As many as 35,000 investors as great as up to the whopping RM10 billion of investment were sucked in to Genneva Malaysia Gold Scheme. The complaint Genneva Malaysia's liabilities exceeded the assets. That was what Awang Adek Hussin, Malaysia Deputy Finance Minister, claimed integrate of days ago. Considering PM Najib Razak is the Finance Minister himself, this matter from his emissary was may be the closest the single can get from Bank Negara's (Central Bank) review after their raid. However, the single of Genneva Malaysia's traders claimed the association has the little 60,000 commercial operation with monthly turnover of RM2 billion. On the alternative hand, Geneva Malaysia's website exaggerate 50,000 commercial operation as great as the turnover of RM3 billion.
Whether these bullion investors (or rather traders as what Genneva doctrinaire fans would similar to to be known) essentially poured merely RM30,000 or as tall as RM285,000 each in to the intrigue is immaterial. The actuality is many of these investors emptied their hold up resources desiring Genneva scheme was the insubordinate as great as innovative commercial operation model the blue sea commercial operation strategy that could simply put McDonald as great as Apple Inc. commercial operation model to shame. Naturally, these street-smart Gennevarians cried foul as great as ran amok when their golden goose was slaughtered by the authorities. They have been crying for red blood as great as exclude to arise up from their slumberland.
They have been upset the Central Bank took divided their income cow. They have been furious they cannot milk their golden ! cow anym ore. They would curse as great as whack we compartment kingdom come for suggesting Genneva Gold intrigue was essentially the brilliant as great as sophisticated Ponzi scheme. They have been crying given their children, parents, grandma, kitten, hamster, goldfish as great as whatnot have been failing given they can't afford the disinfectant after the Central Bank attacked their bullion as great as monthly Hibah present money. They have been suggesting possessiveness and in progress up tons of swindling theories as being the motive given Genneva was so successful that the company's bullion bullion could simply dwarf the Central Bank's reserves (*woohoo*). In short, it's everyone's error though theirs.
If the 14,000-plus Facebook Genneva Supporters Likes is any indicator, between 20% to 40% of Genneva bullion traders (they do not similar to to be called investors *tongue-in-cheek*) were painfully affected by the raid. This numbers can additionally means the tall rollers or kings (of MLM as great as get-rich-scheme regulars) have long left withdrawal these unfortunate leftovers using similar to headless chicken. While many greedy nonetheless arrogant traders essentially pawn everything together with their undergarments as great as even took loans from financial institutions, the sure sector of illiterate nonetheless ignorant rural folks bet their hold up resources upon the intrigue all given of 1.8% to 2.5% monthly present money.
You can additionally bet your income that the apportionment of these Facebook Genneva Supporters essentially do not have the physical bullion bullion in their possession they left it with Genneva for vigilance given renewal each 3-months compulsor! y the bu llion bullion to be presented to Genneva the successful trick by Genneva upon purpose nuisance the buyers. While the some-more fortunate buyers have during slightest their physical bullion bullion as satisfaction prize, the "unfortunate" risk takers have usually the piece of obligation of tenure as their trophy.
Latest refurbish from the authorities revealed (from seized records) many investors who had paid had nonetheless to embrace any delivery of gold. The matter additionally pronounced the sum volume of bullion seized during the raids from all the companies (Genneva Malaysia Sdn Bhd, Pageantry Gold Bhd, Caesar Gold Sdn Bhd as great as Worldwide Far East Bhd?) is approximately 142.7 kilogram, as great as monies in bank accounts as great as income amounts to RM101.92 million the obscure figure considering Genneva alone is pronounced to have monthly turnover of RM2 billion. So what happened to all the festive bullion bars and billions of ringgit allegedly attacked by Malaysian Central Bank?
