VGMC - A Ponzi Scam? II

Taken from one of the more popular forums discussing the scam that is Virgin Gold Mining Corporation (VGMC). A lot of fine examples from bogus sites, fake offices and registrations, lack of company details, to unsubstantiated proof of business etc.

Go read if you're concerned.

Good luck if you're stuck!

VGMC is NOT an "investment." It's an illegal Ponzi scheme that will soon collapse under its own weight. Indonesia, Malaysia, Singapore and Panama have decreed that VGMC is operating illegally.

VGMC IS A SCAM. It has:

- no gold
- no gold mines
- no employees
- no trade memberships
- no investments
- no joint venturers
- no government licenses or permits
- no registration on any stock exchange
- no financial statements
- no private placement memoranda

It conducts NO legitimate business. Its ONLY "business" is to enlist more and more idiots and victims to send it money every week for useless CPS and other non-existent account holdings.

IF YOU HAVE INVESTED IN VGMC, IMMEDIATELY DEMAND A RETURN FROM VGMC AND THE SCAMMER THAT CONVINCED YOU TO "INVEST." THE COMPANY IS NEARING COLLAPSE!
PUBLIC RELEASE

The Superintendencia del Mercado de Valores of the Republic of Panama (hereinafter the “SMV”), in accordance with its legal duty to strengthen and develop the securities market in Panama, in compliance with regulations of the Decree Law No.1 of July 8th of 1999 and its regulation, warns to the public as follows:


The company VIRGIN GOLD MINING CORPORATION, registered in the Public Registry of Panama, under microjacket number 356393 of the Mercantile Section is announcing in VGMC an offering of “Convertible Preferred Stocks”.
The SMV has not authorized the offering of “Convertible Preferred Stocks”, announced to the general public by The company VIRGIN GOLD MINING CORPORATION, therefore the SMV does not approve this offering.
For further information regarding this Release, please contact us by phone at (507) 501-1700, fax (507) 501-1709, or email Esta dirección electrónica esta protegida contra spam bots. Necesita activar JavaScript para visualizarla "> Esta dirección electrónica esta protegida contra spam bots. Necesita activar JavaScript para visualizarla .


Julio Javier Justinian