In a civilized society, no one is allowed to earn something illegally Do not ever think of Genneva case is not serious as above extream examples. Genneva has already now affected 60,000 investors and consultants. If Genneva business is a ponzi scheme and let the business continues, do you know Genneva will bring how many people and family into a very dangerous situation. These people are going to lose their whole life saving.

Yeap Kim Lai:
BNM please do not get confused between investment and gold trading biz concept of Genneva. Genneva is just a gold trading company meaning cusomters buy and not invest. Don't keep putting words into Genneva as we customers understand with Genneva we "buy" not "investment" so dont call us the customers investing, its your own understanding.
39 minutes ago · Like · 2

I have always wondered and perhaps someone intelligent here can tell me why ?

Bank FD - average 3%p.a.
EPF - average 6%p.a.
ASN - average 9% p.a.
Good share counters  - average dividends of 12-20%p.a.

Why cant banks and EPF give as high as ASN? Is it their fund managers dont perform as good as ASN fund mgr? All the above are legal institutions of course but why the difference??

meanwhile we will wait and see, ocassionally there will be some update somewhere somewhere, hopefully posted here...Yup FB posting on their website is really dying off...

 

Yeah. I noticed their supporters page only has about 4k likes. Where are their 60k supporters?

I have always wondered about ASB. 8% year after year, in good times and bad times. Redemption s are always less than subscription year after year for the fund. Also dividends are paid in units rather than cash. So there is never a cash flow problem. There is no mutual fund in the world that can more or less guarantee a ROI of 8% pa even when markets crash. This is the best investment in the world quite the same returns as Bernard Madoff's return of 10% average on his funds.

Being cheated is one thing, i mean throughout our life, sure got kena cheated before be it cheated in ponzi, cheated in garage sales, cheated in some investment or even cheated when buy stuff from pasar malam. That's not the funny part, the funny part is the person that get cheated still defending the CON man/company, that's a new whole level 

That is because the first Genneva CONpany did not go down. Also do note the raid on the 2nd company, gold maintain stagnant for a year. It did not go bust.

These 2 factors are the reason why people got con and still support Genneva.
If gold price slump further, then more people will support BNM actions.

New way to spot a CON-job.

if rosmah or dr. M appear in their CON-vention, definitely a CON-job!

who's that on the left? O.o

Dadhyanna Tan Mian Lee
YESSSSSS!!!!!!!!
And to all the "Stanley Chongs and Kathy Michelles out there..... the Support group by the Consultants and customers and with the management is REAL!!

Cindy Loy Foong Chan
I almost broke into tears when I saw the 2 Directors. Their word of concern and care had really touch me. Their appearance in the office simply show that they care and they are HERE, RIGHT HERE going through the turbulence with us!! 1 100% support Genneva.

Charles Ponzi was cheerfully handing out coffee and donuts to the crowd that had gathered to withdraw their money after a newspaper revealed that his whole investment scheme was based on fiction. It helped restore people's faith in him and many decided to leave their money with him.

I see history repeating itself here...

Lim Kong Sang
Hei guy! I understand from my upline that some agent, customer & staff is outstide of Genneva holding the banner.... Anyone seen it. Pls snap photo & post it.
10 minutes ago · Like

Lim Kong Sang
Let join our hand together.... Could we make this Friday as our marching from Kuchai Genneva office to ??? BNM or PM office..... What time.....
10 minutes ago · Like

Lim Kong Sang
Let make decision fast coz as employee have to take leave in advance 3days......
9 minutes ago · Like

these bums are still in denial mode and keeps foaming at the mouth spurting twisted logic when everything point towards the fact that genneva's shit has hit the fan and they are now drenched in it.  just ignore it la

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Added on October 10, 2012, 4:34 pm

HAHAHAH   it really sounds stupid when they use the word HIBAH..and genneva SYARIAH..trying to make it look more legitimate to con muslims i see..even the word genneva sounds like smack..GENEVA , SWITZERLAND meh?? 

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Added on October 10, 2012, 4:37 pm

GENNEVA's directors are namely :-

1. Wonder Woman
2. Superman
3. Iron Man

Managing Director/CEO - Daredevil

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    

Spreading such rumours so many customer go support Genneva.
Now BNM just made announcement plus the details I got.

There really isn't much gold left.

It's just publicity stunt. Before this who knows his name. Now he got these poor people to fill up complaint forms , some who came in an old van from Sitiawan giving them false hope and himself maximum publicity. Wonder what he did with those filled up forms. Terrible people

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Added on October 10, 2012, 11:05 pm
The TRUTH is too painful to swallow. Poor fella

Haha somehow all his postings were deleted

so, any news of when bnm will release the findings report?

I think those Genneva Fanatics going to march to putrajaya if their demands are not fulfilled....