WTF!! I thought Dee Casey said that there was NO need for any financial contribution for the JR. Why are they now asking RM100 from the victims. Haven't the victims suffered enough having lost all their life savings??

This is a SCAM!! Who is behind this?? Someone should report it to the police.

This post has been edited by Akonn: Feb 5 2013, 10:07 AM

If there's any further proof needed to show that Dee is just talking out of his arse, it would be his latest argument with Cricket, who raised some very valid questions.

Since Dee refrained from answering, I'll take a stab at them.

1. If the JR is successful (yeah, right), the gold and money goes straight back to Genneva. There's no reason for it to go directly back to the customers. After all, your JR is filed on the basis of Genneva having done no wrong and not the customers being innocent victims. This is something that is explicitly stated on your police report template - you believe Genneva has done no wrong. If the judge concurs *cough*, than Genneva gets everything back.

READ before you file your report next time.

Edit:
2. Actually, no. If Genneva is charged with committing a crime, than BNM doesn't have the right to disburse anything. It will be done by a court-appointed trustee.

3. Nope. See 2.


Forfeited? No, BNM and the govt has no right to do that. Victims will be entitled to file for a claim on whatever assets are left (however little that might be). So yes, there IS a half way house...err, half is overstating it though. Based on the figures released so far, I think you have a pondok somewhere off the beaten track...

This post has been edited by arubin: Feb 5 2013, 12:39 PM

Well deciphered, Arubin.

The best way for the customers to retrieve their money/gold is to make a police report against GMSB and to file a 3rd party claim.

Dee Casey works for the Directors and is possibly getting a commission from the lawyers who will be filing the JR. More numbers filing for JR=more $. A futile exercise in filing the JR. The lawyers and Dee make the dosh, and GMSB is conveniently detracted from any claims.

I find it terribly odd that the customers don't see through this conniving act by Dee Casey and do the smart thing by employing their own lawyers and making police reports against GMSB.

Bestino customers did it and are on the right track to retrieve whatever they can salvage.

Who is behind the scam really think the gen-zombies are like polar bears? Heard this motivational story i download from chanfong.com, be warned, it pretty gross especially if you like polar bear, but good to remind us to be neither like polar bears or gen-zombies, STOP LICKING!!!


Have you ever heard the story of the Polar Bears? In North Pole, the polar bears hardly have any enemies. But the witty Eskimos could catch the polar bears as easy as blowing the dusts. How do the Eskimos catch the polar bears? This is what we call the wisdom given by God to the human beings.
They kill a seal and drain the blood into a bucket and stab a dagger in the middle of the blood pool that freezes immediately because of the cold temperature. The dagger is stuck in the middle of the bloody bucket which by this time looks like a super size popsicle. Then they dump the popsicle on the icy ground.
The Polar bear has one characteristic: He loves the blood so much that he would die for it. He also has a very sensitive nose, he can smell the blood from miles away. By this time he can smell the bloody popsicle on the icy ground. Then he would hurry up looking for the food. He would then begin to lick the bloody popsicle. Minutes later, his tongue would become numb, but he would not give up the tasty food. All of a sudden, the bloody popsicle tastes better than before. It is because there comes fresh and warm blood. Moreover, the more he licks, the more enthusiastic he becomes, because the taste gets better and better, What happens is that he is licking his own blood. In actuality, by certain time he licks to the middle of the popsicle. The sharp edged dagger cuts his tongue that gashes out a lot of blood. By that time his tongue is long numb, he loses all the sensations but his nose is very sensitive to the fresh blood, which keeps on coming. The end result of this intensive licking brings about a deeper cut to the tongue, which brings more loss of blood. He swallows down all his own blood into his stomach.
Finally, the Polar Bear loses too much blood; he faints and falls onto the ground. The Eskimos then walk to the ground within minutes. They can easily capture the Polar Bear.
In our lives, in the process of pursuing happiness and ideal situation, we may be like the polar bear if we keep a wrong goal and attitude.

A Fat Cat named Pat, sigh......

