Christoph Ostermann represents himself as president of Ostermann Limited, a shell offshore company in Nicosia, telephone 357 965 754 67. The registered address is simply a mail box service. He is posing as a licensed Gold trader.
This scam has duped dozens throughout Europe, scarring mostly elderly people with predictions of global economic collapse and guaranteeing high returns on their Gold.
However, no gold has ever been purchased and the money invested stolen. The fraud is a simple high-pressure, boiler-room scam.
Numerous criminal complaints have been filed and there are three ongoing police investigations into this company in Belgium, Germany and the United Kingdom.
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