincoln Woman Falls Victim to Gold Bar Scam, Losing Nearly $67,000 to Crafty Scamm

    Summary: A 76-year-old woman in Lincoln, Nebraska, lost over $66,984 in a gold bar scam orchestrated by individuals claiming to represent the Federal Trade Commission. The scammers convinced the victim that she was under investigation for money laundering in Texas, instructing her to purchase a gold bar online and deliver it to a designated location.…

  • Unraveling the Gold Fraud: A $40 Million Deception

    A recent $40 million gold bullion fraud case has culminated in the sentencing of two individuals to eight years in jail, marking a significant victory for the Australian Taxation Office (ATO) in unraveling a complex web of deceit. Cedric Adrian Millner and Jonatan Kelu, convicted for conspiring to dishonestly cause a substantial loss to the…

  • Thai Authorities Bust $33 Million Online Gold Scam, Detain Chinese Nationals and Thai Accomplices.

    In a significant operation, the Royal Thai Police revealed that they have successfully dismantled an online gold investment scam worth 1.2 billion baht, equivalent to a staggering $33.1 million. The sophisticated scheme, masterminded by six Chinese nationals and supported by 20 Thai individuals, operated by promoting a fictitious gold investment opportunity on Facebook, luring unsuspecting…