I'll pray for their supporters, especially those who had their money stuck with the company, and not holding any physical gold. Hopefully they can get their money back. If BNM found nothing illegal, i may seriously consider joining them, but for now, let us wait and see what happen.

Food 4 Thought from Wikipedia

What A Ponzi Scheme?

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.

The system is destined to collapse because the earnings, if any, are less than the payments to investors. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.

The scheme is named after Charles Ponzi,who became notorious for using the technique in 1920. Ponzi did not invent the scheme but his operation took in so much money that it was the first to become known throughout the United States. Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors' money to make payments to earlier investors and himself.

Hahaha you are seriously seriously deluded beyond recognition to compare spot gold price to CPU. One is a depreciating product and another is a commodity with spot trading value.

Have you even counted the amount of actual gold value in the jewelry? Even after 70% sales, you will not get below the spot gold amount, even worse as most sales is based on white gold which is not pure. If the jewelry have diamonds it is even worse, the price has been marked up way higher before discounting for you.

If really think you can get 70% off the 'actual' gold value from jewelry, try to buy them all and melt them into gold bar, and re-sell them at spot price, then you will be instant multi-billionaire. Why bother selling gold 'investment' for small commission?

Try to learn more on how the industry works before you spew out nonsense from your mouth.

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Added on October 3, 2012, 6:35 pmHahaha another failed scam agent trying to pretending to be a customer... just like sifu Pat Lu

This post has been edited by gark: Oct 3 2012, 06:43 PM

Someone make Gark a mod.

can i give u a +1 like bro?
yr statement so true until impact deep of my heart.
human always selfish, good lobang which highly profitable where will share with other ler
just like if u found a big gold mine, will u call all the kampung buddies come and korek together

you can get 10-15% per month via gold, by buying gold at rm1000 per kg as example, pray hard it just to rm1100, then 2nd month buy 1 kg at rm1100, then pray hard again jump til rm1210.....

those gold investment, either you buy from bank,keep it for 2-3 years and earn it or you a one of the big tycoon tat able to control gold price or even currency price for 5 days....(5 days control the price can earn you billion)

if you dont have the patient, if you dont have billion dollar pump into world gold market ,stop dreaming and work hard, things never come easily, 10-15% a month is possible if you lucky...but not every month ok!, or you wait till china having war with US, gold price confirm shoot sky rocket

After watching 8tv news interviewing those 'investor',complaining this is my blood and sweat money,my mom coffin money laaa,my kids education funds la,i felt very amused and funny.look at all this pathetic people,shouting for their own money,the management don't even bother to send somebody out to stand up for them.

no one points a gun at your head to put all your so call hard earned money in for this genneva malaysia company,you made your own decision with your own money,you just want to hear and know what is the benefit and what profit it brings you but ignoring the all the risk and bad possibility,and now you are saying BNM fault la,government fault la,is everyone else in this world fault la.not you are the one who made the decision of your own money in the first place ka?

This post has been edited by Darkcursed: Oct 3 2012, 08:39 PM

This is a Ponzi scheme. Please seriously read up, it is very interesting and smart actually.

Even if you see some who makes money, eventually when the bubble burst, many more is one the losing side.

Like looking at the pyramid with 10 layers, where as Layer 1 = 1 person, Layer 2 = 2 person, Layer 3 = 3 person...... Layer 10 = 10 person.

Even if top 5 layer makes profit, 15 person is profiting, while the bottom 5 layer is 40 person losses.

This kinda scheme is like everybody pool in RM10 in a bowl, some profited more than RM10, surely at the same time some will losses.

This may not be the structure of Gennava (just to clarify before a certain someone shoots me), but all Ponzi scheme based on the same idea.

Often case, the top 5 layer (profitable players) knows it's Ponzi all along, but their Math is well calculated, and they know they are in the zone. Even when everything go bust, they have earned much more than they loses.

Some ppl call this player smart. I call them crooked.

OOp... pecah rahsia.... if get 15% per month confirm Lamborghini already...

Boss, ada driver lar, not just lambo

haha, but bro celica so mean, said i'm poorfag, indeed i'm really poorfag and jelly him la wei, that's why i have to be in the rat race.
maybe i should think to resign tomolo and invest all my coffin money into bro celica biz liao, 15% wei, dun pray pray.
i put in 100k, 1yr i get back 180k liao, walaoeh, that's 15k per month leh!! i become manyzer also can't get 15k per month leh

If you put one year with compound 15% u get RM 535,025.01. After that u resign every month get 15% profit of RM80k++ no need to work.

collapse liao ah？

Amazing things you can find from google, I can use it too but nevertheless unlike you I prefer spending the time to allocate more wealth & I never bother to kacau people until that stage, btw you have just proven to be a cyber stalker.

