With a 3% monthly returns, now everyone can invest. They are performing better than Warren Buffet or George Soros.... no sh*t!!

Guys, the following is a serious proposal. Please PM me if you are interested

I will be starting a gold trading company based on Genneva model. As it is already proven by the court, the issue of illegality is out of the question. (Please refer to Judge Rozana's ruling in The Star)

I know there have been at least two other proposals above but this is without doubt the bluest of the blue ocean strategies adopted.

1. Name of company : SUISSE Gold Sdn Bhd
2. Paid up capital : RM300,000.00
3. No of shareholders : 3, each contribute RM100k
4. Expected time of operation : July 2013
5. Office : In Kuchai Lama or somewhere around there to cater to the convenience of Genneva's gold buyers

Business model

1. Selling physical gold
2. Guaranteed returned (verbal only) of 1.5%-3% pm depending on size of purchase
3. S&P Contract renewal every 3 months at prevailing rate
4. Customers purchasing RM5 million and above of gold gets a free sponsored trip to Switzerland.

Those who are interested to be the shareholder and director of this new company kindly please PM me. I will only take in 2 shareholders. So first come first serve basis.

Again, it is a lucrative business. Not a ponzi scheme as validated by the Malaysian court. Shareholders are in for a obscene return in 3 years time as proven by Genneva. We are talking about hundreds of million here. Be quick !!

Cheers and have a blessed GOLDEN day !!

Much love and God Bless,
Chief Imagination Officer,
Suisse Gold Sdn. Bhd.

Absolutely no idea what's going on. All I can speculate is that there's a BIG TUSSLE between GBeam with Joseph Kow heading and he has a number of consultants supporting him like Shanti, Agustine Kow etc. On the opposite side is Lim Kah Keng, GM of GMSB who openly declared that GMSB has quit GBeam and advise consultants to follow suit. This may stem from a rumour flying round that Genneva will operating again soon which I doubt very much UNLESS it's a version 3 (potential suckers are advised to stay away as far as possible from these ponzi scammers). The version 3 is now called Genneva Gold (M) Sdn Bhd. These scammers still wants to continue with this lucrative scam and sucker in more victims. It also appears that we may have two new goldcos in the making.

This post has been edited by Akonn: Jul 12 2013, 11:51 PM

Six Genneva directors slapped with over 900 money laundering charges

BY M.MAGESWARI AND MAIZATUL NAZLINA

KUALA LUMPUR: Six directors from gold traders Genneva Malaysia Sdn Bhd have been slapped with over 900 charges of money laundering involving RM5.5bil and 35,000 depositors in the Sessions Court here.

Genneva Malaysia Sdn Bhd directors Datuk Philip Lim Jit Meng and Datuk Tan Liang Keat faced 246 and 226 counts of money laundering respectively; business advisers Datuk Ng Poh Weng (155), Datuk Marcus Yee Yuean Seng (17), Datuk Chin Wai Leong (23), and general manager Lim Kah Heng (16).

All six claimed trial to the charges.

The company itself, Genneva Malaysia Sdn Bhd, faced 222 counts of money laundering and Success Attitude Sdn Bhd, eight counts.

Four of them, Philip Lim, Tan, Lim Hah Heng and Ng, were also charged with two counts each of accepting deposits without a valid licence via a scheme involving gold transactions under the Banking and Financial institutions Act 1989.

Earlier, Philip Lim and Tan pleaded not guilty at another Sessions Court to making a false statement in an advertisement on the company's website, saying its gold trading was in accordance with Islamic law.

Genneva Malaysia Sdn Bhd also faced a similar charge.

The case has been set for mention on Oct 28 and the two were granted bail of RM20,000 each.


TMI:
Genneva ex-bosses slapped with 923 charges on illegal gold trading involving RM5.5 billion

BY JENNIFER GOMEZ

SEPTEMBER 26, 2013
Six former senior officials of gold trading company Genneva (Malaysia) Sdn Bhd were slapped with 913 money-laundering and 10 illegal deposit-taking charges involving RM5.5 billion at the Jalan Duta Sessions Court today.

Four of them, former directors Datuk Philip Lim Jit Meng and Datuk Tan Liang Keat, general manager Lim Kah Heng and advisor Datuk Ng Poh Weng, who charged with both offences, were granted bail of RM1.1 million each.

Two others, advisors Marcus Yee Yuean Seng and Chin Wai Leong, who faced money-laundering charges, were allowed bail of RM100,000 each.

In a different court, Genneva the company, Tan and Philip Lim, were charged with putting up false advertisements that their business was syariah-compliant. The money-laundering offences were allegedly committed between January 10, 2011 and October 1, 2012.

The six claimed trial to all the charges before Sessions judge Mat Ghani Abdullah. The prosecution was led by Dzulkifli Ahmad who was assisted by Bank Negara Malaysia prosecuting officer Alvin Ong.

