Important Notice:

It is with regret that Grace Holdings New Zealand Limited trading as Bullion Buyer was placed into liquidation this afternoon. The company’s failure was primarily the result of actions taken by Elijah Gus Geldman who was formally one of our traders. Mr Geldman is currently in custody in the United States of America. The company has laid a complaint with the New Zealand Serious Fraud Office regarding Mr Geldman’s actions.

The company attempted to secure a capital injection from an overseas party which would have resulted in securing the position of its investors. The overseas investor withdrew from investment discussions as a result of adverse publicity relating to the Fraser Family and their investments in the company’s which appeared in the New Zealand Herald last week.

Grant Reynolds of Reynolds and Associates Limited has been appointed the liquidator of the company. All enquiries should be directed to the liquidator. The liquidator’s contact details are below: