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Global Royalties Limited - BEWARE !
In 2005 I was approached by Global Royalties Limited to invest in Gemstones, the Company seemed to check out alright and in September that year I agreed to invest in a pair of Ruby Gemstones at a cost of about CDN$4000.00
A few moth later I was contacted by Global Royalties and was told that my Ruby’s had increased in value and I should move up to an Emerald which would be a stronger position, as I had made a modest profit on the Ruby’s I agreed and invested about CDN$11000.00 in a 1.10 ct. Emerald. I was told to expect to hold it for six to eight month at which time it should fetch about US$13000.00, and sure enough a few month later they called to say that it had gone up indeed and it would be wise to add more cash and invest in a larger stone.
I asked them to sell the Emerald before making this decision and this is when things changed, now the story was that the Emerald could not be sold at this time as there was “no market for stones that size” and “to be patient”. Well, I have been patient for four years, seems their only interest is to keep selling you more expensive gems with the promise of big profits which never materialize.
I have all documentation regarding my transactions and if you would like more details about my experience with Global Royalties feel free to contact me. [protected]@telus.net
The complaint has been investigated and resolved to the customer’s satisfaction.
Update: As Global Royalties shows no interest in resolving this I decided to check with a a legitimate gem dealer (not a pawn shop or such) as to the real value of this emerald. According to them it is worth about US$3500.00, nowhere near the $11, 000.00 that Global Royalties charged me for it. I was also cautioned about the clarity enhancement present on this stone, which could make it worth even less. Next it will have to be removed from the casing to get an accurate appraisal.
If they can't sell it for you then why don't you just sell it somewhere else yourself, post it on Ebay or something. Some people are absolutely helpless! I've bought stocks, precious metals, real estate, gemstones, colored diamonds, you name it, sometimes you make money and sometimes you don't. I have property that I could have sold within days of listing it had I sold it a few years ago that I probably couldn't give it away right now. That's the way it goes, be man and either sell it for what the market will bring or keep but quit crying like a baby for the whole world to see! No one wants to take responsibility for their own actions anymore, irritating!
It's one thing to loose money on an investment, but another to get scammed out of your savings by con artists. Shame on Global Royalties.
I had the same situation as Gunter246 except that I only purchased the first Ruby. They of course quit calling after I would not move up without the ruby being sold. After a couple of years I called to see if it could be sold and of course got the "be patient routine" and no call back for over a year. I am not that concerned about the money but think people should know it is a scam.
My infirm father was conned out of much of his savings by global royalties. After reading the above complaints I see now how they were able to keep getting money out of him in incrementally increasing amounts. The story I was able to gather is the gems and jewellery are taken to some big jewellery trade show in the middle east and sold to oil rich royals. Its a total pie in the sky scam, what ended up happening is as my fathers conditioned worsened and he needed to get his money out for medical bills it was unavailable. These people a heartless vultures of the highest order. Avoid any dealings with them. Stopcrying123 is no doubt a shill for the company.
I was solicited out of the blue by Global Royalties as well. A nice kit showed up in the mail, videos, pamphlets etc. I was somehow talked into buying the first Ruby but started to question the whole process during the initial transaction. I guess I should have listened to my gut instinct. Only after i gave them the money i decided to check up on the company with BBB and other complaint boards only to find what I suspected that it is a scam. I have a little red stone in a nice attractive box at home. I have contacted them several times over the past number of years to see if they would sell it for me and received the same story to be patient etc. I have all the email correspondence on the matter for back up. Hard to believe they have not been able to sell one small "ruby" over the course of about 6 years. I'm not holding my breath. I only hope others do a bit of research before sending the folks at GR any of their hard earned money. They are a scam it not an investment.
Gunter, This is exactly what happened with me. They always would say that "be patient". I just had a fellow call me to say the Global Royalties is in receivership and he has been given the task of helping people liquidate their holdings. I'm not sure if he is legitimate or not yet, but I don't know how else he would have my number and that I purchased from Global Royalties.
Hi all,
I would not be surprised if they are in receivership. Their phone numbers are disconnected and their website is gone. I guess I'm screwed. Well at least I have gem stones that are worth probably less than half of what I paid for them. I have already filed a complain with the BBB but that will do nothing if the company doesn't exist anymore. Not sure if a lawsuit is even plausible at this point. Global screwed over a lot of people over the last few years and I am unfortunately another one. Should have done way more due diligence first.
Be careful if someone calls you about selling your gems that you purchased from Global Royalties. They give other scam artist your contact info. I have been contacted in the past by about 6 other companies or individuals. If we can find Brandon Hall then, yes we can take legal action.