At yesterday's bullion cost of US$ 55.51 (RM169.39) per-gram or US$ 55,513.41 (RM169,359) per-kilogram of bullion (the bullion cost has been trending down, thoughts you), there should be 11,809 kilograms of gold in Genneva's vault, based upon RM2 billion of turnover. Either there should be 11 tons of bullion bars or RM2 billion in Genneva's bank accounts (and cash). Now, let's give the Gennevarians the benefits of doubt. Let's pretence there were in law tons of bullion bars as great as billions of income prior to Central Bank's raid. What can the Genneva buyers do to get behind their hard-earned bullion as great as money?
{ 1 } Demand Genneva Directors' Explanation
First thing initial ever given the raid, zero of Genneva's directors Marcus Yee Yuen Seng, Ng Poh Weng or Chin ! Wai Leon g have any personal coming to possibly calm the constant Gennevarians or to repudiate Bank Negara's insist of income laundering as great as whatnot. These directors contingency be the world's some-more generous philanthropists for welcoming outsiders, in this case Central Bank, receiving divided their company's bullion bullions as great as billions of ringgit with open arms.
Strangely, they did not uncover any sign of annoy or desperation. If they were unequivocally innocent, they should come out from their hiding ages ago as great as uncover all the Gennevarians that they essentially care for the Gennevarians' welfare. Stop giving excuses such as their authorised group advised them opposite giving open statements. Gimme the mangle the authorities already alleged there were usually 142.7 kilograms of bullion as great as RM101.92 million left. What else is some-more critical clearing your great name or waiting for months or may be years compartment the review concluded?
{ 2 } Clear Doubt as great as Accusation about Ponzi Scheme
The directors should uncover proofs about the life of bu! llion as great as income prior to the raid, as great as the resources should not differs by the Mars journey opposite the liabilities. They should uncover that there were sufficient bullion to be reimbursed to Gennevarians should they instruct to insist it back. With such outrageous volume of bullion as great as money, the association should have the little annals or archives elsewhere about vaulting, word coverage, security guards force information, CCTV recordings as great as anything associated with the treasures stored in their shoplot in Kuchai Lama. You do not simply store tons of bullion in your normal storeroom, do you? Those idiots who attacked seventeen ATM (automated teller machine) so distant contingency be banging their heads opposite the wall for blank this shoplot's jewels.
Most importantly, by showing proofs upon figures that correspond to the volume of bullion as great as money as per investors' investment, the indictment that Genneva is an additional Ponzi fraud can be eliminated. Again, sufficient bullshits about authorised recommendation restraining the directors from vocalization to open whilst the review is starting on. Did we meant to contend you're so obedient as to keep quiet meaningful the bullion bullions will never returned to we whilst the Central Bank is boring the feet in the review (assuming the directors have been unequivocally trusting in the initial place)? Hell, if the directors beat around the brush with some-more grandmother stories, sue them. If Central Bank's insist was the anything forged as great as the authorities have in law plundered the bullion seized, the directors should quarrel tooth as great as nail fortifying Genneva's inno! cence, w ell, during slightest we would.
{ 3 } Show / Prove of Genneva Business's Sustainability
One of the reasons given by Bank Negara for the raid was the commercial operation model sustainability clarification Genneva cannot means the commercial operation by giving divided up to 24% annually in present income to investors. It's time for Genneva directors to uncover the little proofs about the sustainability be it transaction statements from trade bullion commodity in the open market, outline of distinction as great as loss from trade equities, options or even currencies. We're not forcing them to reveal their profit-making tip formula. We only wish to see where the association derives the profit, the same approach Warren Buffett, George Soros or any account managers disclose their investment portfolio.
Gennevarians should stop blindly usurpation the forgive that it was the guarded tip upon how the association made the profit. If KFC can still safeguard their tip recipe whilst replicating the authorization worldwide, what was so sly about Genneva bullion trade business? What type of Genneva's sly commercial operation that the universe does not already do or trade now, unless it was associated to bootleg transactions? If they're authorised as great as can be shown the sustainability, then Bank Negara will be in l! ow troub le. On the bright side, if the commercial operation was in law sustainable, it could entice outrageous investment locally as great as globally. And since still hide underneath sly commercial operation forgive when your pants have been upon fire?
