isnt it easier for them to just run? lol conspiracy theorist

they run means they will labeled as scammer

in this case they can say BNM is in the wrong and in the future they can scam again

this kind of scheme got new one every year, every year also go scheme that collapse when boss run away with money or busted by BNM, but still got people to join the new scheme that come up after it.

Enjoying and partying with those big shots la....
U know..... Money can settle everything
Malaysia boleh!

Does BNM know how these people get the "Shariah compliance" ?
This only make shariah compliance looks really bad

Last time also have business like this. But selling vase. Same method buy the vase, get monthly income and when the time is up, the company buy the vase back or you sell it on your own

they dont run they get charged in court for a whole host of crimes. theyre probably already out of the country already

im sure their shariah compliance is as legit as their business model

actually most Ponzi scheme boss in Malaysia walk free,.... steven corner still got his own shop after Island Cafe scam...

u put syariah in front, for sure laku.

U know how long already this genneva has been operating?
And how many complains have been lodged against them???
The gov, police and BNM, not only went silent mode, but did nothing against them for so long

And genneva was growing bigger and bigger each day
No thanks to mamaktir and rosmah help

maybe I am new to this but correct me if I am wrong, the first case of Genneva (under the name of GSB, this time its GMSB) is still being on trial since 2009... they can still comes up with the current Genneva even when the first one is still under investigation

Cool isn't it, when you are in the suspected list but still can open a new company and con people with it.

and i suppose the investigation period was only like 48 hours, eh, before they conclude it? im sure you also believe that the authorities just decides to raid businesses randomly without extensive investigations or warrants

besides, they WERE complaints. do you really think that the authorities would just raid a business without a complaint? "yeah, today's a slow day... maybe we should raid this florist just to see if she's laundering money". why stop there "lets arrest this random passerby then see if he's guilty of something while he's in lockup"

really?

hey,... even the customer protest this raid.... imagine how many complain actually got ???....don't blame the regulator, blame the gullible investor...

they are not proven guilty in court, they are still consider innocent.

but BNM always have genneva under their warning list, people still want to believe in the same group of people and invest, what can they do?

but... but normally in malaysia you're guilty until proven innocent!

malaysia is a scammer's heaven,.... how many scratch and win scam's boss go to jail ??

not sure if they're the exact same people, but genneva (the new one) has already been on the fraud list for a while as bnm was doing their investigation. cant tell people to stop their business until you have enough evidence to raid and charge them, right? the best bnm can do is to list out the companies that are suspect

if people are still insistent on doing business that is ALREADY BEING INVESTIGATED then its really the investor's fault for taking that risk

if they conclude that it is a business based on ponzi, can't they ban the business and gantung their license for operating?

thats new law,... 114a is different...

well Malaysian don't research on BNM warning list before investing.
what more to say.
when shit happen they blame BNM not themselves.

they can always close shop,... change name,... and start a new 1,... u blow him no expand..