I also have been "taken to the cleaners" by Global Royalties and I can tell you from experience that a civil legal action does not scare these types. However a criminal action brought by a large enough group of people can result in real jail time for these crooks. The likelihood of recovery (in my opinion) is extremely low but gets less with time. As a US citizen there are several government agencies that regulate and investigate consumer investment fraud. The Securities Exchange Commission, US Secret Service, state Attorney General"s Office of Consumer Affairs as well as others. I am not sure what the corresponding Canadian agencies would be but they need to be contacted IMMEDIATELY by a Canadian citizen. I have some resources in the US Secret Service that I will reach out to but I am not sure of there reach outside the US. There is strength in unity and we need to locate as many people in the same situation and alert the proper consumer agencies pronto!
I've been contacted by a fellow with a diamond business and a website in the Toronto area. He has a deal for me to trade my emerald up to a fancy yellow diamond, and then he is going to buy the diamond from me in a couple months in order to fulfill a $20m to $200m contract to supply diamonds. He has supplied me with a picture of the diamond, along with a certificate and appraisal of it's worth, and his website has quite a few diamonds listed, as well a category for emeralds. The proposed trade sound too good to be true, and the greed in me wants to take the trade, but my stomach is telling me to take it easy. I'm not at all interested in owning another gemstone that I can't get rid of, in the event that he doesn't buy the diamond from me in a couple of months. He has a big hook in that I get my original purchase price of the diamond back plus $5k profit. I asked him how he got my name and information about my emerald from Global Royalties, but I couldn't follow what he told me because it was very general and evasive. I also asked him why he just wouldn't do the deal directly with the diamond owner. He said that the guy wasn't a member, but he didn't say what he wasn't a member of. Has anyone else been approached with a scheme like this?
Jose Cactus, that is a scam, that is how they opérate, plus yellow diamonds arent that that valuable and not to many people want them.
Trust me same situation you had and I went from a nice pink diamond to 2 yellow ones.
No I am stock with them Global Royalties only said we are slow now but call in the Winter and see what we can do!
I suggest that we get here the name of the all the people that work there and search for them online and tag them online.
I dealed with David Brook.
Guys, there is also another website with complaints about Global Royalties /link removed/
Is there some way we can all communicate and start some sort of legal action? I found a precedent lawsuit that sounds pretty similar to what we have experienced http://www.crimes-of-persuasion.com/Crimes/Telemarketing/Outbound/Major/Investments/gemstones.htm
I was scammed by Global Royalties approximately three years ago. They contacted me out of the blue to purchase a ruby, then a small emerald, and then a larger emerald. When I wanted to sell they (William Brown) told me that in the sales contract I signed, I could expect to wait a minimum of five years before I would be able to be in the position to sell. I am sure many of you reading this have experienced a similar situation with the company. The only piece of good news to come of this is that it appears this scam of a company is finally no longer in business according to their website that is no longer in service and the toll free and 905 area code number no longer in service. I would like nothing more to see these people suffer with stiff penalties that would likely pale in comparison to what they have done to countless victims such as readers of these complaints. The people I have dealt with or had conversations with while GRL was still in full scam mode, are David Brook, Brandon Hall, Danny Matar aka Dikhran Katcherian, and William Brown. I would be more than willing to support and join any sort of legal action against these above listed individuals. I have also experienced that GRL has sold their contact list to whomever and now have started to receive calls from these "companies" trying to "help" with my situation. Does anyone have a line any reliable company that will be able to sell these gemstones for victims of Global Royalties? One such company that has contacted me recently is Escade Diamonds, are they a trustworthy company working in the customers best interest, or just another rip off waiting to happen? I appreciate any feed back from anyone.
I was also scammed in all the ways described above. I dealt with Robert Wilson, Geoffrey Black and Tammy Ruscillo who knows if these are the real names. If anyone has more info please share we all have one thing in common we all fell for the deal. Besy to luck to us all.
No one is going to "help you" get out of your diamonds!
That money is lost, gone, vamanos. The only thing those companies that are trying to "help" will do is take more money from you.
Those stones that you purchased had a minimum 3-400% mark up. Do the math. A stone you bought for 10k is worth about 2500 wholesale, which means someone buying it from you is gonna offer 1500 max.
Next time be smarter with your money. Diamonds are not an investment!
Hey Everyone,
For anyone trying to find these people, my best advice would be to look on job boards (indeed, workopolis, monster, etc. - make sure you're looking at the Canadian versions and using the resume search functions). Since the company is now out of business, I'll bet you'll be able to find their resumes and contact information to pursue litigation.
Also, this might be interesting to anyone who dealt with "William Brown": http://wgranvillebrown.com/
Good luck, guys!
