Many people are getting the offer from Diamond Access Inc., New York, U.S.A.
Their website reference is given above. At first glance one will have at the website and understand that it looks like unprofessional website created in haste or I rather say scammers. A company dealing in millions of US dollars would never have such low quality website. Besides the contact numbers on their website are not US, but China.
Well this company claims to be in New York, but is registered in Delaware state. One guess could be this is just a P.O.Box operational address and not a real business address.
They will float a contract which mentions a specimen buyer John Doe Company, Barcelona, Spain. The sellers names are uncertain, but Franklyn Smith, Jesse Waldo and others names might appear. Who cares, scammers can use millions of names.
The catch in this contract is EUROCLEAR TRANSACTION. Someone might fool with this new facility of payment. EUROCLEAR.
BEWARE!!!!!! If you visit EUROCLEAR with such contracts they will kick you out of their office or call the police.
EUROCLEAR does not entertain any gold or diamond commodity transactions and besides beware of this new scammer on internet.
A U.S. Senate Special Committee on Aging staff report “conservatively estimated that more than 10,000 Americans have been victimized through [precious metals] schemes, with losses around $300 million”
Author: Dorothy Kosich
Posted: Thursday , 01 May 2014
RENO (MINEWEB) -
Precious metals fraud remains the sixth-most significant form of financial fraud in the United States, says the Enforcement Section Committee of the North American Securities Administrators Association (NAASA).
During a hearing of the Senate Special Committee on Aging Wednesday, ranking committee member U.S. Sen. Susan Collins, R-Maine, said, “It is indeed a sad commentary on human nature that the cruelty of the scammers who target our nation’s elderly seems limited only by their creativity – and never by their conscience.”
“Today’s hearing focuses on a particularly appalling scam – the so-called ‘sale’ of precious metals to seniors, who are eager to avoid the dangers of the stock market, trying to find a safe haven for their life savings, seeking to protect their financial independence, and wanting to pass some portion of their nest egg along to their children and grandchildren,” Collins observed. “I say so-called ‘sale’ because, as we have discovered in our investigation, a key feature of this scam is to get the customer to pay real money for a fiction – gold, silver, platinum, or palladium – that the scammer never delivers, and often doesn’t even own.”
Committee Chairman Sen. Bill Nelson, D-Florida, observed, “We’re here to spotlight the worst practices in an industry that has run amok and largely remain in the shadows. …Clearly, whenever there’s money to be made, you can bet unscrupulous individuals will soon follow. And that’s what happened in this industry.”
The committee staff report, Exploring the Perils of the Precious Metals Market, estimated that “more than 10,000 Americans have been victimized through these schemes with losses around $300 million”.
An example of a typical leverage transaction is contained in the report: A customer buys $10,000 worth of gold through a leveraged transaction. He covers 20% of the cost, by putting down $2,000. The retaining precious metals company finances the remaining $8.000, charging the customer 9.5% interest, or $760 annually.
The firm also charges the customer a 15% commission, totaling $1,500 in addition to $200 in other fees. “Interest payments aside, the customer is already out $3,700 from the start. If the value of the gold drops below the value of the loan plus interest ($8,760), the metal is automatically liquidated and the customer loses that $3,700 with no gold to show for it,” says the report.
Former IBM physicist Joe Melomo told the Senate Committee, “I consider myself a savvy businessman and investor, and yet I sit here today having lost more than $170,000 investing in what I know now was a precious metals scam.”
Although he was on the federal Do Not Call registry, Melomo received a call from American Precious Metals. The company kept calling and urged him to invest more money than his original investment. “I paid American Precious Metals just under $170,000 and they charged me approximately $165,000 in administrative fees and $37,000 in interest charges,” he recalled. “With the help of an attorney, I was only able to get back $25,000.”
An 82-year-old retiree lost $52,000 when she invested in silver on leverage. She sold her personal effects and used $41,000 from her IRA annuity to buy 600 ounces of silver. Within two months, she was told she had to send in an additional $10,000 to cover the decline in value of silver. After she told the precious metals firm she didn’t have the money to invest any more in silver, her account was liquidated. Eventually, she was able to recover about $13,000 through a settlement agreement with the company, said the committee report.
The Federal Trade Commission has formally charged three precious metals firms, all based in Florida, with breaking the law. The three complaints filed by the agency claim a total of $56 million was lost by consumers. Two of these cases have been settled and the defendants were required to pay a combined total of $32.6 million.
The Commodity Futures Trading Commission (CFTC) has filed 22 complaints against individuals and companies that lost over $193 million of their customers’ money. Last year, the CFTC settled charges against Atlantic Bullion & Coin when at least 237 investors nationwide were led to believe that they had purchased silver bullion, but no silver bullion was purchased by the company. The defendants settled to pay $11.53 million in restitution and $23 million in civil penalties. The owner was sentenced to nearly 20 years in prison due to fraud.