{ 4 } Bring Bank Negara (Central Bank) to Court
Many Genneva Facebook supporters roar compartment froth during mouth about suing the Central Bank for poorly raiding their heavenly 1-Genneva cash-cow. Interestingly zero materializes even after 1-month given the raid. What happens to their inspired babies as great as failing hamsters who had been denied their legitimate medical treatments? Surely they would have died flourishing upon H2O alone for the month (*grin*). If there's law to even 10% of the 14,000 Facebook Genneva Supporters story about presence dependency upon Genneva, they would be desperate sufficient to move the Central Bank to Court. Furthermore, it was Bank Negara's error for not stopping the three directors scammers 3-years earlier, if in law the commercial operation was the Ponzi scheme.
Heck, by suing Malaysian Central Bank, the headlines will goes viral globally. And meaningful how obsess PM Najib Razak is about being the many popular budding apportion upon the universe Earth, chances have been tall the Central Bank would conclude their review before year finish as great as hopefully can lapse the seized resources by the law channel. If Genneva Gold was unequivocally the blue sea commercial operation strategy, this measure can assistance promotes the innova! tive com mercial operation model worldwide as great as may be leapfrog the country to the World's Top Financial Centers. Can we imagine the coverage from CNN, CNBC, Al-Jazeera, Bloomberg, BBC as great as whatnot?
{ 5 } Seek Assistance from Genneva Chairperson
The actuality that nobody from Genneva fans club find recommendation as great as assistance from the chairperson,Tengku Muhaini Sultan Ahmad Shah, the daughter of Sultan of Pahang, was simply mind-boggling. Being the strongest supporter of the federal government, the stately residence has great influence as great as could simply pull string to get the sleepy Central Bank working overtime to get to the bottom of the investigation. Besides, Genneva should be trusting of all indiscretion otherwise how do we insist the willingness of Tengku in usurpation the chairmanship, right? The error contingency be with the Central Bank's incompetency (and jealousy).
Furthermore, the royalty has everything to lose as great as zero to gain from the raid as it in the roundabout approach links the stately residence to Ponzi fraud commercial operation as great as income laundering. Thus, Genneva investors or traders or whatever we instruct to call them has the very great actuality in asking their chairperson to assistance revive the company's great name, not to discuss the resumption of the bullion trade commercial operation (*grin*).
{ 6 } Seek Assistance from Top Gun Mahathir Mohamad
If there's the single chairman who can send Central Bank Governor, Dr Zeti Aziz, in to retirement with the phone call, that chairman is zero alternative than former premier Mahathir Mohamad. The actuality that Mahathir launched Genneva's Syariah in 2010 carries some-more weight than we can imagine. Surely he wasn't there only for great food as great as bullion wafers as token of appreciation, was he? Like it or not, he in the roundabout approach endorsed Genneva's bullion trade business so it defies Newton's law of gravity that Bank Negara raided such the successful company. Hence it's engaging that nobody asks the former premier of his opinion about Genneva's raid.
Gennevarians should find an appointment with Mahathir, right away that he has retired from governing body as great as has copiousness of giveaway time, to find his consultant superintendence upon the subsequent impetus of action, if in law the 60,000 Gennevarians have been victimized. Forget about promulgation chit to PM Najib Razak in earnings for his assurance about elucidate the problem. He doesn't have time to even review your memo as he's fire-fighting his own political presence within UMNO. Mahathir is the man to look for as great as he can demand Central Bank Governor as great as Prime Minister to trim your garden's grass, if he wishes to (*tongue-in-cheek*).
{ 7 } March from Kuchai Lama to PutraJaya
If there's the single thing that can have PM Najib Razak carries dual handkerchiefs to clean his spit out of panic, the name is street demonstration. Bu! t street demonstration is illegal, technically speaking, so greatfully do not do that. Instead we can "march peacefully" whilst holding placards as great as banners praising the stream federal government. Better still move tons of Barisan Nasional, UMNO, MCA, MIC flags as great as not forgetful "We Love Najib" gigantic banners from Kuchai Lama to PutraJaya. After all, many Gennevarians have alike their 1-Genneva with 1-Malaysia so that shouldn't be too hard to do. Aiyah, when come to apple polishing the stream regime, how many tactics have been there left upon the book, so go figure.