Previously, Ng, Yee and Chin faced over 200 charges of money laundering involving more than RM140 million but were acquitted after the court held that the three, who were former directors of another company called Genneva Sdn Bhd, were engaged in a genuine gold trading business. Genneva Sdn Bhd was raided by Bank Negara in July 2009 for allegedly running a dubious gold trading scheme.

In October last year, the Bank Negara also raided Genneva Malaysia Sdn Bhd and its affiliates.

Bank Negara froze Genneva Malaysia’s accounts, cheques and other assets worth RM99.8 million besides seizing 126kg in gold bullion on suspicion that the company had violated various banking and financial laws which included taking deposits without giving gold in return, money laundering, evading taxes, appointing agents without licence, failing to file statutory documents, and misrepresenting itself as an investment firm and giving false descriptions on its business after several people lodged complaints with the police.

Last December, nine investors sued Genneva Malaysia and four of its directors — named as Tengku Muhaini Sultan Ahmad Shah, Philip Lim Jit Meng, Ahmad Khairuddin Ilias and Tan Lian Keng — to get back over RM2 million in investments. They claimed the firm had carried out fraud and misrepresented the scheme as compliant with syariah law. – September 27, 2013.

Malay Mail:

Ex-Genneva bosses charged over illegal gold scheme worth more than RM5b

BY BOO SU-LYNSEPTEMBER 27, 2013

KUALA LUMPUR, Sept 27 — Six former senior staff from Genneva Malaysia Sdn Bhd were charged in the Sessions Court here today with illegal deposit-taking involving RM5.5 billion and faced over 900 counts of money-laundering.

Former directors of the gold trading firm - Datuk Philip Lim Jit Meng and Datuk Tan Liang Keat - were charged with 246 and 226 counts of money-laundering respectively; while business advisers Ng Poh Weng faced 157 counts; Datuk Marcus Yee Yuean Seng, 17; Datuk Chin Wai Leong, 23; and general manager Datuk Lim Kah Heng, 16, according to news portal The Star Online today.

The alleged money-laundering offences are said to have been committed between January 10, 2011 and October 1, 2012.

The six claimed trial to the charges.

Two companies - Genneva Malaysia and Success Attitude Sdn Bhd - were also hit with 222 and eight counts of money-laundering.

Philip Lim, Tan, Lim Hah Heng and Ng were also charged with accepting deposits without a valid license through a scheme that involves gold transactions, under the Banking and Financial Institutions Act 1989.

Philip Lim and Tan, however, pleaded not guilty at another Sessions Court here earlier today to making false statements on an advertisement on Genneva's website, by saying that its gold trading was in line with Islamic law.

Genneva Malaysia was also hit with a similar charge.

The case has been set for mention on October 28.

The Sessions Court acquitted last May Genneva Sdn Bhd directors Ng, Datuk Marcus Yee Yuen Seng, Datuk Chin Wai Leong, and former director Liew Chee Wah of money-laundering and illegal deposit-taking charges, ruling that they had carried out a genuine gold trading business.

Bank Negara Malaysia (BNM) said in response that it would appeal against the ruling, saying that investigations against Genneva had been taken after the bank received complaints from the public.

BNM also noted that Genneva Sdn Bhd and Genneva Malaysia Sdn Bhd are separate entities.

The central bank raided Genneva four years ago over a dubious gold trading scheme. Genneva Malaysia and its affiliates were similarly raided last October.

BNM had frozen Genneva Malaysia's cheques, accounts and other assets worth RM99.8 million in cash, as well as seizing 126kg in gold bullion, based on suspicions that the company had broken several banking and financial laws, such as money-laundering, taking deposits without giving gold in return, appointing agents without license, evading taxes, failing to file statutory documents, giving false descriptions on its business, and misrepresenting itself as an investment firm.

Last December, nine investors sued Genneva Malaysia and four of its directors - Tengku Muhaini Sultan Ahmad Shah, Philip Lim Jit Meng, Ahmad Khairuddin Ilias and Tan Lian Keng - in an attempt to recover RM2 million in investments.

They claimed that the company had committed fraud and misrepresented the gold scheme as complying with syariah law.

Malaysia does not regulate the gold trading business.

Would u have any idea or details about the forex scam.. I need some confirmation though. Anyone??

This post has been edited by Akonn: Feb 3 2014, 09:28 AM

Just got this from a close friend, the case was under investigation and attempts to recover seized assets was absolutely NOT possible. Now the story gets worse as the seized assets are now directly under the control and purview of AG's chambers. There's also a high possibility that the Directors will be found guilty and that all monies and gold seized will be forfeited and go to the coffers of the Government. All investors who paid up the RM50 must demand back their money that was fraudulently coerced from them. I strongly feel that all affected customers should make a police report against Genneva and scammers for fraudulent lies and misrepresentation and perhaps proceed with winding up petition against the company, and stake a claim for our gold and monies as “unsecured creditors”. A police report is fundamental when staking a claim later on. However do consult your lawyers on this matter.



