The Valiant Capital in Singapore is not to be confused with Valiant Capital Partners or Valiant Capital Management, which are hedge fund companies.

Valiant Capital operated a similar scheme as what Genneva Gold used to operate. In return for buying gold from them, they will give you a monthly payout of 1-2%.

In fact, it was set up in 2012 by Simon Goh Chee Kin, who was a former employee of Genneva Gold.

This was after Genneva Gold was raided by the CAD and Simon had promised investors to help them make back their money.

He even expanded to China and collected more than S$20 million from investors in China. If he gets caught in China, good luck to him. You know the penalty for scammers in China.

Good that all these gold buy-back schemes will finally be regulated.

Valiant Gold Director Gone Missing (Straits Times 21 Oct 2015)

To leave your comments, please go to : Valiant Capital Gold Boss Gone Missing

A few hundred clients of SG Gold are affected. 

When Genneva Gold closed down previously, SG Gold was one of those companies who offered to bail out the investors.

They had offered to pay former Genneva customers 2% a month for 6 months before buying over the gold. The catch is that the customer must pay a large amount upfront.

There is simply no such thing as a free lunch in this world when it comes to investment….

To leave your comments, please go to : SG Gold Bites the Dust

Otherwise, anyone can bypass the current regulations and sell investment instruments to the man in the street by using a product X as concealment. X can be gold, silver, cotton, pearl, paintings, wine, land – it can be anything!

This well written article says its all:

One definition to rule them all (Business Times)

To leave your comments, please go to : Time to Tighten Regulations on Alternative Investments

If you were hoping for useful information, unfortunately you are going to be disappointed.

The Gold Guarantee FAQ provided by CAD is essentially a cut and paste job of their earlier FAQ on Genneva Gold.

The key messages are:

• Any questions or disputes should be directed to the company.
• The assets of the company are frozen until investigations are complete and a court order is obtained.

To leave your comments, please go to : Gold Guarantee CAD FAQ

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.

To leave your comments, please go to : Gold Guarantee and Asia Pacific Bullion Owner Lee Song Teck Missing