(Last Updated On: April 18, 2018)

Is SwissGolden a Scam? Is it a Ponzi Scheme? Is it legit? How does it work and why is EFCC after it? These questions are answered on this article.

First of all, let us know what SwissGolden is all about. According to Naija.ng, Swissgolden is a Gold Investment company that has been around since 2012. It offers a special swissgolden compensation plan and promises a 100% pay off for all customers.

A lot of Nigerians are into swiss golden an online investment platform that deals with the buying and selling of gold bars. I have a lot of people into it and I haven’t heard any complain from them so far but reading this report on Vanguard kept me hanging on the fence.

Economic and Financial Crimes Commission, EFCC, has busted the activities of an online company, Swiss Golden Company Limited, which defrauded over 7,000 Nigerians to the tune of over N3 billion.

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SwissGolden
SwissGolden Online Shop

EFCC said:

‘’The Economic and Financial Crimes Commission has recovered N216,402,565.05 from Swiss Golden Company Limited, an online investment that purportedly deals with buying and selling of gold bars.

‘’The recovery was sequel to a petition the commission received from thousands of complainants who alleged that they invested in Swiss Golden Company Limited, which was advertised as an online investment that deals in buying and selling of gold bars.

‘’The petitioners further alleged that after investing over a billion Naira into the business, Swiss Golden refused to pay them any dividend or pay them back their capital.

‘’Upon receipt of the petition, the commission swung into action by first inviting the petitioners where they volunteered statements. Through intelligence, the commission picked up one Maxim Lobaty, a Russian and two Nigerians, Austin Emenike and Dickson Nonso Onuchukwu, in Lagos.

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‘’The trio were, subsequently, conveyed to the Kano operational zone of the EFCC for further investigation.

‘’Swiss Golden, which is headquartered in Hong Kong, was discovered through investigation to be a Ponzi Scheme designed to defraud innocent victims of their hard earned money.

“After being drilled at the commission’s Kano zonal office, Maxim and his co-suspects consented to the refund of the investment. It is through that, a total of N216,402,565.05 have now been recovered.

“Investigation into the alleged fraud is still on going and all efforts are being made to recover the money involved and the alleged suspects brought to justice.”

As you are reading this, seminars are still currently ongoing in some states and people are still joining daily. Even on whatsapp, I saw some people advertising the business and requesting others to join their groups.

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Those of you who are into swiss golden, is it really a scam? Have you been scammed? Please let us know.

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