Gold trading scams singapore

20 Feb 2015 If you're a job seeker you already know that there exist plenty of scammers posing as employers in hopes of either stealing your identity, or 19 Feb 2011 Information on The Gold Label isn't widely available; its Singapore Its website says it has a 'proprietary trading platform' which enables it to 

24 Jan 2019 Investors were persuaded to trade gold on the London commodities market and make other investments with the promise of high returns. 27 Feb 2019 The Singapore Police Force advised people to follow a few precautions if E- commerce and multi-million dollar gold investment scammers arrested by The unnamed man was charged in court with fraudulent trading under  20 Dec 2019 SINGAPORE - An 83-year-old businessman lost $120000 last week after 85- year-old man loses $100.5m in Hong Kong gold trading scam. Online trading, particularly when they involve binary options. Many platforms offering binary trading options are fraudulent. 2020 Scam Alert Singapore 24 Jul 2018 54 arrested over social media gold trading scam said victims came from Hong Kong, mainland China, Singapore, Malaysia and Taiwan.

Beware of Ponzi-like gold scams. Always remember, caveat emptor (buyer beware) It is important for each one of us to do due diligence, in whatever endeavors we undertake. When it comes to precious metals investing, for example, you could not afford to think that just because the investment is sound, it follows that you can’t go wrong.

"The Singapore Freeport reputation is safe guarded with security protocols, political and regulatory stability which are pivotal in assuring SGPMX customers that their gold are in safe hands." "SGPMX program is the world's first physical precious metal exchange with peer to peer trading capabilities." Unscrupulous brokers, most of which are unregulated, perpetrate a variety of scams against individuals: Trading unfairly against customer orders – The broker may wait for the market to move significantly in the broker’s favor before executing the order. Charging egregious trading commissions, fees or spreads It is very common that scams like the Fintech Limited SCAM steal stock photos to make them look as testimonials on their services. But all they do is to paste a stock photo and make up a crappy story about how they became rich or got out of debt with this bogus robot. The surge in online scams have pushed up Singapore’s crime rates as authorities continue to urge the public to be wary of scams. Anti-scam Protip: If it’s too good to be true, it is. Look for deals only in Marketplaces like Taobao, Lazada and Qoo10, and only trust rigorously reviewed sellers. 19. Forex scams. Forex MLM is the new trend among youngsters as they target those who are eager to make fast money with little to no effort. Most common targets are Chinese high school, college or uni students. The promise is that they can make huge amounts of money in USD within a few trading sessions.

The surge in online scams have pushed up Singapore’s crime rates as authorities continue to urge the public to be wary of scams. Anti-scam Protip: If it’s too good to be true, it is. Look for deals only in Marketplaces like Taobao, Lazada and Qoo10, and only trust rigorously reviewed sellers.

I lodged a complaint with Singapore Police on 17th January regarding a gold jewellry scam executed by De Silva Jewellers situated in Tanglin Shopping Centre. Brief details are: I gave a large amount of 18k gold to De Silva, a mixture of White and yellow pieces, and asked him to melt them and remake two bangles, to my own design. "The Singapore Freeport reputation is safe guarded with security protocols, political and regulatory stability which are pivotal in assuring SGPMX customers that their gold are in safe hands." "SGPMX program is the world's first physical precious metal exchange with peer to peer trading capabilities." Unscrupulous brokers, most of which are unregulated, perpetrate a variety of scams against individuals: Trading unfairly against customer orders – The broker may wait for the market to move significantly in the broker’s favor before executing the order. Charging egregious trading commissions, fees or spreads

6 Oct 2012 Clear explanation on why Genneva Gold is indeed a scam. Genneva Gold raided by both the authorities in Malaysia and Singapore for For a typical trading company, the more customers; the more goods trade out, the 

The Gold Bullion Scam (How it happened) Investors were asked to invest in physical gold by purchasing the gold from the Gold buy-back scheme company at a discounted price. The promise of return was two percent of the buying price-per-month. The companies pledged to buy back the gold at the original price despite the fluctuating market price Beware of Ponzi-like gold scams. Always remember, caveat emptor (buyer beware) It is important for each one of us to do due diligence, in whatever endeavors we undertake. When it comes to precious metals investing, for example, you could not afford to think that just because the investment is sound, it follows that you can’t go wrong. Hong Kong’s biggest ever gold bullion trading scam: elderly investor swindled out of US$74 million The syndicate duped a total of seven investors from various countries, using cold calls and With a GDP per capita of $87,000, Singapore is likely to be one of the world’s most targeted places for scammers looking to earn a quick buck.. A scam can take place anywhere to anyone. You could be scamed in your home by illegal durian sellers, or when you shop online on e-commerce sites like Carousell.. Both the young and the elderly can become victims of scams but more often than not, the

Unscrupulous brokers, most of which are unregulated, perpetrate a variety of scams against individuals: Trading unfairly against customer orders – The broker may wait for the market to move significantly in the broker’s favor before executing the order. Charging egregious trading commissions, fees or spreads

MGC Token (More Gold Coin). N/A Offering of digital currencies to Malaysians and facilitating the trading of digital 60 Tg Katong Rd, Payar Lebar Square, Singapore 409051 Misuse of SC's name in a possible fraud/ unlicensed scheme 

30 Jun 2019 of people lost their hard-earned savings in IMA Jewels scam Muslims and the returns were from profits through trading in gold, not interest,  MGC Token (More Gold Coin). N/A Offering of digital currencies to Malaysians and facilitating the trading of digital 60 Tg Katong Rd, Payar Lebar Square, Singapore 409051 Misuse of SC's name in a possible fraud/ unlicensed scheme  6 Oct 2012 Clear explanation on why Genneva Gold is indeed a scam. Genneva Gold raided by both the authorities in Malaysia and Singapore for For a typical trading company, the more customers; the more goods trade out, the  20 Feb 2015 If you're a job seeker you already know that there exist plenty of scammers posing as employers in hopes of either stealing your identity, or 19 Feb 2011 Information on The Gold Label isn't widely available; its Singapore Its website says it has a 'proprietary trading platform' which enables it to  1.3 Gold Guarantee Scam. Source: btinvest.com. In 2012, a similar gold buyback scheme by a Singapore based company, Gold Guarantee had scammed hundreds of investors. Gold Guarantee sells gold to customers and lured them by offering discounts. When the date of the contract is up, customers have the choice of selling the gold back to the company SINGAPORE - Three people have been arrested for their involvement in a multimillion-dollar gold investment scam. In a statement on Friday (Jan 25), the Singapore Police Force (SPF) said that the