Friday, November 25, 2011
GMI SCAM IN PAKISTAN (GOLDMINE INTERNATIONAL)
Ponzi Schemes:
Named after Charles Ponzi, who ran such a plot from 1919-1920, the Ponzi scheme is a fraudulent investment plan. It is not necessarily a pyramid, which is hierarchical. In a Ponzi scheme, there is one person who takes people's money as an "investment" and does not necessarily tell them how their returns will be generated. As such, the people's return on investment could be generated by anything; it could come from money taken from new investors - which means new investors essentially pay off the old investors.
Named after Charles Ponzi, who ran such a plot from 1919-1920, the Ponzi scheme is a fraudulent investment plan. It is not necessarily a pyramid, which is hierarchical. In a Ponzi scheme, there is one person who takes people's money as an "investment" and does not necessarily tell them how their returns will be generated. As such, the people's return on investment could be generated by anything; it could come from money taken from new investors - which means new investors essentially pay off the old investors.
A very prominent case in history of pyramid scheme was launched by Gerald Payne in USA in 1993 details are as follows:
Founded: Circa 1993
Headquarters: Tampa, Florida
Leader: Gerald Payne
Background: Greater Ministries has run a nearly half-billion dollar pyramid scheme
Outreach: Seminars, mail and web-based solicitations
Ideology: Anti-government, conservative Christian, some white supremacist elements
Number swindled: Around 18,000
Source : (www.adl.org/Learn/ext_us/GMI.asp?LEARN_Cat=Extremism&LEARN_SubCat=Extremism_in_America&xpicked=3&item=gmi)
(Source www.alexa.com)
When we contacted to the government of Norway ,we collected enough proofs to prove our points.We sent an email to an high official in Norway concerning GMI legitimacy .In response they said that they have many registered complaints against GMI and they also warned us not to make any business deal with them.
GMI REGISTRATION AT NORWEGIAN EMBASSY :
GMI claims that they are registered at Norwegian embassy.Be sure that they are not registered and GMI also shows a fake certificate of registration on its website .This issue has been published on Norwegian embassy site.
FIGHT BETWEEN GMI OFFICIAL AND A WISEMAN:
We found an online fight of GMI official and a wiseman.For more info visit below.
http://www.onelebanon.com/forum/showthread.php?t=29119
LAST BUT NOT THE LEAST:
We are working more and more on this scam company and we are also trying to reveal the name of those people who are involved in this company in Pakistan.Till then we beg every Pakistani that please do not invest in this scam company .If we would be able to save a single penny of our brothers then we will assume that our hard work has given good results.
OPEN CHALLENGE TO GMI:
Founded: Circa 1993
Headquarters: Tampa, Florida
Leader: Gerald Payne
Background: Greater Ministries has run a nearly half-billion dollar pyramid scheme
Outreach: Seminars, mail and web-based solicitations
Ideology: Anti-government, conservative Christian, some white supremacist elements
Number swindled: Around 18,000
Source : (www.adl.org/Learn/ext_us/GMI.asp?LEARN_Cat=Extremism&LEARN_SubCat=Extremism_in_America&xpicked=3&item=gmi)
STATISTICAL DATA OF WWW.GOLDMINEINT.COM :
Goldmineint.com users come from these countries:
Pakistan 82.1% THE HIGHEST TRAFFIC IS FROM PAKISTAN
India8.2%
United States2.3%
Qatar1.3%
Other countries6.0%
Goldmineint.com traffic rank in other countries:
Pakistan1,496
Qatar11,030
India156,134
United States1,298,924
(Source www.alexa.com)
When we contacted to the government of Norway ,we collected enough proofs to prove our points.We sent an email to an high official in Norway concerning GMI legitimacy .In response they said that they have many registered complaints against GMI and they also warned us not to make any business deal with them.
GMI REGISTRATION AT NORWEGIAN EMBASSY :
GMI claims that they are registered at Norwegian embassy.Be sure that they are not registered and GMI also shows a fake certificate of registration on its website .This issue has been published on Norwegian embassy site.
