- Report: #1255120
Complaint Review: UNITED GOLDEN SUCCESS LTD - Internet
-
Author Confirmed
Why?
UNITED GOLDEN SUCCESS LTD
Internet, USA
Phone:
+447035907468
Web:
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
UNITED GOLDEN SUCCESS LTD GREGORY HALL, UNITED GOLD SUCCESS, SCHALK BOTHA, SEAN SCOTT SCAMMED - TWICE !!!! HONG KONG, KOWLOON, SINGAPORE N/A
I have lost over $350,000 to this bank of thieves.
Schalk Botha of Johannesburg signs contracts on behalf of Gregory Hall in the name of United Gold Success requiring only a confirmation of blocking purchase funds by MT 760. Then this company continues to deny receiving the SWIFt advise and threatens to cancel its contract.
They give you an option though of putting up a deposit to reserve a gold consignment which they promise to deliver, with a bank issued SKR, as soon as your money reaches them. Once your money reaches they scam you with fake emails from bank promising to secure the gold rserve in your account ans demanding payment of fees. Once this additional payment is made then the entire team refuses to honor their commitment nor refund your payment.
The bank accounts and beneficiaries to whom the buyer is asked to send SWIFt advices and payments are all fiduciaries. The only connection of the fiduciaries with United Golden Success is the proforma invoice and instructions.
This is what happened to me. It has been 9 months and I have neither received any gold nor refund of my payments.
2 Updates & Rebuttals
Redaction
#2Author of original report
Sat, February 20, 2016
United Gold Success Ltd's group Chairman Gregoiry Hall, about whom and his associates, I had reported as scam, has offered to make amends and return the money given to him.
I am, therefore, in good faith redacting, with recourse, my complaint against United Gold Success, Gregory Hall, Schalk Botha and Sean Scott.
Shri Doraiswamy
Executive vice-President
Cord Trading LLC
USA
SWB (Mandate)
Johannesburg ,Alabama,
South Africa
The Truth of the matter
#3UPDATE Employee ..inside information
Fri, February 19, 2016
Mr Shri Doraiswamy, in his capacity as Executive Vice President of Cord Trading LLC entered into a legally binding contract with the Seller/Title Holder of the product for the supply of Gold Dore Bars over a 2-year period.
Mr Doraiswamy requested several changes/amendments to his contract to ultimately change it from a CIF contract to a FOB contract in Singapore. A payment guarantee was required to be provided by Mr Doraiswamy, as per our standard transaction procedures, which Mr Doraiswamy agreed to and accepted when he signed a legally binding contract.
Mr Doraiswamy selected to use the option to provide a MT799 Blocked Funds Payment Guarantee via swift. On two separate occasions, Mr Doraiswamy provided 2 fraudulent swift copies to us, which upon bank verification turned out to be falsified and not transmitted via the bank swift system.
Mr Doraiswamy claimed that it was not his making and that he made use of an independent provider that scammed him and provided fraudulent swifts on his behalf.
At this point, Mr Doraiswamy was informed via official communication from our office that he is liable for penalty under the contract for his non-performance as a principal party “The Buyer” to the contract and that the Penalty Clause of the Sales and Purchase Contract will be enforced.
Mr Doraiswamy continued to express his intention to proceed with his contract and requested another option that he could utilize in order to transact with the Seller of Gold Dore Bars in Singapore. (The Penalty was then waived at this point and Mr Doraiswamy did not pay any penalties).
The option was made available to Mr Doraiswamy to pre-pay an Indemnity Fee direct to the bank (not paid to the Seller as he falsely claims in his report) in order for him to transact FOB at the Custodian Bank in Singapore (where the gold was held on deposit).
Mr Doraiswamy falsely claims: “I have lost over $350,000 to this bank of thieves.” This statement is incorrect as the actual wire transfers (documentary evidence) he made to the bank totals: USD$237,280.00
The Seller has taken it upon himself to refund Mr Doraiswamy these funds (USD$237,280.00). Our law firm is attending to this matter on behalf of United Golden Success.
Another update will be posted here once this matter has been finalized.
