Barnaby Milbourn, the Director, is a Level 4 trained Fraud Investigator Cert IFCI (Incident, Fraud & Claims Investigation) and Member of the Association of IFCI, as well as having 2 Degrees and a Masters in Engineering and Geology.The service we provide is to act as a secure intermediary between buyers and sellers, to transact your deal safely negates all these risks and brings our wealth of knowledge into your deal.A thousand dollars may not be much for you but most Gold comes from countries where a 00 goes a long way.
Or alternatively get us to do it for you, we are one of the largest buyers in Africa and have a proven track record, why go anywhere else and risk it?
These funds are not to be paid out until completion of the deal, giving the buyer security.
Unfortunately these can be monetised or used as proof of funds to then go out and purchase Gold to sell the buyer. This can even be done with an MT799 which is only a swift message of proof of funds between banks, but can be used to flip a deal once the scammer has proof of a willing buyer with funds. With so many gold offers around scammers reuse documentation photo shopping signatures from one to another.
A variation on this theme is the girlfriend or boyfriend befriending you and then promising to come visit / marry and just needs a few thousand dollars to release gold to sell to cover their trip. There are many variations on the scams listed and of course every one will claim that they are the real thing and have had problems with fake buyers before and dont want to get caught again.
(In some cases it may be true) The main lessons are not to put any money up front and not to send documentation out to someone you don't know.