fuh, 913 money-laundering and 10 illegal deposit-taking charges involving RM5.5 billion

too bad, I donno if they would get back their money

you're lucky didn't join the scheme, if not

Good for you, too bad for your auntie

I donno if she could get back her money

High profit, easy money & personal greed contribute to the decision to invest

agreed

Gold traders sue Genneva Malaysia, Bank Negara over return of RM146mil

Some 1,065 gold traders are suing gold investment company Genneva Malaysia Sdn Bhd for breach of contract involving RM146mil in gold products and monies owed to them.

They named Bank Negara Malaysia as the co-defendant in the civil suit for ancillary orders to release the gold and monies which were now held as property on trust by the central bank following a raid and seizure at the company in 2012.

Lawyer Yudistra Darma Dorai said his firm has been engaged by Gold Bullion Entrepreneurs Association of Malaysia and others to assist in recovering their losses.

In the statement of claim made available to the media on Friday, the plaintiffs said they entered into three types of agreements with Genneva in 2012 for gold trading.

They said that Genneva Malaysia did not provide the gold products purchased by them and also did not pay the sale price to them causing them to suffer over RM146mil in total losses.

u got invest?