Articles under ‘EmGoldex’:

Joseph Tran arrested in Sweden (Nano Club, Ormeus, EmGoldex)

According to local news reports, serial-scammer Joseph Tran has been arrested by Swedish authorities. Tran’s arrest is believed to be in connection with his promotion and participation in a number of fraudulent MLM companies.


Peru issues warning against Global InterGold (EmGoldex) & Jeunesse

The Superintendencia de Banca is responsible for the ‘regulation and supervision of the Financial System of Insurance and Private Pension System‘ in Peru. In an action that slipped under the radar, last month the Superintendencia de Banca issued a warning against Global InterGold (EmGoldex) and Jeunesse.


Philippine SEC file second round of EmGoldex complaints

Attempts to quash EmGoldex and its various incarnations in the Philippines continue, with news of the SEC filing a second round of complaints.


EmGoldex warning issued by Central Bank of Curaçao

Hot on the heels of the arrest of Philippine EmGoldex ringleaders, news today that the central bank of Curaçao has issued it’s own warning against the scheme.


Philippine Global InterGold investors facing life sentence

Last month saw the Philippine SEC issue a cease and desist against Global InterGold. Alongside the SEC’s warning, criminal charges were also filed against top Philippine Global InterGold investors by the Philippine National Police (PNP). Details of the criminal case have been thus far sketchy, with specifics of the PNP’s criminal case only coming to light [Continue reading…]


Global InterGold abandon Philippine investors (again)

In a predictable dejavu turn of events, Global InterGold have sought to distance themselves from local business operations in the Philippines. The move comes after it was revealed last Friday that the Philippine SEC have filed criminal charges against several top Global InterGold investors.


Criminal charges filed against Global InterGold ringleaders

Despite multiple regulatory warnings against EmGoldex from Malaysia, Dubai and the Philippines, EmGoldex persists. Asia appears to be a hotbed of investor recruitment, with EmGoldex’s name-change to Global InterGold earlier this year leaving a slew of new victims likely clueless. Despite having previously issued a warning against EmGoldex, investment fraud through Global InterGold continued. This [Continue reading…]


Global InterGold: EmGoldex Ponzi scheme rebrands itself

August 2014 – Massachusetts Securities Division begin investigating EmGoldex Ocober 2014 – Civil fraud charges filed against top US EmGoldex investors February 2015 – Philippines SEC issues regulatory warning against EmGoldex April 2015 – Central Bank of Malaysia places EmGoldex on investment blacklist June 2015 – Dubai Multi Commodities Centre warn EmGoldex not registered to trade in gold in [Continue reading…]


DMCC warn EmGoldex not registered in the UAE

Observing a recent spate of investor recruitment taking place in Dubai, local media began to investigate EmGoldex. Observing EmGoldex affiliates on social media claiming that ‘Emgoldex’s parent company, the Germany-based Gold and Silver Physical Metals KG, registered an online store in Dubai with the Dubai Multi Commodities Centre (DMCC), Gulf News approached the DMCC for comment. The [Continue reading…]


Philippine singer urges EmGoldex scammers to stop

Despite the Philippine SEC issuing an investment warning against the scheme earlier this year, promotion of EmGoldex in the Philippines appears alive and well. The latest marketing efforts of local investors has seen them use the name and image of singer Aiza Seguerra. This hasn’t gone unnoticed, with the singer now issuing a public demand that [Continue reading…]