Gold Robbery Collins Street Dealer Melb. Gold co.

Discussion in 'Current Affairs' started by JulieW, Apr 27, 2020.

  1. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  2. OneDay

    OneDay Active Member

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    These gold dealers are going to need to start paying armed guards soon.
     
  3. Kansas21

    Kansas21 Member Silver Stacker

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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I didnt realize they didnt have armed guards haha. What friggin idots.
    I bet they wont do something that stupid again!
     
  5. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Nobody has armed guards in Oz
    If you saw the difference of security between them & Bullion Now or Goldstackers
     
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  6. shinymetal

    shinymetal Well-Known Member

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    I always thought they would have armed guards for sure!
    Think how W Davis used to do business, I'm just a regular customer, but he was like, come look at my safe full of gold and silver! haha, I walked in one time and there was 3kg of gold just sitting on the table. and he's got an empty bottle of wine and well into another, just sitting back in his chair doing business, working hard.
    How did he never get robbed?
     
  7. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    He was ,twice
    I was the nearest thing he had for security
     
  8. shinymetal

    shinymetal Well-Known Member

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    I didn't know he'd been robbed, but I can't say I'm surprised. He was my favorite dealer, wish he was still around.
    Totally miss read that... edited and removed lol.
     
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  9. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    I see even supermarkets in the US have armed security. Working well in Flint, Michigan where a family of 3 were not allowed entry because only 2 had facemasks on. Wife, husband and daughter all shot security guard dead.

    Should have had a Tank and a SWAT team at the very least, I bet they won't be so friggen stupid going forward.:rolleyes:
     
  10. JulieW

    JulieW Well-Known Member Silver Stacker

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    Melbourne Age report.

    A $3.9 million armed robbery in Melbourne's CBD last week, allegedly involving a man with a surgical mask, a gun and a trolley has exposed extraordinary security failings but also reveals the unusual business practices of the city's gold and precious gem dealers.

    In a nondescript building near the corner of Collins and Swanston streets, bags of gold jewellery are exchanged for cash, diamonds are used to secure high-interest loans and deposits worth millions of dollars are made into company bank accounts using pseudonyms such as 'Aghtogde'.

    Business has been booming in recent months, as the coronavirus battered global financial markets and spooked investors turned to gold bullion as a safe haven. Others had been forced to trade or pawn their old gold jewellery and watches after suddenly facing financial hardship.



    Last week, Karl Kachami, 48, from Hawthorn East, allegedly entered the building at 227 Collins Street where many of Melbourne's gold and diamond dealers ply their trade.

    At about 9.40am, he is accused of pointing a Glock pistol at the head of an employee of the Melbourne Gold Company based on the seventh floor, before leaving with almost $4 million worth of gold bullion, jewellery and cash.

    Mr Kachami was charged on April 30 with armed robbery, theft, false imprisonment and assault, after police found the loot buried at a rural property near the Gippsland town of Dollar.

    Lawyer Sazz Nasimi acts for Melbourne Gold Company and its owner Michael Kukulka, who was not present at the time of the robbery.

    Mr Nasimi said security was usually extremely tight.

    "This was a human error and protocols were not followed on the day," he said.

    Mr Nasimi said the safe was unusually full because the company had received a significant consignment of gold a few days earlier amid a surge in demand for the precious metal because of coronavirus.

    Mr Nasimi thanked police for the swift arrest and said it was business as usual at Mr Kukulka's company.

    However, Mr Kukulka's relationship with Victoria Police has not always been cordial.

    In January this year, Licensing Inspector Scott Johnson opposed an application by Mr Kukulka to reopen strip club Showgirls Bar 20 at a new site on King Street.

    Mr Kukulka invested $1.2 million in the relaunch of the notorious gentlemen's club, but Victoria Police raised concerns about his involvement in the gold industry.

    In an 18-page submission, police identify more than $6 million in irregular transactions in a bank account linked to his business, including dozens of payments from unidentified pseudonyms such as 'Gdetoagch' and 'Aghtogde.' Mr Kukulka has never been charged with any offence in connection with any of those transactions, and he is not accused of any wrongdoing.

    Despite the police objections, Mr Kukulka's application was approved last month by the Victorian Commission for Gambling and Liquor Regulation, and the strip club is expected to open when social distancing guidelines are relaxed.

    The scale of Mr Kukulka's previous gold business MAK Precious Metals was revealed in a recent Administrative Appeals Tribunal case, where he was found to have provided almost $460 million in scrap gold to a Sydney-based company called ABC Refinery Pty Limited.

    Mr Kukulka sourced gold from a range of sources, including $1.5 million in just six days from Melbourne fraudster-turned-bullion dealer Rocco Calabrese, according to court documents.

    Calabrese, aka Rocco De Gonza, has been bankrupt twice, jailed for three dozen deception offences in 2002, and convicted again in 2014 for stealing 5500 kilograms of prawns worth $82,000. Mr Kukulka was not involved in any of Calabrese's wrongdoing.

    According to court documents, gold sourced from Mr Calabrese was referred to as ‘Rocco jobs’.

    Mr Kukulka's former business also appears to have offered short-term loans, usually secured by diamonds or gold bullion.

    Mr Kukulka's former business lent diamond dealer Ron Bensimon $334,000, which was never repaid when Bensimon's empire collapsed in 2016, after amassing personal and business debts of more than $10 million.

    Mr Nasimi said Mr Kukulka launched legal action to recoup the debt, but abandoned the claim when Bensimon was declared bankrupt.

    https://www.theage.com.au/national/...-and-a-3-9-million-heist-20200503-p54pe7.html
     
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  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Pawndealer, porndealer, prawndealer! Sounds like the Two Ronnies were on the case.
     
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  12. Jason1

    Jason1 Well-Known Member

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    lol, cant figure out who is dodgier the bloke who robbed the store or the guy running it lol
     
  13. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Just goes to show when you hand over your personal details to some of these guys, who are you really handing them over too?
     
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  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Thats why it's so important to develop a close relationship with your trusted bullion dealer b
     

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