Hello, We have also been scammed by Global Royalities working out of an office in Mississauga with a total investment of almost $90, 000.00 over five years. Their office has been shut down, no forwarding address left with the new business that is there now. The people we dealt with are David Brook, and Brandon Hall.(not for a few years with him). We are booked to take in the last large gemstone (we purchased after numerous trades up, and had made into a ring), to be appraised near the end of Jan/2015. Then we will know it's true worth and can better know where we stand. We are also in the midst of talking to the RCMP. Everyone who feels they have been a victim of the Global Royalties scam should go to the RCMP. Back in the comments someone posted a link to a similar fraud scheme which ended about 1996. Note some of the names, all very consistent with Global names, just variations of first and last names No doubt in my mind it is some of the exact same people. Here is the link I was talking about: http://www.crimes-of-persuasion.com/Crimes/Telemarketing/Outbound/Major/Investments/gemstones.htm
Do not write this off as a loss (except for your taxes :)), report fraud, fight this, so others don't get taken like we did.
I have also had somewhat similar experience to those listed above. My dealings with Global started about 10 years ago, several trade-ups to end up with a very large emerald ring. I was always treated well by Global in terms of their following-through with their offers in a punctual manner. They tried to sell my stone in Dubai twice at a high end jewellery trade-show with Sheiks and Princes attending etc. I think it was legitimate because I saw the video and actually saw my ring in their showcase. i think the problem lies in the true value of my stone which I believe is much lower than what I paid and hoped it was worth. I tried to consign Christies to sell my ring but they were not interested. I suspect they smelled something rotten and do not want to be associated with it because of it's origin being from Global Royalties. I am not convinced that I would have any legal grounds to sue. Is it any different than paying too much for a used car?
Has any of you open a FILE complain with the RCMP so we can all do the same?
Thank you
I have be dealing with them fro about two years now and they seem to have gone out of business. But has anyone been contacted to trade their diamonds for stocks? specifically Microsoft stocks? I have a company out of Antwerp that says they have a buyer for my diamond and he wants to trade stocks for it. I would like to know if this is for real or just another scam? please if anyone has anymore info on this it would be much appreciated.
I too was had by Global Royalties to a significant amount. I have looked into legal options - there is strength in numbers. Anyone interested in learning more please contact me at 10hrshmr10@gmail.com. FYI - a police file is open.
I have also been taken in by GR for a significant amount. I have looked into legal options - there is strength in numbers. Those wishing to discuss please contact me at 10hrshmr10@gmail.com. FYI - a police file has been opened.
The Global guys are now at Griffin and Highbury Inc. in Mississauga. Geoff Black David Brook etc.
The Global guys are now at Griffin and Highbury Inc.
Brandon Hall and Diko are back at it again at BCI Diamonds on Kittimat Rd Mississauga. He screwed us all and sold his building. Now they are back again. Same characters. Same scam. I was called by David B at BCI so he is definitely there. There are some message rooms looking to go after Brandon . He sold us goods that were way overvalued. If you are a Global Client scammed you can reach him at
6635 Kitimat Road
Unit 30
Mississauga, ON
Tel: [protected]
I see the last post is from Toronto so probably another scammer trying to eliminate his competition. I suspect Geoff Black of Griffin and Highbury.
Let's get this right.. Diko has his own company in Toronto called Diversity Wealth Management. He used to work at Global with Geoff Black and Brandon's partner David Brook. I think he worked under these two. Word is that David and Geoff stole Global's client list. It appears David is no longer at Global and is working with Geoff. Just Google who owns Griffin and Highbury Inc. and you will see Geoff Black is the president. If we want to go after someone let's go after the actual guys that spun the stories.
I have discussed legal options with fraud specialist lawyers and with several people who have also been taken in by Global Royalties and who are interested in pursuing legal action. However there is strength in numbers, not only w.r.t. chances of success but in reducing costs for each party. Anyone interested in learning more please contact me at 10hrshmr10@gmail.com.
I have bought gemstones from Global and David Brook over the last several years. Recently I was contacted by Cesar Rojas with the Mundano Group about selling my gemstones. They have offered a great price for some of my stones.
Has anyone heard or dealt with these people?
I have also dealt with David Brook and have a few diamonds that I have invested in. 20K, I only found out today through these blogs that Global Royalties no longer exists. I guess I have three beautiful diamonds that will eventually be made into jewelry.
If anyone out there has any further information on this company let me know. How about Genesis Diamonds ?
Escade will be no better. They want you to put more money in via advertising etc and if you don't they will drop you. I offered to vastly up the commission if my piece sold(which of course would likely happen in the next 15 days) and they quickly ended the call. Just trying to milk a little more
Where can we find David Brooks
They keep on selling mailing list to other companies.
Can we organize to take them down
Where can we find David Brooks
They keep on selling mailing list to other companies.
Can we organize to take them down
Anybody have any dealings with Bob Ellis and Eric Castor...
Guys, nothing good is going to come out of these fly by night operations.
Scam you, take your money and shut down.
Reopen next day. My suggestion, ask to meet these people in person.
Take the gem to your own appraiser and you will get the answer you are looking for, marked up to the hilt.
