If the forex agent is selling you US$ at RM3.72 (ie RM3.10 @ 20% above market price), and give you back 2% per month for a few months, would you like to buy from him ?

So?

Many are making big bucks from black 4-D.......you are still doing something ILLEGAL!

Not to mention it's not too statistically smart to risk $ that way

BUT BUT BRo,

they are smarter than us ........they are making $$$$$$$$$$$

Diff strokes for diff folks lor.
I don't want to keep worrying about my investments
+
i don't want to be chopped into little pieces if i shared/CONvince some folks into it and the music stops playing
Not too nice mar right? Not going to be one of those "anything for $" - still have a conscience or right/not too right.

Well, that's just me.
Others who are lucky enough to ignore both items above, good for them lar

This post has been edited by wongmunkeong: Aug 8 2012, 03:25 PM

Papa, you are getting too old aledy.

Banks are trusted, listed co, big paid up capital, decades of operation history eh?

What you talking ? BNM ownself is screwed up.
You so good in browsing internet and doing research mah can you explain this leh --- http://cgmalaysia.blogspot.com/2012/06/ban...ing-losses.html
http://malaysiansmustknowthetruth.blogspot...-no-wonder.html

RM30 billion scandal leh. How many pieces of gold can buy oh ??

Is it considered legally doing something illegal ah?


By the way are you "potong" aledy ah?
Why you worry whether they comply with the Fatwa or Syariah issue leh?
For non-muslim it is not an issue leh.
You cannot say not halal mah because it is not BAK KUT TEH oh.

One more thing.....BN did not mention Genneva is illegal. It just listed in their list of companies that consist of investment companies that are not licensed by them. That's all.
So how can a company which is registered to do trading be a licensed investment company.....of course not mah.
Understand the contents first, don't simply jump to conclusion and say the wrong thing loh !!

Read this very carefully which is from their website ----

Question: Does GENNEVA have a license from Bank Negara Malaysia or Securities Commission Malaysia?

Answer: No. GENNEVA is a gold trader, not an investment company and does not fall under the purview of Bank Negara Malaysia nor the Securities Commission Malaysia.

Well said, this is exactly what i told a "genneva" salesman who approached me. He try to scam me by saying 2% return per month.

He, obviously has been brain washed liau, even don't know how to buy gold at much lower price and sell it at higher price (aka buy low sell high).

Nah, I'm lazy to enlighten him, since he worshiping genneva blindly.
Maybe he knew it, maybe he just pretending in order to earn commission, this is very common.

Wow...advertisment tactic changed. The last I heard, they are:
1. Investment
2. Shariah compliant
3. BNM approved


Btw, precious metal trading in volume is monitored under AMLA, thus will be under the purview of BNM.

Hello Mr. Miow, Miow,

Don't just hear, go and investigate yourself, see for yourself with your own eyes and listen attentively.

It has always been a trading business. There are many people like you out there who twist it and spread the news as an investment company because simple minded people like you all keep on thinking and have the mind set that got return(money given back to you) is always classified as investment.

Dr. M launched the Syariah Compliance and it has not changed since then. It is only recently when the fatwa people started the story of non-compliance which is indirectly shooting the syariah people.
That means you have not even seen the launching by Dr. M on youtube.

Where is/was it ever stated before it was BNM approved??



This post has been edited by pokemonkiller: Aug 8 2012, 10:31 PM

Let me ask again... is Genneva BAFIA compliant and AMLA compliant?

ALL ppl I know involved in Genneva told me its a "gold investment"...no one said anything about "trading"

Market itself as syariah-compliant
Then Majlis Fatwa said its haram
Now say halal or not does not matter

Just like, go see a doctor
Then u found out that the doctor has got no medical degree and practising licence
Doctor: "Itu tak penting...yg penting tu I gerenti dapat pulihkan penyakit kau..."

Ooh...

Wow...twisting kung fu lagi powderful than John Travolta during his heydays

If doing something ILLEGAL is alright by you......

