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International Gold Bullion Exchange was a gold bullion dealer that committed major fraud during the early 1980s. International Gold Bullion Exchange was founded in 1979 by brothers William and James Alderdice. It grew to be reportedly the largest retail gold bullion dealer in the United States. [1]
Bre-X's gold resource at Busang was a massive fraud. [4] Encouraging gold values were intersected in many drill-holes and the project received a positive technical assessment by Kilborn. Crushed core samples that had been subjected to mineralogical examination by Bre-X's consultants turned out to have been falsified by salting with gold. [5]
Examples include the diamond hoax of 1872 and the Bre-X gold fraud of the mid-1990s. This trick was featured in the HBO series Deadwood, when Al Swearengen and E. B. Farnum trick Brom Garret into believing gold is to be found on the claim Swearengen intends to sell him. This con was also featured in Sneaky Pete.
In mineral exploration, salting is the fraudulent practice of adding valuable metals and gemstones, particularly gold or diamond, to ore samples from a mine to inflate the apparent value of the deposit.
In recent months, the company’s website was flooded with bad reviews from investors claiming Oxford Gold “stole my money” and “is a scam.” The company now appears to have shut down and ...
E-gold was a target of financial malware and phishing scams by criminal syndicates and was used for illegal activities. In December 2005, the Federal Bureau of Investigation (FBI) raided G&SR's offices, seizing files and hardware, as part of an investigation into e-gold's use in criminal activities.
Best practices • Don't enable the "use less secure apps" feature. • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money.
Gold smuggling was rampant in India until liberalisation, which repealed The Gold (Control) Act, 1968 that prohibited the import of gold except for jewellery. [4] In the 2011–12 period India's current account deficit burgeoned to 4.2% of its GDP. [5] This was due to high prices of oil and gold, which the country imports in huge volumes. [6]