Wednesday, August 6, 2008

Should The Name 'Goldfinger' Have Been A Tip Off Of Trouble...

..for those who sent money to James Fayed?

Writes Paul Huebl at

Goldfinger Coin and Bullion Sales was the apparent brainchild of James Michael Fayed, 45. Today the government says it was nothing more than a $20 million scam...

Author, Ian Fleming created that great spy, James Bond and among others that master criminal, Auric Goldfinger. Goldfinger was a man of unparalleled greed who concocted a scheme to contaminate and make useless the world’s gold reserves starting at Fort Knox, KY. Goldfinger’s plan was to make all gold but his own nonnegotiable thereby dramatically inflating his own immense wealth.

James Michael Fayed had his own scheme for wealth and adopted the Goldfinger name for his business. It was just a decade ago in 1997 when Fayed filed Chapter 7 Bankruptcy listing thousands in debts. Today he was found to have surrounded himself with millions in gold bullion, cash, guns and real estate. Prosecutors say Fayed’s new wealth came from a common Ponzi scheme designed to part investor’s from their money...

Over the years I’ve investigated some really interesting characters that have stolen millions through Ponzi schemes. Some like Fayed have taken dark names for their businesses that should have tipped off their customers such as Quality Screw, Sunovabeach Club and Mein Geld.

Ed Schneider of Quality Screw who bilked his way into a fortune before he went to prison was famous for the savvy businessmen he ripped off. They were almost all accountants, lawyers and physicians.

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