Our Skype contact for gold trade deals: goldrefinery

FIRST and very important indication of the scam is when a person claims to be a mandate for gold trade deal, but does not have a proper legal presentation. Mandate in gold trade deals, do not need to reveal at the beginning stage for whom they work, but they still need to have a proper legal representation. This may be shown by notarized document or other document, showing that person is properly representing a party without revealing immediately the seller's name.

Our company does not work with persons without proper documentation. I mean, if you tell us, you are "mandate", so be ready to prove that, as we will certainly ask you for due diligence.

We are skilled in quickly finding the due diligence of your company, so if you tell us, you represent CAPITAL MANAGEMENT COMPANY of Singapore, and your name is Mohamed Rashid Ramlee, so be faced with the fact that we are going to find out if that company exist or not.

So, Mr. "Mohamed Rashid Ramlee" claimed to have a following pretty unbelievable offer on June 16th, 2012.
Bullion gold bars, hallmarked by Valcambi, Switzerland;
2000 metric tons of gold below 5 years;
5000 metric tons of gold above 10 years;
Valcambi of Switzerland, produces about 1000 tons per year, making it now about 25% of the world gold production.
And this guy, without proper authorization document, and without proper representation as a company, has come up with 7 years of the total Valcambi production by Skype?? Does that make any sense?
Mr. Mohamed Rashid Ramlee has offered following procedure to buy this gold:
1) Buyer/Mandate send official LOI
2) Seller/Mandate send official FCO with swiss procedures with Buyer/Mandate agreed and signed
3) Seller/Mandate will email draft contracT for Buyer/Mandate to revise and sign
4) Both parties Lodge/Submit signed contract to their respective Bank
5) All releveant document the SKR/POP/Certificate ownership/certificate origin/Certifcate Essay report/Export licence/ Buyer BCL/POF etc. will be under their respective authorize bank representative clarification.All this will take within 72 hours
6) Once proved as according to the contract procedures Seller Bank will send an invitation to their office with official letter to the Principle Buyer for TTM / Face to face to process the transaction accordingly.

His offer has been made in this manner, by Skype, and it does not really sounds serious to me. I asked him, if he can tell me what is his company. He said, his company is CAPITAL MANAGEMENT GROUP registered in Singapore.
However, CAPITAL MANAGEMENT GROUP does not exist in Singapore. On question to tell me the registration number, I mean would it be so hard, he did not know his registration number.

Singapore Company Registry check at http://www.acra.gov.sg/ did not reveal that company CAPITAL MANAGEMENT GROUP exist in Singapore at all.

But of course, just as numerous naive intermediaries without experience in gold buying, or gold selling, he was eager to state how he would like to get 1.5% commission from this gold deal. The amount of that commission on the gold deal of 7000 metric tons, would be aboe US $5,000,000.
And for the amount of US $5,000,000 in commission, one need way more than just another Skype contact, without phone number. One need at least honesty instead of telling me lies about his non-existing company.
I rather think that this guy is some kind of yet another naive and non-professional intermediary, who heard about the gold from another naive and non-professional intermediary, and that he lied about his company and having mandate document because he did not have any better information at hand. Nevertheless, the false legal representation in large precious metal offers is a financial fraud and has been reported as such to the authorities in Singapore.
Skype contact blocked, finished with this scammer, moving on to the next, hopefully, real deal.
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