Between 2009 and 2011, the clients and creditors of seven Florida-based precious metals businesses claimed losses of more than $54 million. Working with federal regulators, the Florida Office of Financial Regulation helped recoup more than $10.3 million for the victims.
Minnesota, Texas and North Carolina have gotten stricter on retail precious metals companies, says the report.
Local officials in Santa Monica, California, “have pursued several coin dealers for deceiving or buying their customers, including Goldline International, Superior Gold Group, and Merit Financial,” says the report. “The companies were either forced to shut down or change their business practices.”
One North Carolina scam artist used Craigslist to steal thousands of dollars from people interested in buying gold despite the seller being served with a cease-and-desist order from the state.
The CFTC had found that an overwhelming number of victims of precious metals fraud are seniors. Potential customers skew toward older Americans who are more likely to have a greater amount of equity built up in their retirement and savings accounts than younger Americans.
“These precious metals dealers thrived on the haze that clouds the industry in secrecy,” says the report. Some reforms, such as the Dodd-Frank Act have led to “greater oversight and insight into this ever-evolving industry. Still, more may be need to be done to reduce gaps in oversight and improve consumer protection.”
“Above all, consumers should be wary of any offer requiring them to ‘act fast’,” the report concludes.
Suleman Maknojioa was spared jail after court heard his family relied on him
He was this week found guilty of abusing 11-year-old over nine-month period
Protests against the ruling were led by the Muslim Women’s Network
‘We need to be first to speak out,’ says network’s chairman Shaista Gohir
‘Unduly lenient’: Suleman Maknojioa was given a 40-week suspended sentence after his defence argued that his wife couldn’t speak English
The suspended sentence handed to a Koran teacher who sexually abused an 11-year-old girl will be reviewed by the Attorney General after protests from Muslim women’s groups.
Suleman Maknojioa from Blackburn was given a 40-week suspended sentence for abusing the girl, after his defence argued that his wife couldn’t speak English and the household was dependent on him.
But that decision will now be looked at again after dozens of people complained to the Attorney General’s office. The Crown Prosecution Service could then send the case to the court of appeal to be reconsidered.
The abuse took place over a nine-month period when Maknojioa, a respected Islamic scholar, was giving the victim and her two brothers Koran lessons at their home three times a week.
Preston Crown Court heard that Maknojia repeatedly rubbed the girl’s legs and reached under her headscarf to touch her chest as she recited the holy book.
On the day he was arrested he was due to teach 30 children at a mosque near his home in Blackburn. He was subsequently found guilty of five counts of sexually touching a child and sentenced to 20 weeks jail.
But a judge chose to suspend the sentence for two years after the court heard his family were dependent on him and he is ill with kidney problems.
After the sentence was handed down on Monday friend of the victim’s family immediately dubbed is a ‘total disgrace’.
‘What type of message does this send out to paedophiles? He should be behind bars for this type of abuse. We are all horrified,’ said the friend, who asked not to be named.
Islamic teacher who sexually abused girl, 11, as he taught her the Koran spared jail because his wife doesn’t speak English
Muslim teacher ‘put his hand under the folds of a young girl’s headscarf and touched her sexually as he taught her and her brother how to pray’
Troupe of topless Femen protesters get dragged kicking and screaming out of Berlin’s Islamic Week meeting after covering themselves in anti-Islam messages
Now a spokesman for the Attorney General’s office has said that following an outpouring of complaints about Maknojia’s sentence officials would look again at the decision.
‘We received around 50 requests to review the sentence of Suleman Maknojioa,’ the spokesman said.
‘The CPS will look at the case and sentencing remarks of the judge and decide if it should be referred to the court of appeal.’
Suleman Makhojioa outside Preston Crown Court where he was given a 40 week custodial sentence suspended for two years
A court heard that Maknojia repeatedly rubbed the girl’s legs and reached under her headscarf to touch her chest as she recited the Koran
Pervert: Preston Crown Court heard that Maknojia over a nine-month period repeatedly rubbed an 11-year-old girl’s legs and reached under her headscarf to touch her chest as he taught her and her brothers the Koran
The protests were spearheaded by the Muslim Women’s Network UK who wrote a letter to the Attorney General expressing their outrage at the decision and calling for it to be reviewed.
Shaista Gohir, chairman of the network, said she welcomed the decision.
She said: ‘Such unduly lenient sentences damage the public confidence. Victims of sexual abuse within the Muslim community find it very difficult to speak out, especially if the perpetrator is a religious teacher as they are held in such high esteem.
‘What we often find what happens is that there is a tendency to blame the victim. This was the case in Blackburn and his lenient sentence fed into that.
