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 Boss Venture

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Showtime747
post Apr 23 2014, 03:41 PM

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QUOTE(Azurika @ Apr 23 2014, 03:37 PM)
Well, I did tell them it is listed under black list  wink.gif
They call or not is another story, some paid up, some didnt.
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Why would you still accept recruitment knowing the company will fold very soon ? That would seriously damage your own reputation later. Is money more important than your long term reputation ?
Azurika
post Apr 23 2014, 03:50 PM

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QUOTE(Showtime747 @ Apr 23 2014, 03:41 PM)
Why would you still accept recruitment knowing the company will fold very soon ? That would seriously damage your own reputation later. Is money more important than your long term reputation ?
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Personally, I have reasons that company will not fold yet. And my team would have obtain their money before anything happens. We have a formula to at least get ROI in the shortest time tongue.gif
And my reputation is only tainted IF I didnt not warn you of all these possibilities. I warn you of the risk, is up to you to take it or not. Is like going for a surgery with 50/50 chance. The doctor already warn you of possible death, and you still take the chance, the family going to blame the doctor ? Its only a problem when you force money from people, or leave out information, or worse fake it.
And I do not recruit, people ask me on their own will and ask me to get them in.
Did u know I turn down some of the old aunties which wants to cash in their entire savings ? I told them just go for basic, keep their savings in other location. wink.gif

This post has been edited by Azurika: Apr 23 2014, 03:51 PM
Showtime747
post Apr 23 2014, 04:22 PM

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QUOTE(Azurika @ Apr 23 2014, 03:50 PM)
Personally, I have reasons that company will not fold yet.  And my team would have obtain their money before anything happens. We have a formula to at least get ROI in the shortest time tongue.gif
And my reputation is only tainted IF I didnt not warn you of all these possibilities. I warn you of the risk, is up to you to take it or not. Is like going for a surgery with 50/50 chance. The doctor already warn you of possible death, and you still take the chance, the family going to blame the doctor ? Its only a problem when you force money from people, or leave out information, or worse fake it.
And I do not recruit, people ask me on their own will and ask me to get them in.
Did u know I turn down some of the old aunties which wants to cash in their entire savings ? I told them just go for basic, keep their savings in other location.  wink.gif
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But, the doctor (Bank Negara) has already diagnosed the patient (Boss Venture) is terminally ill. It is just a matter of time the patient will die. You still tell the patient's family got 50-50 chance doh.gif

Friend, have some mercy. Even if people come to you to ask on their own will, you should just tell them there are better opportunity elsewhere

Of course unless you have everything to gain monetarily. Then just tell me you are only after their money, and I will stfu tongue.gif
Azurika
post Apr 23 2014, 04:27 PM

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QUOTE(Showtime747 @ Apr 23 2014, 04:22 PM)
But, the doctor (Bank Negara) has already diagnosed the patient (Boss Venture) is terminally ill. It is just a matter of time the patient will die. You still tell the patient's family got 50-50 chance  doh.gif

Friend, have some mercy. Even if people come to you to ask on their own will, you should just tell them there are better opportunity elsewhere

Of course unless you have everything to gain monetarily. Then just tell me you are only after their money, and I will stfu  tongue.gif
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I have never told them is 50/50 chance ~ thats just an example sweat.gif

Personally I think is a good opportunity , IF you can afford to lose the money you put in. In some sense its like gambling when I explain to the aunties. You put your money in a jackpot and you roll, you risk losing it , or gain some. Next you double it, risking what you have, but chance to grow even more, and the RISK gets HIGHER.

This post has been edited by Azurika: Apr 23 2014, 04:27 PM
Showtime747
post Apr 23 2014, 04:30 PM

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QUOTE(Azurika @ Apr 23 2014, 04:27 PM)
I have never told them is 50/50 chance ~ thats just an example  sweat.gif 

Personally I think is a good opportunity , IF you can afford to lose the money you put in. In some sense its like gambling when I explain to the aunties. You put your money in a jackpot and you roll, you risk losing it , or gain some. Next you double it, risking what you have, but chance to grow even more, and the RISK gets HIGHER.
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Ok lah, obviously you are after their money even though the company has been sentenced to death by Bank Negara

You are no different compare to those famous Genneva gold agents notworthy.gif notworthy.gif
Azurika
post Apr 23 2014, 04:34 PM

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QUOTE(Showtime747 @ Apr 23 2014, 04:30 PM)
Ok lah, obviously you are after their money even though the company has been sentenced to death by Bank Negara

