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)

[Eratosthenes]

from: Skeptiker2024 on Today at 10:41:43
No Prof Raschauer to be seen either

According to north data, VR hasn't been around for a while ...

You'd think the rats would abandon the sinking ship. I wonder if Dr Mohrenschildt and Prof Raschauer wanted to see TGI's contracts with Goldcrest and Golden Empire? Did they do the maths? Did they not want to be associated with a Ponziscam? Is the public prosecutor's office in Liechtenstein already investigating Kaltenegger? No need to speculate and the presumption of innocence applies.

13.12.2024
No longer Managing Director: A. Th. Mohrenschildt - No longer Chairman of the Board of Directors: IVS Institut für Vermögenssicherung Anstalt

https://www.northdata.de/TGI%20AG,%20Vaduz/FL-0002.646.647-1

However, I would have bet that I would have seen Prof Raschauer in one of the last TGI AG videos as a cheap Jako, applicant for the gold and share scam.

It's also a pity that so many TGI AG and GGMT Revolution videos can no longer be found. Or can anyone still find videos no. 1 to no. 34? (Except on my hard drive) I wonder if evidence is to be destroyed? see above.

Translated with DeepL.com (free version)

[Eratosthenes]

Skeptiker2024 on Today at 09:16:37
It seems to me that Golden Empire has also disappeared again ...

But TGI AG does not appear anywhere on the Gold Crest Refinery homepage, not even under: 'Our partners'. Just as little as the 'Invisible Handas', Niharika Handa and Punar Vasu Handa, by the way.

But as Grok, the artificial intelligence on Twitter, writes so beautifully:
'To summarise, Niharika Handa is not identified in available sources as a known manager in Ghana.'
...and:
'Punar Vasu Handa does not appear to be a prominent person mentioned in general web results or current social media.'
*There are no sources directly linking him to Goldcrest Refinery Limited.

Translated with DeepL.com (free version)

[Eratosthenes]

Apart from all legal considerations.

The basic lie remains:


Goldcrest pays back three* euros for every euro it receives within three years.



And this despite the fact that with a normal bank loan, it would have to pay a maximum of 30 cents for this euro over this period.

Anyone who invests with the Kalteneggers believes such nonsense.

*The approximate sum of all payments, bonuses, sales costs, the Kalteneggers' loot and commissions.

Translated with DeepL.com (free version)

[Eratosthenes]

Without guarantee, the trial for serious fraud against the Kaltenegger family and Mr Scheller, or Aulicio, TGI AG and GGMT, can be followed live on 8 January 2025 from 9:30 am, Landgerichtsstr. 11, 1080 Vienna, in room 303 on the 3rd floor.
The case number is 122,HV,9,23 if I have deduced this correctly.

[Eratosthenes]

Here are some links to records of court proceedings in India that the CEOs of Gold Crest Refinery, Ghana, Amar Deep Singh and Niharika Handa, are facing. It is probably about the accusation of fraud in property sales. The presumption of innocence applies, especially as the proceedings do not yet appear to have been concluded.

Amardeep Singh vs The State  1

Niharika Handa vs State

Amardeep Singh vs. The State 2

[Eratosthenes]

Where does the sudden interest in the
GGMT - TGI - Goldcrest - scam? Has anyone mentioned Psiram anywhere? The number of hits is going through the roof.

[Eratosthenes]

The AI answers:

The sudden increase in calls in the Psiram forum on the topics of TGI, GGMT and Goldcrest Kaltenegger can be attributed to several factors:

Legal proceedings and media reports: there are reports of an upcoming fraud trial against Helmut and Katarina Kaltenegger in Vienna, which arouses public interest and stimulates discussions in the forum. These media reports and the associated legal consequences could prompt many users to find out about the details and background or share their experiences.

[...] The discussions on Psiram provide a platform for experience reports, warnings and analyses, which is particularly attractive when it comes to potential Ponzi schemes or allegations of fraud.

 [...]The topics of GGMT and TGI seem to fall into this category, leading to intense discussions as the community is geared towards warning potential victims of dodgy investment offers and educating.

New developments and corporate changes: The relocation of GGMT's operations to Liechtenstein and the change of name to TGI AG could generate additional interest as this often indicates attempts to start a new business phase or circumvent existing problems. Such corporate changes are a magnet for discussion, especially when they are accompanied by controversy.