FIGHT BETWEEN GMI OFFICIAL AND A WISEMAN:
We found an online fight of GMI official and a wiseman.For more info visit below.
http://www.onelebanon.com/forum/showthread.php?t=29119
LAST BUT NOT THE LEAST:
We are working more and more on this scam company and we are also trying to reveal the name of those people who are involved in this company in Pakistan.Till then we beg every Pakistani that please do not invest in this scam company .If we would be able to save a single penny of our brothers then we will assume that our hard work has given good results.
OPEN CHALLENGE TO GMI:
If GMI officials still think that they are doing a legal business in Pakistan than it is our open challenge to them that they should come on this blog and express their views.Although if they think people in the third world countries are stupid, then they are wrong .In the meanwhile we are also working with a local law enforcing agency to investigate the transactions made by GMI in Pakistan and INSHALLAH the GMI officials in Pakistan will be apprehended.
OUR PROMISE TO OUR NATION :
We promise every Pakistani that until we the "SCAM BUSTERS" are alive till our last breath we will save our people from these scam companies.So far we have busted many scams in Pakistan and now it's GMI's turn.
GOLDMINE INTERNATIONAL (GMI) FRAUD ON PEAK
Goldmine International, which is a fraud company, currently operating in Pakistan, is involved in explicit money laundering. It came to our knowledge that what they charge you,that is $60, at the inception is not kept in any bank instead they keep it in a safe at their offices at different locations in Karachi. This must be kept in mind that a legit business organization must have business account in order to perform any transactions. It would be really appreciable if the government look into this matter immediately, otherwise the people of Pakistan would be loosing their valuable earnings as they did before by investing in Golden Key International, Biznaz and other scamming ventures.
Below is the link a detail insight about these type of scamming companies and how they attract investors at their presentations. AN interesting fact on page 8 Goldmine International is listed as a fraudulent company.
http://www.ftc.gov/os/comments/bizoprevised/comments/535221-00006.pdf
Below is the link a detail insight about these type of scamming companies and how they attract investors at their presentations. AN interesting fact on page 8 Goldmine International is listed as a fraudulent company.
http://www.ftc.gov/os/comments/bizoprevised/comments/535221-00006.pdf
GOLDMINE INTERNATIONAL MULTI BILLION DOLLAR SCAM
We came to know an interesting fact about Goldmine International.
On an average 5000 investors are trapped at each office of Goldmine International in Karachi. The offices are more than 25 in number and are located at different areas in the city . The interesting fact is that the innocent investors are still unable to make their left and right , which is a requirement to make profit, it means that people are unable to recruit two new members in their chain. The investors say that they are responsible for this because they are unable to do the work, which is absolutely false, since the scheme is so fraudulent that if a member is trapped and he tries to recruit two new members he is not able to do so, because the scheme is not providing any backup for the so called investor.
Now look at the interesting calculation:
5000 investors at each office
25 no of offices in Karachi
4800 or $60 amount invested at the beginning
Now we will multiply above three figures in order to calculate the total amount trapped by this fraud company:
5000 x 25 x 4800 = 600 000 000 (600 million rupees).
600 million rupees have been trapped uptil now from innocent Pakistanis and this figure is continuously increasing.
But this isn't the only fact , this scam company has no business bank account in Pakistan, since they say their head office is in Norway, although Norwegian embassy has refused to have any business link with this company, the company do not perform any transaction between Pakistan and Norway. The amount collected everyday is sent to a secret safe by Goldmine International, it means that they are also involved in money laundering. The post will be continued with strong proofs......
On an average 5000 investors are trapped at each office of Goldmine International in Karachi. The offices are more than 25 in number and are located at different areas in the city . The interesting fact is that the innocent investors are still unable to make their left and right , which is a requirement to make profit, it means that people are unable to recruit two new members in their chain. The investors say that they are responsible for this because they are unable to do the work, which is absolutely false, since the scheme is so fraudulent that if a member is trapped and he tries to recruit two new members he is not able to do so, because the scheme is not providing any backup for the so called investor.
Now look at the interesting calculation:
5000 investors at each office
25 no of offices in Karachi
4800 or $60 amount invested at the beginning
Now we will multiply above three figures in order to calculate the total amount trapped by this fraud company:
5000 x 25 x 4800 = 600 000 000 (600 million rupees).