Son, I know your business is bad lately. But I didn't know it was so bad that you have to twist and turn something published in the newspaper by all the authorities. You think you can change the perception of the consumers when it is already widespread news ? The more you say, they more people here think your "body got shit"

My suggestion to you is quickly change job. The latest news in The Star says "Members of the public who participate in the illegal financial activities could also be charged with abetting the operators....''. Son, you are not a kid anymore. Papa cannot be around all the time to take care of you. You got to protect yourself. Don't make Papa worry about you all the time.....

http://thestar.com.my/news/story.asp?file=...6655&sec=nation

From your fellow Genneva Malaysia supporter, stating about BNM, Syariah, BAFIA - maybe he's from a different marketing spin from yours?:
http://forum.lowyat.net/topic/2265281/+108
"...Hello, it involves religious Syariah Laws compliance and you think the religious advisors from BNM will acccept frauds?? Don't tell me they were paid off.........PLEASE! Don't insult these people in BNM and the Syariah Law experts who are religious people!! I heard one of the Advisor from BNM SITs on the Board of Genneva as advisor and observer that Genneva practise the Syariah Law Compliancein its fullest compliance. Please don't confuse the public!!!! Luckily, i'm not confused."


http://forum.lowyat.net/topic/2265281/+115
"... but 'funnily' BNM still allow them to operate, coming to 2 years now! Since they have a Syariah law professor as advisor from BNM on their board and 3 other professors in Genneva panel including one seconded from a bank, BNM should know, they do have their own officers checking on companies like them. My question is, why didn't BNM and ROC strike Genneva off?? I was told that Genneva is also reporting to BNM on a monthly basis. So that is why i couldn't believe all the talk about Genneva being scam (very easy to shut down these kind of companies). These rumours could have come from different quarters who were severely affected by Genneva's operations. They were also investigated for breaking the AMLA act. But investigation is going on but this is not investigation into scam. Todate I was told that BNM could find any misdeeds by Genneva. ..."


http://forum.lowyat.net/topic/2265281/+117
"..High profile names. They are in the papers and on Genneva's office wall and videos. Or you can get from the company officers. A good many. Syariah Law professors? A good many. Ask any Genneva consultants. They should know if not i'll be SURPRISED!!!!

When we go into Syariah Law, it is debatable, a big topic beyond our grips. But at least we know they come under the purview of BNM. That is good enough for me. At least the top authority is into this and provides guidelines, particularly for those who practise Islamic banking and financial operations to be able to 'profit' from it righteously in their way of religion. That is, this law for the Muslims. Then, this guideline is even stricter in the sense as it stems from trying to conduct it religiously, if you know what i mean. So at least the higher authority BNM knows what is going on.

That is all i have to say..."

As stated in BNM released statement: "Based on information received by BNM, below is the list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM:"

Bro, it's ok lar, there are people like that - they think $ is everything.
And most of us, ranging from poor as dirt (me) to multi-millionaires near retirement age fellows (), are stating it's not a right thing to do - to profit from some poor sod believing in such a thing,
who are coming in late into the game,
thus enabling the scheme to pay the earlier folks,
which suckers more poor sods into the game.

Karma & payback's a b*tch.

As you can see my posting above, my son is doing just that.....

when critics criticise, a rational staff/investor try to explain rationally

when they appear overly defensive, take it personally...

...they blind already. Just like my friend dumping investing in a thing called APG REIT

It is a good thing when I come to think more about it - only when he fell down many times, then next time he can walk better

Well, that's the usual hardship endure by all fathers to see their sons grow up......

I am just wondering people like Papa EddyLB, Guitar Player (Spidey) Accountant, etc, are they great and very experienced investors with investments touching millions in the share market or just someone who likes to yak on blog sites to show off their knowledge which they learn from friends, books, newspaper.
Or are they just scaremongers?

Remember this --- “If you’re not brave, you will always be poor.”

If Uncle Lim NEVER TOOK THE RISK to build Genting, because everyone thinks he is stupid to open a casino so high up in the mountain and people will ask which a#$ hole will go there, then he will not be what he is today and will still be riding bicycle today and his kids may be selling VCD instead !!