Gold Guarantee and Asia Pacific Bullion Owner Lee Song Teck Missing

It appears that Lee Song Teck, owner of The Gold Guarantee and Asia Pacific Bullion, has gone missing.

These two companies operate with a similar ponzi model to Genneva Gold, offering unsustainable cash rebates for gold purchases. They have even been aggressively advertising rescue plans for Genneva Gold customers after they was raided by CAD late last year.

Asia Pacific Bullion

The Gold Guarantee had earlier in the month frozen rebate payments to customers for their gold purchases. The owner, Lee Song Teck, was supposed to meet up with affected customers yesterday to update on a new payment schedule. However, he failed to show up and has not been contactable ever since.


High chance this is the end for The Gold Guarantee and Asia Pacific Bullion.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Notify me of followup comments via e-mail. You can also subscribe without commenting.