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 Genneva Malaysia V3, Raided on 1st Oct 2012.

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Dan01
post Nov 2 2012, 11:06 AM

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QUOTE(arubin @ Nov 2 2012, 10:54 AM)
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. flex.gif
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It is Lampeberger.. some from lyn call it lampaberger, lampaburger, lampuberger.

quite big in their days,, over 100k franchise owners,, thats what they call themselves franchise owners..

you got to be at least in your 30s to have heard it..
somehow the names lives on.. haha..


MakNok
post Nov 2 2012, 11:06 AM

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QUOTE(jmunchar @ Nov 2 2012, 10:58 AM)
Since when public gold have Hee Bah????
*
my bad
rexis
post Nov 2 2012, 11:07 AM

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QUOTE(MakNok @ Nov 2 2012, 10:33 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.

laugh.gif
*
Regardless whatever they claimed about their lamp, their tactics were:

- make you agree that your life sucks or gonna be sux
- convince you that his/her life cool to the max
- he/she willing to help you
- making you one of them and do what they do

Sound simple? Its a different story if you smoke that relaxing agent and undergo mental bombardment for 6 continuous hours. In fact, the lamp is not the main point, neither is whether the oil healed wounded soldiers during would war or france renaissance or cures nose allergy, the main point is get you to your ATM machine at the first night and sign that join member form.
zoff
post Nov 2 2012, 11:07 AM

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QUOTE(gogo2 @ Nov 2 2012, 10:14 AM)
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!!!  icon_question.gif
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Just to re-cap why Genneva is illegal deposit taking in simple terms.

Pay 100k to genneva, genneva give back change 75K (not in cash but in gold)
GM give you fixed deposit certificate for 3 months tenure (they call it non binding contract)
The indicative rate is 2 - 3 % (on 100k) per month depending on promos. They call it non binding hibah
Effectively you are placing 30k fixed deposit with Bank Genneva for returns of 6k to 9k for 3 months tenure. But they call it gold purchase at premium.


Someone earlier said all banks assets less than liabilities also. Thanks for the tip. I did not know this, I 'd better sell off all my Public Bank shares. Maybe they pakat with auditors to cook their books to deceive us. They claim their net asset as at 31.12.11 is 27 billion. maybe they are lying and have net liabilities. I shall consider selling my PBbank shares and buy physical gold. At least this I can see and feel. Only thing, takut kena rompak. Maybe spray green colour and use as paper weight.
MakNok
post Nov 2 2012, 11:07 AM

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QUOTE(Dan01 @ Nov 2 2012, 11:00 AM)
Public gold no hee baaa la..

Just buy and keep..
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my bad..then it is similar to TGG
botlife
post Nov 2 2012, 11:13 AM

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QUOTE(MakNok @ Nov 1 2012, 02:53 PM)
Public Gold is off the "blacklist".
Now they in operation!!!
Heeeebahhhh!!
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public gold is real genuine simple trading
but i dun like idea of mark up too much over spot, also there isnt any real established platform for u to assay the bar or sell back
also where u gonna store ur gem?
so i dun like playing with physical
i onli trade futures
u may say that fiat will collapse, but when fiat collap, u better hold parang and food rather than a bunch of gold dy biggrin.gif

Dan01
post Nov 2 2012, 11:18 AM

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Genneva Malaysia Supporters Thanks RPK smile.gif

16 hours ago · Like · 9..


D**** R*** WTF Pat Lu??? Thank you RPK??? He just agree that Genneva is scheme cepat kaya. He has lump Genneva together with Pak Man Telo scheme and that is not a good thing. http://www.malaysia-today.net/mtcolumns/no...a-good-strategy


rclxms.gif


Added on November 2, 2012, 11:21 am
QUOTE(Dan01 @ Nov 2 2012, 11:18 AM)
Genneva Malaysia Supporters Thanks RPK smile.gif

16 hours ago · Like · 9..
D**** R*** WTF Pat Lu??? Thank you RPK??? He just agree that Genneva is scheme cepat kaya. He has lump Genneva together with Pak Man Telo scheme and that is not a good thing. http://www.malaysia-today.net/mtcolumns/no...a-good-strategy
rclxms.gif
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Pat Lu Debbie Rowe, everything also blame me huh? RPK wasn't whacking us lah. Greed and lust are basic human instincts. Read RPK's article again and read the 100-odd comments. RPK flushed out the shallow racist devils to see Who They Really Are and at a stroke of the pen (keyboard) demonstrated how faaaar off the mark we are as One People One Nation. BRILLIANT! biggrin.gif

rclxub.gif

This post has been edited by Dan01: Nov 2 2012, 11:21 AM
arubin
post Nov 2 2012, 11:33 AM

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QUOTE(Dan01 @ Nov 2 2012, 11:18 AM)
Pat Lu Debbie Rowe, everything also blame me huh? RPK wasn't whacking us lah. Greed and lust are basic human instincts. Read RPK's article again and read the 100-odd comments. RPK flushed out the shallow racist devils to see Who They Really Are and at a stroke of the pen (keyboard) demonstrated how faaaar off the mark we are as One People One Nation. BRILLIANT! biggrin.gif

rclxub.gif
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Glossing over the fact that RPK not just called their operation ponzi, but also accused them of only thinking about themselves instead of the country when it comes to choosing a govt.

