Gold.AE Shuts Down After Fraud Allegations
Gold.AE is facing serious repercussions after fraud allegations led the company to have their license to trade removed by the DMCC. After the scandal broke, Gold.AE was required to send an email out to all of their clients, letting them know the details of the issue.
The email revealed that minority shareholders in GOLD HOLDING are investigating Gold-AE on the suspicion that “questionable” transactions have taken place on the website. The group, acting on their concerns, have begun to conduct internal investigations, during which time the entire management team chose to design suddenly with no notice.
The majority shareholders in the company were unavailable for comment at this time, which allowed the minority shareholders to submit that they did not accept the management team’s recognition. Unfortunately, the people involved went to the DMCC, submitted their resignations and had their visas cancelled.
Following these unsavoury events, during August 2015, Mr. Andre Guathier was officially elevated to the position of “manager” for the company, so that the correct investigations could be carried out, and actions could be taken to preserve and protect the interests of client sand shareholders connected with the company. When Gauthier took over, the new management team learned that their new manager had more access to information concerning the behaviour of previous managing leaders.
Substantial Withdrawals from Company Accounts
Much to the dismay of all those involved, Mr. Guathier discovered that there had been significant withdrawals taken from the account of the company and transferred into the personal accounts of the majority shareholders, and the management team. Management also discovered information that suggested the existence of an account with “Arab Bank” in Switzerland, within the company’s name. Attempts have since been made to contact this bank. However, none of the current minority shareholders or managers are signatories for the account, which means that they cannot gain access. The Swiss banking laws are very strict regarding confidentiality, and no information has been provided.
In an attempt to properly recover and secure money taken out of the accounts of the business, Mr. Gauthier has done everything possible in his power as manager and has also filed numerous cases against the people who received funds from the company. The minority shareholders are also doing the best to support Gauthier in his attempts to overcome this problem and recover the money taken away from the business.
In the meantime, the DMCC has outlined that the actions taken by previous management leaders are within breach of the DMCC rules, and this means that they have been forced to remove the license of the company at this time. Currently, the organisation is working closely with DMCC to look for a solution to the problem, and they have asked their clients to bear with them during this difficult period. The trading platform has been shut down for now, as of the date of the termination.
Where to Buy and Invest Gold to be Safe?
If you are thinking about investing or buying gold we can highly recommend Regal Assets.
The award-winning bullion dealer and investment broker, Regal Assets Dubai DMCC, has recently opened an office located within the Almas Tower of Dubai. This location allows the company to offer investors around the world an opportunity to buy cheaper, high-quality bullion.
Regal Assets (RA) provides customers with an established and trustworthy brokerage service, equipped with the best possible market premiums.
Benefits of Regal Assets Dubai DMCC
Regal Assets Dubai currently works with millions of people in the precious metal industry and offers their customers a 7-day guarantee on shipping. On top of that, the brand has over 1000 positive reviews on websites like TrustLink, as well as a rating of A+ with the better business bureau (BBU). Located in one of the most secure vaults that the Middle East has to offer, RA offers a safe and reliable option for today’s investors, along with:
- Exceptionally low service fees
- Delivery options
- Worldwide secure vault options
- Low premiums
- Industry-leading service
- Expert investment advisors
- Live videos of metals being stored
- Segregated storage facilities
You can open you free account here
Find More Related Articles: