Yeah..many funny thing in this company also.
Also claim to be a buy and sell company but pay divident!!!

From what I see, you only focused on the hibah for the whole full year of your investing period without considering the gold price. Does that mean the price you buy from Genneva is exactly the same as the price you sell back to Genneva?

So I assume:
First, you buy a gold bar above 25% markup price form Genneva.
After 6 months, you sell back to Genneva with the same price and earn net profit from hibah 12%? Next you use back the money from the sellback and buy the same gold bar to earn hibah 18% for another 6 months?
If it is the same gold bar, the management does not need to buy new gold cuz you are just buying the same gold bar. Thus there are no new profit in wholesale gold bars of 10%......correct? (No new gold bar needed rite?)
Then by the time you sell back the gold bar to them with the same buying price, the management give back the 25% markup to you. Thus eliminating the so called profit 25% the company got for second hibah.
So you really believe that in 6 months, the company with the 35% profit from selling the gold bar to you (during first time) can generate enough money to cover the profit of your first hibah and also your second hibah??
And still for the whole year, we are just talking about 1 gold bar?????????

So the process of buying and selling repeat, repeat and repeat......rite?
And the same f**king gold bar is being used????? Tell me where is the money to generate the profit. What wholesale? What Hedge? what Invest?

This post has been edited by anudora: Oct 9 2012, 11:10 PM

So my assumption is true?

Sorry if I sound like scolding you. I get too fired up when typing the reply....
Thanks for sharing the information with us. Well, lucky for you that you still had the gold bar.

So it is confirmed is a SCAM!!!
The shit had hit the fan!
Wondering what Genneva supporter gonna say about this.....Still support 100%, 200%???

BTW after a few month, maybe got Genneva Malaysia 2.0 Sdn Bhd.... and people would still rush to "buy" gold from the company

This post has been edited by anudora: Oct 10 2012, 08:12 PM

I know.
The first Genneva is called Genneva Sdn Bhd.
Now is Genneva Malaysia Sdn Bhd.
Next is Genneva Malaysia 2.0 Sdn Bhd..........Nothing is wrong(maybe I lack creativity ). Maybe got Genneva Malaysia 3.0 Sdn Bhd, Genneva Malaysia 4.0 Sdn Bhd on the way....


This post has been edited by anudora: Oct 10 2012, 08:25 PM

If the BNM not yet release any statement that confirm the company is Ponzi, they can stay in their dream and deny everything.
But now BNM already release statement confirming that the company is a Ponzi Scam, do you really believe they are still dreaming and in denial mode?


I don't think so. In fact,I see this as a desperation act of consultants to continue diverting the attention (since they had been so successful in doing so from the start) of their customers to BNM. So that nobody will come to kacau them and blame them. The whole facebook setup thing are being done by them not by the management. The consultants know clearly that as soon as they admit the company is a scam, customers will immediately turn to them. So don't stop the music.....keep it going.

Maybe the directors also blur blur now and had no idea what hit them. They look more like directors for window dressing and scapegoat only so that when the time come, they will take all the blame. The real culprits are probably drinking wine somewhere in an expensive cafe celebrating their Genneva 2.0 SCAM success.

The good thing is I see some of the customers are starting to wake up from their dream.

This post has been edited by anudora: Oct 11 2012, 01:13 AM