600 million rupees have been trapped uptil now from innocent Pakistanis and this figure is continuously increasing.
But this isn't the only fact , this scam company has no business bank account in Pakistan, since they say their head office is in Norway, although Norwegian embassy has refused to have any business link with this company, the company do not perform any transaction between Pakistan and Norway. The amount collected everyday is sent to a secret safe by Goldmine International, it means that they are also involved in money laundering. The post will be continued with strong proofs......
Goldmine International Fraud Cloud
To GMI investor,
uff yar tum se kia koi bat kare tumne shayad kasam khai howi hai naa manney ki ..ye sub cheezain jo tumne linked kin hai wo maine GMI mai ane se phele dekh chuka ho ..or jo tumne kaha ke neeche wale kuch nahi kamate tou jab mere bhai ne join kiya tha wo bhi aisa he tha .. abb koi kam na kare tou na mai kuch kar sakta ho na company ,... tht wht company says my sucess depends on my own effort. which is 100 % right .. wese tumhain ye sub batane ke faida nahi hai mujhe pata hai tum nahi maanney wale untill tum mujh se face to face bat karo .. khair bhai apna kaam karo jo tum kar rahe ho i mean company ko badnaam karo is ka ajar mile ga tumhain inshallah ... wasalam Altaf Hashmi.
No matter how large the model becomes before collapse, approximately 88% of all people will lose.
No matter how large the model becomes before collapse, approximately 88% of all people will lose.
If GMI is not a SCAM please answer........
We (Waqas Anjum) have received so many comments regarding the authenticity of the biggest SCAM which is GMI. It's our open challenge to all the current GMI investors and GMI officials that if they would be able to answer these simple questions with solid proofs the next day we (Waqas Anjum) will back off from blogging against GMI. Following are some questions :-
Q1. GMI says "We are registered at Chamber of Commerce" if this is true GMI must provide a proof of their registration?
Q2. GMI has to provide a report which must include the following points :
1. Details of the taxes they have paid to the govt.
2. Annual earnings and payments disbursed to the investors.
3. Annual expenditures.
4. Company's market value.
5. An audit report.
6. The report should be from the time when the company started in Pakistan.
Q3. The GMI must provide the details of its transactions in Pakistan, this must include the name of the bank in which GMI has a Business Bank Account.
Q4. If GMI has its headquarters in Norway then it should provide money transaction statement from Pakistan to Norway.
Q5. Details of the main officials of GMI, the details must include name, designation, addresses.
Q6. GMI must provide a certificate of relation with Norway, this certificate should be verified by the Norwegian Embassy in Pakistan.
These are only a few questions that we have asked but if GMI is a legal company then it should also answer the questions we'll ask in future.
For the people, who are, with or against GMI they should know the scamming tactics of this company. For example they support the company's legal standing by saying we have a Verisign certificate (bloody hell), my innocent brothers Verisign only ensures safe online transactions it is not a proof that the company is legal or doing legal business (to be contd...)
Q1. GMI says "We are registered at Chamber of Commerce" if this is true GMI must provide a proof of their registration?
Q2. GMI has to provide a report which must include the following points :
1. Details of the taxes they have paid to the govt.
2. Annual earnings and payments disbursed to the investors.
3. Annual expenditures.
4. Company's market value.
5. An audit report.
6. The report should be from the time when the company started in Pakistan.
Q3. The GMI must provide the details of its transactions in Pakistan, this must include the name of the bank in which GMI has a Business Bank Account.
Q4. If GMI has its headquarters in Norway then it should provide money transaction statement from Pakistan to Norway.
Q5. Details of the main officials of GMI, the details must include name, designation, addresses.
Q6. GMI must provide a certificate of relation with Norway, this certificate should be verified by the Norwegian Embassy in Pakistan.
These are only a few questions that we have asked but if GMI is a legal company then it should also answer the questions we'll ask in future.
For the people, who are, with or against GMI they should know the scamming tactics of this company. For example they support the company's legal standing by saying we have a Verisign certificate (bloody hell), my innocent brothers Verisign only ensures safe online transactions it is not a proof that the company is legal or doing legal business (to be contd...)
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