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No evidence exists that they own any gold, gold mines, or equipment or have invest in any actual operations. Instead, East Cape (like Virgin Gold Mining) uses the allure of "gold" to perpetuate a fraudulent Ponzi scheme on a pyramid scheme (multi-level marketing) approach. New "investor" money is used to pay dividends and withdrawals to earlier "investors." Eventually, both will collapse and the perpetrators will grab all the cash remaining and disappear.

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13y ago

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