Swissgolden Scammers Arrested
The Economic and Financial Crimes Commission (EFCC) has arrested Maxim Lobaty, a Russian and two Nigerians: Austin Emenike and Dickson Nonso Onuchukwu in Lagos. They were arrested for their participation in the Swissgolden scam. I know it is shocking to find out that a Russian is behind a company selling “Swiss” gold. I reported on the Swissgolden scam back in 2014.
The substantial returns promised by Swissgolden to investors are based exclusively on the recruitment of new investors. Investors have no incentive to sell Swissgolden’s purported product, gold bars. Instead, investor efforts are focused on the recruitment of new investors.
They are not offering you a business to run. They are offering you a Pyramid/Ponzi scheme to run on your friends and family.
Here are the details of the arrests:
EFCC Recovers N216m From “Swiss Golden”
The Economic and Financial Crimes Commission, EFCC, has recovered a total of N216,402,565.05 (Two Hundred and Sixteen Million, Four Hundred and Two Thousand, Five Hundred Sixty Naira, Five Kobo) only from Swiss Golden Investment, an online investment that purportedly deals in buying and selling of Gold Bars.
The recovery was sequel to a petition the Commission received from thousands of complainants who alleged that they invested in Swiss Golden Investment which was advertised as an online investment that deals with buying and selling of Gold Bars. The petitioner further alleged that after investing over a billion naira into the business, the company refused to pay them any dividend or pay them back their capital.
Upon receipt of the petition, the Commission invited the petitioners and they volunteered statements. Through intelligence, the Commission picked up one Maxim Lobaty, a Russian and two Nigerians: Austin Emenike and Dickson Nonso Onuchukwu in Lagos. The trio were subsequently conveyed to the Kano operational zone of the EFCC for further investigation.
Swiss Golden which is headquartered in Hong Kong was discovered through investigation to be a Ponzi scheme that was designed to defraud innocent victims of their hard earned money.
After being drilled at the Commission’s Kano Zonal Office, Maxim and his co-suspects consented to the refund of the investment. Subsequently, a total sum of N216, 402,565.05 (Two Hundred and Sixteen Million, Four Hundred and Two Thousand, Five Hundred Sixty Five Naira) only have now been recovered.
However, while the investigation was on going, it was discovered that, Swiss Golden Company Limited has defrauded over seven thousand Nigerians to the tune of over N3,000,000,000 (Three Billion Naira) only.
Investigation into the alleged fraud is still ongoing and all efforts are being made to recover the money involved and the alleged suspects be brought to justice.
– Source EFCC Facebook Page
Swissgolden Scam Conclusion
In my opinion, as an illegal Pyramid/Ponzi scheme, Swissgolden is destined to collapse. When it does collapse Swissgolden will be unable to purchase the gold to pay you for your investment and this will harm the vast majority of people that invest their money. Gold is just the cover for this scheme. Avoid the Swissgolden scam.