Most importantly the categorical extract bold, underline, italic as great as colour the summary about 60,000 voters from Gennevarians who have been willing to sell their votes for the lapse of their bullion as great as money, or whatever that was left, not that the Prime Minister doesn't already know that majority of Gennevarians have been with the opposition. It's obscure that despite screams for impetus from day the single given the association was raided, there seems to be dull talks by ! the Genn eva Facebook Supporters standard keyboard warriors. Even if half of the 14,000 Likes meant what they pronounced about their hardship post-raid, the blast 7,000 marchers would lift many eyebrows.
{ 8 } Launch Nationwide Signature Campaign
Since Genneva members were victimised by the latest raid by Bank Negara, the signature debate by Gennevarians during their respective 7 states bend bureau nationwide (Penang, Perak, Selangor, Melaka, Johor, Sabah, Sarawak) could be effective in pressuring Najib administration department in to returning the bullion as great as income seized. This is additionally the many appropriate time as great as event to showcase your suffering by bringing your failing family members as great as arowanas for open viewing. Besides getting open support, we can additionally insist since Genneva is not the Ponzi fraud association as great as how the Bank Negara had attacked your hard-earned income out of jealousy.
{ 9 } Launch Hunger Strike
Remember how Emergency Ordinance (EO) detainee as great as Sungai Siput MP Dr Jeyakumar Devaraj was released after his craving strike? Well, may be craving set upon due to political reason is not such large headlines after all. But the craving set upon by 14,000 great citizens (who pay their taxation promptly) given of daylight spoliation by the country's Central Bank is really the world-class news. If Tourism Minister Ng Yen Yen's clarification of world-class cooking is zero reduction than RM150 the meal was the yardstick, then the 14,000 people upon! craving set upon is without doubt the world-class event.
Of course, there's no approach the authorities can detect if the little of the 14,000 people essentially smuggled Nasi Lemak, Pop Corn, Ramli Burger, Teh Tarik or Coke in to the event so the referred to craving set upon should not mistreat your illness that much. Organise it as great as rest assure the newly elected President Obama would give the call to PM Najib asking about this Guinness universe jot down event.
{ 10 } Call for International News Conference
The initial thing you'll substantially do, if you've been victimised, is to hold the press conference the wider the coverage the better. The many powerful supervision upon universe Earth Government of United States is still during the forgiveness of WikiLeaks owner Julian Assange due to global headlines coverage. Assange can be consummated with the press of the button though he's not chaste given each Tom, Dick as great as his hamster knows about the whistleblower. So if we wish Bank Negara to lapse your bullion as great as money, put international pressure upon them, provided the universe hold Genneva was trusting in the initial place.
There it goes 10 things to do to get behind your bullion as great as money; as great as monthly present income if! Genneva can resume the business. But the three directors have to come out from their hiding as great as lead the 60,000 supporters. Leaving the battle to the senior consultants whilst the directors suffer their fruits in hiding will not assistance the stream situation. Scream as we similar to though the chances of Gennevarians getting behind their bullion is almost nil. If what the emissary Finance Minister Awang Adek Hussin pronounced is true, there's no approach Genneva can resume the commercial operation operation simply given there's not sufficient bullion to be redeemed by the members.
The satisfaction prize, if you're lucky based upon today's bullion cost of US$ 55.18 (RM168.34) per-gram or US$ 55,180.33 (RM168,343) per-kilogram, the seized 142.7 kilogram would worth RM24 million. Add that to monies in bank accounts as great as income amounts to RM101.92 million seized, you've about RM125.92 million to be shared amongst 60,000 constant Gennevarians that translate to about RM2,098 per person. Hey, cheers up during slightest we can suffer fourteen times of world-class cooking meal of RM150 each, starting by Tourism Minister Ng Yen Yen's yardstick
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