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 GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND

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prophetjul
post Oct 11 2012, 03:32 PM

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Wheres the OP? roycechuah?
bdkkecoh
post Oct 11 2012, 03:33 PM

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QUOTE(dreign @ Oct 11 2012, 03:29 PM)
Well does not it sound that way?  The hibah will enable they to go for medical and such.

Dont you think there judgement is way not right?

IN a way you are corrrect, even if I have 100 Mil  sitting in the bank doing nothing. I still cry and say no money for medical...
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thats why i believe in universal healthcare. i dont believe everyone can be rich, but i believe at least all of us can have good quality of life if we manage resources well.
inb4 "smells like socialism" lol
jimliew
post Oct 11 2012, 03:33 PM

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QUOTE(rexis @ Oct 11 2012, 03:30 PM)
60k members x 5 family members = 300,000 Malaysian affected. Look at how many people they have cheated.

Now gold amount do not match with actual investment/sales, before all hell of consipracy break loose, it would be really kind if Gen can provide proof:
1 - the ownership/purchase order/cert/whatever of the total gold amount
2 - how many gold is "now demand high if you want to buy you have to wait lah"
3 - where is the money to order #2
4 - does #1 + #2 equals to the total investment amount? (If not, where is the gold/money)
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u are asking the impossible of geneva. BNM already said their are ponzi scam. definitely not much money or gold lying around their office.
learn2earn8
post Oct 11 2012, 03:34 PM

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condolences and takziah to the victims sad.gif

QUOTE(arubin @ Oct 11 2012, 02:56 PM)
Reported, there have been suicide attempts already. Sad, really...
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face up to facts fast and since its well planned scheme, most likely can't recover much
pool your resources together, as how u did agst bnm on fb. get lawyers and march to those fellas house
ALSO do march on a sunday, so less traffic jam. 60k giraffes and their kawan2 will sure cause trafik jam smile.gif

QUOTE(EddyLB @ Jul 4 2012, 08:26 PM)
For those who are interested, the names of directors and shareholders :

Genneva Sdn Bhd (under BNM investigation for Bafia)

Directors
1. MARCUS YEE YUEN SENG
2. CHIN WAI LEONG
3. NG POH WENG
4. NG WAN YEE
5. AHMAD KHAIRUDDIN BIN ILIAS

Shareholders
1. MARCUS YEE YUEN SENG  RM750,000 25%
2. CHIN WAI LEONG  RM750,000 25%
3. NG POH WENG  RM750,000 25%
4. NG WAN YEE  RM750,000 25%
Genneva Malaysia Sdn Bhd

Directors
1. AHMAD KHAIRUDDIN BIN ILIAS
2. PHILIP LIM JIT MENG
3. TAN LIANG KEAT
4. MOHD AZMI BIN ABD AZIZ

Shareholders
1. ZAILAND BIN BAHARUDIN  RM10,000 20%
2. SITI NOREHAN BINTI MOHD NOOR  RM40,000 80%
Note : ROC report date 25-6-2012
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those poor souls, all they did was 'preserving values and leaving a legacy' to the above fellas doh.gif
genneva 1 & 2, they got millions. with genneva 3, they get billions. can't wait for genneva 4, izit call genneva world
http://www.theborneopost.com/2012/10/09/genneva-gold/

discovered that these companies are operating schemes that are believed to be not sustainable to provide the promised high monthly returns, nor would they be able to provide the buy back guarantee of gold.

“The returns promised are not funded through gold trading, but from the monies invested into such schemes,”

http://thestar.com.my/news/story.asp?file=...6728&sec=nation

too bad I can no longer debate with those pro genneva forumers. when they set up genneva 4, pls come back here & debate. adios and enjoy your ill-gotten wealth tongue.gif especially to punjabi lawyer (anon me) & his sidekick ariel laugh.gif
Attached Image

bdkkecoh
post Oct 11 2012, 03:38 PM

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and btw, i really like these hoo hah created by this genneva supporters. they bring awareness to society to be more careful and at least news is worth watching again other than non stop 1malaysia worshipping chant in tv. hehe
zoff
post Oct 11 2012, 03:40 PM

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QUOTE(dreign @ Oct 11 2012, 03:29 PM)
Well does not it sound that way?  The hibah will enable they to go for medical and such.

Dont you think there judgement is way not right?

IN a way you are corrrect, even if I have 100 Mil  sitting in the bank doing nothing. I still cry and say no money for medical...
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What is the difference Hibah and RIBA?

Hibah : when genneva in its kindness makes a lot of money using blue ocean strategy gives you a gift.

Riba (usury): when you LEND money to Genneva and they pay you interest of 2% per month.

