EmGoldex @ BehindMLM

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…]

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…]

The Central Bank of Malaysia are the primary financial regulator for the Malaysian economy. As Malaysia’s Central Bank, Bank Negara Malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. Part of those duties sees the bank maintain a a list of companies and websites which are neither authorised [Continue reading…]

EmGoldex’s business model is pretty straight forward. You sign up, you invest €540 and once enough subsequent investments have been made, a €3500 ROI is paid out. Newly invested funds are used to pay off existing investors, with recruitment quotas required for a full €3500 ROI to be issued. Dare to accurately market the EmGoldex MLM business though, [Continue reading…]

With attempts to solicit US investors into the EmGoldex Ponzi scheme thwarted by regulators last year, the scheme’s affiliates (who are mostly based out of Europe) have begun to target Asian countries. Currently listed as the fourth largest source of visitors to the EmGoldex website is Malaysia (11.7%). Where Philippines sits on that list I’m not [Continue reading…]

A review of EmGoldex earlier this year revealed it to be a seemingly European based Ponzi scheme. Investors bought in for 540 EUR and EMGoldex promised them a 3500 EUR once enough new investments had been made by subsequent investors. As is common with European based Ponzi schemes, gold was used to front the scheme. The [Continue reading…]

One of the more prominent reload scams to rise to prominence after the TelexFree shutdown was EmGoldex. Shrouded in mystery, the company operates your typical European-based gold Ponzi/pyramid hybrid scam. Affiliate investors buy matrix positions for 540 EUR a pop, and once enough new positions have been purchased (by existing and recruited affiliates), a ROI commission is [Continue reading…]