ha ha ha ha....ha.......ha.  what a show. here comes your conspiracy amongst your bloggers. welldone.

In all this pyramid schemes, the authorities seem to take years before they raid or close down these businesses. If these are shut down at the beginning, a lot of peoples hard earn money will be saved!   

notice this trend also, pls look back at history of raiding skim cepat kaya normally 'INVESTOR' do their checking to BNM SC SSM... normally they say ok nothing fault with rules & regulations etc etc...  that's why they commit their hard earn money in the first place..  ONCE the SKIM already gather 100Mill ++  then jeng jeng jeng... u know what's coming...

kalau betul2 mau blok tak nak bagi org awam tertipu, awal2 lagi dah boleh RAID/CLOSED this type of company/business...  - that's my opinion...

We humans are emotional people but we like to think of ourselves as logical people. There are people out there who knows this very well and exploit this fact. They know how to push our buttons and make us act based on emotions rather than logic.

If you follow logic, you will never invest because the plan does not make sense. Here's how it works:

1. They sell you gold at a 25% premium. This means you are buying the gold at 125% price.
2. They give you 2% 'hibah' per month as incentive for you to continue with the contract. This means if you stay for 1 year you get 24% from your investment.
3. If you calculate properly at the end of year 1 you are still behind on your investment by 1% (125% paid in advance minus off 24% 'hibah' returns after 12 months = 1% outstanding on your investment).

Thus to make any money at all you need to wait at least 1 year plus 1 month when they pay the 2% again on the 13th month.

Of course they blind you to this fact by saying that you get to keep the physical gold. This seems like a good opportunity but the gold you are holding is at best only at 100% of your initial investment value. Thus your exposure is really the 25% premium that you paid up front.

Logically you are investing the 25% premium and to see any profit on that 25% you need to wait at least 13 months and even then the return is a paltry 1%.

Does this seem like a good deal anymore?

Erm, if la... Genneva is legit then I think they will need to look into this or maybe people will make noise to get this rule amended.

There is a big difference between suspision and reports/complaints. Further more the freezing of a company will have adverse effects on the company portfolio, trust and other, not forgetting the potential business and stuffs.

I still think they should at least get a court order or warrant. Because in order for them to do that, they will need to show the court sufficient and relevant evidence.

Yeah I agree with your point no 3. need hu-ha first then they will change. Sad the current government not so smart. 

I found a great joke here. There is also a definition of 'illegal deposit taking'.
http://www.facebook.com/bnm.official/posts/10151198952449872

Izzit possible that with the volume of "investors" in Genneva Ponzi Limited, a small quantity of fake gold, spread around, is actually used to have the 'profit' needed?

Wow, a police report made based on assumption, I wonder where she got her source from. I think it is more proper for the lady to sue or make a police report for Genneva SG rather than Genneva MY.

I thought these people get allocated physical gold, in their personal possession.

Based on 1 report the RMP and CAD can co-operate? wow.... very effective liao
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Well, they are raiding based on suspicion inwhich still meaning that they have no solid evidence.

got a new interesting info 2day, thought i'd share it with u guys. About BNM raiding genneva, and 3 other gold traders bcoz of suspected ponzi scheme is only their 2nd reason. The main reason is illegal depositing n transferring illegal funds .
This is what i am told, as genneva is a sdn bhd, it is only required to present their companies account, and where they acquired their profit in 'general' only. What BNM and the police are interested in is who are the gold buyers.
let's say im a drug kingpin, have 5 million in cash from selling drugs. Where should I keep my money? in the bank? of coz it will raise the alarm at BNM. So, I buy gold from genneva. When I buy 5 million gold from there, genneva does not inform BNM that I have 5 million worth of gold with me. I get the hibah for 3 month and then I wont sell back the gold. So, I just keep my gold somewhere safe and no authorities will know I have them.
2nd scenario- I am an overseas vip who have 'certain' interest in the politics in Malaysia, and want to give funds to a certain VVIP here. I just send some1, buy 1 million worth of gold at genneva, and give it to the VVIP. And the M.O is the same as above. Keep the gold somewhere safe, and no authorities have a clue. ( some just keep it at genneva )
So, the reason for the raid, take of the files and confiscate the gold, is to know what's the names of these high 'investors', and taking their assets from them.

BNM shud come up with their report once and for all and then no more speculation. They froze  the previous company as well as many other companies on suspicions of whatever and no news after that?? So what happen to all the gold and $$$?? Who gains the interest on this after so many years??  Can anyone answer that??