Didn't all these people abetted in the promotion of this ponzi scheme?? Or were they just there for the door gift??

Many customers testified that the reason they went into this scheme was after seeing these so-called politicians and well-known personalities officiating GM's function.

This post has been edited by Akonn: Nov 13 2012, 06:20 PM

This is an interesting feedback from one Zaleha Md Taib who was interviewed by BNM recently. According to her the investigation will take at least 90 days. After the investigations papers are finalized they will be submitted to AG's office who will then determine whether there is any case. If the directors are charged it could take a minimum of 9 months for court proceedings to end.

If history is anything to go by i.e. GM1.0 then the directors will definitely be charged under BAFIA and AMLATFA and if they do not admit to their guilt the case could easily drag from 5 years to 10 years NOT 9 months. GM1.0 was on a much, much smaller scale and it has dragged for 3 years now without any conclusion. GM2.0 is massive....directors will be charged with over 60,000 offences. Furthermore AG might decide to charge certain prominent senior consultants this time around for defaming and maligning the Central Bank as well as the DFM besides abetting in the ponzi scam.


>>Zaleha Md Taib: Sy ada mendpt info from bnm officer we all must wait until 90 days utk siasatan . The result akan dihantar ke pej peguam negara utk ditentukan GMSB ada kes or tidak. Jika x de kes semua akan dipulangkan kpd company. If ada kes drag ke 9 bln minima n jika didapati GMSB bersalah , money n gold akan jd milik bnm but kita blh buat tuntutan pihak ke3 yg ada dlm peruntukan bnm. So mmg ambil masa yg panjang. Insyaallah masih blh dapat hak kita tapi kita mesti banyak bersabar n sentiasa ikut perkembangan kes. Ini info semasa sy dipanggil oleh bnm tempoh hari.<<

This post has been edited by Akonn: Nov 13 2012, 08:10 PM

From EddyLB posting above, I would seriously urge ALL investors who are affected to make your police report NOW, immediately, as soon as possible. DO NOT DELAY, the longer you delay, the longer it will take to recover your gold and money. Give your full cooperation to BNM and the authorities and settle amicably with them. It's critical that you make a police report in order to submit a third party claim.

__________________________________________________________________________________________
UPDATE: There's a post on GMS on the briefing at CONsultants' meeting yesterday.

Mira Edora
Saya terima sms dari cousin pd 13.11.12/18:39. Salam, latest updates on Genneva. Our consultants committee had met 1) Tun Mahathir 2) Majlis Fatwa 3) PPIM, All to seek respective parties support on our case 4) we are now seeking an audience with Tan Sri Zeti for a dialogue session 5) our Genneva management is negotiating with BNM to settle our case amicably 6) we have explored on the legal avenue. Unfortunately, it is way too expensive and time consuming (min 3yrs) and chances of winning against authority is rather slim. We hv seek opinions frm few legal firms ranging frm the cheapest to the most expensive,all with experience in hndling Bafia n Amla cases. All of them advised us to settle this matter amicably with BNM.

(Note: No mention of marching or occupy Putrajaya was proposed or any of the no-brainer, bizarre methods employed by Pat Lulu was even suggested by the legal firms.)

This post has been edited by Akonn: Nov 14 2012, 03:28 AM

I think what the lawyers meant was for INVESTORS to give their full cooperation to BNM and the authorities like making a police report and appear as witness when needed. The directors/management still has to answer to fraud charges and if convicted will be sent to prison. A fraud is a fraud, no two ways about that. The earlier the investors assist BNM in their investigations and court proceedings, the faster they may make claims to their frozen assets.

This post has been edited by Akonn: Nov 14 2012, 10:23 AM

Perhaps the word 'amicably' is not the most appropriate word to use here as it brings a lot of confusion. The AG needs a certain number of BNM/police reports by investors to strengthen the case against the directors since it was found that GM's liability was in the billions. So the intention was NEVER to settle the case amicably but to go ahead with the charges. What I feel is that the investors should give their fullest cooperation to BNM/authorities (in that sense, amicably) in order for the case to proceed in court and make the third party claims after court proceedings are over. Bottom line: the criminals will still be prosecuted, no compromise on that!!

True, they are still innocent till proven guilty by the courts. Maybe we should not be too quick to judge.

It would be lucky if the court case takes only three years. GM1.0 for eg. is insignificant compared to GM2.0 which is a monstrous scam. Yet GM1.0 is now in its third year and no light at the end of the tunnel. I tend to agree with debbie who said that it might take a decade or more. GM2.0 was created from monies and gold stashed in offshore accounts or with shelf companies, brought back to recreate the current 2.0 scam. Somehow I strangely feel GM3.0 is in the works. So, gunny sacks of popcorns please.



This post has been edited by Akonn: Nov 14 2012, 12:20 PM

Are u sure they retired liao? Hard core scammers like Ng P.W. & co plus servile lackeys like Pat Lulu and Aunty Lim will never retire. They always live to scam another day. Why?? Because easy money, free lunch and too damn lucrative. Futhermore there's a sucker born every minute.

