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.

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. 

have they filed their annual report with ssm? since here got senior adviser, can we get some opinion/ view the report.
coz filing the accounts won't have so much backlog, they not listed and neither are they doing billion dollar mnc biz 

that clearly indicates something, no? 

Dear Pat Lu
Since you are a senior Consultant in Genneva Malaysia have you heard of them saying that your Company is going to be LISTED IN THE STOCK MARKET ? AND WHERE ?
THESE QUESTIONS ARE VERY IMPORTANT TO DETERMINE HOW STRONG IS THE OAK TREE.

Why I am not surprised? The first warning sign of any pyramid scheme is the cash flow problem as it is about to collapse under it's own weight as the scheme gets too big or less people joins. These small tell tale problems will slowly emerge, like late payment, delayed payment, etc, combined with multitude of excuses/reasons etc. Very commonly seen in all sorts of scams.

Better get out while you can! 

Boss, it seems to me you are still carrying a tidy bit of hope that if Genneva overseas operation are doing well, then maybe the Singapore operation can still carry on and you will get the discount/interest/hibah so you can re-coup your losses

Did it occur to you that if their oversea operation is doing well, that means those new "investors" in Malaysia, China, Philippines are actually paying you with their fresh funds ? In effect, you are hoping to pass the bug to them ?

So sorry to hear that, that is hell lot of hard earned money into it. In my opinion, dont sell your gold back to them already. They might just collapse so soon that you wouldnt even get back your money 

I actually knew a geneva agent and I told her about genneva in SG not paying agents, and she say thats SG, but MY is doing very well and stable and their business is so good, and wants me to go to their GRAND event LOL.

Then why Genneva Singapore collapse?

Anon Me,

Hey you are a bit out-dated. The oil contract story was about 2-3 months ago. Now Datuk was talking about diamond mining in South Africa. They have discovered the world's biggest diamond mine in Zimbabwe just last week 

After the diamond mine, they are going to the central of Congo for Uranium mining....

I am bringing my cheque books to their office on Tuesday....can't wait   

Really? Diamond and Uranium? Wow, that will be great. I will check with my boss whether it is true.

Yes, you should invest more with Genneva. We believe in generating wealth to benefit the layman.

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Added on September 17, 2012, 12:57 am

Not true abt the listing in HK.

HK is going downhill.

China is the rising superpower.

We will list in Shanghai.

for those who thinking why our Rosmah @ Fat Momma attended the so called Genneva Appreciation Night dinner:

here the comments from one of the blog regarding this scam:

Dear Chuah,

No need to shed crocodile tears for Poh Kong, Tomei, Habib as they are still having their business in gold bullion due to customers’ trust in them and their business model will not fail them or the customers. Their price is fixed by their Association FGJAM and not by goldco posing under GoldBEAM which force all their consultants to be menbers.
Just answer a couple of questions, if you are sincere in the gold market:
1. Are the goldcos which does buyback making or losing money in December 2011 and January 2012?
2. Where does the money for the hibah, consultant commission and operating expenses come from?
Assume goldco buys gold at today X ringgit and sells it for 1.25X ringgit to a customer with a 3 months’ tenure. , it makes 0.25X ringgit
Assuming it gives hibah of 2.0% and commission of 0.8% and has 0.5% operating expenses, making a total of 3.3% per month or a total of 9.9% for the 3 months tenure.
To make 9.9% in 3 months using the 25% mark up, the goldco has to find a business which can generate 9.9 x 4 = 39.6% in 3 months or 13.2% per month since they have to buyback at the end of the tenure.
If they do not buy back, do you think any customer will go back to them by overpaying 25% but only earn 9% hibah (Assuming 3% hibah per month.
Otherwise, the money will have to come from any increase in the price of gold held by the customers. What happens if the price stagnates or goes down?
The goldco Chairman is a cousin of the PM. But the PM cannot be seen to be supporting a goldco which has a shakey business model. So just make use of the “First Lady” and if the goldco collapse, the PM/Finance Minister doesn’t know about it and the “First Lady” has no official designation and she had just obliged when asked by the goldco to officiate. Remember, at the February launch of the Dragon promotion, the Deputy Finance Minister found a junior to take his place and the Agong declined to launch the Shariah Compliant platform of the goldco?
This comment meant to Chuah who is one of the Genneva so called consultant. I was at the dinner too on invitation by a friend of mine. Guess what, his whole family and relatives are in this scam and the uncle was tried to lured / recruited me into this. He forgot one thing. There is the word called internet and google.

nothing much special except for a grand gala and nice dinner @ RM288 per ticket which had to bare by the consultants itself. the funny thing is, the top achiever so called platinum award goes to a lady whose husband one of the main people in Genneva. So irony!

Bravo to this Genneva so successfully manipulated this dinner to make it so grand... only pity to those investors where their hard earn money meant for children education, retirement just gone like that. Time will tell time will tell.

