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Report: #1356578

Complaint Review: SMI Swissmetal Inc. - Internet

  • Submitted:
  • Updated:
  • Reported By: Henry — New Orleans Louisiana USA
  • Author Confirmed What's this?
  • Why?
  • SMI Swissmetal Inc. Internet Panama

SMI Swissmetal Inc. SMH Schweizerische Metallhandel Panama S.A. Fraudulent selling of rare and strategic metals in secure,deeded ,insured individual accounts in Switzerland and Panama

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 I purchased metal baskets of strategic and rare earth metals after seeing a presentation by Knut Andersen ,CEO of Swissmetal Inc,at a prestigious investment conference .They had been in business since 2012 ,and my internet search on the company indicated that they were legimate.They promoted that the metals would be held in the individual's name and be deeded,insured,and routinely audited by an outside agency,and would be located in secured vaults in Switzerland and Panama. I received my deeds of ownership as promised.However, in October 2016 all investors received an email stating that due to company losses they would have to liquidate all the holdings and would get back to us soon after the inventory assessment.However,I never did hear back from them,and have not been able to contact anyone in either Panama or Switzerland.Also the attorney representing the liquidation,Fernando Aleman of AlemanHerrera & Associates of Panama,has not followed up since the original email. Any other investors in this fraud may contact me so that we can determine the best way to proceed.

This report was posted on Ripoff Report on 02/16/2017 04:10 PM and is a permanent record located here: https://www.ripoffreport.com/reports/smi-swissmetal-inc/internet/smi-swissmetal-inc-smh-schweizerische-metallhandel-panama-sa-fraudulent-selling-of-rar-1356578. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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