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No such business comes with high return low risk

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Bank Negara has listed six offences committed by Genneva Malaysia Sdn Bhd.

KUALA LUMPUR: The authorities are investigating Genneva Malaysia Sdn Bhd and its related companies for suspected offences which include illegal deposit taking, money laundering, tax evasion and avoidance.

Bank Negara Malaysia said on Friday the other suspected offences included false description including misrepresentations, appointment of agents without licence and failure to lodge statutory documents.

I have seen similar Ponzi scheme named Gold Coin Trading about 13 year ago in Penang also, a university classmate invited us after the reunion gathering to a seminar about making money in gold coin investment.

Another friend and me advised our classmates that no such high return and low risk investment in the legitimate business world.

I told him that I would enter the scheme IF I were in the first layer to earn easy money from many downliners.

Gold coin scheme busted several years later and many people lost their hard-earned money. None of my classmates falling into that making quick money scheme.

Some businesses can earn up to 50 – 100% annual returns like Arowana breeding in one or two years […]