These losers can't keep a job.
As you can see none of them have the b----- to back their product or answer back on this site.
Shame on you boiler room punks
I just sold my 29 ct emerald necklace on ha.com. It sold for $32, 000.00. Not bad but six years ago I paid $320, 000.00
Ouch! I'm not wealthy, my yearly pay is about $65, 000.00. The old rule... never put all your eggs in one basket
I think I'll go throw up now...
My firm specializes in securities and criminal fraud. We currently represent many investors whom had dealings with Global royalties. We have a plan to help our clients recovery their looses and end David Brooks scamming days. If you are interested in recovering your money contact me.
JW Vickery
[protected]
Hello, this interests me as I was an investor with global royalties and Griffin & Highbury between 2009 and 2015. I still have no idea what is actually happening
How can I get into contact with you
Updates & Rebuttals
#1 Consumer Suggestion
Colt Ledger Fraud Real Name - Henry Hill.
AUTHOR: Colt Ledger Fraud - ()
SUBMITTED: Saturday, June 29, 2013
Colt Ledger isn't going to like this.
Colt Ledger Is A Fraud, So They Say!
At the end of the day, we discover a "snake in the grass" one investor says, ready to exploit people when they are encountering times of helplessness and transform them into another scam. The scammed client said, "This snake is Henry "Blue" Hill, and he passes by the name Colt Ledger, J.w. Vickery around others." For the purpose of this report, we will ask you togo www.coltledgerfraud.com and checkout his information.
It seems no matter where you turn, someone is waiting to rip you off. Our inboxes drown in spam and phishing messages that attempt to discover information or account credentials of colt ledger. A large percentage of the social networking content we have researched suggest that colt ledger has designed a system to take away more money from investors that have already sunk hundreds of thousands of dollars and in some cases millions of dollars into legitimet companies. It seems that everywhere we look there is a scam. ColtLedgerfraud.com is a great resource for both investors and business owners who have been affected by the alledged scammer Henry Hill aka Colt Ledger. This is the website on an investigation of the alledged scams of www.coltledger.com I recently uncovered on www.complaintsboard.com, /link removed/ and other review authority sites that populate throughout the internet.
It gets worse for Colt Ledger debut.
The SEC and FINRA are receiving 10 to 20 reports a month to investigate what really happened in this so called, investigation scam. Are the supposed scams really scams, or are you just paying Colt Ledger aka Henry Hill a fee to libel and slander your investment? Find out why this may turn your investment into turmoil after paying Mr. Hill's fee. According to previous clients and other sources, we were told, "There is no investigation, he simply takes a percentage, trashes the name, and collects fee(s), good scam I guess.
FINRA chairman Richard Ketchum should be looking at whether or not www.coltledger.com is really producing positive results or just generating negative news for institutional clients without telling the public at large.
SEC Chair Mary Shapiro needs to make a statement. We've been told from many sources who have done business with Colt Ledger that they think there is a lot of reason to have not have confidence in the Colt Ledger And Associates scam due to the terryfing results that have been collected. One scammed investor says, "but there are issues that we need to look at specifically, his books, his real name, for goodness sakes why does a transparent, truthful investigation company not even use his real name, Henry Hill I said it."
Everyone needs to goto these government sites and find out if they can do anything.
www.FINRA.org, www.sec.gov
The Securities and Exchange Commission (SEC) Needs to know :This company was just formed to rip off people who made investments. THey charge a huge up front fee and an additional fee when they recover funds. They do not recover any funds. THey make their money on upfront fees and dont do anything. They prey on that have lost money in private placement. They dont bother to check out if the company is good or bad. They are going after people that are hoping to recover money. Report these people to Tenneesee attorney General immediately! [protected]
Do not send this man your info. Another scam. Look up colt ledger!
I have been looking for these people! Bought a stone from a Dale years ago. Then this English guy David Brook traded me up into Emeralds. I have lost nearly $50, 000 US! Then Global Royalties shut there doors and moved. I called many times in the past and spoke with a William who assured me there were buyers for my Emerald. I think he was putting me off. Now I have them calling me as BCI ltd. When I did a number search it came up with a website and name of http://www.benchmarkconversion.com/ . Then I was called from this Dominick guy who is very pushy. I have been told that global is re open and were only temporarily shut down. They are located at same location as this Benchmark Conversion people. Can someone explain how the owner of this company and the staff are able to still be operating?! I see that some people have called the police. OPP should be called on the owners. Global and BCI are still open and taking money from people.
Are the stones fake? Or it is the loss of many trade in values, as I have also invested 206 000 usd between global royalties, Griffen and highbury who is now acquired by Aperge diamonds
I too have been taken by Global Royalties. Now Escade Diamonds are calling me and have offered to sell my emeralds for a very high price. However they want 650 USD to list them. Has anyone heard of Escade Diamonds?