This gold scam unfolds when a buyer trusts a seller enough to wire funds or pay funds directly to a scammer. The amount involved is usually equal to two or three times the price of one kg. A portion of the gold, typically 1kg is given to the buyer and the buyer is told that the fist delivery rules of the county state that no more than one kg can be given to the buyer for their first purchase. The seller then goes through the motions with the buyer and assists in the exporting of one kg and the buyer is then sent out of the country with the gold to take it to their refinery.
At this stage of the scam the buyer feels pretty good, but when the buyer requests the balance of the gold to be delivered to their refinery, the game begins. The seller will come up with excuses and certainly will not be delivering the gold to the buyer. The buyer is forced to return in an attempt to recover the balance of the gold they are due… more delays and excuses follow and the buyer eventually is left with few options.