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Archive for the ‘Ghana Gold Dust Scam’ Category

OECD Due Diligence Guidance for
Responsible Supply Chains of
Minerals from Conflict-Affected and
High-Risk Areas
Final draft Supplement on Gold
v. 3.0

This Supplement on Gold forms an integral part of the OECD Due Diligence Guidance for Minerals from Conflict-Affected and High-Risk Areas. The Introductory section of the Guidance as well as Annex I (Five-Step Framework for Risk-Based Due Diligence in the Mineral Supply Chain), Annex II (Model Supply Chain Policy for a Responsible Global Supply Chain of Minerals from Conflict-Affected and High-Risk Areas) and Annex III (Suggested Measures for Risk Mitigation and Indicators for Measuring Improvement) applies to the Supplement on Gold. Therefore the term “Guidance” may be used throughout this Supplement to refer to both this Supplement on Gold as well as the OECD Due Diligence Guidance for Minerals from Conflict-Affected and High-Risk Areas.
This Supplement provides specific guidance on supply chain due diligence of gold from conflict-affected and high-risk areas according to the different positions of companies in the gold supply chain. It distinguishes between the roles of and the corresponding due diligence recommendations addressed to upstream companies and downstream companies in the supply chain (see Definitions), and includes, where necessary, specific recommendations to the specific actors within those two broad categories.Companies falling into these categories should carry out due diligence regardless of whether they own, lease or loan the gold.
This Supplement focuses on the steps companies should take to avoid contributing to conflict and serious abuses of human rights in the supply chain of gold potentially sourced from conflict-affected and high-risk areas. This Supplement includes due diligence measures to be taken on recycled/scrap or previously refined gold (“Recyclable Gold”) only insofar as recycled material is a potential means of laundering gold that has been mined in conflict-affected and high-risk areas in order to hide its origin. Gold investment products (ingots, bars, coins, and grain in sealed containers) held in bullion bank vaults, central bank vaults, exchanges and refineries with a “verifiable date”1 prior to 1 January 2012 will not require information on their origin (“Grandfathered Stocks”). However, gold investment products will require “Know Your Counterparty” due diligence to ensure the trade in Grandfathered stocks is not carried out in violation of international sanctions or does not enable money-laundering resulting from, or connected to, the sale of gold reserves in conflict-affected and high-risk areas.
In order to determine the applicability of this Supplement, all companies in the gold supply chain should carry out Step 1 (Establish strong company management systems) and begin Step 2 (Identify and assess risks in the supply chain) to determine whether they actually or potentially source gold from conflict-affected and high-risk areas. The remainder of the Steps in this Supplement will then only apply to companies sourcing gold from conflict-affected and high-risk areas and actors in the gold supply chain that operate in a conflict-affected or high-risk area………………kindly download the document for indepth information on the sameOECD Gold guidance supply chains 2012

**Please note Anil Machado’s blog or Anil Machado does not sell gold,diamonds or any other commodity. Incase if you received any private message or email claiming to be Anil Machado then beware its some scammer trying to use a different method to cheat you.

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We have uncovered a very famous scammer who claims to be from Guinea, West Africa and to be the former defence minister of the last dictator. He goes by the name of Diallo or Camara or Hamza. However, when we approached the Ministry of Defence in Guinea, we got a reply from them stating that this guy is a scammer. We also received a reply from African Union Chamber of Commerce that this group which is using the documents ( attached in this posting ) are scammers.

This scammer will call use a company name as COD-EXPORTS, the link of his company at Linkedin is as below

http://www.linkedin.com/pub/cod-exports-international/21/867/899

Please note such information on a networking portal anyone can generate and is not required any authentication by the website.

However, this scammer will call from his telephone several times in order to win your confidence. He will call you one day from Mali, other day from Togo and he will say he is very busy concluding deals and therefore calls you from different west African countries. He speaks English & French.

To convince you in paying upfront is his main task.

Given below are the excerpts of the email response.

Dear Sir /  we contacted the Ministry of Defence Guinea , the Minister confirmed that he never issued any contract for Gold, and that it is a scam, we therefore request that you send us the details of the suspect , as it is a gainst the Guinean Law, to pretend to be a Government Official. DO NOT PAY ANY FEES. In future for any deal concerning diamonds or gold, please contact the Safety & Security Department, they are representing legimitate suppliers of gold and diamonds,in Africa, which are members to the union.  
 
Sincerely
 
T.M. Kaurul
Director Security

 

 

**Please note Anil Machado’s blog or Anil Machado does not sell gold,diamonds or any other commodity. Incase if you received any private message or email claiming to be Anil Machado then beware its some scammer trying to use a different method to cheat you.

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**Please note Anil Machado's blog or Anil Machado does not sell gold,diamonds or any other commodity. Incase if you received any private message or email claiming to be Anil Machado then beware its some scammer trying to use a different method to cheat you.

We have come across a very reliable Gold dust scammer from Ghana. Apparently this company will respond to your posting on websites like Alibaba, India Mart, Metals world etc., The scammer will call you from scam telephone numbers several times in a day to follow-up on the transaction and this way win your confidence that they are real company. However, we requested certain documents from them and later we investigated those documents with PMMC only to get a reply from PMMC saying that all documents are fake and not to deal with this company. We are sure they rotating these attached documents with many people around the world and we would like to inform the Gold dust buyers to beware and not to send any advance payments or even to go to Ghana to meet these scammers.

I have used below some excerpts of the emails exchanged and also few names and telephone numbers the scammers have used.

----- Original Message -----
From: Nana Metals

Dear Jackie Jones,
 
Thank you so much for your co-operation,
I am sorry for the late responds due to working load in our mining operation in the village and I want to inform you that we are family local family from Tarkwa village of western region Accra-Ghana.
 
Our Partner Mr. Edmund has ask us to keep his identity secret for him so please due bear with us regarding his information but we can give you another of our regular buyer from Dubai whom is presently now in Ghana with us buying from us right now.
 
What we need from you is to help our family to source out mining equipment for our site and we are ready to sign Agreement with you for 12 month supply of Gold Bar.
 
We are only looking for long term partnership with buyer like you who will understand that we are serious to start co-operation with you for the first trail shipment of small quantity.
 
Kindly show your seriousness in doing business with us?
The Family of Chief Owusu is the Owner and the Director of the Gold Mining Concession and we are the grand children of owusu family.
 
Hoping to hear from you,
Mr.Koffi Owusu

----- Original Message -----
From: Nana Metals

DearJackie Jones,
 
Thank you for your kind co-operation in doing business with us,
Here is exactly what you should know about Gold shipment from Ghana.
1. Seller must provide export license.
The gold transaction through PMMC is not allowed by local miners because we have bad experience with buyer working with PMMC regarding gold shipment.
Any serious buyer who is ready to buy gold has to follow the seller instruction to help the buyer secure his goods and seller security wise.
Regarding the transaction with you we are ready to start with you if only you are ready to follow our procedures regarding the shipment and payment.
 
2. We are ready to shipment any quantity of minimum of 100kg.
Seller must provide the Bank details for the transaction of the payment against Gold.
We are sincerely looking forward to hear from you,
 
Regards
Mr.Koffi Owusu
 
 
Sorry for the late reply due to work load in the site and we have accepted to work with you if only you are ready to proceed with our conditions.
 
Attached are the Export license ,Certificate of Origin, Mining License.
 
We are ready to start trail shipment with you if only you understand that we are honest and reliable family to do business co-operation with for long term partnership.
 
We are sincerely looking for your urgent responds,
 
Regards
Mr.Koffi Owusu
00233206521077
00233247093527
 
 
Thank you so much for your co-operation,
 
We are reliable gold supplier from Greater Accra Central and we are ready to start partnership with any serious and reliable gold buyer for long term agreement.
Attached are the copies of our Family Full Co-operate Offer (FCO).Sellers banking details also attached in the FCO.
The reason why we need the 10% is for the export and shipment documents of the 50kg from the HIGH COURT OF JUSTICE GHANA for the shipment of the gold dust/bar to your country or refinery.
 
Meanwhile we can not disclose any of our recently buyer to you because every body is defending his identity in this field of business.
 
We are very honest and reliable to start business co-operation with you if only you are ready to start the co-operation with us by signing the FCO and returned back to us.
Seller Banking Coordinate
BANK:                            CITIBANK
ADDRESS:                     111 WALL STREET NEW YORK,NY US
SWIFT BIC CODE:      CITIUS33
CREDIT:                         ZENITH BANK
ACCOUNT#:                  36250618
SWIFT CODE:               ZEBLGHACXXX
BENEFICIARY:           FNB INVESTMENTS LTD
ACCOUNT#:                 0004050101521
 
NOTE: Your payment of 10% is 100% secure and guaranteed in 4 working days to confirm the Export and shipment documents by fax or delivery by DHL to your current address.
 
We are looking forward to hear from you soon,
 
Mr.Koffi Owusu
 
Email: nana.metal@yahoo.com
Phone: 233541139511

Dear Sir,

We are local miners from Accra-Western Region of Ghana. we are reliable and dependable supplier for long term contract agreement with any company/individual that apply with us.

Here is the specification below:-

PRODUCTS: .................... GOLD DUST/ BAR

QUANTITY:.................... ..50KGS (TO BE SUPPLIED AS FIRST TRIAL)

PURITY........................ .92.5% (Pure Gold)

QUALITY:...................... 23.69k

ORIGIN:....................... ... GHANA.

