Switzerland: gold firm collapses — 80 million francs missing

A firm in Zug promised investors safe gold with fixed returns. After bankruptcy, investors are looking for 80 million francs. Only a fraction of the physical gold existed.

Warning signs

  • Fixed returns on a volatile asset
  • Stock never independently audited
  • Sold through personal referrals

What to do

Secure contracts, involve a lawyer and your bank, and file a criminal complaint.

Source: Zuger Goldfirma konkurs – Anleger suchen 80 Millionen Franken