Diamonds aren't necessarily an investor's best friend!
'Fraudsters used 'sucker list' to sell fake
diamonds to victims with marks-ups of 2,800 per cent to fund luxury lifestyle
in Marbella
• Gems dealers made £1 million duping
investors into buying diamonds
• All the gems had been purchased out of a
mainstream diamond catalogue
• Gang, due to be sentenced next week, added
mark-ups of up to 2,800%
• One retired victim used his life-savings to
buy gems for £140,000 but they were only worth £10,000'
See also report in Eastbourne Herald.
Wine investment scams often linked to offers of 'investments' in diamonds, biofuels, carbon credits, plots of agricultural land on promise of rezoning etc.
Also beware of companies, like Ethical Elegance Ltd, offering to swop assets such as wines for coloured diamonds.
Also beware of companies, like Ethical Elegance Ltd, offering to swop assets such as wines for coloured diamonds.
Jim,
ReplyDeleteSo you (and the other readers on the blog) are aware, there is a company called 'ethical elegance' who have been contacting a number of people holding Bordeaux wines, offering them over-inflated prices (i've heard of quotes 50+% above the mid-market level) to sell their wines, in order to reinvest into other assets like diamonds. They also make some interesting claims on their website regarding the performance of 'Fancy Coloured Diamonds'.
It would seem that they are contacting former Vinance clients, many of whom have already lost out when the company folded and these may be at risk of further losses if they enter into some agreement to diversify with ethical elegance.
the following company is swapping diamonds for wine and hoodwinking there clients
ReplyDeletehttp://www.ethicale.com/asset-exchange/
ethical elegance
there address on show is that of a company formation agents .... smells rotten