Re-tracts FALSE KB Gold accusations and posts the truth!
http://www.mlmwatchdog.com/
DEC 2010: NEW TRANSLATION OF MUNICH PROSECUTOR REPORT KB GOLD
In March of 2009 the Swiss authorities ordered the freezing of 500,000 Francs held at the UBS Bank, due to the charges of a KB Gold competitor, claiming that it was impossible to produce the number of small gold bars which by then had already been sold by KB Gold in such a short time period. These proceedings were closed, as the gold for all customers could be accounted for. (With even a surplus of 30 kg.) In September of 2009, a different investigation of KB Gold in Austria was also closed, as the gold stock in question could be verified.
The cash amount of 815,000 € had been declared before the flight at the customs office in Munich, including proof of the customer's payments. This means that Michael M., a KB security staff, began his trip from Munich to Riga via Frankfurt, in order to deposit the money in Riga, in an account, which was accessible to the refining plant in Turkey. The mistake consisted in the fact that, while the money was declared in Munich, it was not declared in Frankfurt and was therefore impounded by the Frankfurt customs. The corresponding gold for the customers was nonetheless produced, having been covered by KB Gold’s own stock in Turkey.
The customers' gold stock was inspected and verified for a third time by the German public prosecutor's office.
