ya loh.. maybe they try to settle internally not by law... if by law they cannot explain ow to get the source of ROI.

Not really, the failure here is BNM failed to follow up on a new appointment date to clarify things thus resulting the current situation. So based on this fact, who's fault is it?

btw, I prefer discussing based on fact. Things would be clearer that way & if it is proven as a fact that Genneva is a scam company, then I really hope those who are responsible get what they deserve but then again I still pity the investors.

CPU and PMs?

Can buy 10 to 20% below SPOT?

i gotta ask the bank of China......

and GLD..........maybe my GLD is worth 20% mORE ler.....

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Added on October 3, 2012, 12:01 pmA Scam is only a SCam when its shown as a SCAm......too late. AKA MADOFF...how many years was it on operations?

BUT RED FLAGS are a good way to go for investors...........Genneva has TOO MANY of those in its life.......

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Added on October 3, 2012, 12:03 pmMAIN THING IS TO CHECK THEIR INCOME STREAM IN THE BOOKS.
THIS WAY YOU KNOW WHETHER THEY GENERATE AUTHENTIC INCOME TO PAY
THE 'GIFTS'


This post has been edited by prophetjul: Oct 3 2012, 12:03 PM

Yes you are right, it is meant for aronteh, somehow it went to your post. Celicazpower, no use blogging here, they all in a team to conspire and spread flimsy fear mongering lies about Genneva. If you look at their posts, it is without fact, lots of assumptions and all sorts of low level arguments. I just wonder about their background and age. Anyone can hide behind a pseudo name and blog. you could be discussing with a low mentality person and wasting your time. Would you argue with a driver blogger when you are a forex trader?? They are not worth talking to. From their argument it is so damn shallow and my blogging is to show them how naive, conceited and shallow they are. But they act like educated idiots trying to mislead people. Once u put a post, it is like hens in a frenzy mood eating, making a lot of noise. Totally dumb down idiots and many of my friends don't blog here and cos the bloggers look like they have vested interests in Genneva case, many of them are competitors in gold and losing out biz to Genneva. Many of my friends laugh at many of these bloggers in this Genneva forum, they felt it a bunch of monkeys trying to make a point in English. when they take you thru their argument, you are lost trying to find out what that china man trying to speak 'financial' English. I don't think with my last post they can say anything but will just bla bla bla.....may be they will say...."u think u so clever why u so put gold in Genneva, that china apek company and got cheated. i told u so what, but u greedy and no hear we talk. he he he. u greedy now u pain who can help now ask mother how to do"........have a good day.

the papers only report what they r supposed to... msia where got press freedom one...

Woohoo! Busted!

well, possible also BNM raid is a stage show. Might never know after the portion of the wealth been distributed properly into someone pocket, things will be easier. Then BNM release Genneva this time, in term, they will brag about how BNM not able to find its a scam and make Genneva looks more genuine in the inside?

The only bust is that, when there Genneva internal fighting between the big crocs, then thats where all the dark dark secrets leak out later. Who knows? That's how Madoff falls rite? His own Son backstab his father's plan.

It's always the Inside Job!

yupz... all in the same pot... snakes n rats alike...

last case was etika emas case, it was raided by Bank Negara, until now no news at all from press etc and also from those who in the scheme. I heard very little from them.
What I know immediately after the scheme, many of those malay investor cash out selling the pamp they hold for cheap2 at UOB rate.
That was 2 years ago, until now
1. What happen to etika emas now? What happen to the deposited cash, the gold in Etika?
2. What form of reimbursement given to those invested in the scheme from the raided deposited cash and gold?
Now this Genneva, be prepared lah for long wait. People said QE, Now I say QW ,. Queue Wait Till Infinite.....

So, I draw by conclusion as here
1. If you still have Genneva physical gold in hand. Forget about the hibah. Thank god your losses is 20% lah. Well, then think whether you 1 2 cash out,. Can get back the capital good enuf oledi.

2. If you already paid, Gold at Genneva now confiscated by Bank Negara. Aiyah, this one Calat kes lah. Then probability of loss is 100%.
So U all better group up and do something, ask for proper investigation of the Genneva a/c and then quick reimbursement of your $ or gold from the authorities.

>>

This post has been edited by GoldChan: Oct 3 2012, 12:28 PM

One of their 'agents' approached me with guarantee of 2.5% over 3 months and - get this - FREE IPAD 3.

I said read my middle finger

What a big lol?

it happened today????

Exactly last week

But based on what you just wrote, arent u walking down that same path? U say others are arguing without facts but how many facts have you provided yourself? From what ive read on this thread, many ppl have raised questions which have until now gone unanswered. Its pointless coming out here claiming to be mature and yet you go around calling others names. If you want others to respect you, then earn that respect. Argue like an adult.

You might not be a geneva agent but you sure as hell are one of those gold agent scammers with your 10-15% guaranteed return per month scumbag company. Everyone look at his forum signature.

http://imgur.com/eMbcD


Precisely.

my personal experience with AGENTS (ok lah i'll say they are CONsultants) from Genneva... exactly the same as above.

they r really like a bunch of monkeys trying to make a point in english, but when u ask them about the business model and operation they give u no info but "this is confirm making money and safe one!!" bla bla bla... (eventually the question was never answered... EVER)

wanna see how a 2nd-hand car sales person trying to sell Genneva product? i can introduce u to the "agents" (i meant CONsultant) i came across for the pass 4 years.

(no offence to 2nd-hand car sales persons in this forum... )

Wah! Still got people fight for the SCAM company ar? What drugs did this company gave to those agent har? The effect is so strong!

The shareholders and directors aren't liable for the debts, but the directors can still be liable for negligence.

How much you think the GOLD Bullion on hand worth to the investor now? Say the buy @ RM2,180

What % could they lose? What companies will buy their Gold Bullion and at what rate from the market price....

Is it possible to sell the Geneva Gold now with the expectation of losing only 20%? I mean now the news of Geneva being raided by Bank Negara is out to the public, if you sell the physical gold to other goldsmiths now, I think they will take advantage out of this as they know those people who are selling the gold now are in fact desperate, they might only buy the gold from you at the lowest price as possible. So that means you will definitely loss more than 20% even if you have the physical gold.

This post has been edited by Raceroamer: Oct 3 2012, 01:07 PM

Genneva is not scam company la...dunno why they get raid by BNM, my bro say dunno this time is how many times they get raid ady...

you are playing blame game now..
Blaming BNM for not following up???

If BNM raid means...Genneva is the one not following up..