Sounds like a cult to me...

I don't hate her, but she's helping to perpetuate a scam and doing so in a rather self-righteous fashion at that. Personally, I think she's smart enough to have seen through it, yet she is purposely turning a blind eye and continues to push it as a valid investment.

Shereen and Andrew Ng are active all of a sudden. I can't be bothered to put up Andrew's long-winded nonsense but Shereen & co continue to amuse:



Looks like there might be some cracks in their unity, but look who stepped up.

You are my Mulan.

Bwahaha what a line!

For me, his argument on markup makes no sense simply because every single thing he lists for comparison are not investments. Gold, on the other hand, is. Who the hell buys investments at a marked up price? Will you buy land at a markup? Will you buy shares at a price above market value? Of course not. That will be making a loss right from the very start.

Of course, there's all this nonsense about hibah and Genneva buying back your gold for the price that they sold it to you. Really? If that's an absolute guarantee, than it is one helluva good deal.

However, aren't they claiming now that the hibah is discretionary, and the buy-back is not guaranteed? What gives? This means the investment is not secure anymore and is actually a very risky proposition.

Wait, they say Genneva never fails to pay the hibah and will buy back at full price (Pat Lu promised as much on this forum). Hang on, this means its not discretionary anymore. Aren't there some laws being broken here?

Spin spin spin until you get confused.

Cannot say like that. Times are hard. Everyone wishes they have some extra income to help with expenses. Older folks are either not as highly educated or not savvy enough to see through ponzi schemes. These is why conmen like to target them.

I don't pity the ones who are younger, educated, and especially those that are involved in accounts, banking or finance.

They just want people to show up in front of PM's office at Putrajaya at 10.30am. I am tempted to swing by to take a look except well...petrol is not cheap and its a long drive. Plus I'd rather stay home and play video games than to go watch a bunch of idiots bake in the hot sun.

Interesting. Even Al Jazurra Khan does not know who the admin is. However, Pat Lu is a very prominent consultant who has not posted anything at all on the page aside from hitting the like button on the odd occasion. There is a very strong reason to suspect that it is her. For starters, she obviously enjoys organizing things (even if the upcoming occupy movement is supposed to be leaderless). Secondly, the admin's english is rather...fanciful. Its the same sort of writing style as Pat Lu.

Govt has no right to do that. It is the taxpayer's money after all. If they dare to offer such a package, I guarantee you there will be a genuine Occupy Putrajaya movement. Banner will read "99% of honest Malaysians don't want public money used to bail out a bunch of greedy idiots."

Shereen has a big pile of gold. Confiscate and sell. Use to pay off the poor pensioners who got caught up in this.

I think most of them are still holding on to their gold. After all, it would be quite hypocritical considering how they've been going on and on about how fiat value has no money and they expect the price of gold to skyrocket.

However, I'm willing to be that all the consultants have their physical gold. The customers? They have to play the waiting game.

Just occurred to me that these Genneva folks had planned for Oct 30 in order to join with the Bestino investors. Now they're just leaving the Bestino people to carry on alone. The Chinese term to describe such people will be "mou yee hei". No sense of loyalty and obligation at all. Pathetic is what I call it.

LOL I was just waiting for this to happen. They're going to put an offer on the tablet. Testify against the directors and we won't press charges. (although we still mean to collect). Stay quiet and we'll audit your accounts as far as we can go (which is 7 years.

Well, she's going to have a lot of explaining to do to the LHDN as to how she can afford that CEO car on a non-executive salary. Sometimes, it just doesn't pay to open your big mouth.

Huh? That explains a lot. No wonder Pat Lu so silent. She dare not directly participate in the criticism of the BN govt by GMS less she lose her candidacy.

Ah, I didn't notice the date. Wow, that is ancient history than. Way before Genneva. I think even before Samudra. So from govt supporters to anti-govt because of gold and heebah?

These Genneva folk are like political prostitutes.

Looks like there are some calls for a meeting now between those who are going to be interviewed in order to discuss what they are going to say.

I wonder if they ever heard of the Prisoner's Dilemma game...

Yup, and I know exactly how they can be traced too just in case these folks think BNM isn't up to speed or doesn't keep records. BNM's cheque clearance system has been electronic since 2008. All they need to know is bank account number and they can filter out every single cheque that Genneva has written.

They are so screwed.

We need to support and encourate Uncle Sani, else there might be no drama to watch on Tuesday. March! Occupy! For Great Justice!

Those boxes are way too light to be full of gold. At most a few bars.

Here's the fun bit - GBEAM is made up of the very same people who started up Genneva in order to legitimize their markup. On top of that, if you want to be a gold trader with Genneva, you are obligated to be a GBEAM member for which they charge a membership fee.

Those Genneva directors really know how to maximize the milking, and their customers are such obedient little sheep.

I tried being nice to them on their own page. Refrained from criticizing them. Only told them to cut out the criticism of BNM and all their conspiracy theories. The idea being that if they want to elicit public sympathy, it does not help if people think of them as crackpots (and I refrained from saying this directly too, just to be polite). They told me to bugger off. Since they don't appreciate my help, I'm going to criticize them instead until someone is sensible enough to break out of their shell and seek outside help.