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Showing posts from January, 2014

Van Krikorian and Global Gold Corp Accused of Misappropriating Funds From Investor

It appears that a disgruntled employee of Global Gold Corp. ( otcmarkets: GBGD ) from Armenia, (which there are many of) decided to expose his former employers and dropped off some files to my attention. In that file was a copy of a "Derivative Action Complaint" which was prepared by Consolidated Resources Armenia (CRA), GBGD's latest victim. The COMPLAINT outlines that Mr. Van Krikorian , the President, Director and Corporate Counsel  of GBGD, and Mr. Ian Hague , independent director and controlling shareholder of GBGD (and founder of FireBird Management) conspired to defraud its investor, CRA, of $5MM capital investment and $2MM Note and retain the benefit of the capital infusion for GBGD. Evidence of this complaint supports what I discovered in the past, that GBGD (aka "GGC") was trying to defraud CRA out of their $7MM investment made on the Toukhmanuk and Getik gold properties in Armenia. CRA owns 49% of the Joint Venture known as  Global Go