Goldfingr investment club is the return of the e-Bullion scam. Follow this article to get our insight into this scamming group in details.
Goldfingr is a member-only investment club that focuses on investments in digital material currency. Founded in 2014, this investment club is slowly climbing up the ladder as a top investment platform in Dubai.
Now if you are an investor or have been kept in touch with the news for a while. Then you might have already seen the pattern when we described Goldfingr. If not, their description and business model match a similar investment platform called e-Bullion.
e-Bullion was a digital currency site that involved investing money to buy gold. Investors can later use it as currency via their atm card. And for almost seven years this platform claimed to provide sophisticated options to invest in gold.
As gold’s market value had been on the rise, people were hooked on their web. And on that time a good part of investors on the platform was from the UAE, mainly from Dubai.
So, what was wrong with e-Bullion? Weren’t they just a sophisticated platform that used precious materials as currency?
Well, no. In 2008, a thorough investigation of the company was done by the FBI. It was found that e-Bullion or Goldfinger (that’s what they called their currency) wasn’t operating under certified rules of the gold trade.
They didn’t have any sort of license or proof of where they are getting their gold from. Investigators stated that they were operating as a money transmitter. This generated the owners millions of dollars. As they got the money via the fees from e-Bullion users’ transactions.
They weren’t gold dealers either. Because if you are a gold dealer you don’t buy and sell the gold. You buy the gold and keep a hold of it until the price increases for a profitable amount. If you buy and sell then there is no chance of getting any profits. And the owners Jim & Pamela Fayed were definitely rolling in money.
Jim later had orchestrated the murder of his own wife for the lust of money when he found out that the FBI is on their tail. The FBI was able to return around 10 million USD to the investors in the later years when the scammers were caught.
This tactic of e-Bullion or Goldfinger coins has risen again. This time in the form of Goldfingr investment club. This club follows the same business model that e-Bullion used almost 20 years ago. They have the gold coin currency system, but and sell policy; all down to the book.
Their marketing & sales staff are aggressive in their promotions. They try to attract small-time investors by showing the possibility of huge success in the future.
But this is nothing but a ruse. Because Goldfingr is the exact replica of e-Bullion. And people who are investing in this scam will end up the same as the people who lost their life’s work on Goldfinger.
So, to the people of New York, Dubai, London, Zürich, Singapore, Tel Aviv, Miami, San Juan, Tulum and the world, please be cautious and stay away from this group of scammers.