(thinking stops) Luckily that happens to me only when i see lang luis
Greed... yeah & the worse part is suckers get other suckers into it.. sounds just like the great Goldquest gold coin scam and the likes

the scheme will only break apart when gold drops back to pre-bull prices or no new customers coming in... which will be unlikely...

How do they use our money to make money. Please go thru the whole process of how Genneva make use of our money. Please don't just say it and don't illustrate HOW. You mean they don't have initial capital but use our money to start their business? Can't believe it.

Why not YOU enlighten us

Its all about positive cashflow and Gold SPIN.

These two assures that the company will not die.

Even when gold price finally tanks, the bagholders will be holding the gold. The 6 month contract is long gone.
There IS NO GUARANTEED buyback after the contract period.

If you wish to seell the gold then, you probably end up with another 20 to 30% haircut from the jewellers......

Like i mentioned, hopefully you are not the one holding Genneva gold when the Gold musiccal chair stops!

Can't always focus on their financial plans and programs to see where they make money. They can make money on just their events/seminars. They usually have entrance fees for those, its not free. Sometimes they have it for free for promotional purposes. But they do have paid seminar events about gold investment in details.

These events are great mixers to meet investors. Remember they invested in Genneva what makes you think they won't invest in other products during the event. Its a salesman/agent heaven. An insurance/property agent will easily be happy to make a sale there by telling them not to put all their eggs in one basket and also invest in their financial plans.

Another one could be collecting information and selling it. The S&Ps they collect can get some serious valuable info. Who's a big investor and who's not. Big investors usually have more big money to invest else where. Who wouldn't want their contact?

Maybe Genneva is doing this. A lot of financial institutes do. They do get money from somewhere and not always straight from the products they sell.

This is interesting. Those "investor" never stops coming with defense reply.

sound familiar?

Full of greedy people in this world. That's why everyday people got cheated.

Those people who already "invested" are finding excuses to justify the risk. Just like mistresses who believe her man will divorce one day and marry her



This post has been edited by EddyLB: Jul 1 2012, 11:24 AM

the latest thing from my agent, the r launching new platform

anyone here dare to go in

This post has been edited by skng03: Aug 7 2012, 09:54 PM

get the details, check for SC approval, if no, report them...long time no see news of MLM/Pyramid/Ponzi kompany kena raid in papers already

Our sc can raid swiss privatebank at zurich meh ??

but to collect money to invest/deposit with a swiss bank, the local "agent" need approval

I think if it's regarding sales transactions/ trading of gold & collection of monies from the public within M'sia, perhaps this is the purview of BNM & Min.of Domestic Affairs, rather than the SC.

This post has been edited by ccslink: Jul 4 2012, 12:47 PM

Out of curiosity, I did a ROC and CTOS search on Genneva Sdn Bhd and Genneva Malaysia Sdn Bhd

Genneva Malaysia Sdn Bhd's paid up capital is only RM50,000.00

Amazing such a small paid up capital is doing so big business

It's called using OPM mar (Other People's Money)
note the dripping sarcasm until i "see the light" of this great investment SCHEME

Aiyo, not RM2 company is considered very good already lar

This one we have to @gree, lost of cronies' rm2 company awarded gov projects

For those who are interested, the names of directors and shareholders :

Genneva Sdn Bhd (under BNM investigation for Bafia)

Directors
1. MARCUS YEE YUEN SENG
2. CHIN WAI LEONG
3. NG POH WENG
4. NG WAN YEE
5. AHMAD KHAIRUDDIN BIN ILIAS

Shareholders
1. MARCUS YEE YUEN SENG RM750,000 25%
2. CHIN WAI LEONG RM750,000 25%
3. NG POH WENG RM750,000 25%
4. NG WAN YEE RM750,000 25%


Genneva Malaysia Sdn Bhd

Directors
1. AHMAD KHAIRUDDIN BIN ILIAS
2. PHILIP LIM JIT MENG
3. TAN LIANG KEAT
4. MOHD AZMI BIN ABD AZIZ

Shareholders
1. ZAILAND BIN BAHARUDIN RM10,000 20%
2. SITI NOREHAN BINTI MOHD NOOR RM40,000 80%


Note : ROC report date 25-6-2012

spot on...