too late to say sweet things. even gold itself is already a risky investment

He should be ashamed of himself, 15 years of experience and Genneva

innovative system
wealth/profit sharing
new models

everything points to pyramid/MLM...

means, when new entrants/fund inflow stop, the music stops

All go educate these victims that genneva is the one victimizing them, not BNM!!

Tell them in a nice manner:-

http://www.facebook.com/GennevaMalaysiaSup...?flyingspaghettimonster=ts&fref=ts

15 years experience can tell this kind of crap. Malaysian really muka TEBAL..

Ah, thanks for the updated, I didn't see the 2nd news letter. I only saw the 1st one.

The 1st one was based on what I mention earlier. The 2nd one is another different story all together.

Well, Like Genneva, I hope all the guys there get back their money later.

All go educate these victims that genneva is the one victimizing them, not BNM!!

Tell them in a nice manner:-

http://www.facebook.com/GennevaMalaysiaSup...ster=ts&fref=ts

Also The Star newspaper butthurt a lot cos geneva sponsor one of their event.

http://thestar.com.my/news/story.asp?file=...&sec=metroperak

thats the page i was talking about. what to say without hurting their feelings further?

worst is if anyone suicide. touchwood. we are talking about gold. the precious metal that had captivated people for thousands of years

off topic a while, other than for jewellery, I don't see any use for gold. Yet for centuries ppl have always treasured 'em. Islamic council should issue fatwa declaring gold as haram

indeed true. handle gold investment with care

They'll blame BNM, the very body that is protecting them, FFS.
I hope none of them commit suicide. The peps should come clean if they have an ounce of conscience.

BNM's action is long overdue to protect newer investors from making their mistake with geneva.

huh...

gold is used for electronics, medicals, aeronautics and other industrial implications.

ur PC has gold (yes ur processor to be exact...)

ok my bad, my bad

but the general idea I get is, ppl treasure gold more for sentimental reasons than for practical reasons

If I'm not mistaken, in Islam, gold is treated as currency. it's to be used as medium of exchange and store value. therefore no way islamic council would issue gold as haram....anyway I've very limited knowledge regarding this, so I better not to indulge in this topic.

"Also The Star newspaper butthurt a lot cos geneva sponsor one of their event."

The mass media, particularly The Star, should shoulder part of the fault since the standard of journalism seems to be lower and lower everyday. Just over the weekend, there was an article on whether retirement with RM1 million is adequate, and the writer concluded that it could be tough as it only last 25 years with RM3,333 per month, and alternate option is keep working. I think the writer spoke to financial advisers who believed that keeping your money under the bed is an option.

I know that letters to the Editor are edited for grammar... I think some letters should also have editorial rebuttals, otherwise some readers would wrongly assumed that the letters were well thought-out. Blue ocean strategy and new innovation in an age old business of buying and selling gold?

From the FB page support, still a lot of people brainwashed still cannot accept the truth.

Yup, u are right!!!

Bro, that's why I boycott the star since 2007.
When I saw the sponsorship, I just shake my head and sigh. The poor credibility that The Star already has plunged even lower.

That is because of the Blue ocean strategy and new innovation in the art of scamming!

A lot of people, especially those who got caught are asking why BNM raid Genneva. They make it look like BNM is bullying them.

Well, I also have a lot of why questions that I hope those supporting Genneva can answer:


If Genneva is a legit company:

1. Why did they fail to comply with the rules and not submit the necessary statutory docs?

2. Why did they not act fast and clear their own name when they first got listed under BNM's alert list?

3. Why did they list themselves as a trading company and yet sell their product like investment? They even call their clients investors. Shouldn't they call them customers?

4. Why did Genneva S'pore also got raided at the same time? If BNM made a mistake or acting like bully, are you saying S'pore's authorities are also making a mistake and bullying their citizens?


If Genneva really have a legitimate secret formula to generate such high returns:

1. Why did they not establish themselves as an investment company first?

2. Why did they not set up their company in Wall Street first? Surely they can make more money there, right?

3. Why do they need to operate like MLM and ask their customers to 'recruit' new customers? If their formula is so good, then they would have been famous even just by word of mouth. No need to spend more money paying incentive to the 'consultants'. Ever heard Warren Buffet setting up a company and recruit like MLM?

4. Why operate from a shop lot in Kuchai Lama? Can't they afford to rent an office in the Twin Towers? After all they are dealing with gold, right? A more prestigious address can only help boost the image right?

5. Why target all the aunties and uncles as clients? Should they not target the banks and financial institutions? Surely banks and financial institutions have way more capital to invest and make more money in a shorter period of time. Shouldn't they at least have a corporate arm to sell to corporate clients? Surely companies want to make money too, right?


Imagine that Genneva has a team of people that can outperform even the best in Wall Street and can reduce Warren Buffet to a footnote. Why hide and pander to retail customers like uncles and aunties only?

Remember the last person who claimed to be able to consistently turn in profit just a tad higher than the Wall Street experts was Bernard Madoff. He's behind bars now and is charged with running the biggest ever Ponzi scheme uncovered so far. If Genneva is legit, shouldn't they come clean and prove to the world that they do have the magic formula? If they did this then they would be allowed to resume business and will have more customers than they could handle not only in M'sia but the whole world. Why aren't they doing that?