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Why did a "reputable" lawyer and a prominent leader of the American Armenian community through his work with the Armenian Assembly of America, authorize the filing of a bogus criminal complaint against me in Armenia, when I was President and CEO of Caldera Resources?

This "bogus" criminal complaint was nothing more the a scheme to force me to walk away from a business venture in Armenia, to gain an advantage for Global Gold in a civil litigation and to scare me off and attempt to humiliate me by executing a "TAR-AND-FEATHER" campaign.

Mr. Krikorian then proudly declared in the Securities and Exchange Commission (SEC) filings of  Global Gold Corporation (GBGD):

"[C]aldera officials are currently under criminal investigation..."
10-Q Global Gold Corporation Filed August 22, 2011 for the period ending June 30, 2011
10-Q Global Gold Corporation Filed May 20, 2011 for the period ending March 31, 2011
10-K Global Gold Corporation Filed April 14, 2011 for the Year ending December 31, 2010

"[I]n October 2010, two Caldera officials came under criminal investigation in Armenia for fraud..."
10-Q Global Gold Corporation Filed November 11, 2011 for the period ending September 30, 2011

What Mr. Krikorian failed to ever mention in his certified SEC filings, probably to avoid self incrimination for attempted extortion, that it was Global Gold Corp. (GBGD) that authorized the filing of the criminal complaint.

On August 24, 2011, the Liutenant-Colonel Mr. Ed. A. HAakobyan, Deputy Chief of the Division 1, Department of Investigation of Especially Important Cases of GID of the RA Police in his investigation of the claims made by Van Z. Krikorian's agents is Armenia to be baseless.

"[a]s stated in the applications and testimonies of A. Poghosyan and H. Ghukasyan, no property damage has been caused to the state, any physical person or legal entity, the dispute and relations between “Global Gold Mining” and “Caldera Resources Inc.” derive from the agreement executed by them and are of a civil nature."
AUGUST 24, 2011

This was nothing more then a proverbial TAR-AND-FEATHER attack. I believe the actions of Van Krikorian are unethical and illegal. 

Please VOTE in our POLL if you think the actions of 
Mr. Van Z. Krikorian are UNETHICAL.

(1) Even after the prosecution was dropped by the Armenia Police and the Prosecutor's Office, Mr. Krikorian made false statements in his SEC filling stating:
"[I]n October 2010, two Caldera officials came under criminal investigation in Armenia for fraud, ... [B]ased, in part, on a misunderstanding of the June 2010 TSX Venture Exchange approval letter and Caldera’s misrepresentations that payments due to Global Gold were being held in escrow, the criminal investigation of two Caldera officials was declined by prosecutors and the first instance judicial review in Armenia.  In accordance with Armenian law, those decisions are now pending further judicial review."  
Only in the twisted logic and made up facts created by Mr. Van Krikorian does the dropping of Criminal investigation is just a "first instance judicial review". 

(2) When the case was dropped by the Police Investigator and the Prosecutor, usually the saga would be over.  Not for Mr. Van Krikorian, he authorized Global Gold to appeal the decision, but was denied.

(3) Ok then, it should be over now. No it wasn't.  Mr. Van Krikorian authorized his agents in Armenia to start a brand new legal challenge and sued the Police Investigator and the Prosecutor for failing to do their job.

Global Gold lost the case against the Police and the Prosecutor. You figure it would be over now. No it was not.

(4) Mr. Van Krikorian then authorized his agent's in Armenia to appeal to the Criminal Court of Appeal and pursue the Police Investigator and the Prosecutor furhter. Mr. Krikorian lost that appeal too.  You think it would be over now? Not for Mr. Van Krikorian.

(5) Mr. Van Krikorian then authorized his agents to file an appeal to the highest criminal court in the land, the Criminal Division of the Cassation Court. They lost the appeal there too. Now it is over. The last ruling against them was in early 2012.

There was not first instance, this was a new legal challenge. It was a filing of a bogus criminal complaint that was thrown out. Global Gold continued filing new lawsuits against the Police Investigator and the Prosecutor in an attempt to restart the criminal investigation and file formal charges against me. The Police and the Prosecutor both said their was no crime and the dispute was of a civil nature. But Van Krikorian wanted to see me in Jail and sued government officials to get his way. Thank GOD for little miracles. He failed.

(6) Do you think this would be over now!  No!  Mr. Van Z. Krikorian then tried to file a new criminal complaint with the Police in Armenia in April 2012, using the Arbitrators Ruling of March 29, 2012 as evidence of fraud.  This claim was thrown out.....Now its over.

Mr. Van Z. Krikorian, a member of the Bar of New York, a leader of the Armenian Community, Chairman, CEO, Director and Corporate Counsel for Global Gold Corporation, a publicly traded company on  the OTC/PinkSheets with trading symbol GBGD, tried to put me in jail a total of 6 times.

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Clear and Apparent Fraud at GBGD and Toukhmanuk Gold Mine

On July 5, 2013, GBGD and Mr. Van Krikorian (President and CEO) signed a deal with Linne Mining to act as the CONTRACT MINER for the development of its Toukhmanuk Gold Mine, in Armenia.
By November 2015, Van Krikorian announced in its SEC quarterly filings (10-Q), that the Toukhmanuk project was delayed because the contract miner "requested" to be relieved of its obligations under the mining contractagreement.

To this date, Van Krikorian has failed to post a copy of Linne Mining's letter or provide any clarification to investors, why Linne Mining requested to be "relieved" of it obligations. 

Three months later, the reason for Linne Mining's actions have started to become crystal clear. Linne has been swindled by Van Krikorian and GBGD. There is no gold worth mining at the Toukhmanuk Gold Mine. Here is the proof.

Two documents, which were prepared for Linne Mining, surfaced on the web last week. These two documents outline that the database provided by GBGD and…


That's what Mr. Van Z. Krikorian said to me and my brother (John Mavridis) in October 2010 while we were trying to resolve the dispute between Global Gold and Caldera.  Little did I know that he was serious and that his scheme was already put in place weeks before!

Mr. Van Z. Krikorian, the Corporate Counsel of Global Gold Corporation, authorized his lawyer in Armenia Mr. Hrayr Ghukassyan, to file a criminal complaint against me for theft and fraud on September 15, 2010, for allegedly stealing the shares of Marjan Mining Company.

Below is the signed complaint filed by Global Gold Mining, the subsidiary of Global Gold Corporation (GBGD) that was filed with the Prosecutor of Yerevan City, Mr. Badalyan.

Translated from Armenian

To: Mr. Badalyan,
Prosecutor of Yerevan city

From: Hrayr Ghukasyan
Global Gold Mining LLC
Representative of the Armenian Branch

Address: 2a/2 Tumanyan, Yerevan, Republic of Armenia Tel: 010 52-94-18, 093 988-797
Consider and report to: