OSC found Goldpoint diverted about 88% of $1.7m raised from investors
Goldpoint Resources Corporation · Mining share promotion
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
End-use tracing of funds
Bank records would show 88 percent of the money left the business.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Counterparty existence
A site check would test the claimed Ghana mining operations.
Can mislead when: Real companies can be used as pass-throughs. Existence does not prove a real trade, so C6 and C7 still apply.
Regulatory & litigation records
Exchange and securities registry records would show no listing or prospectus.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Where Kubr services would have helped
Verified Snapshot
Offered in India- C4 A site check would test the claimed Ghana mining operations.
- C8 Exchange and securities registry records would show no listing or prospectus.
Valuation context
Offered in India- C4 A site check would test the claimed Ghana mining operations.
- C8 Exchange and securities registry records would show no listing or prospectus.
Borrower monitor
Offered in India- C6 Bank records would show 88 percent of the money left the business.
- C8 Exchange and securities registry records would show no listing or prospectus.
Proceeds tracer
Offered in India- C4 A site check would test the claimed Ghana mining operations.
- C6 Bank records would show 88 percent of the money left the business.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.