If GMI is not a SCAM please answer...
FRIDAY, APRIL 10, 2009
We (Jehanzaib and Huzaifa) have received so many comments regarding the authenticity of the biggest SCAM which is GMI. It's our open challenge to all the current GMI investors and GMI officials that if they would be able to answer these simple questions with solid proofs the next day we (Jehanzaib and Huzaifa) will back off from blogging against GMI. Following are some questions :-

Q1. GMI says "We are registered at Chamber of Commerce" if this is true GMI must provide a proof of their registration?

Q2. GMI has to provide a report which must include the following points :

1. Details of the taxes they have paid to the govt.
2. Annual earnings and payments disbursed to the investors.
3. Annual expenditures.
4. Company's market value.
5. An audit report.
6. The report should be from the time when the company started in Pakistan.

Q3. The GMI must provide the details of its transactions in Pakistan, this must include the name of the bank in which GMI has a Business Bank Account.

Q4. If GMI has its headquarters in Norway then it should provide money transaction statement from Pakistan to Norway.

Q5. Details of the main officials of GMI, the details must include name, designation, addresses.

Q6. GMI must provide a certificate of relation with Norway, this certificate should be verified by the Norwegian Embassy in Pakistan.

These are only a few questions that we have asked but if GMI is a legal company then it should also answer the questions we'll ask in future.

For the people, who are, with or against GMI they should know the scamming tactics of this company. For example they support the company's legal standing by saying we have a Verisign certificate (bloody hell), my innocent brothers Verisign only ensures safe online transactions it is not a proof that the company is legal or doing legal business (to be contd...)


POSTED BY HUZAIFA, JEHANZAIB AT 10:11 PM 112 COMMENTS LINKS TO THIS POST


Goldmine International Fraud Cloud
SATURDAY, APRIL 4, 2009
From GMI investor,
mujhe tou aisa lagta hai ke tumne 60 dollars diye or tumse kaam nahi howa .. wese is mai tumhara qusoor nahi is mai thora skills ka kaam hai, , wo shayad tumhare pas hain nahi .. tou yaar dosro ko de motivate kyo kar rahe ho ? khud tou looser ho abb dosro ko oper jate dekh ke aisi chezain promote kar rahe ho.. shame

To GMI investor,
To be precise and to cut the long story short, meri gmi say dusshmani awam ka paisa lootnay ki waja say hai aur na hee main kbhi is tarah ki fraud company main invest karoonga baat yeh hai kay hamari Pakistani awam ko jahan 2 rupay bhi dekhtay hain woh bina yeh sochay samjhay kay jahan hum paisa laga rahay hain woh sahi hai ya nahin paisa laga detay hain

tum thodi der kay liyay thanday dimag say socho aur chaho to khud bhi is baray main investigation karna waisay to ye investigation tum meri website http://www.gmiscam.blogspot.com per dekh saktay ho likin kuch sawalat hain jo kay ek sensible insaan zaroor poochay ga:

Q: Jo loog gmi kay member bantay hain un kay diyay huay 60 dollar gmi kay kis bank account main jatay hain?

Q:Agar in ka bank account nahin hai to phir paisa kahan jata hai?

Q:Ye loog boltay hain in ka paisa Norway jat hai jahan in ka head office hai agar wahan jata hai to transaction statement dekhaein?? ?


khair shaid jo sawal main tumhein likh raha hoon shayad tumharay kisi kam ka na hoon likin tumhari qaum kay kam kay hain.


From GMI investor,

haha .. u seems extremly funny this time .. ek bat bataoun .. mere bhai ne abb tak alhumdulillah 3000 dollars kama liye hain sirf 60 ki investment kar ke .. or jo bande is ke neeche hain wo bhi jaise ke mai .. mai ireland se or london se dono jaga se kam kar raha ho .. or maine tumhaari so called investigation dekh li hai already tum ne ek or blog hai GMI or NM ke opposite os mai se copy paste kiya hai .. Network marketing aise he hoti hai thora is ke bare mai INVESTIGATION karo lol.. or maine jitni INVESTIGATION ki hai tumne nahi ki .. tou maine thande dimagh se soch lia its ur Turn now ..


