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 Genneva Malaysia V3, Raided on 1st Oct 2012.

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rexis
post Oct 30 2012, 04:59 PM

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v3 already!

Book one space from first page first, posting related info as we speak....

I suppose there are already 20% of GM members liking that GMS page. Or just busy bodies?

This post has been edited by rexis: Oct 30 2012, 05:06 PM
rexis
post Oct 30 2012, 10:28 PM

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Ok, some say we should be serious so heres my say.

1) Genneva Malaysia got raided, that's the reality.
2) GM is doing illegal business, regardless it is trade secret or not, it is illegal, that's why BNM raided GM, that's a reality too.
3) No matter what words you use, ponzi is ponzi is ponzi is ponzi. Gold certificate is NOT gold.
4) The earth is round/flat, what Mahatir said, what PM wife said, what certain website said, all also rubbish, BNM is the authority and when they say you are illegal, they have a better excuse than just wanting to eat your money or none existing gold bar.
5) Just where the fxxx are your directors/God? Do they have a surname Jesus?

Yes I know, many people are very very desperate, imagine you are being fired and you no longer have a salary, same concept. But again and again arguing with the old boss that you have not do wrong isn't gonna take you anywhere. If you are desperate, I am sure you would desperately move on, such as finding another income.

AND I CONDEMN the consultants, perhaps not all but those who kept on again and again trying to make used of their supporters who have trusted them with life savings and income and family, as nothing but slaves. The "leaderless revolution" is nothing but merely another propaganda for those who should be held responsible(and prosecuted) keep on hiding behind their meat shield made of old folks, (their own) little kids and wheelchair. I doubt they still have their shame and they have cheated everyone including themselves.

Those who have moved on, I congratulate, that you have learned a very important lesson, that there is no such thing as short cut in life, that people can be successful in anything if you have a proper inspiration. That if you stick with people who whine and cry all day about how hard is life how hard is your job how easy is buying gold bar, you would end up no where but only become one of the zombies.

Zombies, it does not mean a group of brainless person, but it refer to a group of really smart person that refuse to think and accept reality, and in real life, there is usually a(group of) mastermind(s) behind a group of zombies, making them do what benefits the mastermind(s) most willingly. For example, zombie network, usually have a main server that controls all the infected computers and coordinate attacks. So much for leaderless revolution.

BNM eats your money?! Oh really, this is something all over the news all over the world, it would be easier if BNM gather a few masked security guards and go rob GM office that would attract less attention. BNM, spells BANK NEGARA MALAYSIA, not Polis, not Custom, not inland revenue, BNM is the one that governs our money and financial system, I humbly believe that they are one of our gov departments that actually have to work hard.

Imho, BNM do not need more time to investigate, that's just an excuse, they already have all the evidence, just that a lot of people involved and their understandings were twisted by GM aka their consultants, its not easy to explain WTF is banana when you think that's the round shaped fruit with orange skin.

my 0.05 penny
rexis
post Oct 31 2012, 08:38 AM

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I myself experienced a similar disaster like this, one of my dearest family member has spent all her college savings just to buy some lamp. You must admit how powerful brainwash is, that is not the person being stupid or low IQ, its like being possessed by evil spirit and that person is no longer the person I know, no longer thinking logic.

I actually printed out the highlights of the LYN LB thread and show her video clip from the internet, but all effort futile until she learn the lesson herself. Money burnt lesson learned, and I am glad she finally back to track.

So, when you laughing at GMS happily here, make sure you let your friends and family do not fall into such trap.

So, we should not call these people stupid, they just being taken over, or just being stubborn. As for those consultant who continued to make use of this misled souls, may God forgive them and not let them rot in hell.

QUOTE(KentPhan @ Oct 31 2012, 12:58 AM)
thumbup.gif

Absolutely right!

"relax lah... nanti lah...." this is the way I see BNM.

BNM should call for an open diaglogue with Genneva customers or customers representative if there are too many customers want to join. Being a "rakyat utama" body, BNM has the responsibility of not making rakyat in panic. BNM customers have the right to know what is going to do by the BNM and the time schedule.

"diam lah.... bila siap... u akan diberitauh" this is another way I see BNM.

