GGMT - TGI - Goldcrest - Scam

[Eratosthenes]

For our English speakers from Ghana, here's a place for translated posts from the German thread.

In the latest TGI AG video (No. 35), Helmut Kaltenegger tries to explain where the Gold Crest Refinery's insane profits are supposed to come from.
Spoiler alert!

Helmut has no idea about compound interest.
Helmut's tomato merchant is a multimillionaire.

A brief summary of the claims:

Goldcrest generates a monthly net return on capital of 11%.
Helmut receives more than half of this, 6%.
He passes 2/3 of this on to the paying sheep, 4%.

Payouts are not made monthly, but after 36 months, during which Goldcrest reinvests the profits.

Let's assume that a paying sheep pays € 1,000 into TGI. According to the above calculation, this results in the following increase in value for Goldcrest.

After one year: € 3,498.45
After three years: € 42,818.08
After 5 years: € 524,057.24 (if the above amount is reinvested)
After 10 years: € 274,635,993.25 (if the above amount is reinvested)

Goldcrest transfers the following amounts to Helmut and Katarina.

After one year: € 1,908.25
After three years: € 23,355.32
After 5 years: € 285,849.40
After 10 years: € 149,801,450.86

As a reminder, this is for a one-off investment of € 1,000.00. If Goldcrest (after all, the company of an Indian billionaire dynasty, according to Mr Kaltenegger, and therefore certainly creditworthy) were to borrow this amount at 10% interest per year from its house bank, the following sums would result:

After one year: € 100.00
After three years: € 300.00
After 5 years: € 500.00
After 10 years: € 1,000.00


At least rather than in the variant in which Goldcrest pays money on top after three years just so that the paymaster investor takes the gold! Otherwise it would have to be thrown away and that would be a shame.

It would be interesting to know whether the Indian billionaire and CEO of Goldcrest Refinery, Amardeep Singh Hari, knows about these deals with TGI AG, or what he will tell the Handa couple (Punar Vasu Handa; Niharika Handa) when he hears about them.

[Eratosthenes]

Here is the link to the original article in German. 

https://forum.psiram.com/index.php?topic=16609.225

[Eratosthenes]

Twitter's AI on TGI AG Liechtenstein's business model: :sceptical:

TGI AG's business model has been criticised by various sources and described as potentially fraudulent. Here are some of the reasons cited in the web results:

Unrealistic discounts: TGI AG offers gold purchases at high discounts, which experts say is economically incomprehensible. It is argued that no reputable company would permanently sell gold below market value without incurring massive losses. This casts doubt on the viability of the business model.
Delayed delivery and lack of delivery: Customers have reported that they have had to wait for their gold deliveries or have not received them at all. This is interpreted as a sign of fraud, especially if the company continues to acquire new customers despite delays.

Legal problems and charges: Helmut and Katarina Kaltenegger, who are associated with TGI AG, are on trial for serious fraud. This relates to earlier business activities under the name GGMT Trading, where they are alleged to have defrauded customers of millions of euros. It is suspected that the business model represents a Ponzi scheme.

Negative equity situation: TGI AG's balance sheet shows negative equity, which raises doubts about the financial stability and sustainability of the business model.
Lack of transparency: There are reports that the company does not provide sufficient transparency about its business processes and financing, which undermines confidence in the integrity of its operations.


These points together indicate that TGI AG's business model is considered by many to be fraudulent or at least very risky. However, it is important to emphasise that the legal guilt or innocence of those involved has yet to be determined in court.

Translated with DeepL.com (free version)

[Eratosthenes]

In short.

1. Helmut Kaltenegger claims that his company TGI AG or GGMT Revolution GmbH is worth 230,000,000.00 euros. (230 million).

2. this value would result because two gold smelters in Ghana pay hundreds of per cent interest on the loans they receive from Mr Kaltenegger.

3. whoever believes this is to blame.

P.S.

The publication of the 2023 annual financial statements of GGMT Revolution GmbH has been overdue for more than two months.
https://www.northdata.de/GGMT%20Revolution%20Vertriebs%20GmbH,%20Wien/436213s

Translated with DeepL.com (free version)