Who wouldn't want to lunch in exotic Japanese restaurants, watch wads of cash falling from the sky and change their Samsung smartphones like they change their panties everyday..

This post has been edited by Akonn: Nov 14 2012, 01:20 PM

GMS page losing steam. Many given up hope. Some crazies still supporting and protecting directors and management till last breath. Must be the directors, management or Pat Lulu themselves in disguise.

http://www.facebook.com/photo.php?fbid=556...&type=1&theater

Pat Lulu's customer's getting f* pissed with her fb goosebump love, peace, friendship and hiding behind all the religious preaching bullshit messages. Greatest hypocrisy and insult to all her customers and the old retirees she has cheated. She talks about God, high and mighty and the next moment she WHACKS BNM and Awang Adek, malign BNM etc. and quotes Adolf Hitler.

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Added on November 14, 2012, 6:23 pmIMF chief, Christine Lagarde is in town. Anyone aware of any GM demo if any...LOL



This post has been edited by Akonn: Nov 15 2012, 06:20 AM

But you need a Chief Imagination Officer to imagine that.

Oh yes, on 'Inside Story' she was the French Finance Minister then, now IMF Chief, lagi terror. BNM has posted the text of her full speech on their fb page. Excellent speech by Mademoiselle Lagarde.

This post has been edited by Akonn: Nov 14 2012, 11:18 PM

(Just saw this posting below from GG, Dunno how far it is true. If theres truth in it, then the conspiracy and sabotage that's hatched among the directors themselves is quite shocking!)....the plot thickens.
___________________________________________________________


Before Genneva got raided, Genneva was offering 3% hibah plus iPad3. This was planned by Genneva's Philip Lim, to attract the attention of BNM, so that Genneva will be raided and assets frozen. Genneva's senior management knew Philip Lim was the instigator. Philip Lim is actually conspiring with TGG to bring down Genneva.

之前Genneva一直促销每个月3%回酬+还增送顾客 iPad 3（购买黄金还有那么丰富的回酬），这些丰富的促销是Genneva的老板Philip Lim 故意引BNM来冻结Genneva，现在Philip Lim 与股东闹意见。Genneva 的几位股东也知道Philip Lim 是内鬼，Philip Lim 是TGG 的间谍，故意搞垮Genneva ！

http://www.facebook.com/photo.php?fbid=117...&type=1&theater

This post has been edited by Akonn: Nov 15 2012, 02:24 PM

They never manage to give away the iPad, did they?? So it was just a sweet, sugary enticement before the curtain falls. As drinkers will say, 'One For the Road'......these ppl are really slick and smart.

This post has been edited by Akonn: Nov 15 2012, 04:08 PM

So what does an International Marketing Manager do exactly? I thought they already had a Regional Director? Very high sounding and international like.

This post has been edited by Akonn: Nov 15 2012, 04:27 PM

Hey, I notice all your Philip Lim postings on GMS were deleted. I also noticed Debbie kacau_ing Lulu and Aunty Lim's 'inspirational' Love and Godliness messages...ha ha ha

This post has been edited by Akonn: Nov 15 2012, 04:55 PM

There's something fishy here. Yes the iPad3 should be ready for delivery with the gold. However no mention was made by BNM on seizing of iPads. The iPads would be relevant to the investigations and act as evidence of the ponzi promotions. By right they should have been confiscated as well as bahan bukti. Could it be that the mgmt. never intended to deliver the gold or iPads at all since they were expecting the raid?? Hmm....I wonder.

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Added on November 15, 2012, 11:19 pmNo matter how 'semangat' or 'syok sendiri', its just a letter from an ignorant reader who have absolutely no knowledge or idea on how a ponzi scheme works. Certainly, this letter will not persuade BNM to release any gold or assets seized. So it's just syok sendiri in FUTILITY.

BTW, I think the writer of the letter must have lost a lot of money by the Genneva scam too.

This post has been edited by Akonn: Nov 15 2012, 11:41 PM

These CULT-LIKE mentality of people involved in ponzi schemes is indeed scary. One is totally disempowered and controlled like zombies (by senior cons- lulu, etc as in the case of GM). Criticism on GMS page will immediately be deleted and one is liable to be banned/blocked. One will be likened to a dog and asked to stop barking before being shooed off....sounds familiar???

This post has been edited by Akonn: Nov 16 2012, 09:19 AM

It's the Stockholm Syndrome plus CULT brainwashing techniques by senior CONs that turned them into meek sheeps.

They have already done that not in facebook though but through the Yahoo groups

From Butch lulu's email:
"-- Text them: "For Genneva consultants only - JOIN Genneva Family at http://groups.yahoo.com/group/GennevaFamily/ or http://yhoo.it/Ry9Dmh - give your name, tel and consultant code."
-- Alternatively, go to http://groups.yahoo.com/group/GennevaFamily/subs_invite and type in their email addresses."

This post has been edited by Akonn: Nov 18 2012, 12:01 PM