Gold Scam | wealthymatters

Beware Senco Gold And Amazon

December 23, 2016 Leave a comment

Beware of ordering anything from Senco Gold Jewellers, Kolkata and the authenticity of reviews on Amazon.in

Here is the review of my order from Senco that Amazon won’t allow on its site :

Avoid Company And Products At All Cost.

1.Charged More than shown online.
2.Very Late delivery and had to resort to multiple phones to get goods or refund.
3.Delivery company opted for by company tries every means of force and fraud to illegally acquire your PAN/Aadhar photocopy.
4.No reason to believe that sellers themselves might not be involved. Mobile numbers they disclose via e-mails are not in existence.
5.Simply no peace of mind after placing an order with this seller. Or even finally receiving the product.

I placed a minor order on Diwali Day. One of 3 on Amazon. No problem with the rest of the Sellers.

In the case of Senco ,order was delivered only after evoking A-Z Guarantee.

Courier is a private party engaged by the jeweller.

Beware of Safeway, the couriers, even after supposed instructions to the contrary by the jeweller and their own higher ups, attempted to forcibly steal PAN details.

In the days of raids on jewellers, caught on the wrong side of demonetization, not knowing if all copies of my PAN that the delivery person tried to steal was destroyed, is giving me no peace of mind.

Who wants to unwittingly provide cover for the hard to explain/unexplainable purchases of others?

Filed under Precious Metals Tagged with Amazon, Amazon fraud, Amazon Reviews, Amazon Reviews Manipulated, Amazon Reviews Paid, Amazon Scam, Amazon.in fraud, Amazon.in scam, Blackmoney, Blackmoney Gold, demonetization, ED Raid, Gold Fraud, Gold Scam, identity theft, IT raid, PAN Fraud, PAN Scam, postaday, Senco, Senco Gold, Senco Gold Fraud

Chinese Gold

January 20, 2011 1 Comment

Here is a piece of news I came across.Since so many Indians consider shopping in HK these days I think the following clipping is a must read.

Fake gold scam hammers Hong Kong jewellers

With the gold price sitting at record highs, Hong Kong jewellers and pawn shops have been hammered by one of the most sophisticated scams in which hundreds of ounces of fake gold were traded in the market.

The gold-mad city has woken up to a massive scam as investigators discovered that at least 200 ounces of fake bullion, worth about $250,000 have been traded at the island`s fabled jewellery souks so far this year, Financial Times reported.

“It’s a very good fake”, said Haywood Cheung, president of the Chinese Gold and Silver Exchange Society, Hong Kong’s hundred year old gold exchange, highlighting how criminals are developing new techniques to commit an age-old fraud.

Though officially only 200 ounces of fake gold was recorded as traded, Cheung estimated that 10 times that amount might have infiltrated the retail market. Describing the swindle as ” one of the most sophisticated scams to hit Hong Kong gold market in decades”, the Financial Times said it has come when the price of gold has soared to record highs of $1,400 an ounce.

In one case, executives discovered a pure gold coating that masked a complex alloy with similar properties to gold. The fake gold included a significant amount of bullion — about 51 per cent of the total — alloyed with seven other metals: osmium, iridium, ruthenium, copper, nickel, iron, and rhodium. Read more of this post