Yup, I am Celicaizpower, reason for the name? simple, I down payment for the car then apparently salary level not enough so loan kena reject & this was like 7 years ago. But I remember the time & it thought me a lot. Such as to find more money.

I am not a rich person or born with a million, like some, never was, but I intend to be & trying hard to achieve it.

Yup, I own a saga you can check the mods i put on it I am proud of this car, spent a lot on it modding, but sadly it has been rendered almost useless since 3 years back, now the car sitting at home doing nothing.

Yup, I LOVE badminton & I am sure some of you do.

Yup, I have a Canon 30D bought it from a forumer here in LYN few years back I think.

So what, this is life... not everyone is born with a silver spoon at least I am trying to achieve it.

The key element here is that I am no scammer neither am I dishonest or selling you a ponzi scheme, remember I never bother asking you to join in the 1st place.

Come on guys, give zack rm1000 he will turn this rm1000 into RM4,383,998.75 in 5 years, given that 15% per month compounding monthly.

Give him RM100 he will turn it into RM438,399.875, or give him RM10 he will give you back RM43,839.98, or give him RM1 he will give you RM4,383.99 in 5 years.

Why wait? Give him a call now and find out more.

If you see zack in real life I guarantee you will laugh your ass off. It's guaranteed mate. My guarantee is betul betul guarantee one. LOLZZZZZZ

I wonder how many here were kena this trap?

Did I call you a poorfag?

Here is what I wrote:

Bro, did I personally send you an invitation mail asking you to join? no rite?

I am in my steps to become wealthy, why you envy me so much? if you want to stay poor it is your choice.

But if you feel in anyway that I called you a poorfag, then I apologies sincerely.

So now since you got nothing else to say you become retarded? it's ok man, I know you got no evidence to prove.

Have you met me before? I don't think so, most people I do business with are in my tradelist in which btw all of them gave good remarks.

This post has been edited by celicaizpower: Oct 3 2012, 10:11 PM

Zack, let go la.....you make yourself look like a complete soh@i only. Look at yourself now, what have you become? Go get a life la

We met before in challenger.

When I think of your face I laugh lolz.

Good luck zack!

A joke I heard once :-

Wall Street is the place where people riding limousine to work goes and take financial advice from people riding the subway train to work.

In other words, ladies and gentleman, If I have a "lobang" that guarantees 15%, I'm not going to go around and tell people how that "lobang" looks. No rich people, really rich people I know goes around offering to help other people to get rich. I mean, think about it, why on earth would you waste time helping other people if you can make that much money? Why have to PM? Why the secret?

Here's the secret. You ARE THE "LOBANG" for them to get 100% yield sometimes (Since they need to spend air liur only).

Stop getting played, guys and girls. No one has any interest in helping you get rich. High Yield Investment Scams are as old as money itself. Last one I almost got involved in was comodity trading, before I went into service. Remember that one? Guaranteed RM80 per trading night (Sorry, NY Trading time, night only), per RM1000 per lot.

Know how many lost their shirt then?

Lets just make this simple. If you want more than 15% yield on your investment, only way is to open a business. Here's a suggestion, kedai makan margin gets 30%++ Margin (And thats after salary+raw materials+payment for kedai). Heck, sometimes business can be so good that we had to collect service tax.

End Note :- DON"T BE A LOBANG!

Celicaizpower, I am with you. I play badminton too, every Sat 3-6pm, u r welcome to join my group, friendly invitation. I respect and salute your resolute despite so many sarcastic people attacking you, calling you name, even try to reveal you with mobile number (my goodness, I felt they start behave UMNO-like with those gutter politicking practice) you stand firm, allow me to give you a "Tabik", seriously.

I also enjoy photography, use to open photo processing shop in Pg and have won photography contest b4, use second hand Sony A700 due to my old Minolta lens, we can go to KL doing street candid shoot.

I also came from poor family, loss parent in early age, work hard, plenty of sweat and tears, now life more comfort, also driving kancil, proton b4, now driving MB diesel model, enjoy the turbo and torque very much, we can have yamcha, I buy, and chit chat, how about that. Spare your energy arguing with these people here, they have their life, we have ours. We can learn from each other. Please work hard, work smart, the sky is yours, don't let those smart alex keyboard "arguer" slow you down. I wish you all the best. Take care.