AFRICAN GOLD AND DIAMOND SCAMS

  Recently, I read an article about how Congo born, Dikembe Mutombo, an all-star NBA defender, was nicely scammed in a fake gold deal.  Evidently,  he and Houston based oil executive Kase Lawal were beguiled into believing that they could purchase around $30 million worth of the precious metal at a hugely discounted price to the prevailing global market price from dealers in the African country of Kenya. It just goes to show how even two intelligent men can be duped by what is such a common gold scam. I mean who wouldn’t want to buy gold at a huge discount to the prevailing price, pick up the metal and then dump it onto some bullion dealer and get paid the market price thus making an absolute killing. This story inspired me to write about several common gold scams that have been around for a while and should be avoided. But, even though they may be well documented, there is a sucker born every minute. It is surprising how the lure of making quick easy money can fool any g...

  African gold dust scams and precious metals tricked hundreds of people worldwide.     Scams African gold dust and precious metals tricked hundreds of people around the world, not just the poor and ignorant people getting ripped off and relieve their economies but also many businessmen have turned bankrupt and lost their wealth.     I saw more than a cry in my office and I am still unable to understand why people fall into these scams on gold. Fraudsters are mainly West African countries such as Guinea, Sierra Leone, Ghana, Nigeria, Benin, Ivory Coast, Senegal, Cameroon, Mali and Burkina Faso to do list a few. Tanzania, Kenya and the countries of equatorial Africa do not seem immune to such practices. The scammers always use the telephone numbers and mobile numbers which are not traceable. Victims usually come across such scams unsolicited emails and sms or false mining sites.   Buyers often think wrongly have a good knowledge and good relationship in Afri...