Emgoldex, what do you think of this company?

[xanderusa]

I have known of this gold investment company since 2011/12 but I never really gave it too much mind to it; however, I've heard some people have really got karat gold (not sure if 18 or 24) after bought it. I didn't like this company since one get nothing if your downloads don't bring people so you can get stagnated. But if your team is really active maybe it could work. I just wanted to know if you guys have invested in this company and what are the results.

Fear sells well under the idea that economy will sunk soon because the dollar is losing its value as paper compared with gold etc. etc and it could be true to a certain point. People are buying gold and silver as an alternative since a black future looms over the world. So under this concept news scams has been spotted specially in German where phony gold bars turned to be a scam since it turned out being tungsten.


I've made a research of this company online trying to find honest reviews but as always it's only biased and tricky ads under the "review" "scam" keywords, so ... not useful.

I haven't heard of this company selling gold scam even thought but... I don't know,.. it still seems to me a bit hard to find people to buy this idea.. and what about when once you get those karat golds? Where to sell them in case of any catastrophe economy?


any review will be highly appreciate it..

[Char]

Google Translate (http://translate.google.com/translate?hl=en&sl=es&u=http://www.dinero.com/pais/articulo/superfinanciera-alerta-firmas-no-autorizadas/194521&prev=/search%3Fq%3Demgoldex%2Bcolombia%26client%3Dsafari %26hl%3Den) dinero.com

Not looking too good in Columbia.

[NikSam]

Estonia declared it an illegal pyramid scheme: Gold table circle disclosed as pyramid scheme - Local News - Estonian news in English (http://news.postimees.ee/1324300/gold-table-circle-disclosed-as-pyramid-scheme)

[Whip]

If you have to add 'scam' as a keyword to find a 'positive' review, then it is a scam.

[NikSam]

Classic illegal MLM Pyramid.
To be legal at least 51% of sales must be done to real (non members) retail customers.
What a joke? this one hardly has any retail sales at all, just recruiting.

Their so called "webshop" where retail customers would buy gold at does not even enforce SSL connection :)

[NikSam]

Alert from Panama

7860

URL: Warning (http://www.supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/215-informacion-del-mercado/varios-alertas-al-inversionista/4778-warning-non-autorized-entity-emgoldex-emgoldex-panama)

[Cernvall]

Hi,
In Sweden it works great and several of my friends have received their bonuses of 3000 euro. One even 6000 euro, and that in just under 2 months. We have active teams and are working together. Recommended by me...

[Joe_Shmoe]

Hi,
We have active teams and are working together.

What exactly are there "active teams" doing?

[Whip]

lol..........wacky scammers

[littleroundman]

Hi,
In Sweden it works great and several of my friends have received their bonuses of 3000 euro. One even 6000 euro, and that in just under 2 months. We have active teams and are working together.

Why is it that it's always "several of my friends" or "my sisters' boyfriends' cousin" who make money in HYIP ponzis, and not the pimp him/her self ??


Recommended by me...

Hmmn, since no one here knows you from a bar of soap, would you be offended if we ignore your recommendation ??

Just until we stop laughing, that is.

[littleroundman]

A technical glitch ???

Scammers scamming scammers ??

http://imageshack.com/a/img661/7219/ZjZmdL.jpg

Emgoldex official warning (http://emgoldex.com/gold-news/read.php/illegal-activity-on-behalf-of-the-emgoldex-company)

Seriously, with the amount of red flags, is it worth the risk ???

[littleroundman]

The BostonGlobe.com (http://www.bostonglobe.com/business/2014/08/07/galvin-investigating-emgoldex-gold-selling-enterprise-that-sprung-wake-telexfree/Z2RcOGlpfnBjbx8ezSwrKP/story.html) is today reporting:

http://imageshack.com/a/img912/7978/kMFl7B.jpg

[shipdit]

The TalkGold (www.talkgold.com/forum/showthread.php?t=359891) and MMG (http://www.moneymakergroup.com/Emgoldex-Emgoldexcom-t409164.html) threads for this SCAM are now pretty much dead in the water.

SD

.

[littleroundman]

The TalkGold (http://www.talkgold.com/forum/showthread.php?t=359891) and MMG (http://www.moneymakergroup.com/Emgoldex-Emgoldexcom-t409164.html) threads for this SCAM are now pretty much dead in the water.

SD

As is Emgold itself:

http://imageshack.com/a/img537/8627/vos2Gi.jpg

[littleroundman]

In another sign US regulators are taking a much tougher stance against online fraud and being "offshore" is no protection, Massachusetts prosecutors today acted against US based EmGoldex promoters:

http://imageshack.com/a/img661/9468/Eh2Quv.jpg
http://imageshack.com/a/img673/7387/PA0PYs.jpg
http://imageshack.com/a/img901/2217/y793b6.jpg
http://imageshack.com/a/img538/753/e9eN4v.jpg

You can download a copy of the full complaint in .PDF format from Massachusetts Secretary of State (http://www.sec.state.ma.us/sct/current/sctemgoldex/EmGoldex-et-al-Complaint-Docket-No-2014-0056.pdf)

