+1

Of course EPF is PONZI....just that EPF can't pay u 2% every month...!

And we don't call it a Ponzi Scheme.
It's known as EPF scheme. Maybe change to Satu Malaysia Scheme.

You guys arr.....everything not to your liking you brand it as Ponzi....

EPF has a legitimate business --> lending, invest in share market, invest in property market etc etc

If it makes money, then the member gets dividend. If it loses money, members net worth will be reduced. It is just that in the history, they never have -ve return. Low return like 2% got lah IIRC

Whereas Ponzi --> no legitimate business. They use fresh money to pay the older "investors" until 1 point the scheme cannot sustain

These jokers are trying their best to legalize Ponzi scheme in this country. My god.

the victims should all make police reports to protect their interest and if genenva is guilty of scamming, the reports will send the consultants to hell for their greed.

You are right. Switzerland after all is the favorite place for hiding ill gotten gains; favored by drug lords and dictators. Con men like names like Swiss cash, Geneva etc. Geneva after is the Banking capital of the world for "secret" accounts.

sounds like cult

Agreed, he himself say EPF is investor, but GM is what ? What is their source of income to pay those high hibah ? At the other hand, u can view EPF annual financial report, n protected under so many law/act.

http://www.kwsp.gov.my/portal/en/about-epf/annual-report
http://www.kwsp.gov.my/portal/en/about-epf/epf-act

just wondering, how a con man can be called a dato...

A Datuk is about RM300,000 nowadays

We even have a Tun now being sued in court

Now this is precious. Latest post on Genneva Malaysia Supporters Facebook page.

How sure are u he is a real Dato'.....not a CON-Dato?

Couldn't resist getting in on this one:

https://www.facebook.com/photo.php?fbid=278...&type=1&theater

there are some commodities that money can buy.

u got $$ tan sri also no problem

+1
Most of the BN colonies are doto. Did they contribute anything to the people? Not all all.

I like their marketing strategy ! They are really good !



Why don't they compare since 1970s ? Then they will know the true picture.

This is called "selective data period manipulation" to achieve the desired results

Saliva on their plate or punch on the face

I am not an investor. Hell, I don't even really care about investment related stuff, but this whole Genneva Gold is really fascinating to me. I've been staying up late, reading up on the whole saga.

I find it quite incredulous (and hilarious) that the victims are calling BNM perompak and clueless. Imagine that. BNM is renowned globally with strict and conservative banking laws. I understand that thanks to a lot of the policies in place, we can be glad that we are not in a deeper hole economically than we are right now.

Nevertheless, these victims are questioning BNM's authority and pretty much the laws of this land as well because the danger of their hard earned money vanishing. I really loved how one mamat on the Genneva Gold Support Group FB page is trying to equate paying an Air Asia ticket in advance to illegal deposit taking. Suddenly, everyone is an expert on financial laws in this country. LOL.

This also really shows how people can be easily blinded by greed, and how common sense (which is really not that common) can be thrown out of the window.

"Ha, 25% return on investment? Better than EPF wei! SHUT UP AND TAKE MY MONEY!"

Anyways, I am really keen to see what BNM decides. My honest and uneducated opinion is that this is a classic Ponzi scam. You can call it whatever you want, but I am of the school of thought that there are no free lunches in this world.

My thought goes out to all genuine victims, but I'm sorry. At the end of the day, you are responsible for your own decisions and actions. You live and die by them. If you survive this, you should never make the same mistake again.