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 GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND

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smartinvestor01
post Aug 4 2012, 08:08 PM

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Bank Negara List of Unauthorized Investment

Check and found Genneva is inside the list...
smartinvestor01
post Aug 5 2012, 07:02 AM

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Bravo...

Seems like the investment scheme which appeared as scam in bank negara malaysia was something supported by the ministry.. Lol...
smartinvestor01
post Aug 5 2012, 12:11 PM

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QUOTE(wjmatcool @ Aug 5 2012, 09:50 AM)
I don't understand you people lah.

Your minds are all blocked and cannot take in information.

This company is NOT an investment company.
Your are not investing your money in the company.
That is why it is listed in BN list of non-approved investment company. In the first place how can a company which is NOT an investment company be approved as a investment company by BN??

This company is just a GOLD TRADING company. It buys and sells gold. Therefore it has got nothing to do with BN.
There are lots of IDIOTS out there who keep on spreading info that this is an investment.

You just go to the shop and buy PHYSICAL gold and keep it any where you want...maybe under your pillow because it is your property.
That's all.

It is not like investing in online gold where you can only see your account number and if the company close shop you are left with nothing.
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Well, i dont believe in buying gold from this company..

The gold is more expensive than the gold from other goldsmith..


smartinvestor01
post Oct 6 2012, 04:49 PM

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Well, at this situation right now, has anyone tried to examine the gold at the goldsmith?

I believe it is quite hard for the company to survive on this situation has the company had violated the Bank and Financial Institution Act (BAFIA) Act...


smartinvestor01
post Oct 7 2012, 10:59 AM

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I believe seldom complaints arise for the genneva investors is because they have not sell their gold bar to the genneva company yet..

According to certain newspaper reports, a lot of complaints arise from the investors who handed over their gold, and not received their money back..

Therefore, as long as they dont sell the gold, the issues will not be discovered..

Just me opinion, what do you guys think..

No offense to those genneva supporters out there, i am just wondering..
smartinvestor01
post Oct 7 2012, 10:19 PM

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QUOTE(mydrm12345 @ Oct 7 2012, 11:03 AM)
My cousin joined Genneva and ask my mother join, it means they can buy can't sell forever back to Genneva?  cry.gif
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You can always sell to the other goldsmith after what that have happen to genneva, but the losses are in terms of the price accepted by the other goldsmiths...
smartinvestor01
post Oct 9 2012, 07:38 PM

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Those Genneva fans does not have a choice but to support Genneva as a legal company..

I heard that many of these 'fans or investors', use the interest that they earned to commit on something monthly, so now, when things happened like this, they lost their ability to pay for those commitments..

Now, they can only pray that Genneva will not have problem or else they will not be able to pay for their monthly commitments which were paid using their monthly interest before..

Just my opinion... but i heard from my friends too..
smartinvestor01
post Oct 9 2012, 11:45 PM

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QUOTE(KamikazePg @ Oct 9 2012, 11:21 PM)
CON-sultants BEWARE!

If the investor lodge a police report, the consultant will be implicated to the case thus:

Consultants could be charge the following under Malaysia Penal Code:
Section 120A: Criminal Conspiracy
Section 267: Making or selling false weights or measure
Section 415: Cheating
These charges carry 5-7 years imprisonment and fine

Under the Contract Law of Malaysia, Consultant can be sue for:
Section 16: Undue Influence
Section 17: Fraud
Section 18: Void Agreement
These cases where consultants can be made personally liable for the lost of money due to the scam of Genneva as they are also one of them with financial gain by selling you the scheme.


Added on October 9, 2012, 11:28 pmA good one.....from Alfred Lim

Did you all know that the names of 4 individual being charge for Genneva Sdn BHd in the 2009 case is Ng Poh Weng, 61, Marcus Yee Yuen Seng, 59, Chin Wai Leong, 35, and Liew Chee Wah, 57. They are also the same director of Genneva Malaysia Sdn Bhd which deal with gold trading and was raided by BMN. They claim all their gold is certified by G-Beam. G-Bean stands for Gold Bullion Enterpreneurs of Malaysia and it's suppose to be registered society in Malaysia.

Did you know that Marcus Yee Yuen Seng is the Vice-Chairman of G-Beam, Chin Wai Leong is also the Vice-Chairman of G-Beam and Ng Poh Weng is the chairman of G-Bean. Meaning the G-Bean was form to certified their own dealing of their own companies Genneva. This is a toal conflict of interest. There is absolutely no 3rd neutral party that was made to scrutinies their dealing, their accounts and their transaction of billions of ringgit.
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Well said...


Added on October 9, 2012, 11:47 pmIn this situation, i think it is worth to say...

"Prevention is better than cure...."

Right now the curing 'kills' the emotion of the victims especially when the investigation takes a lot of time..



This post has been edited by smartinvestor01: Oct 9 2012, 11:47 PM

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