‘There needs to be stiffer sentences in cases of sexual abuse to send out a message that abuse will not be tolerated.
‘Often the community can be part of the problem because we prioritise the honour of the community over the welfare of the victim.
‘We need to be the first to speak out.’
KIEV: It is by now a well-established pattern. Armed, masked men in their 20s to 40s storm a public building of high symbolic value in a city somewhere in eastern Ukraine, evict anyone still there, seize weapons and ammunition, throw up barricades and proclaim themselves the rulers of a “people’s republic.” It is not clear who is in charge or how the militias are organized but the pattern is of a well organised military. That military is none other than the Russian army in disguise.
Through such tactics, a few thousand pro-Russian militants have seized buildings in about a dozen cities, effectively establishing control over much of an industrial region of about 6.5 million nestled against the Russian border.
Day by day, in the areas surrounding the cities of Donetsk and Luhansk, pro-Russian forces have defied all efforts by the central government to re-establish its authority, and on Wednesday, Ukraine’s acting president conceded what had long been obvious: The government’s police and security officials had lost control.
“Inactivity, helplessness and even criminal betrayal” plague the security forces, the acting leader, Oleksandr V Turchynov, told a meeting of regional governors in Kiev. “It is hard to accept but it’s the truth. The majority of law enforcers in the east are incapable of performing their duties.”
With Turchynov’s acknowledgment that a significant chunk of the country had slipped from the government’s grasp, the long-simmering conflict in Ukraine seemed to enter a new and more dangerous phase. Whether that amounts to the lasting dismemberment of Ukraine or hands control of the east to Russia and its president Vladimir Putin were among the many questions left unanswered after Turchynov delivered his stark assessment.
Whatever the long-term effects, the militants’ seizure of symbolic buildings in cities throughout the country’s southeast is serving what analysts in Russia and the West say is Putin’s short-term goal of so disrupting normal life there that the pro-Russian separatists’ plans for a May 11 vote on autonomy from Kiev could trump Ukraine’s plans to hold a presidential election two weeks later.
While Russia denies any role in stirring the unrest, Secretary of State John Kerry and others have flatly accused the Kremlin of sending operatives to the region to organize, equip and direct the Ukrainians who make up the pro-Russian militias.
The presence of 40,000 Russian troops just over the border is also contributing to the instability, particularly as Russia has warned repeatedly that it will intervene in Ukraine if the safety of the ethnic Russians there is threatened, a sweeping claim that could justify an incursion at almost any time.
But so far that has not been necessary. Through stealth and misdirection, and in defiance of Western sanctions, Russia has managed to achieve its immediate goal of what Western and Ukrainian officials believe is rendering Ukraine so chaotic that it cannot guarantee order, mend its teetering economy or elect new leaders to replace Turchynov and the acting government installed after the pro-Russian president, Victor F. Yanukovych, fled in February.
“Until May 25,” when the presidential vote is scheduled, “is unfortunately still a lot of time,” said Olga Aivazovska, a co-founder of Opora, an independent election monitoring and polling group. Whether a vote will take place — and how valid it could be if parts of the east do not take part — “is a big puzzle,” she said.
Days after imposing new sanctions on Russia, US President Barack Obama announced that he would travel to Poland in June to reassure Eastern Europeans nervous about Moscow’s aggression. The Poland stop will be added to a previously scheduled trip to Normandy to mark the anniversary of D-Day and to Brussels to meet with other members of the Group of 8, reconstituting it as the Group of 7 now that Russia has been suspended.
But none of that is expected to deter the militants. Since April 6, they have been smashing their way into local offices and hastily erecting barricades outside, wearing uniforms without insignias. The latest to fall was Horlivka, where on Wednesday armed men appeared at the City Council building and began checking the documents of anyone entering.
In Donetsk, a tough mining city, the militants say they will conduct a referendum on May 11, and other cities under separatist control are expected to follow suit. Gunmen in Luhansk seized control of that city’s administration on Tuesday and declared their intent to join in.
To date, however, there are no voting offices, nor have any ballots been distributed. They have not even decided what question they want to put before voters.
Nevertheless, the buildings now seized could serve the effort. A sample ballot reported in the Russian news media suggested voters would be asked whether they support a declaration of independence for the “People’s Republic.” There was no mention of joining Russia.
Although Russian is widely spoken in the east, which abuts Russia, credible opinion polls suggest that at most 20 percent of citizens want to join their giant neighbor, Aivazovska said.
For Putin, the disruption ensures that Ukraine cannot firmly join the West by becoming a member of Nato or the European Union. That would comport with his strategy in Georgia and Moldova, where Russian troops occupy small sections of the country, with Moscow leaving the status of the enclaves up in the air, neither leaving nor claiming them as Russian territory.
