how do they keep everyone so quiet and not bising bising on fb page...

when they telan RM100k? .... those ppl really ahh... lost gold + money and still got more money to lose....

From Raj Sami to Ez Dola to Brite Alvin.

Can't this Raj Sami stick to his original ID?

Check out his profile pic even. A smiley face with $ for its eyes? What's he playing at?

From the updates so far on GMS, its almost as if the directors were using GMS to dupe their customers into footing the legal bill for their own defense (as in the directors lol).

It is indeed a scam within a scam within a scam.

Doesn't the GMS Admin (Pat Lu) know when to stop duping?

Has she no shame in perpetually scamming these poor old folks?

Does she not believe in the law of karma?

Why can't she be honest and upfront with the poor victims and tell them truthfully that ALL their previous "prominent" lawyers have said they have no case?

Why can't she tell them that the present incompetent lawyer is also of a similar train of thought?

Why is she afraid of revealing who Dee Casey and the said incompetent lawyer are?

Why can't she return the scanned copies of the police reports since the only use was to protect the company?

Why can't she be transparent in telling them how much they have collected, and that their hard earned cash will be returned?

Why does she give them false hope to protect the directors?

Why can't she honestly tell them that there is no HelpDesk? It is only a handphone number.

Why can't she honestly tell the victims that Gold beam greedily charged for rental?

Why is she behaving like a typical Barisan Nasional greedy incompetent sycophant?

Why does she exhibit Barisan Nasional tendencies to fool the uninformed and lead through a series of lies, propaganda and censorship?

Why doesn't she have the courage to put up her hand and say, "Yes, I effed up. I'm sorry?"

Why can't she truthfully tell us that she is paid to dupe, stall, stave and protect the directors at all collateral costs (old victims)?

The good news is that only 3% of the victims have been scammed.

The bad news is that GMS Admin will continue to stall to dupe the other 97% to send in more money.

Need help here ! anybody knows any news regarding the fraud gold scheme from amazing yield / preferred credential ?

The principal company asset had been dispose of and investors who summit their claim manage to recover some money.

dont know those people vote for bn or pr this GE, lol

the funny thing is.. sometiems dignity/face is appraised higher than the rm100k loss..

Actually Geneva still active?

Judge says Genneva is the real deal !
http://thestar.com.my/news/story.asp?file=...4024&sec=nation

KUALA LUMPUR: The three Genneva Sdn Bhd directors and a former director charged with 224 charges of money-laundering and five charges of illegal deposit-taking involving more than RM141mil were acquitted and discharged by a Sessions Court here.

Judge Rozana Ali Yusof made the decision Thursday after the defence succeeded in establishing doubt in the case against Datuk Ng Poh Weng, Datuk Marcus Yee Yuen Seng, Datuk Chin Wai Leong and former director Liew Chee Wah.

Judge Rozana said Genneva was not doing illegal deposit taking but doing genuine gold trading

...

This post has been edited by xfrenzy: May 16 2013, 01:52 PM

so genneva can go back to business? i think my UT more like ponzi business. 3-4months generating 12% return, Ponzi?

This post has been edited by ben3003: May 16 2013, 01:55 PM

GENNEVA REAL DEAL? wow..
im.. speechless. this must be one of the worst court decision in malaysia history..on par with the conviction of anwar.

Something is fishy here. Not that I want to imply anything here, but I wonder if there was a background check down to ensure that the judge and the prosecutors are not involved in the case somehow.

the question is, can Genneva continue with their business? if they can, how long can it last?

OMG... OMG... I'm back now after I saw the court ruling. I'm shocked.

Gold dropped so much le... whats left for them?

and i thought only the cabinet and EC needs to be replaced... seems like even our judges too...

sigh. what has Malaysia become?

The charge was for money laundering and deposit taking. Of course, acquitted. They were not charged for running a ponzi.

Star

Genneva: Judge says gold trading genuine; directors acquitted
By MAIZATUL NAZLINA

KUALA LUMPUR: The three Genneva Sdn Bhd directors and a former director charged with 224 charges of money-laundering and five charges of illegal deposit-taking involving more than RM141mil were acquitted and discharged by a Sessions Court here.

Judge Rozana Ali Yusof made the decision Thursday after the defence succeeded in establishing doubt in the case against Datuk Ng Poh Weng, Datuk Marcus Yee Yuen Seng, Datuk Chin Wai Leong and former director Liew Chee Wah.

Judge Rozana said Genneva was not doing illegal deposit taking but doing genuine gold trading.

She said the buy-back concept was found to be nothing but a marketing strategy employed by the company to assure the buyer that the gold bars were of genuine gold.

"That is why Genneva is willing to buy back the gold," she said when delivering her judgement on Thursday.

Ng faces 93 charges of money-laundering, Yee and Chin faces 40 charges and 61 charges respectively and former Liew faces 30 counts.

They were said to have committed the offences between July 2008 and June 2009 and were charged under Section 4 of the Anti-Money Laundering Act.

Ng, 63, Yee, 61, Chin, 37, and Liew, 59, were also each accused of accepting deposits from the public in their capacity as directors without a valid licence at Jalan Kuchai Lama here between November 2008 and July 2009.

The company was charged with accepting deposits from the public without a valid licence at the same time and place.

To this charge, the four and the company were charged under the Banking and Financial Institutions Act.

Counsel Mohamed Haniff Khatri Abdulla and K. Selva Kumaran acted for Ng, Yee and Chin and Keppy Wong for Liew.

The deputy public prosecutors from BNM were Alvin Ong and Mardziatun Nisa Ahamadul Kabir.

The prosecution had applied for a stay and the gold and money to be frozen pending appeal.

The hearing of the stay has been fixed for Friday.

give over 50% interest is genuine???


like this I am going to invest all my money in from ah long and just sit back and relax