We live in a civilized society. BNM raid Genneva is a right action. BNM raid Genneva but ignore the feeling of Genneva customers is a babarian's behaviour.

Never and never forget for one important fact - who allow Genneva run the business for so many years, and even allow version 2.

BNM and other authorities are the one making this mess to the rakyat at the fisrt place. They are recovering their mess now.

my 0.025 penny
*
This is just typical, when got snatch theft or house break in or road bully. We blame the authority more than the criminals.

But ultimately it is our own responsibility for our own safety or not to left your brain at home. Other people can only do so much to help, but if one choose to be an idiot, he/she has to fall hard in order to learn anything.

One thing I want to complain about BNM, that none of the directors show face after the event, and BNM seem like not doing any effort(or not enough) to expose them and put them responsible in all these mess. End up some jokers like Pat Lu or something pretending smart on public.

QUOTE(Akonn @ Oct 31 2012, 05:58 AM)
You forgot one more option:

7) Commit Suicide
---
Sorry, I was just joking. It's distasteful and I take it back. My deepest apologies again.
*
Yes, this one, I know you are joking, and I believe that the rumor about people trying to kill themselves is ultimately trolling.

But seriously, when you are reading this and you have got your entire life saving at stake, you will really feel like kill yourself.

You have learned to be smarter now, so don't be stupid again, That's all anyone should keep in mind.

This is Malaysia, not Tibet, where people burn themselves alive on daily basis. Malaysia still have amber opportunity fruits awaiting you to pick. If you really not that capable, we Malaysians still mostly have a heart and willing to help, all you need to do is to ask nicely.


rexis
post Oct 31 2012, 09:03 AM

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QUOTE(gogo2 @ Oct 31 2012, 08:50 AM)
...
Just go to GMS facebook and you'll see they relate God in their post.

What can I say. OMG!!!!
*
Basically I can see every imaginable God there(can someone post a money god there) being summoned for the rescue.

And that's OMFG.
rexis
post Oct 31 2012, 09:26 AM

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QUOTE(gogo2 @ Oct 31 2012, 09:09 AM)
Oh, you did read my message before I delete it. I was thinking I might riled up some religious people and getting death threats. LOL.

Oh by the way, they are summoning Fengshui Sifu now:-

When I read that, I want to drop off my chair.  sweat.gif
*
That's just my opinion(too), seriously I do not think God works that way. When it is wrong, it is wrong. God answer your prayer in unexpected ways, but for sure He will answer your prayer, God do not magically bring cooked food onto your table, He make you work hard in the field.

Or by making you realized that you are cheating money by sending in BNM angels to take away all the illegal money.

Also, I think that misusing God's figure for own personal benefit is a sin.

But oh well, maybe that's just me, maybe their Gods work with different method.

Fengshui.......... no opinion on that. sweat.gif

This post has been edited by rexis: Oct 31 2012, 09:28 AM
rexis
post Oct 31 2012, 10:10 AM

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QUOTE(Akonn @ Oct 31 2012, 09:55 AM)
Would God promote a massive ponzi scam such as this and cause so many people to suffer?? I thought she was a good Catholic (saw all the holy pics in the Al-Jazeera interview). Since when did she turn into a heretic and summon Feng Shui sifu???
*
Is a good Catholic always a good person? If a person go deep in religions thing have to be a good person? I do not think there is an absolute answer.

The problem with religious people is that when they label their action with their God's symbol, they have to be right, regardless whether its right or wrong, logical or illogical.

A Catholic with a Fengshui sifu..... that's a killer combination.
rexis
post Oct 31 2012, 11:58 AM

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QUOTE(prophetjul @ Oct 31 2012, 11:37 AM)
Pat Lu's no christian...shes got all the idols in her FB page

http://www.facebook.com/#!/patlu?fref=ts
user posted image
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So basically all the makers are here... no, wait....

Where is Genneva?

QUOTE(Dan01 @ Oct 31 2012, 11:52 AM)
not just stupid..

they call others idiot, morons, lost souls..
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That's why it is time for them to face the reality. They are so used to against anyone who disagree with them, unfortunately you can go against the truth.

But some can still choose to hide away from it.

