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.
Read more at Toronto Police News Releases
This article is summarized by Canadian Fraud News Inc.
Marina Burghard writes for Canadian Fraud News about fraud-related cases, whistleblower, jurisdiction, identity theft, consumer protection, etc. – essentially about scams and how to protect yourself against this kind of fraudulent criminal behavior. She holds a Master’s degree in Political Science where her interest in criminology grew. Besides fraud, Marina’s scientific interest lies in terrorism, extremism and how to deal with it as a society.