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.

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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.)

I am confused. How do they expect to settle amicably with BNM? Ponzi scheme is fraud, no? And fraud is criminal case, no? But I'm no lawyer, so I may be wrong. 

I am confused. How do they expect to settle amicably with BNM? Ponzi scheme is fraud, no? And fraud is criminal case, no? But I'm no lawyer, so I may be wrong. 

I am confused. How do they expect to settle amicably with BNM? Ponzi scheme is fraud, no? And fraud is criminal case, no? But I'm no lawyer, so I may be wrong. 

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.)

How do you settle a CRIMINAL case amicably? They still do not get it. They are alleged VICTIMS of a CRIME. The people behind Genneva are alleged CRIMINALS. They are potential witnesses in criminal proceedings. Your house was burgled and you ask to police to settle the case AMICABLE and return recovered property and destroy EVIDENCE before the alleged thieves are even charged?

I am confused. How do they expect to settle amicably with BNM? Ponzi scheme is fraud, no? And fraud is criminal case, no? But I'm no lawyer, so I may be wrong. 

They can settle "amicably" because they believe that they've done nothing wrong. Since the BNM still have not officially said it's a Ponzi scheme (or have they?), they can still claim to be the wronged party... and thus, the use of the word "amicably"

When did authorities last settled AMICABLY with a scam company?   

when ? donno ..

possible ? maybe .. all the (to be) charged, plea guilty. then plea bargain the sentencing ... 5 years, 3 years good behavior.

whatever confiscated, give back to investors. maybe per investor can get ~RM 2k, based on the already published amount (that 147kg + entah brp million tu). investors can nangis lah ...

after 3 years, can go out from sg. buloh while ketawa and buy some island somewhere lorr ..

all in the plan of some, no ?

The people who puts money in Genneva are indeed between the rock and the deep blue ocean as prophetjul puts it..

How can they settled on something that has absolutely no claims? The supporters are hell-bent that's nothing wrong. If nothing wrong, then they won't get a single sen back later because BNM will not have any rights to prosecute.

This show is indeed getting more intriguing..

I think I'm running out of popcorn.. 

You need a supply of popcorn to last another 5 - 7 years. Summary :-
1) Charges to be laid in another 6 months.
2)Directors plead not guilty. Court Case to be settled in 3 years.
3) If guilty, Directors will appeal. Appeal heard in another 2 - 3 years
4) If found guilty, appoint administrator for distribution of seized assets and confirming all claims are genuine - about 1 year

Total time to get back money = 7 years.

Directors get to enjoy the money now for 3.5 years. If guilty maybe go to jail for 4 years. After that enjoy again for life. But crime do pay. There is another JUDGE above and He will not bless these people. If He chooses, they will not be able to enjoy even on earth (sometimes the punishment extends to the children. Remember there is No Wealth if there is No Health.

You need a supply of popcorn to last another 5 - 7 years. Summary :-
1) Charges to be laid in another 6 months.
2)Directors plead not guilty. Court Case to be settled in 3 years.
3) If guilty, Directors will appeal. Appeal heard in another 2 - 3 years
4) If found guilty, appoint administrator for distribution of seized assets and confirming all claims are genuine - about 1 year
Total time to get back money = 7 years.

AND in that time the price of gold

2013    1800 to 2200
2014    2100 to 2800
2015    2500 to 6300
2016    3300 to 4000
2017    2500 to 3500
2018    2000 to 2500
2019    1400 to 1800 

 

Those directors dont care about gold already lah. They want their money in paper or electronic form (most likely overseas). Retired liao. They retired as of Oct 1 mah.

Who cares about the directors?  its those SUCKers who paid and still waiting for their gold
AND those who paid and kept their gold at Genneva.............

You need a supply of popcorn to last another 5 - 7 years. Summary :-
1) Charges to be laid in another 6 months.
2)Directors plead not guilty. Court Case to be settled in 3 years.
3) If guilty, Directors will appeal. Appeal heard in another 2 - 3 years
4) If found guilty, appoint administrator for distribution of seized assets and confirming all claims are genuine - about 1 year

Total time to get back money = 7 years.

Directors get to enjoy the money now for 3.5 years. If guilty maybe go to jail for 4 years. After that enjoy again for life. But crime do pay. There is another JUDGE above and He will not bless these people. If He chooses, they will not be able to enjoy even on earth (sometimes the punishment extends to the children. Remember there is No Wealth if there is No Health.

Actually, not much gold left. I believe mostly converted to paper money overseas. If BNM cannot recover these money from overseas, their losses is going to be almost 100%.

Actually, not much gold left. I believe mostly converted to paper money overseas. If BNM cannot recover these money from overseas, their losses is going to be almost 100%.