i'm not out to convince anybody........i go paranoid with bloggers who don't talk with rational and yet they act like they know everything. You are right, raid on suspicion will apply to all, it is a tool with absolute power. It can shut down any business, ANY. And i am sure you know the implication. We cannot say it cannot happen to you, cos if you are a gold trader, it may come to you. The legislation following this case will set in motion future controls which may not be very pleasant for gold traders and gold shops. This case is a steeping stone to controls, Like I said, if you check on the inside page of yesterday's star report, you will get a clue. The writing is on the wll. Still some bloggers bla bla bla like a blind sheep. Just like USA's "war on terror". With that policy, it can eliminate countries which they suspect to have terrorist and declare war on it. This is absolute power unlimited. MLM can be scam. So, what cannot be scam. Ppl do a calculation using simple arithmatic, wow they know already it is scam. Try using arithmatic and calculate how MLM does it pay out, wow, it looks like scam too. No no no, business model with simple arithmetic are for std 6 scammers. No one will reveal what is their strategy but will say only those that are obvious. Don't be naive it is only the 25% mark up that Genneva does over spot...everybody knows that. Even gold smith shop does the same except of 25% maybe lower. Anyone can see this. Geneva business model is more than that. You ask an actuary about this.........do a computer simulation then you can know whether workable or not. It is not a night's work on our pc and bingo, it won't last, it won't last, it is ponzi, it is scam and wait, no, it is a bird, oh no it is dog bird and so on, crying wolf wolf and bigger wolf. It's unbelievable how people blog!       

Correction: Genneva investors get 100% p.a. returns not 25% p.a. Investors hand over 100 to Geneva, gets back 75 on the spot in gold. I.E. they effectively deposited only 25 with Genneva, having got 75 in change immediately. The 25 generate income of 24 per year. 100% returns.