SHOCKING:

Another shocking revelation by Krishnamoorthy Muthaly. He alleged that Genneva Management knew about Bank Negara moving in but customers were NOT told. As I see it BNM might have given stern warning to GMSB that if it did not wind up its operations, they will carry out the raid. But this were never told to the customers and the low line consultants. Only certain senior consultants must have been aware about it and got out in time to save their skins.

This post has been edited by Akonn: Jan 23 2013, 02:17 PM

Spotted a hot version of Pat Lu at https://www.facebook.com/LianZhengNet...

Gold trader says ‘business as usual’ despite missing Singapore CEO
By Syed Jaymal Zahiid and Ida Lim
January 23, 2013

KUALA LUMPUR, Jan 23 ― Operations are proceeding uninterrupted, Singapore-based gold trader The Gold Guarantee Malaysia (TGG-M) said today, despite growing investor concern in the island republic over the reported disappearance of its chief executive, Lee Song Teck.

TGG is on Bank Negara’s consumer alert list, which was sent out after several other gold traders in an unregulated industry, such as Genneva Gold, left more than 60,000 people in a lurch after the companies accounts were frozen following the central bank’s raid last October on suspicion of violating several financial and banking laws including illegal deposit taking, money laundering and tax evasion.

“As you can see its business per usual,” an official from TGG-M told The Malaysian Insider during a visit today to its office in the upscale Mont Kiara suburb here.

The official, who spoke on condition of anonymity, said they were aware of the news report but added Malaysian clients should not be spooked by the news report and that the local subsidiary is run separately from its Singapore parent.

“What happens in Singapore will not affect what is going on here. We are independent,” the official added.

Another senior official from TGG-M had told The Malaysian Insider in an earlier phone call that the company was “in the process of legally removing” Lee but did not explain the reason behind the decision.

The Gold Guarantee was added to Bank Negara’s Consumer Alert List on November 29, 2012, with its activity listed as “gold investment”.

According to Bank Negara’s website, the list is intended to alert the public of companies that are “neither authorised nor approved under the relevant laws and regulations administered by BNM”.

The central bank stated that the list is based on “information and queries” it receives, and it is only a non-exhaustive guide for the public.

Singapore broadsheet The Straits Times (ST) reported today that TGG investors in the Lion City are increasingly worried about the fate of their investments when they failed to contact Lee after he sent out a statement on the company’s future in an e-letter on January 8.

The e-letter had reportedly announced a merger between TGG and Asia Pacific Bullion, a precious metal trading company also owned by the now-missing Lee.

ST had reported that TGG could see itself facing legal troubles since TGG and Asia Pacific Bullion had been listed on the Monetary Authority of Singapore’s Investor Alert List of unlicensed entities.

The paper cited clients as saying TGG agents have been avoiding contact with its customers who are now worried over the fate of their investments after news of the merger went public.

Lee was also reported to have skipped out on a scheduled meeting last Monday to explain the situation to its clients.

The gold-trading industry in Malaysia has come under heavy public scrutiny since the Genneva scandal broke last year.

The fiasco had since left its Malaysian investors stranded without any legal recourse to reclaim their money from the gold scheme.

Genneva’s Singaporean branch is also under investigation by the island state’s Commercial Affairs Department.

http://www.themalaysianinsider.com/malaysi...-singapore-ceo/

Note: Yeah right!! This was exactly what happened to Genneva. First the House of Genneva in Singapore collapses followed by subsidiaries in Malaysia and elsewhere.

After Lee Song Teck went MIA, who the f* in Malaysia has the faith and confidence to invest in TGG Malaysia or any goldcos for that matter (except the most gullible moron). All these ponzi goldco schemes are UNSUSTAINABLE, period!!

This post has been edited by Akonn: Jan 23 2013, 05:42 PM

PRIMA FACIE CASE ESTABLISHED AGAINST ALL 4 GENNEVA DIRECTORS FOR MONEY LAUNDERING AND ILLEGAL DEPOSIT TAKING.

Four directors of gold investment company Genneva Sdn Bhd were ordered by the Sessions court yesterday to enter their defence on 224 counts of money-laundering.

Liew Chee Wah, 58, who has since resigned from the company, Ng Poh Weng, 62, Marcus Yee Yuen Seng, 60, and Chin Wai Leong, 36, were also ordered to enter their defence on illegal deposit taking charges.

Court case will probably drag on for a few years, and some of the directors will probably skip town by then.
Would love to hear what the CONsultants have to say now .....

Living a lie is like riding a ferocious tiger. It look grand at first but you can never sleep soundly for you dont know when the tiger will swing around and eat you.You want to get off but you dont dare because you will definately be eaten by the ppl you harmed if not by the tiger itself.

So Pat Lu, enjoy your ride but know you will never be at peace. You are not punished for yr greed, you are punished BY your greed.




Proverbs 15
1A gentle answer turns away wrath,
but a harsh word stirs up anger.

2The tongue of the wise commends knowledge,

but the mouth of the fool gushes folly.

3The eyes of the Lord are everywhere,

keeping watch on the wicked and the good.