Riba is a serious sin in Islam. And they call it Syariah compliant.
gcwc
post Oct 11 2012, 03:48 PM

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QUOTE(bdkkecoh @ Oct 11 2012, 03:38 PM)
and btw, i really like these hoo hah created by this genneva supporters. they bring awareness to society to be more careful and at least news is worth watching again other than non stop 1malaysia worshipping chant in tv. hehe
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thumbup.gif thumbup.gif thumbup.gif

I like the way you said it...


thumbup.gif thumbup.gif biggrin.gif biggrin.gif

SUSdreign
post Oct 11 2012, 03:49 PM

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QUOTE(bdkkecoh @ Oct 11 2012, 03:38 PM)
and btw, i really like these hoo hah created by this genneva supporters. they bring awareness to society to be more careful and at least news is worth watching again other than non stop 1malaysia worshipping chant in tv. hehe
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rclxms.gif

QUOTE(zoff @ Oct 11 2012, 03:40 PM)
What is the difference Hibah and RIBA?

Hibah : when genneva in its kindness makes a lot of money using blue ocean strategy gives you a gift.

Riba (usury): when you LEND money to Genneva and they pay you interest of 2% per month.

Riba is a serious sin in Islam. And they call it Syariah compliant.
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Its all how they package the product. They are just using gold as there gimmick.

BTW track record is not 100% fool proof. What if, if gold crash to under US100 per oz. All makan angin already.
arubin
post Oct 11 2012, 03:54 PM

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I thought there was something fishy about the podcast so I listened again.

This was reported in the news:
QUOTE
“Many have expressed to us their stressful situations and we hear you. We recognise that these gold bar buyers are bona fide investors and were never an accomplice, or broke any laws,” Khairun, a lawyer, told a room packed with journalists and Genneva supporters.

Fast forward to 15:40 in the podcast clip, you'll hear Al Jazzura Khan quoting Khairun but pausing right after 'bona fide' to choose a better word before settling on 'purchasers'. Yeah, I'm pretty sure that's not that Khairun said lol.

They've always insisted that they are actually gold traders and Genneva is not an investment company. Pat Lu herself has been guilty of this little slip-up. One of her posts in this forum specifically used the term "investing in Genneva" but she will go on to vehemently deny that they are investing in anything.

Don't you just love the way they twist words? rclxms.gif
SUSsoundsyst64
post Oct 11 2012, 03:54 PM

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QUOTE(dreign @ Oct 11 2012, 03:49 PM)
rclxms.gif
Its all how they package the product. They are just using gold as there gimmick.
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They use islamic terms and invite top people like mahathir to convince people and cover up their suspicious schemes.
learn2earn8
post Oct 11 2012, 03:54 PM

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those poor victims who dump in their life savings and depends on genneva, may God bless you nod.gif

those rich ex-bnm officer & etc who bough genneva, well then, use your spare change in pocket and get more info from those senior CONsultants. demand to know how long are the directors gonna hide behind their 14 days own silence rules.
also how come the senior general manager did not do bfm interview and how come must be the CONsultants again to pay for all those 'love and support genneva banners' doh.gif

if u dunno how to get more info to organise march and u did not laugh at my earlier RM80 ssm suggestion. (by not filing their accounts, means SHIT is building up). anyway, its now SHTF, better go over to singa land and extract info asap. in meantime, get your family members to curi pintu dan tingkap di jln kuchai lama, FASTER salvage whatever u can brows.gif

https://www.psi.gov.sg/NASApp/tmf/TMFServle...nkCoStName=EAST

https://www.psi.gov.sg/NASApp/tmf/TMFServle...egisteredEntity

http://www.bizfile.gov.sg/mybizfile/prod/i..._cowithcert.pdf
rexis
post Oct 11 2012, 03:59 PM

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QUOTE(jimliew @ Oct 11 2012, 03:33 PM)
u are asking the impossible of geneva. BNM already said their are ponzi scam. definitely not much money or gold lying around their office.
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Sigh, just like any MLM companies that lecture their members that they are not involved in MLM/pyramid, and invent another fancy name to label their business model.

People can be made to buy a detergent for over RM100 and they still think that they got a good deal. The potential of GOLD is simply huge and unimaginable.

Don't wanna go too far off topic, so period.

QUOTE(zoff @ Oct 11 2012, 03:40 PM)
What is the difference Hibah and RIBA?

Hibah : when genneva in its kindness makes a lot of money using blue ocean strategy gives you a gift.

Riba (usury): when you LEND money to Genneva and they pay you interest of 2% per month.

Riba is a serious sin in Islam. And they call it Syariah compliant.
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Personally althou I do not have to concern about if anything is syariah or not, but I condemn with the strongest sense their intention of labeling anything as syariah.