I have to salute RPK here. The target that he is slamming is still singing his praises. notworthy.gif
TruthHurts
post Nov 2 2012, 11:37 AM

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QUOTE(botlife @ Nov 2 2012, 11:13 AM)
public gold is real genuine simple trading
but i dun like idea of mark up too much over spot, also there isnt any real established platform for u to assay the bar or sell back
also where u gonna store ur gem?
so i dun like playing with physical
i onli trade futures
u may say that fiat will collapse, but when fiat collap, u better hold parang and food rather than a bunch of gold dy  biggrin.gif
*
Wrong !! Food to survive and Parang to protect but Gold also needed to buy/exchange for item that worth more than you barter for.

GOLD is Global Currency from the past and the future. Its good to keep a few just in case.


gundam98
post Nov 2 2012, 11:37 AM

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People give them SHIT, they say THANK YOU and EAT THE SHIT.
Lacersan
post Nov 2 2012, 11:37 AM

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QUOTE(arubin @ Nov 2 2012, 10:54 AM)
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. flex.gif
*
Go and listen to whatever mlm/ponzi/direct sales and use your best judgement. You afraid kena brain wash ke? hmm.gif


LeaSe*lineR
post Nov 2 2012, 11:49 AM

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Any reliable news/link for what happening to Genneva SG?
s[H]sIkuA
post Nov 2 2012, 11:56 AM

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QUOTE(LeaSe*lineR @ Nov 2 2012, 11:49 AM)
Any reliable news/link for what happening to Genneva SG?
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No updates on their facebook page

vrzone seems like not so active also guess the amount invested is not as big so most probably all gave up and move on with life knowing they got scammed

http://forums.hardwarezone.com.sg/money-mi...3861349-14.html


arubin
post Nov 2 2012, 11:58 AM

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QUOTE(TruthHurts @ Nov 2 2012, 11:37 AM)
Wrong !! Food to survive and Parang to protect but Gold also needed to buy/exchange for item that worth more than you barter for.

GOLD is Global Currency from the past and the future. Its good to keep a few just in case.
*
I have to disagree. Gold only has value because modern civilization perceives it to have value. If we were to regress back to a primitive state, gold is next to useless. In a way, that makes it no different from fiat money.

Think about it, what practical use do people actually have for gold? It has a unique property of being both conductive and is chemically stable. This makes it useful it electronics, along with some minor uses in medicine and dentistry. However, the amount needed is actually very small and for the most part, recyclable (except for tooth fillings which don't get recycled until the owned bites the dust).

Aside from that, the fact that it is shiny and does not corrode makes it suitable for jewelry and coinage except that it is rather soft and needs to be alloyed. However, I think you will agree when I say that this is not very practical at all and jewelry really doesn't use that much gold as well.

That is the reason why gold, as a commodity, mostly just sits around in vaults. We have no reason to convert the bullion into something else. Petroleum, as a commodity, will eventually be pumped into vehicles. Copper, as a commodity, will also be eventually used. There will be a point when demand for copper outstrips supply for it. Why do you think there are people in the US who are hoarding pennies by the millions? Supply is running low, and people expect the penny to eventually be taken out of circulation as the production cost far exceeds the face value. When that happens, those copper hoarders are going to earn far more than any gold trader.

I really wish I hung on to those 1 sen coins but I don't think their copper content was as pure as the US penny.
botlife
post Nov 2 2012, 11:58 AM

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QUOTE(TruthHurts @ Nov 1 2012, 03:37 PM)
Wrong !! Food to survive and Parang to protect but Gold also needed to buy/exchange for item that worth more than you barter for.

GOLD is Global Currency from the past and the future. Its good to keep a few just in case.
*
imo in real chaos and anarchy, u will be rip with 1gold bar for 1 loaf bread or u can exchange 1piece meat with 1loaf bread biggrin.gif
precious metal is condense weatlh, which mean it come into use when u got too much $$$ ie. billion or trillion
to use condense wealth as transaction medium is inefficient at all
gold in the pass serve as condense wealth for elite class, and it will do so in future as well
for a commoner to hoard it to condense their little $$ isnt worth it

i rasa lah
dont bash me :handshake:
Dan01
post Nov 2 2012, 12:02 PM

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QUOTE(arubin @ Nov 2 2012, 11:58 AM)
I have to disagree. Gold only has value because modern civilization perceives it to have value. If we were to regress back to a primitive state, gold is next to useless. In a way, that makes it no different from fiat money.

