Nedalia International is another shell name for a group of Canadian Gemstone con-artist that also operate under the names Portfolio Conversion International (PCI) or Crown Equity (most recent).
Even though the company name changes, the players and the scam do not. Diko Katcherian leads this effort - he spent time in jail on drug charges but is now on the verge of jail for fraud and tax evasion. The basic selling premise is this: make a small investment in gemstones which, due to supply issues from the mines, can only increase in value.
The investor is then encouraged to trade up for increasing expensive stones with the promise pending for big payouts. The payout event is typically an auction or other event with the buyers being Saudi royalty, Chinese businessmen etc. The events are first delayed due to various sets or circumstances and then either never occur or if they do are merely grand farces.
The PCI website brags about a Las Vegas auction event - the event occured, but there was not a single buyer there - only sellers. Nedalia will promise complete refunds to dis-satisfied customers. Diko sent me a series of checks, each a partial repayment. All but one bounced.
PCI/Nedalia/Crown Equities are being investigated by both the FBI and the Royal Canadian Mounted Police. In the meantime they are still operational. They are also part of an entire world wide scheme. The BBC has investigated and reported on their activities on both sides of the Atlantic.
Here is a report from the UK:
REQUEST FOR COMPLAINTS FROM GEMSTONE CLIENTS DEFRAUDED BY THE SCAMMERS BELOW FROM WINDSOR CAIRNS & PASTOR-GENEVE SALES OR THEIR ASSOCIATED COMPANIES NEDALIA / P.C.I. & BRINTON. I am Colonel Darrell G. Pickett. These scammers now work from Toronto. I am also a victim. Study the file please as follows: Your file will remain secret with the RCMP but you should state the amount of the fraud with names & dates plus an easy contact number for them to call you if necessary. If you do not complain today then these serial conmen parasites will continue to destroy lives tomorrow. Please understand that the crime is not to sell you overvalued gemstones But it is a criminal illegal & fraudulent misrepresentation for you to be told that the price you pay is honest or that your investment will surely increase or that your stones can be easily sold for a profit at any time.
Bank accounts can be confiscated & any assets seized as proceeds of crime for re imbursement to defrauded customers known to the RCMP.The RCMP is now being requested to arrest & deport these scammers against UK charges so kindly make your claim to the RCMP quickly. Put your name on the list to claim a share of any money recovered.(Also visit the site & join the Windsor Cairns Action Group today.)
Be aware that the sophisticated telephone conmen described on this list use false names & that you are very probably being call forwarded. This is an illegal phone boiler room. You are just a commission target. They hide all records, use no permits, pay no taxes, & are all invisible. When you telephone they always return your call from another location. The Canadian contact for complaints is RCMP Commercial crime unit Catherine McCrory & Staff Sergeant Greg Gard Phone 905-876-9597 or Fax to 905-876-9757 [email protected]
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