A company that claimed to sell investors gold and silver bullion was operated as “a Ponzi-scheme,” and defrauded its customers, the High Court has heard.
he company, Irish Gold and Silver Bullion Ltd, (IGSB) with a registered address at The Crescent, Monkstown in South Co Dublin was wound up last year, and chartered accountant Myles Kirby was appointed as liquidator.
Arising out of a thorough investigation of the firm’s affairs Mr Kirby has brought High Court proceedings against the firm’s director and sole shareholder Nicholas Wickham who it is claimed recklessly got customers to put money into IGSB which the defendant knew could never be repaid.
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