in simpleton , i heard my grandma said, everyone pool up money, then they "bid" the money. the one that bid to pay most interest will get to take the money for emergency use for a period of time.

i think.. so.. lol...

main kutu is having a pool of kutu member each put in a fix amount of money ie everyone 1k, say have 30member=30k, then the 30k will be rotate to each member periodically, say this month ah kaw got the 30k, next month ah miao got the 30k, but they need to pay back with extra interest, and the interest will be distribute
if a member that need the money when its not his turn he will offer a higher interest to be pay, so the higher bidder will get the 30k

roughly tat is the kutu way

If all condition is against Genneva, then Genneva will not survive.

This is where ponzi scheme comes in. Probably ponzi scheme already part of the plan B in case all condition (gold price stagnant or customer not selling back to Genneva if gold price increase etc) is against Genneva.

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Added on November 2, 2012, 9:29 amSound like Kongsi money

Or sound like Insurance plan.

This post has been edited by gogo2: Nov 2 2012, 09:29 AM

Yes, you are right. But very risky because always can see newspaper reports the head took all money and "Zou Lou"...

Aaaaaaaaaaahhhhhhhhh i know this!

My mum used to tell me about this happening in her ofis.......

DO IT! Don't just post about it, you gutless coward.

i don't know chinese malaysian still got or not but still popular in china..
i asked my china colleague, she said in english ppl call it "aid association"
they usually organized by "dialect group", like Canton Aid Association, Hokkien Aid Association etc..

play kutu/kootu is against our local law.
http://www.agc.gov.my/Akta/

i played before with my kampung neighbours.

This topic still so hot ah....

Just went back to my hometown last week, and heard my dad discussing with his friend about Genneva. Some of their friends had invest in GM but dint not get the hibah money. Until one of their friend house kena auction by the bank due to refinancing of their house just to buy GM gold.

Viola.....

me and my group of friends. once we gila gila try using real money to play monopoly, reduce 2 digits of the stared price. lol.. didn't work. caught many of them control the dice number when drawing the dice... but its sure fun la.. buy land buy train station...


wow. am sure he is not the only one out of 60k?
all these ppl no make noise.. instead everyone praise and worship genneva still in the internet zone esp fb. hospital bills being paid rightfully when got heebah, CEO car, riding horse..

How long didn't receive hibah? Why not sell the gold? I don't understand. Its only 1 month. How come Bank act so fast. Geng!!!

This post has been edited by gogo2: Nov 2 2012, 10:18 AM

in case of lampaberger,

they claim that their ceramic wick holder is one of the special invention.
After light up for a while ingesting "aroma theraupectic oil", the "special ceramic holder" will "discharge" vapour safely to surrounding room thus creating a positif effect to sleep dweller.



This post has been edited by MakNok: Nov 2 2012, 10:34 AM

wonder if any lampaberger milkers got into genneva.. sounds like the same motivational spin and tactics..

Public Gold is off the "blacklist".
Now they in operation!!!


Heeeebahhhh!!

I wonder why is it that I never ever hear of any dodgy MLM or ponzi scheme until it blows up in a very public way. I've never even heard of Lampaberger until it was brought up here.

Than again, I'm pretty selective about my friends and who I mix with. Anyone who would dabble in this kind of nonsense, I would have cut ties with them ages ago. Heck, I even warn my friends to never forward any chain letter/jokes/stories to my personal e-mail or I will punch them in the face when I next see them. If the e-mail is not personally written by them, I'm not interested in reading it.

Suffice to say, I have minimal exposure to scams and spam even.

jesus this /t V3 already and still some moron still claim Genneva is GodLike...

Since when public gold have Hee Bah????

Public gold no hee baaa la..

Just buy and keep..

Don't have hibah. I got deal with Public Gold agent. Bought gold from him. Public Gold agent involved in buying and selling gold to survive. They get commission also la. Public Gold customer pulak buy gold and wait for it to rise. Cannot goyang kaki like Genneva customer that receive hibah every month.

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Added on November 2, 2012, 11:01 amHehe, I also never got introduced to Genneva. Never met a Genneva consultant.



This post has been edited by gogo2: Nov 2 2012, 11:01 AM

Malaysia indeed a breeding ground for dodgy MLM or terrific Ponzi scheme

Ever heard of
(1) The Cafe Scams - Island Red Cafe & Stevens Corner
(2) Sunshine Empire

....etc

refer to the link http://www.iworld.com.my/advisory-top-17-s...malaysia-today/