Think about it, what practical use do people actually have for gold? It has a unique property of being both conductive and is chemically stable. This makes it useful it electronics, along with some minor uses in medicine and dentistry. However, the amount needed is actually very small and for the most part, recyclable (except for tooth fillings which don't get recycled until the owned bites the dust).

Aside from that, the fact that it is shiny and does not corrode makes it suitable for jewelry and coinage except that it is rather soft and needs to be alloyed. However, I think you will agree when I say that this is not very practical at all and jewelry really doesn't use that much gold as well.

That is the reason why gold, as a commodity, mostly just sits around in vaults. We have no reason to convert the bullion into something else. Petroleum, as a commodity, will eventually be pumped into vehicles. Copper, as a commodity, will also be eventually used. There will be a point when demand for copper outstrips supply for it. Why do you think there are people in the US who are hoarding pennies by the millions? Supply is running low, and people expect the penny to eventually be taken out of circulation as the production cost far exceeds the face value. When that happens, those copper hoarders are going to earn far more than any gold trader.

I really wish I hung on to those 1 sen coins but I don't think their copper content was as pure as the US penny.
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I agree with this, gold has whatever value it has in usd terms, because people who buy it perceive it values as such..
SUSdreign
post Nov 2 2012, 12:05 PM

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QUOTE(arubin @ Nov 2 2012, 10:54 AM)
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. flex.gif
*
Maybe you are lucky. I remember long time ago there was this "Eagle card", then "Lampaberger". I was like WTF buy aroma lamp also need membership.

Later on this "MGM" office near Lim Kok Wing Uni. go there look see look see. Very tempting see ppl get Merc SLK, go Vietnam eat crab. Even gonna build own building for members to chillout, hangout and workout. Lifestyle like a BOSS.


MGM Link 1

MGM Link 2

Things in common they uses well know or similar international name, pop up out of no where n do high profile event.

This post has been edited by dreign: Nov 2 2012, 12:15 PM
botlife
post Nov 2 2012, 12:06 PM

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QUOTE(arubin @ Nov 1 2012, 03:58 PM)
I have to disagree. Gold only has value because modern civilization perceives it to have value. If we were to regress back to a primitive state, gold is next to useless. In a way, that makes it no different from fiat money.

Think about it, what practical use do people actually have for gold? It has a unique property of being both conductive and is chemically stable. This makes it useful it electronics, along with some minor uses in medicine and dentistry. However, the amount needed is actually very small and for the most part, recyclable (except for tooth fillings which don't get recycled until the owned bites the dust).

Aside from that, the fact that it is shiny and does not corrode makes it suitable for jewelry and coinage except that it is rather soft and needs to be alloyed. However, I think you will agree when I say that this is not very practical at all and jewelry really doesn't use that much gold as well.

That is the reason why gold, as a commodity, mostly just sits around in vaults. We have no reason to convert the bullion into something else. Petroleum, as a commodity, will eventually be pumped into vehicles. Copper, as a commodity, will also be eventually used. There will be a point when demand for copper outstrips supply for it. Why do you think there are people in the US who are hoarding pennies by the millions? Supply is running low, and people expect the penny to eventually be taken out of circulation as the production cost far exceeds the face value. When that happens, those copper hoarders are going to earn far more than any gold trader.

I really wish I hung on to those 1 sen coins but I don't think their copper content was as pure as the US penny.
*
if u reali want to hoard copper , go after those electrical-bus-bar
dun go after any form of nunismatic copper
but i prefer trade metal futures onli biggrin.gif
Genneva_is_a_scam
post Nov 2 2012, 12:15 PM

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QUOTE(debbierowe @ Nov 2 2012, 09:15 AM)
i think the indian call it "Kutu"?

i only got chinese explaination, it's said to be the most ancient loan/financial aid of chinese

标会
http://baike.baidu.com/view/2095763.htm
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I think 标会 = Tontine.

http://en.wikipedia.org/wiki/Tontine
arubin
post Nov 2 2012, 12:18 PM

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QUOTE(botlife @ Nov 2 2012, 12:06 PM)
if u reali want to hoard copper , go after those electrical-bus-bar
dun go after any form of nunismatic copper
but i prefer trade metal futures onli  biggrin.gif
*
Well, the thing is copper bullion is not exactly cheap. On the other hand, a US penny is just well...1 cent. However, the value of the metal in a penny dated before 1982 is about 2+ cents at current market value.

Essentially, investing in US pennies means you are buying metal at a 50% discount. Sure, you will need to process the coins later to separate out the copper and zinc but if you have hoarded them by the millions...well, your investment has effectively doubled.

You just need to wait for the US govt to take the penny out of circulation else it is a federal offence for you to smelt it. laugh.gif

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