[NikSam]

Alert from Panama

7860

URL: Warning (http://www.supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/215-informacion-del-mercado/varios-alertas-al-inversionista/4778-warning-non-autorized-entity-emgoldex-emgoldex-panama)

Missed this another alert on May 19th from another agency in Panama - SBP (SUPERINTENDENCY OF BANKS OF PANAMA):

8595

URL: http://www.superbancos.gob.pa/documentos_ing/laws_regulations/notice/2014/notice_13-2014.pdf

[littleroundman]

I guess nobody has to worry about whether (http://emgoldex.com.pa/404.html)http://emgoldex.com.pa (http://emgoldex.com.pa) is legal or not any longer

http://imageshack.com/a/img908/4629/781J6O.jpg

[littleroundman]

Just when you think things couldn't get any worse for Emgoldex, comes this:

When I first posted the Alexa ratings for Emgoldex on August 22, (http://www.realscam.com/f9/emgoldex-what-do-you-think-company-3189/#post75447) it looked like this:

http://imageshack.com/a/img911/1706/M5SR2m.jpg

With the red arrow indicating the approximate date.

Today, the Emgoldex Alexa rating shows how visitor numbers continued to drop dramatically from that time:

http://imageshack.com/a/img538/2690/juCSHY.jpg

The first Alexa snapshot was taken approximately 14 days after the announcement of the Massachusetts Secretary of State, William Galvins' announcement of his departments' prosecution of Massachusetts based Emgoldex promoters

[EthanVanderbuilt]

Emgoldex and Karatbars are similar scams. They use gold as the bait and get you to participate in an endless recruitment Ponzi scam. The money is not in the gold. It is just the cover. Emgoldex can't even ship gold directly to the United States, last time I checked. They have to use a third party to get the gold into the country.

[littleroundman]

Exactly right, Ethan,

which is why we have a separate thread for the KaratBars fraud (http://www.realscam.com/f8/karatbars-invest-gold-karatbars-com-3278/?highlight=karatbars)

[littleroundman]

The TalkGold (http://www.talkgold.com/forum/showthread.php?t=359891) and MMG (http://www.moneymakergroup.com/Emgoldex-Emgoldexcom-t409164.html) threads for this SCAM are now pretty much dead in the water.

SD

.

Yep,

With no new posts on the MMG HYIP ponzi forum since May 29, I'd say Emgoldex is now more than "pretty much dead"

http://imageshack.com/a/img538/4064/HGhMhJ.jpg

[Market! Market!]

Awww

Someone promoting Emgoldex in our country (Philippines).
Why Filipinos go crazy about GOLD (http://www.pinoymoneytalk.com/forum/index.php?topic=48059.0)

I wish they visit this site first before they decide to join.
Many joined Uinvest as well even after several warnings from other people.
Online Investing @ Uinvest (http://www.pinoymoneytalk.com/forum/index.php?topic=39091.0)

Note: Some use Filipino language so you guys might not understand.

[NikSam]

I saw a lot of victims from Philippines in Uinvest,
If you can convince some of them to complain to your local regulator, tell them to contact SEC:

Securities and Exchange Commission
SEC Building, EDSA, Greenhills
Mandaluyong City, Metro Manila Philippines
Telephone No.:(+632) 584-0923
Fax No.:(+632) 584-5293
Email Add.:inquiry@sec.gov.ph

[littleroundman]

http://imageshack.com/a/img537/4163/37pPnW.jpg

Philippines SEC Emgoldex warning (http://www.sec.gov.ph/notices/advisory/2015_SEC_Advisory_EMGOLDEX_PHILS.pdf)

[Market! Market!]

Video from our country (Philippines):

http://www.abs-cbnnews.com/video/business/02/16/15/emgoldex-philippines-legitimate-company

[littleroundman]

Sounds like something from a fantasy spy movie, doesn't it ???

"Do what we tell you, but if you get caught, you're on your own and we will deny even knowing you"

Philippines Business World (http://www.bworldonline.com/content.php?section=Nation&title=gold-bar-seller-denies-connection-with-entity-claiming-to-be-its-philippine-unit&id=105250) is today reporting:

http://imageshack.com/a/img537/3720/rO6hR7.jpg

You can read the entire original article here on bworldonline.com (http://www.bworldonline.com/content.php?section=Nation&title=gold-bar-seller-denies-connection-with-entity-claiming-to-be-its-philippine-unit&id=105250)

[littleroundman]

Malaysias' central bank, Bank Negara Malaysia, has added Emgoldex to its' list of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BNM. (http://www.bnm.gov.my/documents/2015/20150225_FCA_EN.pdf)

http://imageshack.com/a/img540/2227/mKmHUg.jpg

Bank Negara Malaysia advises:


The public is advised not to make any deposit or investment with individuals and entities that are not regulated under the relevant laws and should conduct the necessary checks with the relevant authorities if there are doubts regarding any schemes offered.

