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very nearly caught out by this very polished investment scam doing the rounds in the alternative investment space. on the face of it all looks above board.

however yacoub sidya mss is misrepresenting things on a huge scale.

had a call from a known scammer Reichman Partners

who are promoting the scam of Yacoub Sidya money launderer to African dictators.

just a quick google search will show Yacoub Sidya Phoenix got caught laundering money for alfa Conde. now he is turning his hands to lying to investors with the worlds investment scammers.

https://www.africaintelligence.com/lce/corridors-of-power/2018/09/05/exclusive-the-murky-currency-flows-at-the-central-bank,10832****-art

if you fact check www.ppmholding.com or www.phoniexprecious.com you will see not a lot makes sense. he is promoting a a gold mine in guinea....he claims on his Website and marketing material he has 670,000 OZ of proven reserve. when actually in his marketing due diligence report from SRK he really has 60,000

the alarming thing is he is brazenly using the names of some of the largest institutions in the world to lie to people and build a mask of credibility around his Phoenix precious metals DMCC money laundering operation.

after speaking with his agents, who claim the investment is "fully secured over all the assets of the company"..

with the security trustee Inter-trust www.intertrustgroup.com I asked for a copy of the deed of security, an engagement letter or proof that the security existed, after asking no one replied to my emails. a copy of the page in there " brochure" is attached.

the brochure also claims PPM Holding is refining all gold with metalor www.metalor.com.

Metalor, wont and do not process gold for Dubai based companies due to all the gold laundering that happens through the system over there.

they state it on there website below

http://www.metalor.com/en/node_59/News/Metalor-reconfirms-its-policy-on-Precious-Metals-from-Dubai

I have reached out to metalor and inter-trust group for clarification and will post there response below.

please be aware of the PPM holding scam that every shady investment company in the UK is currently promoting.

Reason of review: Not as described/ advertised.

Location: London, England

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Georges K Onivogui

can't help but to feel like he has personal beef with the team

Yacoub S

Hello, thank you for your concern. We admire your effort and attempt to expose scammers and wrong doers, we share the same lawful mentality.

Having company origins in a security firm, we pride ourselves on the law, safeties of societies, and betterment of economies. As we have evolved into a holding firm, we retain the same values. Allow us to clarify on your comments, as you are incorrect in your mentions: •Regarding President Alpha Conde - please consult reputable news outlets, such as paragraph 19 of this Forbes article here. In short, the Senegalese and Guinean authorities have both provided statements about this incident.

The truth reined superior - all certifications and documentation were solidified and followed both regions' laws. Society knows that one must ‘Google-search’ carefully, there can be many false articles that slander reputations and misrepresent the truth. Central Bank’s President, Vice President, Governor and International Monetary Funds all spoke about the incident, standing by the truth. •Forbes article clarifies the incident, here shares the excerpt: “MSS Security had won a tender from the Central Bank of Guinea to transport bulk cash and gold on behalf of the bank from Conakry to Dubai.

In 2013, when Ebola hit Guinea, all the major international airlines suspended their services to Conakry. MSS Security had been hired by the Central Bank of Guinea to transport a large amount of cash to Dubai. Since international airlines were not flying to Conakry because of the Ebola, MSS had to charter a plane to take the money to neighboring Dakar, from where it would be transported to Dubai. Unfortunately, when MSS arrived in Dakar with the money, senior customs officials at the airport seized the cargo and claimed that the money was the proceeds of a money moving operation on behalf of the Guinean President, Alpha Conde.

“The allegations were baseless and obviously we had all the paperwork and documentation to prove this,” says Sidya.” •Reporting Discrepancy: Our agents only honor what we can legally back. The SRK report was based on a drilling completed up to December 2018 and the report was issued in March 2019. Those savvy in mining know that every meter you drill can add up to resources and reserves, so over a 4-month period of time the reporting can vary. Therefore, reporting deserves nearly a daily evaluation.

If possible, please share the 'agent’ you spoke to, as we have not authorized anyone to speak or promote this investment until we signed a 79D on this date March 1st 2020. •Metalor in Guinea not Dubai: We have an accounts with LBMA refineries, but not in Dubai, only in Guinea. We absolutely respect their stance on metals originated in Dubai. Our metals do not originate in Dubai.

We do not have any mining operations in Dubai. We invite any genuine person to visit our operations at any of our sites in Guinea. We bid your intelligent investing well, and stand by our Phoenix Precious Metals company.

We are legitimate, honorable and worthy of reputable investor consideration. Yacoub Sidya

Guest
reply icon Replying to comment of Yacoub S

Yes

Samyra Szb

Hello, thank you for your concern. We admire your effort and attempt to expose scammers and wrong doers, we share the same lawful mentality.

Having company origins in a security firm, we pride ourselves on the law, safeties of societies, and betterment of economies. As we have evolved into a holding firm, we retain the same values. Allow us to clarify on your comments, as you are incorrect in your mentions: •Regarding President Alpha Conde - please consult reputable news outlets, such as paragraph 19 of this Forbes article here. In short, the Senegalese and Guinean authorities have both provided statements about this incident.

The truth reined superior - all certifications and documentation were solidified and followed both regions' laws. Society knows that one must ‘Google-search’ carefully, there can be many false articles that slander reputations and misrepresent the truth. Central Bank’s President, Vice President, Governor and International Monetary Funds all spoke about the incident, standing by the truth. •Forbes article clarifies the incident, here shares the excerpt: “MSS Security had won a tender from the Central Bank of Guinea to transport bulk cash and gold on behalf of the bank from Conakry to Dubai.

In 2013, when Ebola hit Guinea, all the major international airlines suspended their services to Conakry. MSS Security had been hired by the Central Bank of Guinea to transport a large amount of cash to Dubai. Since international airlines were not flying to Conakry because of the Ebola, MSS had to charter a plane to take the money to neighboring Dakar, from where it would be transported to Dubai. Unfortunately, when MSS arrived in Dakar with the money, senior customs officials at the airport seized the cargo and claimed that the money was the proceeds of a money moving operation on behalf of the Guinean President, Alpha Conde.

“The allegations were baseless and obviously we had all the paperwork and documentation to prove this,” says Sidya.” •Reporting Discrepancy: Our agents only honor what we can legally back. The SRK report was based on a drilling completed up to December 2018 and the report was issued in March 2019. Those savvy in mining know that every meter you drill can add up to resources and reserves, so over a 4-month period of time the reporting can vary. Therefore, reporting deserves nearly a daily evaluation.

If possible, please share the 'agent’ you spoke to, as we have not authorized anyone to speak or promote this investment until we signed a 79D on this date March 1st 2020. •Metalor in Guinea not Dubai: We have an accounts with LBMA refineries, but not in Dubai, only in Guinea. We absolutely respect their stance on metals originated in Dubai. Our metals do not originate in Dubai.

We do not have any mining operations in Dubai. We invite any genuine person to visit our operations at any of our sites in Guinea. We bid your intelligent investing well, and stand by our Phoenix Precious Metals company.

We are legitimate, honorable and worthy of reputable investor consideration. Yacoub Sidya

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