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

VGMC - A Ponzi Scam? I

So I thought this was a scam all along, and still went in with my eyes wide open. It was only hoped that I could've gotten out early with some nice gains before the shit hit the fan.

They were incorporated out of Panama, had a vague business model with no details, a phony management team, and offered too-good-to-be-true returns.

Now my funds are stuck (for good perhaps) and I guess I'll have to write it off.

Sadly it's true that old adage that if it's too good to be true, it probably is. If you thought that Geneva gold scam was bad, this is gonna rock someone's socks off. This supposed gold investment actually paid out more than 10% in dividends a month!

From being able to withdraw funds daily, it became weekly, then fortnightly and finally monthly, and now not at all.

On paper, I had already more than doubled my initial investment just 6 months into entering into this alleged scam.

Supposedly our gold shares are now being converted into a fund to be listed on the Danish stock exchange by end 2013.

Haha.

I guess everyone's panicking about their money now. Pity those who bet the whole farm on this scam.

This one guy in the forum claimed to have borrowed RM500,000 from the bank to sink into this rotten egg! Sucks to be him man.

I'll post more updates as and when they release more news of the 'new structure'. Meanwhile if you so unfortunately happen to be a shareholder like me, then better to assume that your investment has been zero-rized.

Hope for the best but expect the worst.

Sobz.

VGMC Website

Kagawa!

Look who I pulled this time!

GGMU!!!

Singtel MioTV Buay Swee

Zoo 2012

Wow, it's changed so much!

It's really alot more tourist and family friendly now. More shelters and better facilities. Really world class.

But thing are quite pricey though as you'd expect with a tourist attraction.

Definitely worth a visit if you haven't been there recently though!

RVP Power Card

Look what I pulled from a single pack I bought at 7-11! $1.50/pack only. Think I'll buy a whole box soon.

GGMU!!!

MRT Circle Line

Harbourfront
Telok Blangah
Labrador Park
Pasir Panjang
Haw Par Villa
Kent Ridge
one-north
Buona Vista
Holland Village
Farrer Road
Botanic Gardens
Caldecott
Marymount
Bishan
Lorong Chuan
Serangoon
Bartley
Tai Seng
MacPherson
Paya Lebar
Dakota
Mountbatten
Stadium
Nicoll Highway
Promenade
Esplanade
Bras Basah
Dhoby Ghaut

Singapore Gangnam Style with Children - Super Kancheong Style

I'm One Lucky Guy

Hard to explain but I really am.

的确是因为你的爱，给我天天充满自信！

I used to wonder what was it in me that made me such a confident person, then I found the reason.

I'm a really lucky guy.

AAPL: The World's Biggest Hedge Fund You Never Knew

This is interesting.

Who would have thought Apple the software company would be so smart as to do this!

Now it makes you wonder how they intend to conquer the world!

Have fun reading!