This post has been edited by rexis: Oct 31 2012, 11:59 AM
rexis
post Oct 31 2012, 01:22 PM

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Upstair link:
Bestino investors threaten to camp overnight in front of PMO.

QUOTE(Desvaro @ Oct 31 2012, 01:14 PM)
Recently that Krishna posted a super long letter, and sent it to BNM. Among the main points were that Genneva has NEVER FAILED to meet its obligations, so why raid it?

I messaged him and a number of top consultants before asking them for an explanation of my friend's case. Here's what happened to my friend:

Her entire extended family invested in Genneva during the iPad 3 promotion some time ago. Paid in full, more than 6 months later still no hibah nor gold.

So far no one dare to reply me.

Anyone of you can post this on their supporter page?


Added on October 31, 2012, 1:17 pmOn another note, it looks like the ramblings from the deluded ones are now in the 'Neutral' page
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Reading the post above you, I can't help but wonder if they fall into the "undetected" category.

This post has been edited by rexis: Oct 31 2012, 01:23 PM
rexis
post Oct 31 2012, 02:58 PM

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QUOTE(hey_there @ Oct 31 2012, 02:25 PM)
nonsense... cannot blame genneva then blame who? bnm ah?


Added on October 31, 2012, 2:27 pm

nonsense... cannot blame genneva then blame who? bnm ah? even when u buy insurance and cant claim, ppl will blame the company right? they wont point the fingers at agent and bnm 1st....
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There's a point there: consultants should be held RESPONSIBLE!
rexis
post Nov 1 2012, 01:23 PM

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1 day grow by 11 pages of speculations. Welcome to the kopitiam corner of FBI.

QUOTE(tipuism @ Nov 1 2012, 10:54 AM)
Wow.

so many comments and so much speculation.

my point?

buy gold bar from goldsmith and pay retail price is perfectly acceptable. right or wrong?
*
Talk about that, lately got so many break wall gold stolen case, I think some can get 2nd hand gold bar cheap. So normal goldsmith might not offer full market price.

Just my view tongue.gif I believe big gold shop like Poh Kong should have a standard to buy gold.

This post has been edited by rexis: Nov 1 2012, 01:24 PM
rexis
post Nov 2 2012, 08:14 AM

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QUOTE(Selectt @ Nov 2 2012, 02:24 AM)
BNM actually lifted GM from blacklist. Does that mean we can invest and get paid 3% per month. If yes, I gonna loan 1 billion dollars from bank and get rich asap.
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And to the investigation list...
rexis
post Nov 2 2012, 08:46 AM

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QUOTE(gogo2 @ Nov 2 2012, 08:23 AM)
Its just Genneva very lucky that Gold Price appreciate. But for the past 1 year, gold price stagnant. So how does Genneva
get money to pay hibah, commission and running cost of company?  rclxms.gif

I would say Genneva at best is gold betting company. Genneva bet the gold rise exponentially. And Genneva customer loan
money to Genneva to make the bet.  rclxms.gif
*
If it is true that if GM sold a piece of gold over and over again to the same customer, gold value up didn't really help GM in generating profit. Simply because that GM has to fork out more to pay the same amount of customer.

So in order to be sustainable, GM has to be able to attract new customer even faster than before! Being unable to do so, or the gold price simply jumped too much, would lead to hard crash.

Frankly speaking GM make money via gold trading only by selling overpriced gold to their customer, nothing much about taking the trouble to hedge gold and wait for their rise - that would be risky, too slow to generate profit, and troublesome as compare to sit at home money pours in.

Just my crude view, I don't know their trade secret anyway.

This post has been edited by rexis: Nov 2 2012, 08:51 AM
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.
rexis
post Nov 2 2012, 12:53 PM

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QUOTE(arubin @ Nov 2 2012, 12:34 PM)
Who the hell is talking cock?

Bank's cash reserves are less than liabilities, yes. That is normal. Assets less than liabilities? Never - not without it being a major scandal once the auditors pick up on it. There is a reason why it is called a balance sheet. It must balance. A = L + E.

To give a real-life example to those thick-skull GMS folks. Let's say they take out a loan from the bank to buy Genneva gold. They will not hold physical gold as an asset (assuming Genneva delivered) and owe a liability to the bank.