[NikSam]

Also missed Columbia alert on this ponzi:
Intervention in Emgoldex Operations in Colombia - CentralAmericaData :: The Regional Business Portal (http://www.centralamericadata.com/en/article/home/Intervention_in_Emgoldex_Operations_in_Colombia)

[littleroundman]

http://imageshack.com/a/img910/1484/EQwzrd.jpg

[NikSam]

Gulf News article published on wednesday:



10991





...
Gulf News found that the purported office of Emgoldex in Jumeirah Lakes Towers belongs to a consulting company. The receptionist of the company said Emgoldex used to rent that space but they “left for Russia some time ago”.

Gulf News repeatedly tried to contact a team leader in Dubai who claimed to be from Emgoldex to get a comment. He said he would meet all the team leaders of Emgoldex here and is just “waiting for approval from the main office in Germany on whether we would comment or not”.
...
Gulf News checked with the Handelsregister, a public registry of companies kept by local courts in Germany, and Emgoldex is not listed.

The alleged parent company of Emgoldex, however, Gold and Silver Physical Metals KG, is registered but no other information as to the status of the company could be shared.

Gulf News repeatedly emailed and called the published phone numbers of Gold and Silver Physical Metals KG for two weeks at different times but the number seemed to be not working.
...



URL: Officials warn against investing in online gold store | GulfNews.com (http://gulfnews.com/news/uae/society/officials-warn-against-investing-in-online-gold-store-1.1532762)

And one more article on the same day: Online store on watch list of global regulators | GulfNews.com (http://gulfnews.com/news/uae/society/online-store-on-watch-list-of-global-regulators-1.1532771)

[NikSam]

More news this week

SunStar: Defending EmGoldex and failing miserably | Sun.Star (http://www.sunstar.com.ph/davao/opinion/2015/06/11/defending-emgoldex-and-failing-miserably-412694)
PEP: Aiza Seguerra slams Emgoldex for using her in its false advertisements | PEP.ph: The Number One Site for Philippine Showbiz (http://www.pep.ph/news/53385/aiza-seguerra-slams-emgoldex-for-using-him-in-its-false-advertisements)
ABS-CBN: Will Aiza file charges against Emgoldex? | ABS-CBN News (http://www.abs-cbnnews.com/entertainment/06/10/15/will-aiza-file-charges-against-emgoldex)

[NikSam]

Some 222 brainwashed Columbians are unhappy that the Gov declared their ponzi illegal and signed a petition (https://www.change.org/p/emgoldex-limited-que-las-empresas-emgoldex-limited-y-emgoldex-trade-dmcc-se-legalicen-en-colombia-cumpliendo-la-ley-1700-de-diciembre-27-de-2013-o-que-le-permitan-a-los-clientes-colombianos-retirarse-del-plan-de-marketing-devolviendoles-el-dinero-inv) :)

[littleroundman]

http://imageshack.com/a/img908/7307/J4iurK.jpg

http://imageshack.com/a/img910/8932/MPlLhN.jpg

Philippines SEC (http://www.sec.gov.ph/docs_home/SEC%20Press%20Release%20re%20Emgoldex%20(6%20Nov%2 02015).pdf)

[littleroundman]

The Philippines' Business Mirror (http://www.businessmirror.com.ph/sec-files-criminal-charges-vs-ponzi-schemers/) is reporting:

http://imageshack.com/a/img633/7052/3ArRXi.jpg

You can read the original report here on: businessmirror.com.ph (http://www.businessmirror.com.ph/sec-files-criminal-charges-vs-ponzi-schemers/)

[littleroundman]

Philippines based Rappler.com (http://www.rappler.com/business/personal-finance/111990-global-intergold-statement-versus-scam) is reporting on the Global Intergold (GIG) / EmGoldex, / Prosperous Infinite Philippines Holdings Corporation (PIPHC) response:

http://imageshack.com/a/img910/5879/fteTKm.jpg

You can read the original article here on Rappler.com (http://www.rappler.com/business/personal-finance/111990-global-intergold-statement-versus-scam)

[littleroundman]

The February 15 Rappler.com (http://www.rappler.com/business/personal-finance/84556-emgoldex-philippines-scam) report referenced above:

http://imageshack.com/a/img908/6443/ubpyky.png

You can read the original Rappler.com article HERE (http://www.rappler.com/business/personal-finance/84556-emgoldex-philippines-scam)

[littleroundman]

ABS-CBN News (http://www.abs-cbnnews.com/business/11/12/15/sec-seeks-lookout-order-vs-emgoldex-execs) is reporting:

http://imageshack.com/a/img905/2540/xHETiW.jpg

You can read the original article here on ABS-CBN News.com (http://www.abs-cbnnews.com/business/11/12/15/sec-seeks-lookout-order-vs-emgoldex-execs)

[littleroundman]

The Philippines Business World online (http://www.bworldonline.com/content.php?section=Nation&title=emgoldex-execs-charged-with-syndicated-estafa&id=119464) is reporting:

http://imageshack.com/a/img907/1733/b2zjHG.png

NOTE:

http://imageshack.com/a/img907/9436/XoDPmm.jpg

You can read the original article here at Business World online.com (http://www.bworldonline.com/content.php?section=Nation&title=emgoldex-execs-charged-with-syndicated-estafa&id=119464)