FIA Raids Finance Company - Goldmine International Office

Federal Investigation Agency (FIA) raided the office of a fraudulent finance company in Karachi and four persons were arrested

According to sources, after receiving a secret tip, FIA raided the office of Gold Mine International (GMI) Company near Maskan Chowk, Gulshan-e-Iqbal.

FIA seized all records during the raid and arrested four persons reportedly responsible for running this deceitful company.


The sources added that GMI was making money from innocent people by trapping them of making huge profits against the purchase of fake memberships. source : SAMAA

GMI .. Warning by SECP ..

Today , I saw public warning from SECP regarding Goldmine International an MLM company .. therefore I thought it right to share with u people ..
have a look at and share with ppl whom u care ...



source : Secp site

GMI is MLM .. Detailed Information

Those who read Sunday Magazine must have gone through some articles written on the subject of Business in the light of Sharia by Mufti Irshad Ahmed Ejaz .

This sunday (20/12/2009)  I read about MLM in the light of Sharia .. It comprehensively covers the Multi-Level Marketing and its consequences on the society .. Mufti sahab has written 2 articles on this subject which are attached in the end for ur convinience ..

After reading the article , I contacted Mufti sahab on his email address in which I asked him to write specifically on GMI in response to which he said that writing specifically is against the policy of Magazine thats y he is unable to do so but he confirmed that GMI falls in MLM ..

Details of my communication are as follows :

=================================================

On 12/20/09, wrote:
Assalam u alaikum sir
I read ur articles regularly published in Sunday Magazine .. I have read ur
article regarding MLM .. I'm also against this .. but I want u to plz write
an article specifically on Goldmine International
http://www.goldmineint.com.. as they claim to be non MLM but their
procedure is same as that of MLM ..
and many of our youngsters are involved in this so called business ...
I have got the fatwa regarding this from the following website
 http://emailzz.blogspot.com/2009/07/fatwaa-regarging-gmi.html
in which the procedure is also defined ..
plz have a look at this and write an article in the light of Sharia so that
we all may get benefit from it ..

Thanx and Regards


Reply from Mufti sahab

Date: Sun, 20 Dec 2009 14:12:26 +0500
Subject: Re: regarding multilevel marketing
From: mufti.irshad@gmail.com

Wa Alaykum Assalaam,

Thank you for liking my articles. In fact writing a specific article
against a partcular company is against the newspaper policy therefore
I can not write against GMI specifically. However I covered all
possible ways of MLM in which GMI does also fall.

Regards

=====================================================

So after all this , I think there is no need for further explanations ..

However , Below are the both articles regarding MLM in Sharia by Mufti Irshad Ahmed

(click on the image for larger view)

92% GMI users are from Pakistan ... Shocking !

Today, I happened to visit Alexa.com ( A leading database of information about sites that includes statistics, related links and more. )  ... I was curious to see the traffic source of GMI as from which countries does the most traffic come from ..
I was shocked to see that nearly 92% of the people comes from Pakistan ..

Here is an extract from the said site ..

visit for all details : http://www.alexa.com/siteinfo/goldmineint.com

This info arose number of questions in my mind that why 92% of the people are from Pakistan only .. As this company claims to be a Norway Company so why no one from Norway comes to this site .. ??? or Is it operating only in Pakistan ??

Even Why no one from europe, like USA, and other countries where people are always in search of quick money ??



Well I know people will argue that ' as GMI is more popular in Pakistan, therefore ,more users from Pakistan '
But I consider this Non-sense because Facebook is also the most famous site in Pakistan, but It doesn't show even 10% traffic from Pakistan
 
http://www.alexa.com/siteinfo/facebook.com

In short , this reality has strengthen my belief that there is something wrong with the so called "BEST BUSINESS" in Pakistan ..
 Best of Luck Goldminers .. !! : D

' Together You Flow '

Whats your opinion ??
plz write below in comment box

SBP / SECP Public Warning

I have got these warnings of State Bank of Pakistan and Security and Exchange Commission of Pakistan regarding the fraudulent Businesses from State Bank's site (reference given below) ...

Here (with black solid lines) is the MLM described as SCAM and it is a well known fact that GMI is MLM ( see here for proof ) .. so , it is cleared that so called "Business" with GMI is not correct either Legally or Religiously (refer for Maulana Taqi Usmani's views) ..

Click here for larger view

click here for larger view

reference : http://www.sbp.org.pk/warnings/index.htm

GMI - Its MLM

Some people argue that GMI is not MLM .. even GMI says this

WE ARE NOT MLM we are BETTER than MLM!

More likely, one option people consider is a "Home based business" but there are many MLM home business ideas out there that promises more than they actually deliver. But not with GMI system! Our Gold Reward Program (GRP) gives you the flexibility to earn an income on your own time. It gives you the opportunity to spend more time with your family, and at the same time, gives you the increased financial security you deserve.

while they themselve have given the Jobs ad @ http://www.rozee.pk/job-details.php?jid=45338
according to which

We are looking for a Multi-Level Marketing Expert. Ideal candidate should have good knowledge of E-Commerce and Network Marketing (MLM). He/She should have strong public relations and contacts. Candidate Should have following skills

- Good Presenter
- Ability to make decision
- Hard working
- Motivating person
- Known to MS Office and Internet
- This job is based in Karachi

More Proofs against GMI

I contacted Pakistan's SECP with a couple of comments and they replied as under,

"M/s Gold Mine International (Private) Limited was incorporated on 26th August, 2003 with Company Registration Office, Karachi. Its registered office is situated at No. 8 First Floor, Crown Centre, Block 13-C, Gulshan-e-Iqbal, Main University Road, Karachi. After incorporation, it filed no return. A visit at the company’s address was arranged and observed that it was no longer operating there. In fact, at the given address, there is an office of a construction company. The representative of the construction company informed that the said company had closed its office many years ago. On checking the website of Gold Mine International, it appears that the said company is registered and operating in Norway. There is no evidence on record that the company registered with CRO Karachi has any link with the Norwegian company. Therefore, it appears that both entities are different from each other"

courtsey : http://www.wiredpakistan.com/forums/viewtopic.php?id=5574

Fatwaa regarding GMI - Goldmine International

Attached is the authentic fatwaa regarding Goldmine International operating worldwide. After reading this you can decide the truth regarding the company. For more details about this fatwaa you can contact Dar-ul-uloom Korangi and talk to Mufti Taqi Usmani Sahab regarding this issue. This fatwaa is 100% Geniune and you can also verify the authenticity by a phone call.

Telephone Number: +92 21 5049774

courtesy : nabeelfaruqui.blogspot.com

GOLDMINE INTERNATIONAL MULTI BILLION DOLLAR SCAM

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......

courtesy : gmiscam.blogspot.com/

GMI -- A BIG SCAM ??

We 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 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

GMI fraud Proofs

• What is Verisign?
• Extensive discussion on GMI (b/w two Pakistani Brothers)
• SECP Report on Scamming Companies in Pakistan
• Binary Model is also a Scam
• Report on Pyramid scamming companies
• Interesting discussion b/w GMI official and wiseman
• GMI has no relation with Norway

courtesy : gmiscam.blogspot.com/