This is not true, we will protect our investors interest

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

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.

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

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

may be they should come out with blacklisting the bod members, those who involved in scams, ponzi, pyramid, should not be allowed to open any new business until they settle all the shits before.

TS, I have my own doubts about these investment schemes, but I don't get how your post 'proves' anything? BNM just explaining why they raided. Still under investigation.

owh. so, BNM already know Genneva is a ponzi, then the subsequent raid and investigation is to find more proof lah...

I only started reading a little bit about this news, but I was wondering, if people are asking BNM to faster finish their investigation, and then if the investigation finds nothing, then what next? still guilty right?

nobody really cares, really.
gold and money belongs to genneva and not the people.

those people/investors only lost the promised future interest payment
they still have their gold bought at a slight premium.

So you telling me those people pay without having the gold?
they have only themselves to blame.

you go pasar, buy vege 1 kati,
they say come collect tomorrow,
you ok?

actually I can, what's your point?

this genneva case is similar to iphone 5 con case.
you pay first, collect later.

I ask again, what's your point?
you are asking weird metaphorical questions without any statement.

when buying a new car,
one does not even have to pay full amount before driving away the car.

one actually drives it away before the finance/bank pay the car dealer.
if buy cash, you only pay full amount when the car is ready to be driven away

Your posts to me are all consist of questions,
not even one is a proper statement.

you stupid or trolling.
buy car and buy gold same ah?
"coolpeople" already stated the contract law involved.

kanasai,
dunno why i entertain you so long,
i oso stupid.

/end entertain mode

not same but similar metaphoricaly.

there is no lengthy written contract processes and third party involved.
car (jpj/finance) property (land office/finance)

brain?

now you are getting personal.
so typical, you go sleep and see doctor tomorrow k.

I already said I was right why you people still arguing.

The signs are given, whether one sees them is another matter.

Imagine that I sell you 8 keping SGD$1 notes for RM25 (SGD$10). I promise to give you SGD$0.20 every month until you want your money back in full.

So in actual fact, I only borrowed SGD$2 from you and willing to pay you SGD$0.20 every month (that's a 10% monthly return, or 120% annualized).

The currency fluctuations will give you a similar idea to the fluctuations in the price of gold. Even if the price of gold double each year, it's still a rugi business... (sorry, 2.22am, maths may be wrong)