FINRA Warns Investors of Gold Stock Scams - The Fi

FINRA Warns Investors of Gold Stock Scams - The Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert called "Gold" Stocks-Some Investments Mine Your Pocketbook to warn investors about investment scams that promote gold stocks.

The Securities and Exchange Commission (SEC) took legal action against a mining company based in Florida for false press releases claiming that a mining project in Ecuador contained gold reserves worth more than $1 billion.

MINING INDUSTRY FRAUD

WHERE IS THE MINE LOCATED? - GDSM does not own a mine, mining claims nor mining equipment.

HAVE ANY ASSAYS BEEN PERFORMED ON THE ORE? - unknown still waiting for the 5 gal bucket test results that were provided to GDSM from WSRA in July on the Gold Crown placer lease.

WHAT IS THE PRIOR MINING OR REFINING EXPERIENCE OF THOSE WHO WILL BE IN CHARGE OF THE MINING OPERATION? - Unknown - WSRA has never brought any mining operation into production. Marc, GDSM CEO knows zero about the mining industry.

WHAT IS THE FINANCIAL CONDITION OF THE PEOPLE WHO WANT MY MONEY? - Extremely bad - previous legal settlement has caused GDSM to sell shares every quarter to pay of this debt. GDSM has no revenue and defaulted on their JVs with WSRA.

HAVE ANY OF THE PERSONS ASSOCIATED WITH THE OFFERING BEEN THE SUBJECT OF PAST ACTION TAKEN BY A GOVERNMENTAL AGENCY OR PRIVATE PARTY? - Oh yes - liens, foreclosures, judgments, fraud, and domestic abuse charges. Reports they have used were written by a fake geologist/engineer who is under investigation by the Arizona Board of Technical Registration.

Conclustion - GDSM meets all the qualifications for a Gold mining fraud stock.