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.
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.