4The tongue that brings healing is a tree of life,

but a deceitful tongue crushes the spirit.

5A fool spurns his father’s discipline,

but whoever heeds correction shows prudence.

6The house of the righteous contains great treasure,

but the income of the wicked brings them trouble.

7The lips of the wise spread knowledge;

not so the hearts of fools.

8The Lord detests the sacrifice of the wicked,

but the prayer of the upright pleases him.

9The Lord detests the way of the wicked

but he loves those who pursue righteousness.

10Stern discipline awaits him who leaves the path;

he who hates correction will die.

11Death and Destructions lie open before the Lord—

how much more the hearts of men!


Matthew 16:26
And what do you benefit if you gain the whole world but lose your own soul? Is anything worth more than your soul?

They will say....thsi is Genneva Sdn Bhd and it has nothin to do with Genneva Malaysia Sdn Bhd...see the difference? one is GSB..and another one is GMSB a humongous different between those two...So if the directors of GSB kena, the directors of GMSB will not kena one.....

*note: aren't the directors the same persons for both? but, wait GMS people will die die oso say not the same co so not the same fate..

Yeap is a very disturbed person...and disturbed persons usually are not easy to work with....

Aren't they all disturbed persons except Admin Lulu who is obsessively insane.

Reminds me of the movie, 'Life of Pi'. Using a similar analogy, Pat Lulu is now in a life boat, stranded in the middle of the ocean with a ferocious Bengal tiger. But in this case the ferocious hungry tiger cannot be tamed. Lulu can never sleep soundly on the small life boat and the ferocious tiger ('Richard Parker') is ever ready to pounce on her.

This post has been edited by Akonn: Jan 24 2013, 12:29 AM

Even though those directors from Geneva SDN Bhd were sitting in the VIP table for all the Genneva Malaysia SDN bhd's events - talking about denial

What this guy writes has no more credibility coz he said that he would write anything to get Genneva restarted. He sold his morals and credibility for his investment

Ponzi scammers everywhere are the same. They are smooth talkers and have absolutely NO sympathy for their victims. They will make u feel that they are helping you in your desperate times of need, fulfill and honour all commitments and never failed to repay you to suck in more victims. Some fools will even begin to literally idolised and worship them not realising that they are the real scumbags. In the end whether u commit suicide or die of sickness, it's your f* business.

Take the example of TGG (both Singapore and Malaysia). Almost immediately after the October 1 raid, they came out with some rescue package for Genneva victims particularly to those holding the gold purportedly to assist them in salvaging their loss. In just three months, founder and CEO, Lee Song Teck has gone missing in action and TGG is in deep shit. Their target after Oct 1 was of course Genneva victims like our pal Andrew Ng, who were at their most vulnerable stage. Like vampires, they will suck every drop of your blood before discarding your carcass.

Funny, I read this comment on Singapore's Hardware Zone and find some sense in it:

http://thegoldguarantee.com.sg/gennevas-tr...own-for-months/

This post has been edited by Akonn: Jan 24 2013, 12:25 AM

Whoa... it like watching the actors being killed in horror movies part 1,2,3 all the sequel non stop.

From GNM to TGG.. from the frying pan into the fire.
All spewing the same stories to lure investors (or foolish gold traders whatever you can call it).

How come these people just can't think?

Anyway, I'm running out of popcorn.

This post has been edited by danmooncake: Jan 24 2013, 12:33 AM

Well, you better prep more popcorn than. After all, the great Dee Casey is preparing Act 2 - Judicial Review. This will be fun to watch.

The GMS FB admin quite creative, able to link whatever happenings around the world and malaysia to GMS. How thick can one get and be?

money already gone, even now can send those people to jail also no use

Ahahhahahah, I'll see if JR 1st or directors being charge 1st...

By the way, if not mistaken this Casey is telling people to request JR for themselves, not for GMS or who, for their own golding money, same approach like the police report.

So.... Everyone will be going to court lining up and we once again won't know the Bruce Wayne who type as Dee Casey for the Justice League of Gennevaland

Reminds me of the movie, 'Life of Pi'. Using a similar analogy, Pat Lulu is now in a life boat, stranded in the middle of the ocean with a ferocious Bengal tiger. But in this case the ferocious hungry tiger cannot be tamed. Lulu can never sleep soundly on the small life boat and the ferocious tiger ('Richard Parker') is ever ready to pounce on her.

[/quote]


But at tis moment, LULU the orang utan is herding the "Gennevah Farkers" very well by throwing all that have brains overboard, and training the zombies to heel by tapping the spot she wants them to go and put a piece of bullshit there (dl the movie, cool, )

Hahaha, if ah teck and lulu make babies, their children will be God of Con!!!

https://www.youtube.com/watch?v=4Lfe-yKNgWY

First law of con must be thick face, cheat girls and cheat uncle aunty also the same, can tell worlds biggest lie without flinching even when the whole thing is out in the open..at least ppl still give you a benefit of doubt, but if you show the slightest fear finish lar, remember, dogs only chase those that run, your papa taught u well lulu!!!