You are no different compare to those famous Genneva gold agents  notworthy.gif  notworthy.gif
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Thanks

We will see who gets the last laugh by end of this year smile.gif
Showtime747
post Apr 23 2014, 04:40 PM

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QUOTE(Azurika @ Apr 23 2014, 04:34 PM)
Thanks

We will see who gets the last laugh by end of this year  smile.gif
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I think Genneva agents said the same thing tongue.gif
Azurika
post Apr 23 2014, 04:46 PM

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QUOTE(Showtime747 @ Apr 23 2014, 04:40 PM)
I think Genneva agents said the same thing  tongue.gif
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I know, in the end thats the truth right ? Im im right, ill be laughing and many will regret doubting the company so much. If im wrong, you will be laughing , and everybody trolling that im a scammer, no ? laugh.gif
Sorry but I have been with 2 pioneer MLM companies, and I have proven both right 2 my clients and friends and Im hoping to see a 3rd tongue.gif

Speaking of Genneva, I was never their agent as 1 of my uncle trades gold from the middle east, hence he told me is impossible for them to pay that rate based on ONLY gold appreciation rate.
Showtime747
post Apr 23 2014, 05:41 PM

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QUOTE(Azurika @ Apr 23 2014, 04:46 PM)
I know, in the end thats the truth right ? Im im right, ill be laughing and many will regret doubting the company so much. If im wrong, you will be laughing , and everybody trolling that im a scammer, no ?  laugh.gif
Sorry but I have been with 2 pioneer MLM companies, and I have proven both right 2 my clients and friends and Im hoping to see a 3rd  tongue.gif

Speaking of Genneva, I was never their agent as 1 of my uncle trades gold from the middle east, hence he told me is impossible for them to pay that rate based on ONLY gold appreciation rate.
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Ya, to you and me, who is right, who is wrong doesn't matter. I don't earn anything from it. I only get entertainment and pass my free time for posting here. For you, you have earned your commission. Maybe a few thousand or tens of thousand a month ? I don't know. Apparently you care less about your reputation so that also doesn't matter.

At the end, even if the company is a scam, it doesn't matter to both of us. Your money in the pocket already. And I got entertained already. Both of us happy.

Whose money at stake ? Your client lor. They believed your words and "invest" in a blacklisted company. Their money matters. But who cares, right ? tongue.gif


Azurika
post Apr 23 2014, 05:43 PM

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QUOTE(Showtime747 @ Apr 23 2014, 05:41 PM)
Ya, to you and me, who is right, who is wrong doesn't matter. I don't earn anything from it. I only get entertainment and pass my free time for posting here. For you, you have earned your commission. Maybe a few thousand or tens of thousand a month ? I don't know. Apparently you care less about your reputation so that also doesn't matter.

At the end, even if the company is a scam, it doesn't matter to both of us. Your money in the pocket already. And I got entertained already. Both of us happy.

Whose money at stake ? Your client lor. They believed your words and "invest" in a blacklisted company. Their money matters. But who cares, right ?  tongue.gif
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Oh I care as I manage some of their other wealth in other investments, and many are my business partners for different ventures wink.gif
Showtime747
post Apr 23 2014, 05:49 PM

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QUOTE(Azurika @ Apr 23 2014, 05:43 PM)
Oh I care as I manage some of their other wealth in other investments, and many are my business partners for different ventures  wink.gif
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Wow, then your reputation is at risk man. When Boss Venture get raided, your client will sure blame you. Even when at that time you clearly explain to them. Think clearly my friend of the consequences. Clients always forget what you told them when they lose money
Azurika
post Apr 23 2014, 05:50 PM

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QUOTE(Showtime747 @ Apr 23 2014, 05:49 PM)
Wow, then your reputation is at risk man. When Boss Venture get raided, your client will sure blame you. Even when at that time you clearly explain to them. Think clearly my friend of the consequences. Clients always forget what you told them when they lose money
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Thanks for the advice wink.gif
But Im sticking to what I chose for my reasons to believe it will still sustain currently.
Showtime747
post Apr 23 2014, 06:01 PM

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QUOTE(Azurika @ Apr 23 2014, 05:50 PM)
Thanks for the advice  wink.gif
But Im sticking to what I chose for my reasons to believe it will still sustain currently.
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If it will sustain, it should be a legitimate business. Then you should get the company to sue Bank Negara for tarnishing the good name of the company. Get the best lawyer. That should do the trick to BNM. If BNM still doesn't budge, make noise in newspaper and online, get all customers and agents to protest in front of bank negara, camp there and make a scene. Until Bank Negara take down the company's name in blacklist.