This post has been edited by Akonn: Feb 3 2014, 09:30 AM

StockInvestor: Thank you for your insightful feedback. I totally agree that the whole proposal smacks of fraud and frankly I have discouraged my friend from even meeting, negotiating or hold counsel with either the 'Helpdesk Crew' or the so-called lawyers. I have instead advise him and other affected customers to seek their own lawyers or the Legal Aid Bureau either individually or in groups.

I also agree that reports should be made to PDRM, Commercial Crimes Division, the Malaysian Bar Council, Bank Negara Malaysia, MACC, AG Chambers, Securities Commission, Lawyers for Liberty and other related authorities.

If any senior consultants, consultants, GMS people from Helpdesk, etc approaches you or tries to solicit more money from you, please take down their names and details for future police report and legal action.

This post has been edited by Akonn: Feb 3 2014, 09:31 AM

["then i ask which law firm which lawyer, i want to check he/she is registered and licensed with the Law Society Malaysia or not 1st as such
he provided me this page http://gms101.wordpress.com/2013/10/09/law...r-participants/"
~ Debbierowe]
----------------------------------------------------------------------------------------------------------------------------
I think there's some serious concerns here particularly about the latest development and the decision by Pat Lulu/Dee Casey's move to 'Heed the lawyer’s advice, the JR team is agreeable to proceed to act accordingly.'

Concerns raised:

1. Who gave the consent to heed the lawyer's advice and proceed?? The RM50 collected was solely intended for a JR as promised and monies collected should be rightfully returned as the attempt at JR was an absolute failure!!

2. Monies collected. Remember that 2000 X RM50 = RM100,000.00. That's a lot of money. Are there proper accounts for this fund collected. Insist that a proper audited statement be produced.

3. Was a meeting convened among the 2000 investors who contributed to obtain their consent? If so, where are the minutes of the meeting?

4. Identity of both Dee Casey and the Lawyers involved. So far both their identities have been kept a secret.. Why?? If I hire a lawyer or if some bogus quack gives wishy washy legal advice, I surely would want to know their identities. Were their identities undisclosed to avoid legal action from another fraudulent exercise to prey on the uneducated and vulnerable??

5. Who comprises the 'JR Team'. Is it a group of senior consultants or just one moronic sr consultant only?? Investors who have contributed to the fraudulent fund have the right to know who are in the JR Team.

6. Helpdesk Crew. Do they still exist?? Show us the proof. Who makes up this team?? Are they a legal identity to collect monies and make decisions that involves the interests of 2000 investors?? Was a meeting ever convened among the Helpdesk Team? If so where are the minutes of the meeting. As far as I know, they set up some clueless/fraudulent counseling in the office of GBEAM with the intention of persuading people to pay up RM50. Now even GBEAM is defunct and non-existent.

I hope investors will be extremely cautious when dealing with this bogus crew. They throw names and groups such as Dee Casey, Savana Sim, the Lawyers, Helpdesk Crew, JR Team all of which are monikers, while others are nameless, faceless ghosts and non existent phantoms and expect investors to cough up cash and make critical and crucial decisions concerning the investors' interests. BEWARE!!

This post has been edited by Akonn: Oct 12 2013, 08:54 AM

mcc@rmp.gov.my

Thanks for the information, contact MCCONLINEUNIT@mail2Malaysia.com and forward them all details, they are in the right position to act promptly and immediately arrest the suspect.

Terima Kasih.

Pusat Kawalan Malaysia (MCC)
Cawangan Gerakan JKDNKA
Ibu Pejabat Polis Bukit Aman

TEL: 03-2266 3444
FAKS: 03-26917070
EMEL: mcc@rmp.gov.my

This post has been edited by Akonn: Feb 3 2014, 09:03 AM

The email of Bank Negara to report is: Email: bnmtelelink@bnm.gov.my

Full Details:

BNMTELELINK (Call Centre)

Tel.: 1-300-88-5465 (1-300-88-LINK)
Fax: 03-2174 1515
SMS to 15888: BNM TANYA [your report / query]
Email: bnmtelelink@bnm.gov.my

Operating Hours: 9.00 a.m. - 5.00 p.m. (Monday - Friday)
BNMLINK (Walk-in Centre)

Ground Floor, D Block,
Bank Negara Malaysia,
Jalan Dato' Onn
50480 Kuala Lumpur

Thank you. Let's do it!

This post has been edited by Akonn: Feb 3 2014, 09:04 AM

Royal Gold is on the BNM Consumer Alert List and an absolute NO NO for any investment consideration. So don't even think about it, just stay away. They say that their team have investigated and that it has a similar format as Genneva meaning it is a ponzi scam.

This post has been edited by Akonn: Feb 3 2014, 09:05 AM