Expert: Dr. Joseph de Beauchamp - 6/30/2006

Question
Hello,
Can you tell me about buying E-Bullion ? Some friends are getting into this and from what I"ve read on the internet sites that do this they proclaim intrest payout of 1.8 % to 5 % daily compounded. This seems to easy and to good to be true. Do you have any knowledge of the positives and negitives of this type of investment for a beginner like myself.
Thank you for you help !!

Answer
John,

Sorry but this is too good to be true. Tell your friends that they are being scammed. Tell them to report this to the FBI in their area. Be very careful to not take any and all calls from these people whom profess this type of investment. Give them no account numbers or social security numbers. The FBI is a good place to discuss this, and will keep you out of trouble in the future. I know a person whom did not report this, and got their entire banking accounts frozen, so be very careful to report this immmediately.


If this causes you some grief, terribly sorry. After 32 years, I just try to keep people out of jail over this kind of monkey business.

Dr. deBeauchamp