Taking legal action is what a normal company will do. If the company give excuses and avoid legal actions, then it should have already rung a bell and raised a big red flag to you

Ah....again I think I am wasting my time here. You are the agent and intend to continue earning the commission, so you will shut your mind off to any adverse comment about the company tongue.gif
mansonloo
post Apr 24 2014, 06:21 PM

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QUOTE(Showtime747 @ Apr 23 2014, 06:01 PM)
If it will sustain, it should be a legitimate business. Then you should get the company to sue Bank Negara for tarnishing the good name of the company. Get the best lawyer. That should do the trick to BNM. If BNM still doesn't budge, make noise in newspaper and online, get all customers and agents to protest in front of bank negara, camp there and make a scene. Until Bank Negara take down the company's name in blacklist.

Taking legal action is what a normal company will do. If the company give excuses and avoid legal actions, then it should have already rung a bell and raised a big red flag to you

Ah....again I think I am wasting my time here. You are the agent and intend to continue earning the commission, so you will shut your mind off to any adverse comment about the company  tongue.gif
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It is not easy to take action against BNM. In Geneva's case, hundreds of their agents and customers wanted to sue BNM, but no lawyer dare to take their case. The lawyers just told them, it would be a lost case. This being BNM is somewhat governed by the government and hence, how can someone sue the government within the country's constitution? I'm not attached to Geneva in anyway but I did know the internal news from both Geneva and BNM on this Geneva story.

In a nutshell, this is Malaysia. The grey area does exist here.

This post has been edited by mansonloo: Apr 24 2014, 06:23 PM
Showtime747
post Apr 24 2014, 07:08 PM

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QUOTE(mansonloo @ Apr 24 2014, 06:21 PM)
It is not easy to take action against BNM. In Geneva's case, hundreds of their agents and customers wanted to sue BNM, but no lawyer dare to take their case. The lawyers just told them, it would be a lost case. This being BNM is somewhat governed by the government and hence, how can someone sue the government within the country's constitution? I'm not attached to Geneva in anyway but I did know the internal news from both Geneva and BNM on this Geneva story.

In a nutshell, this is Malaysia. The grey area does exist here.
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The lawyers are absolutely correct. Those in the black list will lose the case even if they go to court. BNM won't simply put a legit company in the list. The fact that Boss Venture don't go the legal route is because "their body got shit".

Those "BNM is government, cannot sue" are just excuses to con potential investors who are uneducated.

Bank Negara warned the "investors" of Genneva and in the end people have been burnt in Genneva case. Now Bank Negara also warned "investors" of Boss Venture. Still no scared ?
mansonloo
post Apr 25 2014, 12:20 AM

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QUOTE(Showtime747 @ Apr 24 2014, 07:08 PM)
Bank Negara warned the "investors" of Genneva and in the end people have been burnt in Genneva case. Now Bank Negara also warned "investors" of Boss Venture. Still no scared ?
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Dont get me wrong, but I'm not defending neither Geneva nor BossVenture.

I believed whichever company is under BNM's watchlist will definitely end up in either of these 2 scenarios; 1. The owners of the company, will pack up and abandon company once they have collected enough "funds", or 2. BNM will step up and close down the company, freezing all assets and what not.

There have been many cases of the latter which the public are unaware of. Geneva made it into the headline only because it was too big and too many was involved, thus, the "need" to publish it as a major headliner news to appease the public.

Anyway, I'll give it few more months before we hear about fate of BossVenture.
Good luck to those involved in it!

This post has been edited by mansonloo: Apr 25 2014, 12:21 AM
mansonloo
post Apr 25 2014, 12:32 AM

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QUOTE(Showtime747 @ Apr 24 2014, 07:08 PM)
Bank Negara warned the "investors" of Genneva and in the end people have been burnt in Genneva case. Now Bank Negara also warned "investors" of Boss Venture. Still no scared ?
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On a sidenote, I would like to add that BNM just added Geneva (M) Sdn Bhd to the watchlist, merely months (I believed it is somewhere between 3-5 months) prior to the raid. And BNM actually raided the same business, called Geneva Sdn Bhd, 3 years ago, on the basis of money laundering. Yes, that's 2 different company NAME but ran by the same management. Geneva (M) S/B started operation a few months after Geneva S/B was raided.

That is exactly why the public were so angered about why BNM didn't do something about Geneva (M) S/B since 3 years ago. Surely BNM knows about its existence then.