As for the bank. the bank's cash reserves goes down, but the money that you owe them goes back into the balance sheet as an asset (Accounts Receivable, or something like that. I don't fully remember the accounting details). The value of their assets actually doesn't change at the point of the loan.

So you see, the bank's balance sheet balances. By right, your own balance sheet should also balance. Except...well, I do believe Genneva doesn't always deliver the gold on time. So you have no gold, no money, and a loan on your hand. You're broke and you owe people money. Yet you still seem to think you made a good decision to trust in Genneva. doh.gif
*
smile.gif smile.gif smile.gif
You see:
- Bank do not you give you 6 hours lecture or make you go training center
- Bank do not talk till make you feel so good so saved so peace in mind
- Bank usually won't tell you how evil other investment is and won't tell you something like fixed deposit isn't investment
- Bank would not ask you to sell your property or end your business and put all the cash to them
- Bank is no trade secret, and they don't have to make you so saved like after a church session

So, if I am a Gm customer and sing I luv GM everyday 7am+pm, I will feel hella good and waaaay above all human being because I am on the same side of this *trade secret*. Not just that, all my families and friends are saved too because I hv brought them in!

And I won't understand a thing about why the hell bnm raided my capital letter G.
smile.gif smile.gif smile.gif

This post has been edited by rexis: Nov 2 2012, 12:54 PM
rexis
post Nov 2 2012, 03:22 PM

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QUOTE(gogo2 @ Nov 2 2012, 02:38 PM)
Why it still sound like Insurance agent and their plan?  laugh.gif
*
smile.gif smile.gif smile.gif
No no no no
- it is not investment
- it's not fixed deposit
- it's neither loan
- and of course it is not insurance, not property, not stock market, not unit trust, not buying and selling chicken rice too.

Its merely gold trading, hibah, if you having hard time imagining, its similar to credit card give rebate, or Jusco card give points, or bonuslink....
But of course it is not what it sounded like, coz it is our trade secret brows.gif
smile.gif smile.gif smile.gif
rexis
post Nov 6 2012, 10:37 AM

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QUOTE(KentPhan @ Nov 6 2012, 09:52 AM)
All messages by GMS are not important at all. They protect management. They ask for sympathy. They hit the minister. We should respect their freedom to say what they want to say, although we disagree to most of them. If anybody gets hurt from their saying, the person has the right to bring them to the court or make police report.

We are not the enforcement department to ensure GM is running legitimately. We are the enforcement to ensure the relevant enforcement departments has ensured GM is a legal company.

Thus, we are not interested to ask for GM or GMS to be transparent.
*
I disagree on respect on their so called freedom of speech when all what they have spoken are lies and keeping the victims misinformed, moreover practiced censorship on different opinions. Respect should be carried out two ways.

We are not the enforcement, but we can condemn their way of doing business. Any disagreement, a debate is welcomed.
rexis
post Nov 6 2012, 01:03 PM

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QUOTE(gogo2 @ Nov 6 2012, 12:55 PM)
Updating public is important. At least let them know whether they lose or not all the money. Is it because all proof must wait until court case?
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It sound like updating public that they are doing something and still working on it. The figures means almost nothing except telling the investors to expect huge losses.

142kg gold from all four companies... that could be any ratio, such as 0.01g for GM and 142 kg for the rest.
rexis
post Nov 6 2012, 01:21 PM

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QUOTE(GoldChan @ Nov 6 2012, 12:24 PM)
142.7 x 200K /kg  = 28.54 million + 101.92million = RM130.46 million / 35000 (investor) = RM3727.43 per investor.
wow! from the calculator. those who paid and didn't get their gold will not likely to get it.

Investment involved $10 Billion, thus where is the missing 9.8 Billion.
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First, 35000 investors are from GM and ????? investors from dan lain-lain.
2nd, 142.7 kg of gold dunno how many belongs to GM.

So most likely missing 9.99 Billions appx, in other words, GM has been cleaned up too well as if the directors are expecting BNM.
rexis
post Dec 4 2012, 08:47 AM

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GMS sponsored my facebook today O.o

They are still unable to accept the truth...

user posted image

 

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