Exactly, not even harsh military dictatorships like Burma or China. BTW what happened to Genneva's business in China? If the Chinese Government finds that a goldco is running a massive ponzi scheme and cheating their people, they will line up the directors against a wall and shoot them by a firing squad.

Who is May Lee? This Shrek's reply to Sharon makes me sick to the core.

It's just a rumour. BNM has mentioned in its FAQ that all seized assets can only be released at the discretion of the courts, not by Najib.

This post has been edited by Akonn: Nov 6 2012, 12:58 AM

I agree but agents who have abetted the scam will go to prison especially the top senior ones. And no prizes for guessing who's on BNM's most wanted list?

This post has been edited by Akonn: Nov 6 2012, 10:35 AM

High possibility. Bank Negara must look at this angle in their investigation or else they will be the scapegoat forever.

All the argument about the use of the word 'approximate' and doubts about the amount of gold seized and what was declared by BNM, etc, It is a requirement under BAFIA that all properties seized under BAFIA or AMLA should be accurately recorded AND CHECKED AND COUNTERSIGNED BY THE PARTIES OR OWNERS OF THE SEIZED ITEMS. Meaning the management of Genneva have counter checked the gold seized that day and can verify and make a press statement to that effect if they want to instead of maintaining their elegant silence. Heres an excerpt by Dee Casey on GMS posting which is actually quite accurate.

"However, according to the rules and procedures of seizures conducted by any authority, especially in this case involving the police, there must be a statement for a list of items seized from the premises of a raid and that statement/list should be signed by an appropriately ranked raiding officer and counter-signed by the occupier of the premises that got raided who must be also physically present when the items were taken away from the scene. There certainly will be documentary evidence as to how much gold was removed from Genneva's premises and this cannot be disputed by BNM nor Genneva. Further more, bigger gold bars of 1kg will have serial numbers clearly marked on them and these are traceable and identifiable. Similarly, monies in the bank account is traceable and BNM should have no problem identifying who paid what. So folks, these are facts that can be easily established by the courts since they have vast powers to compel any party to submit relevant documents for inspection and verification by all parties in the court action.

(So folks, this is not a raid on a durian seller by DBKL Direktorat where after the raid these DBKL flers have a nice durian party. Every item seized is accounted for and there is documentary evidence, counter checked and signed by the owner itself.)

Yes he's been at it the whole day. Can we just move on??

This post has been edited by Akonn: Nov 6 2012, 07:39 PM

Obama is leading by a slim margin but the Republicans are resorting to dirty tricks to prevent Blacks, Seniors,students, poor from voting . It's worse than 3rd World countries elections because America claims to be the best democratic country in the world!

Thats why all the huge multinational corporations run offshore to Mexico, China and SEA to set up factories where they can fully exploit cheap labour and enjoy tax free holidays. Imagine Apples iPads and iPhones are all manufactured in China causing suicides among the workers due to severe and abusive working conditions.

OBAMA WINS!!! YAHOO!!!



This post has been edited by Akonn: Nov 7 2012, 08:47 PM

With VIPs like Christine Lagarde around, these people wont hope to even get close to the building before being whisked off by the FRUs and special branch. Anyway below is a response from Dee Casey, one of GMS more rational members.

Dee Casey: Dear Yvonne Chong. your suggestion will work wonders under ordinary circumstances say if you are fighting for a cause such as Bersih. But under the circumstance as you have mentioned, to protest in front of BNM when an international forum is in progress may not be a good idea as it may result in a backlash against us instead. The reason I say this is because Genneva Malaysia and Genneva Supporters are all legitimate people engaging/pursuing legitimate business. We want to continue to portray this image even if there is a court action instituted later. The last thing we want to be seen or labelled in international news as peopled involved in "an illegal scam" threatening the government like little children whose hand was caught in the candy jar. Please understand that there is a right time to do the right thing. I understand we are all desperate but not desperate enough to jump into something and make things worse than it is now. God bless and stay strong.

After two major failures, first the 'March to Putrajaya' misadventure and second ' the 'Occupy Putrajaya' led by Lulu Headless Chicken, I think she chicken out this time. Funny thing is that she ask people to hold their horses and in her latest email she said that going to the streets is the last resort. Hypocrisy or sort-sort one???

This post has been edited by Akonn: Nov 8 2012, 10:24 AM

When the real karma strikes, its NOT only the galaxy s3 that she's going to lose.

She complains that CONsultants didn't get commissions for two months, son's college fees due, but she got a pile of cash in Bermudas, can lunch in Japanese restaurant and thinking of getting Samsung Note 2. Sheesh!

As usual trying to pacify an angry mob and buying for time.

This post has been edited by Akonn: Nov 13 2012, 03:18 AM

An update on last night's consultant meeting from a posting on GMS:

Arokiasamy Andrew: i will like to share to consultant meeting, the so call guy who was sharing the meeting with all the consultant like pasar malam, we have to sack him......giving us options that to sell the gold, where to sell the gold, all bullshit, please you can be a senior consultant, but respect us........today meeting is all nonsense.

(Talks about reselling of gold indicating that even senior consultants have resigned to the fact that GM will NEVER resume operations again. Are they slowly beginning to see the light??)

This post has been edited by Akonn: Nov 13 2012, 04:49 AM

Terry, this is the agenda:

Date: Monday 12 November 2012
First Session: 6pm - 7pm; Second Session: 7pm - 8pm
Venue: GBEAM office, Hall of Fame, 1st floor.

The meeting will cover the following topics:
1. Update on the activities done by the committee.
2. Update on the Legal Briefings held by various lawyers.
3. Options available for Customers and Consultants.

The sell-back could be under agenda 3.

amalthea: No, I'm not AA. I'm the one who's 'KONVICTED'.

---

Added on November 13, 2012, 12:05 pmI notice GBeam has a HALL OF FAME. When are we starting Genneva's HALL OF SHAME and post all the infamous CON artiste starting with Pat Lulu?

This post has been edited by Akonn: Nov 13 2012, 12:09 PM

Most likely they may have plans to give birth to a new company and all these hardcore CONs have some share/interest in it on condition they pull in all existing customers and new victims oops...investors......oops purchasers.

Debbie, I've posted AA's comments earlier on 47 (top of page). Rayma aka Lulu must have deleted it on GMS.

This post has been edited by Akonn: Nov 13 2012, 03:06 PM

By now I'm sure many of the senior consultants MUST have realized that the directors/management have utterly betrayed them with lies and false promises and all the bull shit 'good news' week after week just to buy time. If anyone still believes in J. Cow then they must really be that namesake. From the postings, it is obvious that they expect the directors to be charged. The issue is the right timing to make the police report - should it be now or after the directors are charged? If the directors are willing to plea bargain then it might take a shorter time for them to recover the gold. If the directors and management still insists that they are legitimate and innocent, the case may drag to more than 5 years. Whichever way, a police report is essential for those whose assets were frozen to MAKE THIRD PARTY CLAIMS after the court proceedings are over. So to me it does not matter when the police report is made, the earlier the better. However all the necessary original documents must be in the possession of the investor.

This post has been edited by Akonn: Nov 13 2012, 05:29 PM