And the one you heard in the news about the court hearing, (1 month after Geneva (M) was raided), is actually Geneva S/B. The first one that was raided 3 years ago, not the recent one.

Funny eh?
Showtime747
post Apr 25 2014, 10:01 AM

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QUOTE(mansonloo @ Apr 25 2014, 12:32 AM)
On a sidenote, I would like to add that BNM just added Geneva (M) Sdn Bhd to the watchlist, merely months (I believed it is somewhere between 3-5 months) prior to the raid. And BNM actually raided the same business, called Geneva Sdn Bhd, 3 years ago, on the basis of money laundering. Yes, that's 2 different company NAME but ran by the same management. Geneva (M) S/B started operation a few months after Geneva S/B was raided.

That is exactly why the public were so angered about why BNM didn't do something about Geneva (M) S/B since 3 years ago. Surely BNM knows about its existence then.

And the one you heard in the news about the court hearing, (1 month after Geneva (M) was raided), is actually Geneva S/B. The first one that was raided 3 years ago, not the recent one.

Funny eh?
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Yes, funny to me too.

But I guess those who loss money in Genneva didn't find it funny at all. And the BV customers will not find it funny too when BNM raid the company tongue.gif
mansonloo
post Apr 25 2014, 01:38 PM

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QUOTE(Showtime747 @ Apr 25 2014, 10:01 AM)
Yes, funny to me too.

But I guess those who loss money in Genneva didn't find it funny at all. And the BV customers will not find it funny too when BNM raid the company  tongue.gif
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Yeah! LOL biggrin.gif

The Bosses of BV will definitely pack up soon and cabut!

I've checked their website, they claim to be a company from Samoa Island. But further checks on bossventure.com and bvmalls.com showed that both are registered under Mr. Richard Lim. I assumed he's a Malaysian but setup a company overseas so that he can transfer all the millions into the bank account there, where Malaysian government has no authority to freeze it!

He's already made his getaway batmobile plan even before he started the business! Genius!
chongfl
post Apr 29 2014, 10:36 AM

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QUOTE(rymkk @ Jan 29 2014, 06:22 PM)
I know this is too late to reply on the thread but I found this interesting.

The start up cost is RM825 or USD250 (250x 3.3).  You are paying for the franchise fee to become the company Reseller Licensee not enrollment fee.

How do you make money staying passive?

From the USD250, USD100 is used to buy peek credits that will generate up to 1.5% daily payment known as Daily Sales Incentive.  No sponsoring is necessary to earn from the business because of revenue sharing concept.

The company allocates 20% of its global daily sales from peek credits and physical products from its e-Mall - BVMalls.Com to be shared by their resellers as Daily Sales Incentive.  Now, if they can pay up to 1.5% daily from the 20% allocation, the global daily sales volume must be huge. 

What is peek credit?  It is a discount value that can be used for shopping at the online mall.  Why is it valuable?  Because you cannot shop at the mall without buying peek credits.  You use peek credits to buy things.  Who says it is money game?

Top up here means to buy peek credits so that your Daily Sales Incentive value will increase.  Istead of getting USD1.50 daily, you will get more.  The minimum top up is USD500 and max is USD10,000.  Does get rich quick scheme have max amount?

The USD30 top up is for a reseller to qualify for the earn 3% overriding incentives from their referrals Daily Sales Incentive earnings.

Although the network marketing plan is based on binary system BUT they incorporate 5 x 5 matrix plan to prevent the build up of the so called pyramid system.  That means you can only have a total of 3905 people in your network.  And 5x5 matrix will give you a clear indication of your potential income.  So, this is not a pyramid scheme.

As for Cash Deal Sdn Bhd MSC status I don't think they misused the status at all because the company core activities as per MSC registration are Research, development and commercialization of Digital Neural Application (D.N.A) and e-Mall Solution.

They helped developed BossVenture online mall BVMalls.Com, which is within their core activities.

Will this be another Geneva, American Euro Index, Swiss Cash, Mirza? 

Well, for sure those mentioned above either does not have a license to take deposit from the public or not licensed to manage other people money. 

ONLY licensed commercial banks can take deposits from the public.  And ONLY licensed investment company can invest people money. 

They need license from Bank Negara Malaysia and Security Commissions, which this case those companies DOES NOT have therefore deemed Get RICH Quick Scheme.  That's WHY they are closed down!  Ha ha ha..
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very well said .. I am a member I can validate this is accurate and correct, a lot of other misunderstand the company ... bravo rymkk thumbup.gif

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