To GMI investor,
I m extremely happy kay a person like u is criticizing me mer maqsad poora ho raha hai the people lik have actually started criticizing jab tak tum loog criticize nahin karo gay mera blog banana baykar hai khair kam ki baat kartay hain kuch nam batata hoon:

Greater Ministries International

Golden Key International

Global Domain International


Khair apni investigation poori karo tumhein abhi bahut time hai aur na main tumhari bat say deny karonga kay tumharay bhai nay $3000 kamayay hain pyramid scheme kay upppar walay loog to hamesha kamatay hain likin bottom walay phastay hain khair tum kuch samajhnay kay qabil nahijn ho abhi at least ye links zaroor visit karlena gmi kay baray main kafii knowledge milay gi

http://www.norway-lebanon.org/business/news/goldmine.htm

http://www.onelebanon.com/forum/showthread.php?t=29119


aur phir ye report padhna jis main tumharay bolay huy alfaz word to word likhay huay hain kay jo log kama nahin patay woh is system main looser hotay hain jis banday nay ye report likhi hai us nay is sawal ka jawab bhi bataya hai aur mazay ki baat ye hai kay us report main scam companies kay andar gmi ka namm bhi hai report yahan hai

http://www.ftc.gov/os/comments/bizoprevised/comments/535221-00006.pdf

Allah-Hafiz

To GMI investor,
uff yar tum se kia koi bat kare tumne shayad kasam khai howi hai naa manney ki ..ye sub cheezain jo tumne linked kin hai wo maine GMI mai ane se phele dekh chuka ho ..or jo tumne kaha ke neeche wale kuch nahi kamate tou jab mere bhai ne join kiya tha wo bhi aisa he tha .. abb koi kam na kare tou na mai kuch kar sakta ho na company, ... tht wht company says my sucess depends on my own effort. which is 100 % right .. wese tumhain ye sub batane ke faida nahi hai mujhe pata hai tum nahi maanney wale untill tum mujh se face to face bat karo .. khair bhai apna kaam karo jo tum kar rahe ho i mean company ko badnaam karo is ka ajar mile ga tumhain inshallah ... wasalam Altaf Hashmi.


No matter how large the model becomes before collapse, approximately 88% of all people will lose.

POSTED BY HUZAIFA, JEHANZAIB AT 12:36 PM 69 COMMENTS LINKS TO THIS POST


GOLDMINE INTERNATIONAL MULTI BILLION DOLLAR SCAM
TUESDAY, MARCH 17, 2009
We came to know an interesting fact about Goldmine International.

On an average 5000 investors are trapped at each office of Goldmine International in Karachi. The offices are more than 25 in number and are located at different areas in the city . The interesting fact is that the innocent investors are still unable to make their left and right, which is a requirement to make profit, it means that people are unable to recruit two new members in their chain. The investors say that they are responsible for this because they are unable to do the work, which is absolutely false, since the scheme is so fraudulent that if a member is trapped and he tries to recruit two new members he is not able to do so, because the scheme is not providing any backup for the so called investor.

Now look at the interesting calculation:

5000 investors at each office

25 no of offices in Karachi

4800 or $60 amount invested at the beginning

Now we will multiply above three figures in order to calculate the total amount trapped by this fraud company:

5000 x 25 x 4800 = 600 000 000 (600 million rupees).

600 million rupees have been trapped uptil now from innocent Pakistanis and this figure is continuously increasing.

