If he works for KPMG or McKenzie as part of the consultant team, he is not the one formulating the strategy. Rather he helps put together a strategy in powerpoint on behalf of the company.
I do not believe that a strategist and experience business consultant cannot see the glaring fault in the Genneva biz model. You only need Accounting 101.
I have worked for 2 MNCs (one in the top fortune top 50) and formulated strategies for them with actual P&L responsibility. Been in the business for 22 years. I do not dare to claim I know everything.
This kind of business model cannot go through phase 1 ie. feasibility study.
The "new age" generation these days seems to embark on the policy of "spend now pay later" and they think that this will also work in business.
It's sad because these CONsultants have caused many aunties and uncles to lose their life savings. These people who trusted these people who claim that they know everything. Its better they start thinking of how to help compensate these poor people rather than blaming Bank Negara instead of themselves.
It's sad .... that's all I can say.
This CONsultants may have sweet talk the buyers but the buyers should have done their due diligence.