Toronto Police Financial Crimes unit is currently investigating a gemstone investment fraud that has left multiple victims with gemstones valued at a fraction of what they were purported to be worth.
Representatives using the names “Royal Fine Jewels” and “Nygard & Associates” represented themselves as fine gems and jewelry sales and marketing businesses.
Individuals contacted by these representatives had previously bought gemstones as investments from a company called Global Royalties Limited. They were promised generous returns on their original investments if they began marketing with these businesses.
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