It should be END of the road for Genneva. They HEDGE from people's pocket and LEVERAGE your Losses to their Profit. As they alway say HEDGE / LEVERAGE is their Bizz Platform.

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Added on September 13, 2012, 4:27 pmMy dad is a New customer, victim of Genneva 3 % empty promises when he bought a 1kg gold from our neighbourhood agent on 23 July 2012 @ 95,000 with option to sell back on Jan 2013. The agent promised to pay 3 % on 23 August 2012, but the money never came. She then promised to give 3% on 15 Sept 2012 ( which was due 23 Aug) but today, she calls me to explain she can't pay the 3% because Genneva is closing down. Genneva boss did not intend to to put more money to save the company and started a new company call Genneva World and want customer to convert to70/30 program. I ask her, why did she sell my dad the gold on July when she knew company did not have sell back option? She said she was not aware of company into financial problem. She then promised me that she takes good care of her client and will ensure her client get he 3 %. Today, my mom and me went down to Genneva Gold office in orchard tower to seek confirmation that Genneva is not paying my dad, a new client any discount because they are closing down. The receptionist Ada said, she will put everything on record and her senior management, Sandy will contact me. I told her that these old folks hard earn money is meant for funeral use, and they didn't even buy funeral space in temple or Fu Gui Shan Zhuang, and very unethical of the agent to sell to old folks knowing company is on the verge of closing. Also, the receptionist said they are still paying out, until 6 aug, and to wait for our time. I told her, how to trust the agent to give the money to my dad when their agent words can shock old people into a heart attack or coma ? I will update all of u to see how management is resolving this issue ? When my mom was narrating the incident in an emotional manner, at the doorstep to other clients, another male Genneva agent came out Of the security room, wants my mom to stop, I raised my voice at him and ask him why can't my mom express her distress. Then the male Genneva agent went inside sheepishly. I think company who intentionally con folks money will have to pay back multiple times. We plan to make a police report and my parents plan to station at Genneva everyday to warn people if Genneva management is not paying my dad the 3%until the option expires. I will update all of U and please, no more selling or conning new customers.

THE ABOVE POST BY A FORUM MEMBER
GENNEVA IS FALLING VERY FAST. BEWARE OF GENNEVA WORLD

Normally Before a bed ridden person die. A day before He/She will become very Active.
So there is a GRAND event coming up at Genneva MY ?

Need to bring back the good old memories.

Thanks Transform. Is it possible that Old Uncle's account is fabricated?

Is there a date of the original post?

If it is for Chuah, then there must be at least an email id or date, can you verify?

Is it possible that Old Uncle is a consultant who was terminated by Genneva because he was found to have cheated his customers, and he was trying to revenge against Genneva?

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Added on September 17, 2012, 6:23 pm

If one day Genneva goes down....? Can you give me a date for that? Lots of ifs, but when?

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Added on September 17, 2012, 6:29 pmBelieve in you ? As in believing in you as a joker who entertain us ?

Bank Negara DID mention Genneva's name in their Financial Consumer Alert List http://www.bnm.gov.my/documents/2012/Finan...lert_listEN.pdf . Look who is at #22 on the list

No I am not a talent. Just an investor who is not greedy. An investor who doesn't want to be a "sohai" who believe in some empty MLM style salesman talk

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Alert list. Yes, may I know what is the purpose of an alert list?

Because “Bank Negara Malaysia (BNM) would like to alert the members of the public a list of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BNM.”

Genneva trades gold. We do not fall into the relevant laws and regualtions administered by BNM. That's all.

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Added on September 17, 2012, 6:30 pm

It is not true people have to wait for a couple of months to get their gold after payment. Do you have any proof?

I am actually surprised https://forum.lowyat.net/user/GoldScamBusters is linked to https://forum.lowyat.net/user/Anonymous%20me
What gives?!

Pro genneve camp ppl seems to be non so polite I would say..