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

Role playing - dont believe that was what was discussed.

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Added on November 13, 2012, 3:49 pmCould be. From their demeanor, they have hope for the future. Either a new company coming up or the promise of the resolution of the current situation. I can read this in the behaviour of Shereen and Pat Lu.

This post has been edited by terry8: Nov 13 2012, 03:49 PM

interesting, now GMS page full of lawyers advises.. some say if they too rush to go file a police report (like what NTV7 Donald Lim suggested) they will be consider intervene and drag the case very long until 5-6 years only will settle, haha! it was suggested for the people to wait for BNM to file a court case towards Genneva then only they file a police report. so once again! the responsibility and next move has been all on BNM and up to BNM.

Pandai la these ppl... shall i suggest this is a new scheme, not ponzi, but it also included after-(get-caught)-service, the post-ponzi crisis management.

They are coming out with every trick in the book to stop or delay people from making police reports. All these advises from so called lawyers. You and I know why they called the meeting. They are worried people will make police reports after the NTV 7 news. They just say and do anything to stop or delay this. This is the ONE and ONLY reason for the meeting.

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

does the big M that launch the Genneva be charged as well?

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

any news from Genneva? anyone collected their gold and hibah back??

if they accept it is a ponzi - meaning they have to accept this case to be going on for as long as a decade or more.. and when return their capital it might be 1 cent to ringgit?
if its BNM that make a mistake, then they got hope to get back all their money, plus continue getting 2% return per month!

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Added on November 13, 2012, 7:02 pmnow they twisted and say if you make police report you will delay the case instead. well, i think a lawyer can really come into use for this argument once and for all

This post has been edited by debbierowe: Nov 13 2012, 07:02 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

very good info,too bad the sheepish not getting it...

60000 offences
will record in bolehland book of record or not??

Any new news?

Glad you can see how this lulu disgraced the human race, so pathetic fake

According to my sources, BNM has everything ready to prosecute the bosses. The only weakness in their case is the number of witness. There are police reports lodged against Genneva already, but attorney general office wants more reports in terms of % to the total invested amount (RM3b)

The defense panel of lawyers knew this very well. So they held the recent meeting to try to hold up as many police reports as possible to strengthen the case (after the DFM openly call the investors to lodge reports with police/BNM). The meeting to convince the investors/consultants not to cooperate with the authorities are merely for the benefit of the bosses, not the investors.

In fact, the earlier the authority can bring the bosses to justice, the earlier the investors can get back the money. The claim in the quote above "money and gold become BNM's property" is just a lie to frighten the investors to ledge reports. In fact, if it is the other way round - Genneva wins the case, not only will the bosses safe from being thrown into jail, the gold and cash belongs to the company and it is the mercy of the bosses whether to distribute them (remember in black and white all customers sign away their rights ?)

There were so many scam cases in the past that the authority return the money to the rightful owners after the case concluded and the culprits thrown into jail. From the "Co-Operatives case" in the 1980s to the recent "Swiss cash case", the investors got back something from the distribution. So to help the authorities is to help the investors themselves to speed up the process to get back their gold and money. Although it is almost certain that they will get back only a fraction in the dollar. But something is better than nothing

I salute to the bosses of Genneva. They play the game so well. They can brainwash and control the action of overwhelming majority of the investors' action. Even the investors lost so much money, until these days they still try to protect the bosses

by the time the court rules out verdict, how many of the inves..oops traders, CONsultants, directors, cronies etc wouldnt die of old age...

this is a clear victory for the owner of Genneva.
spend money, enjoy their last moment in bolehland with fame and style.
delay-delay-delay...

i love their tactic. brilliant.
where on earth can you find a bunch of mobs, freely give you all their money, and still protecting you til the end, with NO pay!
surely in bolehland, after this will be flocking with international investors because we have plenty of FREE MINDLESS LABOUR.

Stockholm Syndrome - it's real and it works.

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

today sure no demo one , sure chicken out one.. everyone is waiting for the others to do it so that they don't need to be famous bcos of losing money

When did authorities last settled AMICABLY with a scam company?