But this isn't the only fact, this scam company has no business bank account in Pakistan, since they say their head office is in Norway, although Norwegian embassy has refused to have any business link with this company, the company do not perform any transaction between Pakistan and Norway. The amount collected everyday is sent to a secret safe by Goldmine International, it means that they are also involved in money laundering. The post will be continued with strong proofs...
POSTED BY HUZAIFA, JEHANZAIB AT 1:28 PM 61 COMMENTS LINKS TO THIS POST
LABELS: GOLDMINE INTERNATIONAL MULTI BILLION DOLLAR SCAM
GOLDMINE INTERNATIONAL (GMI) FRAUD ON PEAK
MONDAY, MARCH 16, 2009
Goldmine International, which is a fraud company, currently operating in Pakistan, is involved in explicit money laundering. It came to our knowledge that what they charge you, that is $60, at the inception is not kept in any bank instead they keep it in a safe at their offices at different locations in Karachi. This must be kept in mind that a legit business organization must have business account in order to perform any transactions. It would be really appreciable if the government look into this matter immediately, otherwise the people of Pakistan would be loosing their valuable earnings as they did before by investing in Golden Key International, Biznaz and other scamming ventures.

Below is the link a detail insight about these type of scamming companies and how they attract investors at their presentations. AN interesting fact on page 8 Goldmine International is listed as a fraudulent company.

http://www.ftc.gov/os/comments/bizoprevised/comments/535221-00006.pdf
POSTED BY HUZAIFA, JEHANZAIB AT 10:42 PM 10 COMMENTS LINKS TO THIS POST
THE SCAM GAME
This is real update abut the GMI rapidly growing scam in Pakistan they will be reaching their target very soon. It means that those who are investing or planning to invest right away be aware about the GMI's escaping from Pakistan.


Soon I will be updating an article about some big names involved in this scamming project.
POSTED BY HUZAIFA, JEHANZAIB AT 1:20 PM 7 COMMENTS LINKS TO THIS POST
GMI SCAM IN PAKISTAN (GOLDMINE INTERNATIONAL)
FRIDAY, MARCH 6, 2009

UPON ENORMOUS REQUEST FROM OUR FELLOWS AND FRIENDS, WE HAVE INVESTIGATED THIS SCAM COMPANY IN PAKISTAN, WHICH IS ALSO OPERATING IN OTHER Asian COUNTRIES. (This investigation is carried out by Muhammad Huzaifa and Muhammad Jehanzaib)


First we have to know that how GMI (GOLDMINE INTERNATIONAL) works and what is their business structure. GMI (GOLDMINE INTERNATIONAL) works on the basis of pyramid scheme which is defined as:


"A pyramid scheme is a fraudulent investing plan that has unfortunately cost many people worldwide their hard-earned savings. The concept behind the pyramid scheme is simple and should be easy to identify; however, it is often presented to potential investors in a disguised or slightly altered form. For this reason, it is important to not only understand how pyramid schemes work, but also to be familiar with the many different shapes and sizes they can take".


The Scheme:

As its name indicates, the pyramid scheme is structured like a pyramid. It starts with one person - the initial recruiter - who is on top, at the apex of the pyramid. This person recruits a second person, who is required to "invest" $100 which is paid to the initial recruiter. In order to make his or her money back, the new recruit must recruit more people under him or her, each of whom will also have to invest $100. If the recruit gets 10 more people to invest, this person will make $900 with just a $100 investment.

The 10 new people become recruiters and each one is in turn required to enlist an additional 10 people, resulting in a total of 100 more people. Each of those 100 new recruits is also obligated to pay $100 to the person who recruited him or her; recruiters get a profit of all of the money received minus the initial $100 paid to the person who recruited them. The process continues until the base of the pyramid is no longer strong enough to support the upper structure (meaning there are no more recruits).


The Fraud:

The problem is that the scheme cannot go on forever because there is a finite number of people who can join the scheme (even if all the people in the world join). People are deceived into believing that by giving money they will make more money ("with an investment of just $100, you will receive $900 in return"). But no wealth has been created; no product has been sold; no investment has been made; and no service has been provided.

The fraud lies in the fact that it is impossible for the cycle to sustain itself, so people will lose their money somewhere down the line. Those who are most vulnerable are those towards the bottom of the pyramid, where it becomes impossible to recruit the number of people required to pay off the previous layer of recruiters. This kind of fraud is illegal in the Unites States and most countries throughout the world. It is estimated that 90% of people who get involved in a pyramid scheme will lose their money.


