• Report: #972306
Complaint Review:

World Capital Mutual

  • Submitted: Wed, November 21, 2012
  • Updated: Mon, February 18, 2013

  • Reported By: Tod — Las Vegas Nevada United States of America
World Capital Mutual
1110 Brickell Avenue #407 Miami, Florida United States of America

World Capital Mutual World Capital Gold, Mark Cetola, Mark J. Cetola Mark J. Cetola of World Capital Mutual is scamming gold buyers Miami, Florida

*Author of original report: Mark J Cetola is currently under investigation

*UPDATE Employee: Any Proof?

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World Capital Mutual aka World Capital Gold is not a legitimate gold seller/broker.  I briefly worked with Mark J Cetola before I learned that he was scamming people and quit.  Mark Cetola is set up in a little executive suite at 1110 Brickell Avenue #407, Miami FL 33131 he has about 30 reps that either scam people into paying for gold that they will never receive or scam them into buying leveraged gold and silver that does not exist.  He pays his reps huge commissions to scam people. 

Mark J Cetola of World Capital Mutual aka World Capital Gold has been a longtime scammer and has a history of tricking and deceiving people in whatever sham he may be doing at the time. 

Mark Cetola of World Capital Mutual has his company claiming to sell gold at below market prices, this helps him undercut the competition and  get investors looking to save on their gold investment.  the only thing is they will never own physical gold, it will never show up.  The paper gold / silver trade he is doing is a scam too.. [continued below]....

Mark J Cetola also rips off his employees he will not pay them from what I hear.  I'm sure this scam will not last as I will be reporting him to the attorney general Friday morning but if you have had a call from Mark J Cetola, world capital gold, world capital mutual or any of his conspirators you should run, once you wire the money it is game over.

This report was posted on Ripoff Report on 11/21/2012 02:56 PM and is a permanent record located here: http://www.ripoffreport.com/reports/world-capital-mutual/miami-florida-33131/world-capital-mutual-world-capital-gold-mark-cetola-mark-j-cetola-mark-j-cetola-of-wor-972306. 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.

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Updates & Rebuttals

#1 Author of original report

Mark J Cetola is currently under investigation

AUTHOR: Tod - (United States of America)

Mark J Cetola is currently being investigated for fraud by the Florida Attorney General and Miami-Dade County Police department.  There is no gold.  There is only wire instructions to a third party in which you will lose your entire investment.

A sophisticated investor will be able to see Mark J Cetola's Sham from the start, however a novice will not know the difference. 

Please do a check on his business address.  It is a virtual office.  This is very similar to Mark J Cetola World Capital Gold , World Capital Mutual Business.  It is virtual .  It does not exist.
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#2 UPDATE Employee

Any Proof?

AUTHOR: WCM - Rebuttal - (United States of America)

Tod ****, residing on Las Vegas drive, wrote this report without proof or cause.

I can prove the following, that Tod was a 1099 contractor associated with WCM for a short while and brought no business whatsoever to the company, making it impossible for his "non-delivery" claim to be valid.

Also the police report filed against Tod **** for stalking, obscenity laced constant communications, and violent threats.  Use the 888 # listed to get copies of the documentation mentioned.

Tod **** should now provide any and all proof he has in regards to the following accusations:

- That WCM has at anytime, anywhere failed to deliver Gold to a client

- That Tod **** ever procured a client for WCM and received "commissions" for doing so

- That WCM has ever even offered silver, or leverage to a client

Will save you the suspense, he won't - because he can't.  Tod is someone down on his luck that wanted to be part of WCM very badly and lashed out in a child like tirade when the connection was severed.  Sad but simple.

Awaiting ANY proof of the above accusations. 
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