EmGoldex @ BehindMLM

GIG-OS is the latest chapter in the EmGoldex scam saga. EmGoldex was a gold themed cycler Ponzi scheme that launched in 2014. Following multiple regulatory investigations and fraud warnings (the US, Philippines, Malaysia, UAE), EmGoldex collapsed in mid 2015. The company rebooted as Global InterGold shortly after the collapse, carrying on as if nothing happened. [Continue reading…]

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.

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.

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

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.

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…]

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.

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…]

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…]

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…]