BREAKING: Hitler (Fuhrer Lu) loses his top over Police Reports:

http://www.youtube.com/watch?feature=playe...d&v=WQxD6MBWwqs



Please watch this Youtube Video. HILARIOUS!!

Genneva was following Tun's methods of redefining "Blue Ocean" ahahaha.

A myriad of devious reasons they are keeping quiet :

1. The JR is off
2. JR consent forms were signed and police reports were lodged because of their continuous coercion and threats (including abandonment).
3. The RM100K should be legally reimbursed but Dee wants the $ for her and cronies
4. They want to keep up a charade to the sheep that everything is according to the JR Plan
5. The real reasons for initiating the "JR" was to dupe the sheep to :
a) Lodge police reports and stave blame from the company
b) Enrich Dee Casey and cronies
c) Divert the blame to BNM
d) Deceive the sheep into thinking that the JR was "the only way" and "the best way" to get back their gold and money.
6. Dee,Pat, Shereen, KE are running scared from the authorities for alleged malicious fraud
7. Dee & Pat are continuing to deceive the sheep by outsourcing their evil deeds to the clueless Help Desk people
8. Dee & Pat have accomplished all that they wanted and were allegedly well paid by GMSB to dupe, deceive, stall, protect the directors.
9. Dee & Pat have doctored it so that the Help Desk people get the blame while they close down the page
10. All consultants are allegedly being investigated for taxation and illegal commission

That was for their first company Genneva Sdn Bhd. Now the case is against their 2nd company Genneva Malaysia Sdn Bhd

Any Genneva gold found to be fakes? 
Someone offered to sell to me and since I'm not a gold bug, I let it pass.
Don't ask me the price he offered too 'coz I brushed him off before he had the chance.

Bro, correct me if I'm wrong.

Gold & silver traders back out there are buying back gold bullions and coins at apprx 20% discount. So whether selling at 20% higher or buying back at 20% lower is still 20% profit margin for these institutions. No?

And of course, hibah maybe the enticing factor. However, 19% (calculated in earlier comment) annual return recoup your earlier 20% higher purchase value. Well not exactly recoup but better than nothing and compare to other precious metal sellers which straight forward buying and selling bullions and coins.

Genneva also give option to sell to 3rd party meaning if price of gold rises above the original purchase price. Selling back to Genneva is stupid investing if gold hit USD3000/oz compare to selling at original purchase price of USD1900/oz. (for example)

So the idea that Genneva is a con BCOZ gold prices drop is kinda wrong isn't it? Genneva has no control of the international gold price market. Investment is a risk and hibah is just a incentive compare to other metal traders. 

Moreso, BNM accusation on violation of banking rule is ONLY on the hibah part, which is subjective by the way.
BNM perspective is that members are the lenders while holding the gold as collateral while receiving interest rate of lending (hibah). The difference is "lenders" can sell to 3rd party if gold price is higher than original purchased price (principal amount).

Imagine your bank sell your house, where you put as collateral for a loan because the house increased in price, even though you pay your monthly installment regularly. Banks cannot do that. In Genneva's case, members are allowed, hence the gold BELONGS to the members and NOT a collateral. Thus, no violation of any banking rules.

Money laundering and other prosecutions are to slap mud in Genneva's name as far as I'm concern.

So if BNM didn't raid Genneva, members will keep receiving the hibah and trade their gold according to market value.

U think there will be ppl desperate enuf to sell their Genneva gold at bottom price?
Gold is still gold right ?