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 Genneva Malaysia ?, ponzi scheme ?

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Lycan
post May 12 2011, 11:27 AM

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Joined: Sep 2004
The most prominent person in Msia also endose this investment .. Get real mad.gif mad.gif .. He once run our country rclxub.gif shocking.gif


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QUOTE(hivemy @ Apr 26 2011, 05:09 PM)
Was just introduced to this today.

Searching for the details and found only this far.

Can someone who has joined this recently give some comment?
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Added on May 12, 2011, 11:29 amSo far the directors are still operating . Seem they are above the law shakehead.gif


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QUOTE(stanleyhwk @ Apr 20 2011, 08:59 AM)
One of the top scams in Malaysia is gold investment. Details provided by BNM.

The companies in this gold scam that went bust are Bestino and Public Gold ( not in anyway related to Public Bank ). Many police reports have been lodged against these two and BEstino directors are now being charged in court.

Some investors luckily are still left with the gold bars but some unlucky ones did not get any during the exchange period where money was paid but the gold bar needed few days to process. So when the companies gone bust their monies also gone with the wind and no gold bars as well.

If really interested to invest do not throw all the eggs into 1 basket or get multiple personal loans to invest in it. Too risky. bNM and SC can also anytime freeze their bank accounts and hence you will not be able to receive any dividend.

Just be careful.
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Added on May 12, 2011, 11:34 amthe person who will lost all thier money is the latecommer who join the purchase just before the co collapse

QUOTE(flight @ Apr 30 2011, 08:12 AM)
ur going to lose all ur money...
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Added on May 12, 2011, 11:38 amwhen they start the co the use branded such UOB or PAMP bar to give to thier investor . Latter they will change to thier own bar . Now the issue is the purity of those bar.

If u trade those unknown Gold bar to a goldsmiths , u tend to lost some value frm range 25 % to 30% frm market value

QUOTE(pubmut @ Apr 12 2011, 12:25 PM)
Here's something I dug out. Read the ensuing commentaries - it's fun, vulgar and enlightening - something you'd get out of reading tabloids!

GMSB under the microscope

All I can surmise is that GMSB buys raw gold in bulk, produces them bars and sells them at below market spot prices. The commentaries will give you some info on the mechanics of trading.

Hope this helps.
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Added on May 12, 2011, 11:41 amfor bar the safest way to check is to cut the bar in half . also unknown bar normally will lost value between 25 % to 30 % of market price when traded sad.gif

QUOTE(smartinvestor01 @ May 3 2011, 12:39 PM)
Some goldsmiths when they check the purity of the gold, they need to scratch the gold..

According to my friend who is the consultant, if the gold is scratched, they will not want to buy back the gold..
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This post has been edited by Lycan: May 12 2011, 11:41 AM

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