From 2012 thru 2016 a group of criminals calling themselves variously Swiss Metal Group, Swiss Metal Assets, SMH Panama,and SMH Schweizerische Metallhandels AG sold strategic and rare metals to investors who wanted to diversify their investments with real physical assets. Through Internet marketing and direct selling at International Living Seminars and various other venues they sold "Baskets" of metals such as Hafnium, Gallium, Gallium, Dysprosium that are used in high tech industries to produce electronics, aviation and defense industrial products.
They proported to provide storage of the metals in secured vaults in Switzerland and Panama, and said they would provide resale brokerage when the metals had appreciated. Sales would be to other investors or to industrial customers.
I bought several "Baskets" of various metals in 2014. In 2016 I decided to sell some of my metals. The company never completed the sale, and in October I was notified by a lawyer from Panama that the company was being liquidated and my purchases might not exist. He said he was going to perform an inventory of the metals in storage and would liquidate the metals identified to be mine and send me the proceeds.
I now know that most of the money I "invested" was never used to purchase metals to be held in secured storage for me, but rather was diverted to personal use by the principals of these companies. The liquidator was only able to find 15% of my purchases. As far as I know only the Swiss based company is still operating.
I hope that other investors in SMH Panama and Swiss Metals will contact me so we might proceed to recover the money stolen from us.
SMI Swissmetal Reviews
From 2012 thru 2016 a group of criminals calling themselves variously Swiss Metal Group, Swiss Metal Assets, SMH Panama,and SMH Schweizerische Metallhandels AG sold strategic and rare metals to investors who wanted to diversify their investments with real physical assets. Through Internet marketing and direct selling at International Living Seminars and various other venues they sold "Baskets" of metals such as Hafnium, Gallium, Gallium, Dysprosium that are used in high tech industries to produce electronics, aviation and defense industrial products.
They proported to provide storage of the metals in secured vaults in Switzerland and Panama, and said they would provide resale brokerage when the metals had appreciated. Sales would be to other investors or to industrial customers.
I bought several "Baskets" of various metals in 2014. In 2016 I decided to sell some of my metals. The company never completed the sale, and in October I was notified by a lawyer from Panama that the company was being liquidated and my purchases might not exist. He said he was going to perform an inventory of the metals in storage and would liquidate the metals identified to be mine and send me the proceeds.
I now know that most of the money I "invested" was never used to purchase metals to be held in secured storage for me, but rather was diverted to personal use by the principals of these companies. The liquidator was only able to find 15% of my purchases. As far as I know only the Swiss based company is still operating.
I hope that other investors in SMH Panama and Swiss Metals will contact me so we might proceed to recover the money stolen from us.