The Hypocritical Cat
Tibet

In long-past times there was a chieftain of a company of mice who had a retinue of five hundred mice. And there was also a cat named Agnija. In his youth he had been wont to kill all the mice in the neighborhood of his dwelling place. But afterward, when he had grown old, and no longer had the power of catching mice, he thought, "In former times, when I was young, I was able to catch mice by force. But now that I can do so no more, I must use some trick in order to make a meal off them." So he began to watch the mice by stealth. By means of such watching he found out that there were five hundred mice in the troop.

At a spot not far distant from the mouse hole, he took to performing fictitious acts of penance, and the mice, as they ran to and fro, saw him standing there with pious mien. So they cried out to him from a distance, "Uncle, what are you doing?"

The cat replied, "As in my youth I have perpetrated many vicious actions, I am now doing penance in order to make up for them."

The mice fancied that he had given up his sinful life, and there grew up within them confidence nourished by faith.

Now as they returned into their hole every day after making their rounds, the cat always seized on and devoured the mouse which came last. Seeing that the troop was constantly dwindling, the chief thought, "There must be some cause for the fact that my mice are diminishing in number, and this cat is thriving apace."

So he began t observe the cat closely. And when he saw that the cat was fat and well covered with hair, he thought, "There is no doubt that this cat has killed the mice. Therefore must I bring the matter to the light of day."

Now as he kept careful watch from a hiding place, he saw how the cat ate up the mouse which went last. Then from afar off he pronounced this verse:

As the uncle's body waxes bigger,
but my troop on the contrary becomes smaller,
and as he who eats roots and berries
will not become fat and well covered with hair,
this is not a genuine penance,
but one performed only for the sake of gain.
Because the number of the mice diminished,
have you, O Agnija, thrived.

Received many feedback that Pat Lulu is guilty of verbal abuse on her clients - she shouts, yells, screams at them and even used profanities and 4 letter words. She does this even to senior old folks who refused to follow her dictatorial orders. This kretek chewing female gangster surely must be sacked for verbally and mentally abusing her customers and causing a tremendous rift among consultants.

(Sister Enda will shudder if she knows what a MONSTER the Assunta Alumni President is really like.)

This post has been edited by Akonn: Feb 6 2013, 09:37 AM

Burnnut Piscine (Pissing) Luuuuu......

LOL @ the end of KE Goh's long-winded article on GMS.


Ehehe...some admin was careless with the copy paste...

so lulu is losing grip? or she is faking it

GMS admin sure are vicious cowards.

Looks like Cricket Lighter also gone liau... poor fella. All because he was calling out Dee Casey on his bullshit... Anyone still got a screenshot of the deleted post to put up to the victim's or disgruntled facebooks?

I gotta admire Cricket's perseverance, being the voice of reason there for so long without being banned. Far as I can tell, he was never once rude nor was he there to gloat. He merely offered alternative views or posed difficult questions that DC and GMS admins find difficult to answer. They couldn't handle him (her?) so they just banned outright. Truly cowardly.

He was very rude to my alter ego !!!

Haha, he was? Maybe he needed to say something in support of GMS occasionally in order to stay in favor and not be banned? I dunno lol.

Denial Of Fraud and Cognitive Dissonance - by Mark Koltko Rivera
(Researcher, Scholar in Psychology)

A Ponzi scheme involves a financial scam in which early investors in a fake investment fund are promised—and often achieve, at first—immense returns on their investments. In reality, the fund’s returns are provided, not by the fund’s actual investment results, but by later investor’s contributions to the fund. (This is also called a pyramid scheme, because the lucky few at the early enrolled top of the pyramid of investors are paid by the many later investors ‘below’ them in the pyramid.) Such schemes can collapse when unforeseen circumstances either cause a shortage of new investors, or investors start pulling their money from the fund, as happened when the financial meltdown of 2008 tripped up the Madoff scam, the largest Ponzi scheme yet revealed. Ponzi schemes are named after Charles Ponzi (pictured, in a 1910 mugshot), whose version of the scheme was the first to become known throughout the United States.



The New York Times of Friday, March 12, 2010 ran an article by Floyd Norris, who points out that some financial scheme victims refuse to believe that they have been scammed, even after government authorities have revealed the scheme in all its sordid detail. As Mr. Norris relates, when the U.S. government tried to compensate the victims of the original Ponzi scheme, it ran into a problem with some of the victims:



To get the money, the victims had to turn over the notes [i.e., financial certificates] they had received from Ponzi. But many of them refused to do so when the cash was offered in 1931.