PRICE PER KG...............$35,500 USD

Payment Terms:

The Buyer will pay 10% value of the Gold for the shipment and export documentation cost of the total value of the goods that will be delivered to his/her refinery, then seller will make all the local transit cost to agent office for the documentation before shipment.

    Meanwhile I have to inform you that the mining site belong to our royal family which necessitated you will meet every member of my family on the date and time of your arrival here in my country or you can let us ship the quantity you may ask us to have the contract with.
kindly reply to enable us have your gesture in assisting us acquire a modern mining equipment that will boost our production.

Thanks and remain blessed
  Koffi
  +233541139511

 These pictures are available on Google and the scammers mostly such pictures
 
 
 
 

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The above documents are currently used by scammers in the market to dupe buyers around the world. I will not go into details explaining the points where these documents are fake, but I request readers/Gold buyers to beware and if you have any documents please email us in order to warn people around the world.

The link of real KPC Sample form , contributed by one of our regular readers Mr. Pawelka. We thank him for same.

sample_form_KPC[1]

**Please note Anil Machado’s blog or Anil Machado does not sell gold,diamonds or any other commodity. Incase if you received any private message or email claiming to be Anil Machado then beware its some scammer trying to use a different method to cheat you.

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The Ghana Chamber of Mines announced here on Thursday that it had uncovered a scam involving a firm that had been using the name and corporate logo of Goldfields Ghana limited, one of its member companies, to dupe foreign gold buyers.

These criminals lured their unsuspecting victims with offers of gold dust and bars produced in Ghana, the chamber said in a statement.

It urged the public to report any fraudsters to the police for actions, saying that:

“Anyone who receives a notification for the sale of gold dust or gold bars purported to be coming from Goldfields Ghana limited or any other mining company should not only disregard the said offers but also report the incident to the police.”

Reiterating that its members were committed to good corporate governance practices, the chamber made it clear that “in the sale of gold our members do not seek out individual buyers or users.”

Gold is one of the major foreign exchange earners of the West African country, formerly known as Gold Coast.

The Ghana Chamber of Mines is the main minerals industry association in Ghana, representing the collective interests of companies involved in mineral exploration, production and processing in the country.

Fraudsters and con artists have for some time invaded the gold industry and were using the internet and e-mail to dupe prospective gold buyers.

Perpetrators of business fraud in Ghana, especially the prevalent gold scams, often target foreigners.

Several foreign businessmen had reportedly been defrauded in diverse ways as a result of the activities of the fraudsters.

Gold merchants, who claim to be in possession of large quantities of gold dust or gold bars, offer to sell them below market prices.

These fraudsters like to tell their business partners that they had jewelry shops all over Europe and wanted them to buy gold from Ghana.

Most of them also advertise the availability of the commodity in bulk quantities for sale on the internet and other specially and carefully designed websites.

In Ghana, all gold agents must be licensed and transactions certified by the precious minerals marketing company before businesses are transacted.

Gold is normally sold in Ghana in the smelted form, that is bars, and very rarely in the dust form.

American businessmen have reported substantial financial losses from questionable transactions involving gold and other precious metals in Ghana in recent years, according to the U.S. Department of State.

These scams typically begin with an unsolicited communication (usually by e-mail) from an unknown individual who describes a situation that promises quick financial gain, often by assisting in the transfer of a large sum of money or valuables out of the country.

A series of “advance fees” must be paid in order to conclude the transaction, such as fees to open a bank account or to pay certain taxes.

The final payoff does not exist, and the purpose of the scam is simply to collect colossal amount of money from the victim.

Fraud warning from the U.S. State Department regarding gold offers from Ghana
Strict customs regulations govern temporary importation into or export from Ghana of items such as gold, diamonds and precious natural resources. Only agents licensed by the Precious Metals and Mining Commission, telephone (233)(030) 266-4635 or 266-4579, may handle import-export transactions of these natural resources. Any transaction without the commission’s endorsement is illegal and/or fraudulent. All transactions must be completed through the commission at the price set daily by the London exchange. Any transaction that discounts this price, or includes a previously negotiated price, is either illegal or fraudulent. Export of gold dust is rare as it encourages dangerous and environmentally destructive practices, and transactions involving the export of gold dust are probably fraudulent. Attempts to evade regulations are punishable by imprisonment. It is advisable to contact the Embassy of Ghana in Washington, D.C., or one of the Ghanaian consulates in the United States, for specific information regarding customs requirements.

**Please note Anil Machado’s blog or Anil Machado does not sell gold,diamonds or any other commodity. Incase if you received any private message or email claiming to be Anil Machado then beware its some scammer trying to use a different method to cheat you.

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