They are just trying to reach the pocket of the largest majority in this country and for the rest of the population they would say: hey look, its syariah, surelah gov support it.

For me, I will be extra careful if any investment says that they are halal.
plastictemple
post Oct 11 2012, 04:12 PM

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is it too late for me to join Geneva now?
merce
post Oct 11 2012, 04:15 PM

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QUOTE(learn2earn8 @ Oct 11 2012, 03:34 PM)

too bad I can no longer debate with those pro genneva forumers. when they set up genneva 4, pls come back here & debate. adios and enjoy your ill-gotten wealth  tongue.gif  especially to punjabi lawyer (anon me) & his sidekick ariel  laugh.gif
i hope the chick in the pic is not Ariel, she looks hot... blush.gif

or was it the bad pixel image? tongue.gif
j2rags
post Oct 11 2012, 04:17 PM

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http://en.wikipedia.org/wiki/Bernard_Madoff

nuff said...
rexis
post Oct 11 2012, 04:22 PM

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QUOTE(learn2earn8 @ Oct 11 2012, 03:34 PM)
http://www.theborneopost.com/2012/10/09/genneva-gold/

discovered that these companies are operating schemes that are believed to be not sustainable to provide the promised high monthly returns, nor would they be able to provide the buy back guarantee of gold.

“The returns promised are not funded through gold trading, but from the monies invested into such schemes,”

http://thestar.com.my/news/story.asp?file=...6728&sec=nation
Attached Image
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Interesting read, detailed comments on theborneopost.
bolehlah
post Oct 11 2012, 04:43 PM

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This GM mastermind is really good at manipulating the crowd and media. Some media fully participating their side of story rather than to report on the ponzi-scheme characteristic of GM. Very very seldom to see a company has such a power, and yet GM management don't need to show face at all. See who is being interviewed by BFM? The investors only. There is a very STRONG hand behind GM, don;t believe?

At this stage, who has evidence to prove that GM have enough physical gold at the BNM raid? None. But the pro-GM camp still imply that BNM might taken all the physical gold.

My question for those who pro-GM, do you accept IF GM sell investor's gold multiple times? The fact is since many investors deposit their gold in order to earn the interest, GM has huge amount of physical gold at hand to play with. Well, we all know what happen when human greedy. They sell the gold again and again, all the investor receive low interest and a worthless contract, they can run the show pretty long time if without BNM intervention.


learn2earn8
post Oct 11 2012, 04:43 PM

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the only way for us to find out is to join genneva 4. then we cash out after 2 years to enjoy the hot HEEEBAAH icon_idea.gif
otherwise, we can find other genneva HEEEBAAH hot chicks here or here. lookie! there are so many to choose drool.gif
http://www.facebook.com/media/set/?set=a.3...63384286&type=1
http://www.facebook.com/media/set/?set=a.2...32608085&type=1

I wonder can they draw those cute bear pictures while writing 'hidup geneva across the front of my seluar' wub.gif
where's to sign application from? I wan my eye pad too, its so useful after loads of tears and much crying brows.gif
http://www.facebook.com/photo.php?fbid=382...&type=1&theater

Attached Image
they need my moolah to preserve values and leaving a legacy for
1. MARCUS YEE YUEN SENG
2. CHIN WAI LEONG
3. NG POH WENG
4. NG WAN YEE
5. AHMAD KHAIRUDDIN BIN ILIAS
6. PHILIP LIM JIT MENG
7. TAN LIANG KEAT
8. MOHD AZMI BIN ABD AZIZ
9. ZAILAND BIN BAHARUDIN
10. SITI NOREHAN BINTI MOHD NOOR
LONG LIVE THE HEEEBAAH HOT CHICKS biggrin.gif & MORE PICS PLEASE, WITH BETTER PIXEL TOO, TERIMA KASIH GENNEVA

QUOTE(merce @ Oct 11 2012, 04:15 PM)
i hope the chick in the pic is not Ariel, she looks hot...  blush.gif

or was it the bad pixel image?  tongue.gif
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wb4j
post Oct 11 2012, 04:43 PM

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To be fair to the investors, most of them were referred by their relatives and families. Many of us would let our guard down.

What's more, the co. is blessed by our former PM and current PM's wife. How could this be wrong? I would have been one of the 60k investors if someone close have me approached.
s[H]sIkuA
post Oct 11 2012, 04:46 PM

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QUOTE(wb4j @ Oct 11 2012, 04:43 PM)
To be fair to the investors, most of them were referred by their relatives and families. Many of us would let our guard down.

What's more, the co. is blessed by our former PM and current PM's wife. How could this be wrong? I would have been one of the 60k investors if someone close have me approached.
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Yeah. I would have been conned too if I know about this earlier and
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Great lesson not only for the one who kena but for everyone else also

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