Reporting a Gold MLM scam, Genneva

rockstar90
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Hi eXTaTine,

Have you heard of Genneva Malaysia? It's a buy and sell goldsmith shop offering gold savings plan where you purchase gold, hold the physical gold and receive monthly hibah ranging from 1.5%-2.5% depending on the hibah promotion rate. The best thing is, they buy back the gold from you after 3 or 6 months at the same price you bought it for so capital is protected. If you would like to know more about it, I'll be happy to grab a coffee and explain further to you anytime

More info: www.genneva-world.com


eXTaTine
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Haha, bloody scam. Hope you haven't put any money into it....if you have, please take out as soon as possible.

rockstar90
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Already put 4kgs for the last 12 months and don't have to work already now. Now sharing this platform with all my family members and people out there. Thought it was a scam at first too but feel secure cuz everytime receive the gold, I go to Habib and test its purity and Genneva never fail to bank in the monthly hibah. Tested it out with 100g first in the beginning. If you ever change your mind like I did, you know where to contact me Can bring my bank book to show my statement as well. Have a nice day!


eXTaTine
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Bullshit la u....its a bloody ponzi scheme...once they cannot get any more new members and it gets saturated, they will make away with the money you put in. Remember, if the gold is not physically with you, you run the risk of losing everything when the company closes down...


rockstar90
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The gold is physical. I keep mine in safe deposit box at the bank of course. Crazy if I keep 4kgs at home haha. If they close shop, still got their gold with me I can sell anytime. So before they close shop, I untung lor get monthly hibah just by holding the gold in my hands. So far never get fake gold. I always bring to Habib and check the purity everytime after gold renewal. Cuz when renewal, they take back the old gold bars and replace with new ones.

eXTaTine
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Haha...buy overpriced gold when I can buy gold at the bank for almost 30% less? You gotta be crazy. I've been in the gold market for years, and I know a scam for not. Don't push your products in Lowyat, I'll report you.


rockstar90
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They give gold that's why I feel confident. Crazy ah no one will give money to a company and don't hold anything in collateral. Anything just let me know ok? I was once like you when I knew about Genneva. But later think it through, who cares about the company, as long as gold is at hand, I'm the one who benefits from the monthly hibah. Thought they will fail to bank in the hibah every month but never once they never bank in. So ok la I untung. Enjoy good life while they are still open lor hahaha.


rockstar90
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OK, thanks and have a nice day

User just suddenly PM message me with insults and then sets up his account to block anyone from messaging that person. I would consider this spam.