DANG! i miz me HI-Baah!

HELP!!!!!!! GENNEVA SINGAPORE is Holding Back the 2% returns for TWO MONTHS already.

IS IT Happening in GENNEVA MALAYSIA ?

This post has been edited by transform: Sep 3 2012, 10:25 PM

How much is the 2%? You bought from Geneva Singapore?

can u brief the entire story?

Ha ha ha LOL. Still waiting for the Hee- bah!

Xuzen

Bro sengih,
How is your research/verification and encounter with Bank Negara and Islamic Authority ? Any news to update here ?

Still waiting to see if it is still a good time to pay Genneva a visit (bringing along my cheque books)

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Added on September 4, 2012, 6:06 pmhttp://forums.hardwarezone.com.sg/money-mi...up-3861349.html

This post has been edited by EddyLB: Sep 4 2012, 06:06 PM

No reply so far. Must be bz with all the raya open houses. Typical...

Haven't given up hope yet ? My advice is don't waste your time.

Did you read the link I paste above ? Let me summarise for you :

1. Singapore Genneva is "holding back" payment of interest
2. If want to "sell back" your gold bar, they impose "queue"/"quota". The fastest time to sell is now March 2013
3. Singapore office now everyday full of "investors" making "some scenes".

Go read.....

http://forums.hardwarezone.com.sg/money-mi...ut-3861300.html

http://www.martinlee.sg/genneva-gold/comme...#comment-134344

Look like Genneva soon will collapse .....money game !

Hi transform,
There's a change of management in Genneva Singapore and they are working 24/7 to clear the backlogs, etc caused by the previous management. Be patient. Hang in there. All will be resolved soon.

Genneva Malaysia is strong as on oak tree and moving forward like a bullet train.

And yes, ignore all the rumours, speculations and assumptions. You'll only be missing out on a good thing if you choose to listen to all the hearsay not backed by evidence.

Cheers and have a blessed GOLDEN day.

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Added on September 5, 2012, 1:15 pm
Can understand the concerns if not briefed properly and worse, if some internet-savvy consultants themselves are jumpy and scaring their customers unnecessarily.

As for martinlee.sg .. GENNEVA consultants are not bothered with Martin Lee's blog whose sole objective is to discredit and run Genneva Malaysia and Singapore down without solid evidence. If you dig deep into their long-winded previous pages and repeating themselves over and over again, you'll discover that the regular commentators are selling gold too. Martin Lee's blog has lost all credibility.

If you really want to learn more about Genneva, visit their official website http://www.gennevaworld.com.my instead of wasting time reading all the comments by people who did not buy Genneva Gold thus have no experience in the buying and selling Genneva Gold first hand.

You are missing out on an excellent opportunity to make your money work harder for you.



This post has been edited by PatEagle: Sep 5 2012, 01:15 PM

Dear PatEagle

If you hold your employee's salaries for a few months and added up to $5 millions SGD will you start paying them back or just keep accumulate ? It is happening in Genneva Singapore now. What if the commissions BALLOONED to more than $10 Million ?
What will you do ?

This post has been edited by transform: Sep 5 2012, 07:26 PM

Genneva Singapore and Genneva Malaysia (and China, Philippines) are run by the same people (as claimed by the agents and website). Their "business model" is the same for all the countries. If their Singapore operation cannot sustain, then Malaysia etc also cannot sustain eventually.

I must admit our Singaporean brothers and sisters are "more clever" (or should I say "less stupid" ? ) in the sense that they are the first country that caused the episode to blow up

The Singapore "investors" have formed a group (called "GennevaComplainGroup") so that they can pool resources to fight Genneva Singapore. Here is today's message they posted :



http://forums.hardwarezone.com.sg/money-mi...3861300-13.html

Mr. Pat Lu do not know how to differentiate gold trader and Ponzi scheme agent. If you check the article of Genneva in the newspaper or their facebook, you can find that they are just telling you that they are gold trader but nothing about their ponzi scheme.

They try so hard to destroy their reputation/ image by twisting, fooling, deleting comments which are not favor to them.

genevva already get into court case for money laundring .
check internet few court case already , 80% my friend already cash out , many still monk ca ca ,, sure kena cheat until 0 sen.

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Added on September 6, 2012, 1:51 amhttp://www.jonathan-quek.com/?p=6798

http://www.bnm.gov.my/microsites/fraudaler...tus.htm#genneva

read ...see how many genneva director KENA CHARGED IN COURT , do u know them , wearing nice and talk to you nicely ? hahaa...

