And you and your conspiracy theory on regulators as well as ppl wanting Genneva to fail... isn't it the same?

The guys had been debating on the solidness of the business model since the beginning and it is not sustainable. There are obviously those that agreed to that and those that disagree. So those that disagree is now seeing the red because of this present incidence and this is not the first time business like this failed.

I believe the authorities are "investigating" them on the pretext of AMLA and "Deposit Taking". Hence if Genneva is able to justify the source of funds to sustain the business model, I believe they will be fine. Else bye bye.

WHAT??? haven't heard such an idiotic answer. Who on earth would do that?? How do you get BNM, Polis etc to do this??
bribe them?? egg head with mash pumpkin brains. sorry for so rude. just can't help just had a laugh. sorry  brother. no offense.

---

Added on October 2, 2012, 8:23 pm
Who do you think inspire this investigation??? correct answer will get a kick in the arse! Clue, read the Star inside page again!

---

Added on October 2, 2012, 8:27 pm
i'm NOT him or her. i don't hide behind names or personalities. I am in straight talk blogger. if it is a fake, then it is a fake. but before we shoot from the hips, think and do your research first. Hello Giggs, can't you find out yourself?? Why, is Boon your checker?? Is he your slave??

---

Added on October 2, 2012, 8:33 pm
save your mumbo jumbo on JP Morgan old news. We are now talking about the hottest topic in town. Also don try to impress people with all those copy and paste info. these bloggers don read it. save precious space instead of regurgitating wholesale what u swallowed from another website. wonder if you know what is derivative markets!!

Following this thread for few months now, you will notice pro Geneva ppl are not polite...

Hi bro, thanks for sharing, sincerely I appreciate the time you take to reply. I kinda get your point on the first and last part but I am a bit lost on this part, can you help to explain further?

Quote "aronteh" : annual operating expenditure 40++% including rebate, agent comm, staffs salary and etc. You trading business will need to generate more than 200% return per annum just to break even from the 20% sales margin.

Why I didn't get it;

1. I am a forex gold trader, based on history chart as we all know, gold price has been increasing like nobody's business for the past few years. so it is somewhat linear. true?

2. (Please stay with me for this one) Based of fact, If you buy Tons of gold it will be cheaper than buying grams. so lets say current Market price is for 1kg is RM177,420.00 (actual current market price at the time I wrote this) if you buy by the TONS I am certain you can get 10-20% cheaper than normal price. So let say the actual price bought is RM 150,807.00 which is 15% less. The company has save RM 26,613.00. But the company sells it at 20% extra which sums up to RM 212,904.00. So the company gives 2% return to investors and 0.5% commission to agents for a period of 3 months with adds up to a total of RM 4,790.34 per month times that by 3 would be RM 14,371.02. So if we take this amount which the company profited earlier due to purchase price discount RM 26,613.00 and deduct the commission and stuffs which is RM 14,371.02 shouldn't it be that the company already profited RM 12,241.98? further to that the company also profit from the Gold future price which normally has increased.

Genneva Malaysia Supporters will be organizing a MARCH TO PUTRAJAYA to appeal to Prime Minister Najib Tun Razak and the government.



We were informed by Genneva management last week that we will get our gold, hibah and commissions this week. On Monday 1 October 2012, Bank Negara Malaysia raided Genneva Malaysia Sdn Bhd and froze GMSB's bank account. More than 60,000 families and their livelihoods are affected.



OUR DEMANDS:



1. Gold confiscated by Bank Negara Malaysia to be returned to Genneva Malaysia Sdn Bhd (GMSB) immediately for delivery to us.



2. Unfreeze GMSB CIMB bank account immediately as Hibah and commissions to over 60,000 customers are due.



3. Stop attacking, persecuting and tarnishing Genneva Malaysia Sdn Bhd in the media for assumptions and suspicions without evidence.



4. Remove the good name of Genneva Malaysia Sdn Bhd from the BNM Consumer Alert List as gold trading is an unregulated industry in Malaysia.



5. Acquit Genneva Sdn Bhd. This court case is ongoing since 2009.



More to follow. LIKE http://www.facebook.com/GennevaMalaysiaSupporters for updates on the march details. Post all videos and photos you may have at the wall.



~ Genneva Malaysia Supporters
http://www.facebook.com/GennevaWorld?flyin...275561055895126

_________________________________________________________________________________________________________

What does Genneva think they are?  March to Putrajaya now?

Point No. 2  - Hibah DUE..........DUE?  Does this mean there is a CONTRACT? Does this mean there IS DEPOSIT taking activity? 

Lookie at the point No.5..............it confirms the company is just changing names from one to the other.........

Why does a legit company need to change their names constantly? 

RED FLAg

I did buy geneva gold before but cash out because i need money for my personal thing. So i have nothing to gain, just like what i said. What i post just now, sorry, you don't know how to read between the lines. This is a public blog, i could be roasted cos there are cyber troops on constant alert. These are thinktanks. When things happen later, come back to my posts again. Anyway, i am RETIRED FROM this blog. Have fun but my personal opinion, don't waste too much time. If you look at the number of time i post, not many, my friends has warned me.

Nothing to convince since day one, just like to argue facts vs fiction. Convince who, what do i get? A million people will say thank you? Ppl will join me so i can have a fat commission? I am not even working in Genneva! hmmmm. Blogging ONLY la, brother! When i feel right, i want to blog that i am right, with rational facts and figures. That's all folks! Good night!

Of course, there comes lots of bla bla bla from others.........crying foul when ppl are not interested.

Yes there are tremendous blind support for them because the truth is too painful. Other people like me who try to explain politely and objectively have all their comments deleted. Now I am even blocked from posting on their page. Its up to them. They just want to stay in the dark corner and refuse to see the light.

---

Added on October 7, 2012, 2:19 pm

All those with Genneva gold please go to Royce Chuah and sell him your gold at the original price you bought. Please make sure he pays you in cash or bankdraft.

Royce - can you leave your telephone number for those who want to sell the gold to you ?

Some of these senior CONsultants were making Rm30-40k a month.

What I heard from the insider is that bank negara is now trying to prosecute a few senior con-sultan together with the direcors and Datuk bosses. The will be facing the same charges as those datuk bosses. I heard BNM is quite agitated by these Con-Sultans creating the media wave blaming BNM, until calling them ”perompak”. They did not expect the controversy grow so big against them when they first take action. They knew this media action is started by the con-sultan, not the Datuk bosses

The tax evasion will face only fines, and under the jurisdiction of IRD. Bank Negara now wants a more serious penalty for these Con-sultans. Look at it as a backlash if you wish, but that is how the government agencies exert authority unto their opponents so that future potential law offenders will think twice before taking action