Tuesday, April 30, 2013

Joshua Bond busted for selling fake gold

"BARRIE, Ont. — Not all that glitters is gold. Especially not the stuff coming from the home of Joshua Bond in Barrie, police said Wednesday, after charging the 33-year-old with two counts of fraud for allegedly selling fake gold online.

Police seized equipment from Bond’s home Tuesday night, but they still aren’t sure if the phony gold bars and krugerrands (South African coins) were made there or off-site. They don’t even know what the actual material is yet, except it’s not gold.

Forged documents were used to authenticate the gold and also some silver pieces to buyers, police said. One buyer purchased $10,800 of the junk metal, police said. Bond was selling the fools gold through a company he created called The Bullion Broker. He was charging $1,500 an ounce — just below the market price of $1,600 an ounce. “If it’s too good to be true, it probably is,” Higgins said.