Warning Against:

Gold-Quest International

• Published:

  2008-11-20

• We received reports that residents of British Columbia and elsewhere in Canada had invested in Las Vegas, Nevada-based Gold-Quest International.  Gold-Quest purportedly pooled investor funds and invested them in foreign currency exchange trading, offering investors an 87.5% annual return on their investment.

  The BCSC and securities regulators in other Canadian provinces issued investor alerts and cease trade orders about Gold-Quest International in the spring of 2008.

  In May of 2008, the United States Securities and Exchange Commission filed a complaint and obtained court orders against Gold-Quest International, requiring, among other things, the appointment of a receiver.

  In June of 2010, the Alberta Securities Commission imposed significant sanctions against the central players involved in Gold-Quest International.