The Precious Minerals Marketing Company (PMMC), has advised the public to be cautious of ongoing gold scam schemes by some dubious individuals.
It cited the activities of gold scammers who present fake photos and videos of gold available for sale.
In a statement, PMMC indicated that some of these eventually turned out to be gold-plated tungsten. Using the fake pictures and videos, gold scammers then convince victims to provide huge amounts of money for the purpose of transporting the gold from mining sites or specific locations to Accra for the said transaction.
Once the money for supposedly transporting the gold is received by scammers, various excuses are then given as reasons for their failure to deliver the gold to Accra. The scammers also use these excuses to claim more money for facilitating the delivery of the gold.
The statement signed by the Managing Director of PMMC, Nana Akwasi Awuah, further explained that in addition to this tactic, scammers also export some grams or a kilo of gold purposely to win the confidence and trust of their victims and to prove their apparent capacity to supply larger quantities. However, once the victim’s trust is won, demands for huge sums of money are made, after which the fraudsters disappear, leaving their victim(s) frustrated.
The public, particularly individuals interested in purchasing gold, is hereby advised to be extremely cautious so they do not fall prey to these fraudulent schemes. It also encouraged prospective gold buyers to conduct due diligence to ensure they were getting value for their money.
