Impressed by the quality osf posts signed "Patryn" on various forum, all singing the Glory of M-gold.com, I contacted M-gold to know the fee and delay of a $10k outexchange. The replay was a "correct" fee, and that the wire will be sent the next day after receiving my payment.
So, I sent $10k on April 16th. On 17th, I emailed M-gold and they replied to me that the payment was "ordered to Technocash".
Wire was(is!) to be sent to Moscow, and wires in USD from anywhere take 3 to 4 banking days. I fell surprised on Friday 24 to not have received the wire, one week after it was "ordered to Technocash". I contacted M-gold and received a reply like this:
Payment Status Date Banked OK
Beneficiary Name and Address: [My name and address] (*)
My bank details here
First remark, "my" address was not MINE, but M-gold decided to write the BANK address as my personal adress; asking why, he said that as I entered only "Moscow", and as the sending bankwants a full address, MG decided on their own to write the bank address as MY address, saying that anyway my bank won't mind. Strange way to work, as I am not sure that my bank won't mind...
Second remark: |Payment status" shows a date of 2 april.
Asking M-gold what it is, I received no reply, just "this is what Technocash told". No way to know what is this date. Supposing the wire was "ordered" on 17th, he should ARRIVE in my account on 22nd, right. So far, nothing.
And if 22 April is the date when Technocash really sent the wire it would ANYWAY have arrived today Monday 27th. In this case of course it would mean that M-gold hardly has requested Technocash to send a paymnemtn on 17th, or Technocash waits 5 days before executing orders? I do not believe it.
Asking more explanation about this date of 22/4 to know if maybe the wire was blocked in Moscow, and as M-gold used very strange replies, I began to ask him if he decided to scam me, explaining that his reputation on a few forum is not so clean, and asking him to ask again Technocash.
His reply was that as I do ot spek correctly with him, I will wait one week more for he asks Technocash to trace the wire!!! Good, so this guy, who is called by himself "one of the biggest exchangers", says his client that they will get a trace after TWO weeks when a payment is missing. Very good.
About 2 months ago, a guy I know asked M-gold a $30k payment, in the same bank than mine. This guy had to wait 23 days before the wire arrived, after he contacted Technocash and a few people that also know M-gold. Yes 23 days, during which M-gold always told the guy "the wire has been sent and you must wait". No chance for M-gold, this guy was not ready to lose his $30k and finally M-gold had to really send the money, after offering to pay it back in another e-currency!!!!
Speaking with another REPUTABLE exchanger about this, they told me that they were contacted by a few clients of M-gold after they got the same kind of problem. It seems that M-gold has quite never money to pay the e-currencies he purchases, OR at least that he reserves his fast payments to clients he knows. And delays a maximum the payments to other clients. Probably he imagined that clients in Russia would shut up?
Of course I went to my bank this morning and asked if the wire would not be blocked because of the address problem. The reply was NO, no wire ever arrived for me since April 16th.
So what must I do now? I contacted Technocash as after all, M-gold uses an account there. Strangely he uses a personal account at his Patryn name, and not a corporate account in the name of m-gold. Why? Is he REALLY running a legitimate business with a REAL company? That is of course not directly my problem, but I understood a bit late that I decided to work with somebody using false name, having more than a questionable reputation, and well-known for his lies and scam attempts. My error
Will of course update this thread whatever happens.