Those who refused, wrote Donald Dunn …, were “holding onto the belief that Ponzi somehow would yet make good on his promise of 50 percent interest.” …



That was probably not the first, and certainly not the last, example of what might be called “buyer’s denial.” It is the belief that somehow a fraud was not what it seemed to be, and that there was still a way to avoid losing the money the victim had foolishly invested.



In our day, as Mr. Norris points out, a similar drama is being played out with the victims of another scam. As he describes it, CMKM Diamonds illegally issued bilions of shares of stock that were, in reality, backed up by less than $500 dollars in real assets. Since this stock scam (not a Ponzi scheme) was revealed, a group of victims has banded together to sue for about $4 trillion. However, they are suing officials, not of CMKM, but of the U.S. government, alleging that government agents manipulated CMKM as part of a sting operation that left honest corporate officials and their investors twisting in the wind.



The reactions of these CMKM investors and some of the original Ponzi investors are examples, not just of denial, but of cognitive dissonance. Widely known to students of social psychology, cognitive dissonance is a phenomenon in which people are observed to undertake various mental gyrations to reconcile dissonant, ultimately unreconcilable thoughts. For example, a well-to-do person might think that she or he is a good, generous person, and yet refuses to donate money or food to a begging person on the street. How to reconcile the cognitive dissonance? Perceive the beggar as evil, lazy, or otherwise unworthy of help.



The scammed investors mentioned in Mr. Norris’ article are faced with a pair of contradictory self-oriented cognitions:

1.“I am a bright, prosperous person who makes good investment decisions.”
2.“I am being told that I’ve been taken in by a scam artist who has robbed me of a ton of money.”



Dissonant cognitions indeed! Apparently, for some victims, the response is denial: “I was not scammed at all!” Then, in the 1930s: “Ponzi will deliver.” Today: “It is all really the government’s fault that CMKM failed.” (Indeed, one of the academic experts interviewed for the Norris article describes these cognitive dynamics in terms very much like those of cognitive dissonance.)



A cognitive dissonance perspective may help civil officials understand resistant, “in denial” victims of scams. Of course, one research question would be, who do some victims exhibit what Norris calls buyer’s denial, and others do not?



Scams like this, on the one hand, are in the domain of microeconomics, investment, finance, and economic forensics. On the other hand, the emergence of cognitive dissonance in the behavior of some scam victims demonstrates a favorite point of mine, discussed in an earlier post: “Everything is Psychology.”

Artilcle in NY Times by Floyd Norris 12/3/10 : Dealing With Fraud By Denial : http://dealbook.nytimes.com/2010/03/12/nor...raud-by-denial/

That's a very interesting link you provided. It references a fairly recent fraud case in the US called CMKM Diamonds.

http://www.examiner.com/article/cmkm-diamo...dn-t-hear-about

I just stumbled on another ponzi scheme last year called Zeek Rewards, involving USD600 million.

Apparently, Genneva is not the first ponzi scheme where the victims experience cognitive dissonance. There were still people who supported the company despite all its misdeeds being exposed.

http://www.ibtimes.com/zeekrewards-support...receiver-754040


Oho...where have we read all that before?

oo ooo ooOOH me KNEW ME KNEWWW!! ME SAY FERST ME THINK GEMMEH...Uuuh...arg....GEMMEHWAH!!
ME CLAP!!

Edited: read on the comment section and realised that the news is fake.

Saw on facebook that one of the consultant or owner or investor ( sorry coz google translate failed ) was murdered while bringing his wife and kids to shop for CNY.



This post has been edited by pgkia8: Feb 7 2013, 07:01 PM

denial and deeply delusive.
now every story in the internet or anywhere is related to Genneva
HSBC money laundering (bank also haram what)
if PR wins election (it's because of Genneva's votes)
MAS & Proton unsustainable
BN Gov
PR Gov
A snake who protected 2 puppies in the well
What Johnny Depp says.
God
Karma
Jean Louis Jayaraj, 66, the owner of Priyamas Export Corporation Sdn Bhd