How to Get Back Your Genneva Gold and Money ??
As many as 35,000 investors and up to a whopping RM10 billion of investment were sucked into Genneva Malaysia Gold Scheme. The problem – Genneva Malaysia’s liabilities exceeded its assets. That was what Awang Adek Hussin, Malaysia Deputy Finance Minister, claimed couple of days ago. Considering PM Najib Razak is the Finance Minister himself, this statement from his deputy was perhaps the closest one can get from Bank Negara’s (Central Bank) investigation after their raid. However, one of Genneva Malaysia’s traders claimed the company has some 60,000 customers with monthly turnover of RM2 billion. On the other hand, Geneva Malaysia’s website boast 50,000 customers and a turnover of RM3 billion.
Whether these gold investors (or rather traders as what Genneva diehard fans would like to be known) actually poured merely RM30,000 or as high as RM285,000 each into the scheme is immaterial. The fact is most of these investors emptied their life savings believing Genneva scheme was a revolutionary and innovative business model – a blue ocean business strategy that could easily put McDonald and Apple Inc. business model to shame. Naturally, these street-smart Gennevarians cried foul and ran amok when their golden goose was slaughtered – by the authorities. They are crying for blood and refuse to wake up from their slumberland.
They are upset the Central Bank took away their cash cow. They are furious they cannot milk their golden cow anymore. They would curse and whack you till kingdom come for suggesting Genneva Gold scheme was actually a brilliant and sophisticated Ponzi scheme. They are crying because their children, parents, grandma, kitten, hamster, goldfish and whatnot are dying because they can’t afford the medicine after the Central Bank robbed their gold and monthly Hibah gift money. They are suggesting jealousy and cooking up tons of conspiracy theories as being the motive because Genneva was so successful that the company’s gold bullion could easily dwarf the Central Bank’s reserves (*woohoo*). In short, it’s everyone’s fault but theirs.
As many as 35,000 investors and up to a whopping RM10 billion of investment were sucked into Genneva Malaysia Gold Scheme. The problem – Genneva Malaysia’s liabilities exceeded its assets. That was what Awang Adek Hussin, Malaysia Deputy Finance Minister, claimed couple of days ago. Considering PM Najib Razak is the Finance Minister himself, this statement from his deputy was perhaps the closest one can get from Bank Negara’s (Central Bank) investigation after their raid. However, one of Genneva Malaysia’s traders claimed the company has some 60,000 customers with monthly turnover of RM2 billion. On the other hand, Geneva Malaysia’s website boast 50,000 customers and a turnover of RM3 billion.
Whether these gold investors (or rather traders as what Genneva diehard fans would like to be known) actually poured merely RM30,000 or as high as RM285,000 each into the scheme is immaterial. The fact is most of these investors emptied their life savings believing Genneva scheme was a revolutionary and innovative business model – a blue ocean business strategy that could easily put McDonald and Apple Inc. business model to shame. Naturally, these street-smart Gennevarians cried foul and ran amok when their golden goose was slaughtered – by the authorities. They are crying for blood and refuse to wake up from their slumberland.
They are upset the Central Bank took away their cash cow. They are furious they cannot milk their golden cow anymore. They would curse and whack you till kingdom come for suggesting Genneva Gold scheme was actually a brilliant and sophisticated Ponzi scheme. They are crying because their children, parents, grandma, kitten, hamster, goldfish and whatnot are dying because they can’t afford the medicine after the Central Bank robbed their gold and monthly Hibah gift money. They are suggesting jealousy and cooking up tons of conspiracy theories as being the motive because Genneva was so successful that the company’s gold bullion could easily dwarf the Central Bank’s reserves (*woohoo*). In short, it’s everyone’s fault but theirs.
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