HIGH PRICE PROMPTS RISE IN FAKE AND FRAUDULENT OFFERS OF GOLD
January 1st, 2011
BY ANDY HOLDER
THE INTERNATIONAL gold market may be relatively small, but the metal's rapid rise in price in the past 18 months to over US dollars USD1,400/oz(up from USD900) has given fraudsters the opportunity they need to tempt investors with some pretty audacious offers to join the 'gold bug' club.
Commercial Crime Services (CCS), the London-based anti-fraud arm of the International Chamber of Commerce (ICC), has been investigating several different types of gold fraud from the cunning to the outright bizarre. It says the evidence indicates that gold fraud ...
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