or 'siapa cepat, dia dapat' in Malay.
For those who invested early and got out early, they would have gained according to what was claimed by the promoters. Like the Ponzi scam or pyramid scheme, investments of later investors were used to pay off early investors...
"Another burning question – if the company’s account and asset were seized and frozen since 2009, how can the directors and company allowed to operate until the latest raid early this month, more than 3-years later? Was Bank Negara sleeping on the job? Were there too many (greedy) hands in the cookie jar, hence the power struggle (or rather money struggle), considering the gigantic amount of money in the coffer (if there’s any left). Or was it purely SOP (standard operating procedure) by any ponzi scheme operator to call it the day by asking the authorities to raid the company itself so that they can stop paying investors, knowing very well nobody would go to jail?"
Read all about it in Finance Twitter:
http://www.financetwitter.com/2012/10/genneva-gold-another-collapsing-ponzi-scam.html
A relevant cartoon on Ponzi Scheme...
Link
For those who invested early and got out early, they would have gained according to what was claimed by the promoters. Like the Ponzi scam or pyramid scheme, investments of later investors were used to pay off early investors...
"Another burning question – if the company’s account and asset were seized and frozen since 2009, how can the directors and company allowed to operate until the latest raid early this month, more than 3-years later? Was Bank Negara sleeping on the job? Were there too many (greedy) hands in the cookie jar, hence the power struggle (or rather money struggle), considering the gigantic amount of money in the coffer (if there’s any left). Or was it purely SOP (standard operating procedure) by any ponzi scheme operator to call it the day by asking the authorities to raid the company itself so that they can stop paying investors, knowing very well nobody would go to jail?"
Read all about it in Finance Twitter:
http://www.financetwitter.com/2012/10/genneva-gold-another-collapsing-ponzi-scam.html
A relevant cartoon on Ponzi Scheme...
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