This post has been edited by bertdeen30: Sep 6 2012, 01:51 AM

Pat Lu is a interested party to the scheme.

Her words will have no bearing on TRUST.

However the actions of a company who changes their condiitionsof agreement like a chameleon does have
bearing on TRust of a company.

press release by BNM dated 5/9/2012.

Update on Financial Consumer Alert List

Bank Negara Malaysia would like to refer to the recent media reports relating to the Financial Consumer Alert List published by the Bank. The introduction of the List is to provide members of the public a quick reference and guide in making decisions in relation to various financial services offered by non-licensees.

The Financial Consumer Alert List essentially refers to the list of unregulated person or companies who have been mistaken as being licensed or permitted by regulators including Securities Commission Malaysia, Ministry of Domestic Trade, Co-Operatives and Consumerism, Companies Commission Malaysia and Cooperative Commission of Malaysia on their business activities.

The List comprises of companies or individuals not licensed by the regulators and which have received numerous inquiries from members of the public. The List is not exhaustive and will be updated regularly for public's reference. For further information, members of the public can contact BNMTELELINK at 1-300-88-5465. The Financial Consumer Alert List is available on Bank Negara Malaysia's website (www.bnm.gov.my/consumeralert).

Bank Negara Malaysia would also like to advise members of the public that they are free to undertake outright buying and selling of gold. However, members of the public should be cautious of various illegal deposit-taking and investment schemes especially in precious metals such as gold that entice them with high returns. These schemes promise high returns over a short period of time with the option to buy back the gold. These schemes could be "get rich quick schemes" or termed as "Ponzi schemes" where the investment money collected are used to pay out as "high returns" to other investors. Such schemes are illegal and fraudulent and members of the public may lose all their money.

Members of the public are advised to check with the relevant authority when dealing with companies or individuals offering seemingly attractive business opportunities or financial services and not licensed by the relevant authority.

Bank Negara Malaysia
05 September 2012

© Bank Negara Malaysia, 2012. All rights reserved.


http://www.bnm.gov.my/index.php?ch=en_pres...ac=2646&lang=en

sounds familiar eh?

Hi again transform

What will I do? Wait patiently to give the Genneva Singapore new management time to sort things out. As I am aware and as I mentioned earlier "There's a change of management in Genneva Singapore and they are working 24/7 to clear the backlogs, etc caused by the previous management. Be patient. Hang in there. All will be resolved soon."

The huge backlogs can't be cleared at a click of a button. They need time.

Ranting and causing a ruckus will not solve problems, will it?

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Added on September 6, 2012, 2:23 pm
Hi doraemonkiller

ROFLOL!!!!! Your first paragraph reminds me of MCA asking Penang Chief Minister Lim Guan Eng to proof he is not having an affair.

Re. your second para... Hello, read their note:


Question.. if someone goes to your home, accuse you of all sorts of things and cause a ruckus without evidence, what would you do?

Look forward to your reply to my question.

This post has been edited by PatEagle: Sep 6 2012, 02:23 PM

Here's another view:
Malaysian Reserve 4 Sept 2012
BNM’s move on gold trade seen as ‘right measure’

Bank Negara Malaysia’s (BNM) decision to place several gold investment companies on an alert list is seen as “the right measure to look into the legal framework and mechanism to regularise the trading of gold in the country.”

However, the regulatory move has reflected poorly on some legitimate businesses, said Gold Bullion Entrepreneurs Association of Malaysia (GBEAM) secretary-general Datuk Joseph Kow.

Kow, in a media release yesterday, reported that the gold trading business is currently unregulated, with no special licence or approval required from any authorities, including BNM.

“The government has taken the right measures to look into the legal framework and mechanism to regularise the trading of gold in the country,” said Kow.

According to Kow, currently no import or export permits are required for the trading of gold. Those wishing to bring in gold bars from foreign countries only need to declare their purchase to the Malaysian Customs in accordance with the government’s US$10,000 (RM31,100) import limit, said Kow.

According to the Gold Exemption Order 1986, every person in Malaysia is free to buy, lend, sell, borrow, hold or export gold.

“This would mean there is no reason for any gold trader to be blacklisted as recently stated in the media,” he said.

Read full article at http://www.gennevaworld.com.my/index.php/b...-right-measure/



This post has been edited by PatEagle: Sep 6 2012, 02:43 PM

funny that BNM release that 1 day after this article... makes me wonder if this appears to be a warning/reminder to the public to be mindful about companies carry out "ponzi-like-scheme".

The signs are there....better cash out ASAP!