After five months of violence and revolution, Aivazovska said, nerves are jangled. “You go to bed at night not knowing whether you will wake up in a different country,” she added, echoing almost word for word a leading writer, Oksana Zabuzhko, interviewed two days earlier.
In some ways, the situation seems no more certain for Putin. As leaders in Serbia and Croatia discovered during the Balkan wars in the 1990s, once guns, money and a little importance are doled out to locals charged with unsettling their territory, the militants can slip from their supporters’ grasp.
In Slovyansk, the eastern Ukrainian town where the armed men are most firmly in control, local militia leaders say they now hold about 40 people, including seven Europeans in a German-led military observer mission captured last Friday. They were paraded before cameras Sunday, much as scores of United Nations peacekeepers captured by Bosnian Serbs in 1995 were filmed chained to bridges.
Putin, who values relations with Germany, where he was once a K.G.B. officer, hinted early Wednesday that the observers could be freed. The self-appointed mayor of Slovyansk responded via the website of Bild, Germany’s top-selling newspaper: “We have had no contact with Moscow yet, and here we don’t obey Putin but the People’s Republic of Donetsk.”
On top of nerves, Ukraine’s economy is worryingly frail. The board of the International Monetary Fund voted Wednesday to approve $17 billion in loans for Ukraine, with conditions that will undoubtedly be felt as hardships by ordinary Ukrainians. Igor Burakovsky, head of the Institute for Economic Research and Policy Consulting, said on Wednesday that Ukraine’s foreign debt amounts to $73.2 billion.
This includes several billion dollars — the exact amount is fiercely disputed — owed for deliveries of Russian natural gas on which Ukraine depends each winter, and which passes through its territory to European clients of the Russian gas concern Gazprom.
Unlike some of the militants now strutting Ukraine’s east, or other friends of Putin, the head of Gazprom, Alexei Miller, was not sanctioned this week by the United States or the 28-nation European Union, where at least 10 former Soviet bloc countries depend wholly or largely on Russian gas for heat and power.
Much is being rethought in Europe after Putin’s annexation of Crimea and continuing intervention in Ukraine. This week, Slovakia undertook to supply Ukraine with some natural gas.
For writers, said Zabuzhko, the events of the last five months have pushed on her and fellow authors the duty of serving as a secular moral authority in the absence of credible politicians. “I have a new profession,” she said, “for which I was not applying.” Ukrainians, she added, “are searching for stability and hope — they want a glimpse of hope.
The recording Secretary, or whoever does the cross-examining, says to a soul: Where are you from ?
ME- I am from Earth.
What kind of a man were you ?
ME- Well, I don’t like to talk about myself. I suppose you can tell by looking at your books.
No Sir, you must tell what kind of a man you were.
ME- Well, I was what you might call a first-rate fellow. I loved my wife and children. My home was my heaven. My fireside was a paradise to me. To sit there and see the lights and shadows fall upon the faces of those I loved, was to me a perfect joy.
How did you treat your family ?
ME- I never said unkind word. I never caused my wife, nor my children a moments pain. I did not owe anyone anything when I died and I left enough for my funeral expenses, and to keep the fierce wolf of want from the door of those I loved.
Did you belong to any church ?
ME – No, sir. They were too narrow, pinched and bigoted for me, I never thought that I could be very happy if other folks were damned.
Did you believe in eternal punishment?
ME- No. I always thought that G-d could get his revenge in far less time.
Did you believe in rib story?
ME – Do you mean the Adam & Ewe business ? lol hahahah
Yes! Did you believe that ?
ME – To tell you the G-ds truth, that was just a little more than I could swallow. I thought it was bullshit at its best. heheheh
AWAY WITH HIM TO HELL!!!!!!!!
Where are you from ?
Christian – I am from the Earth too.
Did you belong to any church?
Christian – Yes, sir, and to the YMCA too besides.
What was your business ?
Christian – Cashier in a savings Banks.
Did you ever run away with any money ?
Christian – Where I came from, a witness could not be compelled to criminate himself.
The law is different here.Answer the question. Did you run away with money?
Christian – Yes, sir.
How much ?
Christian – $ 100000
Did you take anything else with you ?
Christian – YES, SIR.
Well, what else ?
Christian – I took my neighbor’s wife-we sang together in the choir.
Did you have a wife and children of your own ?
Christian – Yes, sir.
And you deserted them?
Christian – Yes, sir, but such was my confidence in God that I believed he would take care of them.
Have you heard of them since ?
Christian – No, sir.
Did you believe in the rib story?
Christian – Bless your soul, of course I did. A thousand time I regretted that there were no harder stories in the Bible, so that I could have shown my wealth of faith in God.
Do you believe the rib story yet ?
Christian – Yes, with all my heart.
GIVE HIM A HARP.