For those so called consultants, if you have a clear conscience, please stop promoting this scam. Yes, we all love money. Infact I do, but I don't wish my house door keep knocked by a poor family wailing and crying beg for the money back as it meant for their children, retirement and in chinese we said coffin fund.

Yes, im in financial industry and i do have my networking, if not why I being invited to the gala dinner event so the uncle can brain wash and recruit me. Frankly speaking the commission is lucrative but I really don't wish my clients cursed me, my friend, relatives crying and begging at me. It just not worth it.

Yes, you can call me a loser, an old thinker, envy and red eye because of Genneva's success , consultants earning millions and I just jealous. Call me whatever you wish too.  Again, I'll said this is a SCAM. One hell of a BIG SCAM. why? Need to say more? google it with words of Genneva, Genneve Gold or Genneva Malaysia. There more and more bad news and bad comments rather than good of it.

I guess more losers out there just like me. Yes, Infact I'll continue to be a loser I'll keep telling this scams to my family, my relatives, my friends, my clients and public in general.

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Added on March 22, 2012, 9:52 pmA former consultant wrote this and again it meant for Chuah, Genneva Consultant.

Here you go:

My name is OLD UNCLE. I used to be an active con-sultant for Genneva ( formally known as Samudra) in the early 2009.
Thankfully, I managed to totally pull-out/withdrawn all contracts since last year .

I assumed you are new and therefore do not fully understand what is really going on with the company.
They kept changing company policies as and when they like, to suit their own interest every few days.

At first, every Consultants were forced to pay portion out of their commission regularly each month- so called monthly meeting expenses!!!.
Later on, we, consultants were made compulsory/forced to pay Rm 500 each to joint as Gold Beam membership.
From there on-wards, to renew membership with Rm 250 every year.
Why is there a need to joint as member of Gold Beam when all of us consultants are under the umbrella of Genneva ??

Without our consent, Genneva can just subtract from our commission to “donate” to functions like big walk, F1, etc to boost it’s name/image.
If company is doing well, why does the company needs to boost its image at the expense of its consultants??

When company’s cash-flow was low, its started forcing everyone of us to pay Rm 250 to Rm300 each to attend non-sense hibah training.
After that, we had to pay extra Rm 40 per contract for stamping.

Later on, company came up with deducting Rm5 per cheque deposited into clients’ bank account.
Is there any other company around who charge a fee for banking-in employees’ salary/commission into bank a/c??

To me, all the above collections are like day light robbery.

Have you ever heard of anyone having to pay to attend for their own company’s Annual Dinner ??? Genneva must be the first and only one.
On top of paying for dinner ticket, we even had to pay bus transportation fare to the event venue. Imagine that.

During the Annual dinner, lucky draws were not lucky at all because Genneva never fulfill its obligations until today.
When asked where are the won prices, they said had to cancel because violate government guide lines.
Free trips to China also no news until today!!!

Of course you may say these are small matters as long as you get your monthly commission and physical gold bars in hand.
Yes, I do agree will you. Even if company wind-up or no longer pays out hibab, its “OK” as long as gold bars are with the clients.

But this is not the case. I had emphasized this 2 years back, for those who follow this forum would still remember.
My only concern is the “Waiting Time”.

Scenario 1) Waiting to get hold of your physical gold after you have made payment AND
Scenario 2) Waiting to collect payment cheque when you had delivered your gold in advance to the company during “sell back”.

2 years back then, the “waiting time” was about 2 weeks maximum but now, it seems stretching beyond months!!!.

My dear Mr. Chuah, have you ever thought of the consequences if you are caught in the above scenarios when suddenly :-
1) Genneva follows Gold Label footstep, to announced in newspaper it no longer sustain business & decided to wind-up or
2) Bank Negara decided to conduct a raid at Genneva & found no cash nor gold available at the premises.

The key point here is “Waiting Time”. The months of “waiting time” is total nightmare.
You will have to be hold responsible to your relatives & friends whom you had convinced that the scheme is “safe”.

Please please and please do not compare Genneva with Poh Kong or any other gold smith shop.
With Poh Kong, you pay and ON THE SPOT you get you gold.
Likewise when you sell to Poh Kong, you get you cash ON THE SPOT.

Please please do not mislead others that you have physical gold in hand.
In actual fact, during the duration of 3 months contract, you only get to hold on gold bar a few days at the most.
By the time you got your gold, its already time to pass back to company for renewal inspection!!!! Yet wait another round….

Please, no more mentioning of holding gold bar in your hand & wait for it to appreciate then sell.
The main issue of discussion is, the time for Genneva to deliver gold or cheque cleared before anything bad happened.

For those who are still waiting to get the gold or sell-back payment cheque, sweet dreams.
By the way, ever wonder why sell-back payment cheques NOT auto-deposited into bank like monthly commission!?!?!.

Dear uncles and aunties, the end is near…You may start crying…………………..