Multi-Level Marketing (MLM):

Legal multi-level marketing (MLM) involves being recruited in order to sell a product or service that actually has some inherent value. As a recruit, you can make a profit from the sales of the product or service, so you don't necessarily have to recruit more salespeople below you. And while you may be encouraged to recruit other salespeople whose sales would give you more profit, you can stick to just selling the product directly to the consumer if you choose.

A pyramid scheme MLM, however, will most likely sell a product with no independent value. The product could take the form of reports of some kind, for example, or mailing lists. In this kind of pyramid scheme, you would be required to recruit new members into the MLM in order to make a profit and keep the MLM alive. Joining the MLM is the only reason anyone would buy the products sold by this pyramid scheme.


Ponzi Schemes:

Named after Charles Ponzi, who ran such a plot from 1919-1920, the Ponzi scheme is a fraudulent investment plan. It is not necessarily a pyramid, which is hierarchical. In a Ponzi scheme, there is one person who takes people's money as an "investment" and does not necessarily tell them how their returns will be generated. As such, the people's return on investment could be generated by anything; it could come from money taken from new investors - which means new investors essentially pay off the old investors.


A very prominent case in history of pyramid scheme was launched by Gerald Payne in USA in 1993 details are as follows:


Founded: Circa 1993
Headquarters: Tampa, Florida
Leader: Gerald Payne
Background: Greater Ministries has run a nearly half-billion dollar pyramid scheme
Outreach: Seminars, mail and web-based solicitations
Ideology: Anti-government, conservative Christian, some white supremacist elements
Number swindled: Around 18, 000

Source : (www.adl.org/Learn/ext_us/GMI.asp?LEARN_Cat=Extremism&LEARN_SubCat=Extremism_in_America&xpicked=3&item=gmi)

STATISTICAL DATA OF WWW.GOLDMINEINT.COM :

Goldmineint.com users come from these countries:

Pakistan 82.1% THE HIGHEST TRAFFIC IS FROM PAKISTAN
India8.2%
United States2.3%
Qatar1.3%
Other countries6.0%
Goldmineint.com traffic rank in other countries:
Pakistan1, 496
Qatar11, 030
India156, 134
United States1, 298, 924


(Source www.alexa.com)


OUR CORRESPONDENCE WITH THE NORWEGIAN GOVERNMENT:

When we contacted to the government of Norway, we collected enough proofs to prove our points.We sent an email to an high official in Norway concerning GMI legitimacy .In response they said that they have many registered complaints against GMI and they also warned us not to make any business deal with them.

GMI REGISTRATION AT NORWEGIAN EMBASSY :

GMI claims that they are registered at Norwegian embassy.Be sure that they are not registered and GMI also shows a fake certificate of registration on its website .This issue has been published on Norwegian embassy site.

FIGHT BETWEEN GMI OFFICIAL AND A WISEMAN:

We found an online fight of GMI official and a wiseman.For more info visit below.

http://www.onelebanon.com/forum/showthread.php?t=29119


LAST BUT NOT THE LEAST:

We are working more and more on this scam company and we are also trying to reveal the name of those people who are involved in this company in Pakistan.Till then we beg every Pakistani that please do not invest in this scam company .If we would be able to save a single penny of our brothers then we will assume that our hard work has given good results.

OPEN CHALLENGE TO GMI:

If GMI officials still think that they are doing a legal business in Pakistan than it is our open challenge to them that they should come on this blog and express their views.Although if they think people in the third world countries are stupid, then they are wrong .In the meanwhile we are also working with a local law enforcing agency to investigate the transactions made by GMI in Pakistan and INSHALLAH the GMI officials in Pakistan will be apprehended.

OUR PROMISE TO OUR NATION :

We promise every Pakistani that until we the "SCAM BUSTERS" are alive till our last breath we will save our people from these scam companies.So far we have busted many scams in Pakistan and now it's GMI's turn.


POSTED BY HUZAIFA, JEHANZAIB AT 10:46 PM 156 COMMENTS LINKS TO THIS POST
LABELS: FRAUD, GMI, GOLDMINE INTERNATIONAL SCAM