Problems with Genneva Payout

[bearbearfury]

We have filed a police report today. The police mentioned that this is a high profile case meaning there are also other police report filed by other victims. We have parked the gold and never recieved them back after 2 weeks.

My recommendation is all the victims who has parked the gold with Genneva to file a policy report so that the cases can be reflected to the commercial crime unit. Every case count. really.

 

[mosaic1979]

We have filed a police report today. The police mentioned that this is a high profile case meaning there are also also police report filed by other victims. We have parked the gold and never recieved them back after 2 weeks.

My recommendation is all the victims who has parked the gold with Genneva to file a policy report so that the cases can be reflected to the commercial crime unit. Every case count. really.

My suggestion is to file lawsuits against the agents as well, especially against the top agents. They probably earned quite abit of commission so probably can get something out of them. I m sure they did not paint the picture fully to clients also.

Of course my guess is most genneva clients are probably blinded by greed to invest in a mathematically impossible product (read bernard madoff) but hell since you re in the hot soup already. Most importantly lawsuits against the agents will also help deter people from working for these scam companies.

 

[bearbearfury]

No point spending.money to chase after.bad debt. unless you have invested more than 100k.
Just file a police report. the more.the.better so.that they need to act.asap.

 

[martinlee1688]

The Gold Gurantee Pte Ltd and Asia Pacific Bullion Pte Ltd are on MAS Alert List Now!

The Gold Gurantee Pte Ltd and Asia Pacific Bullion Pte Ltd are on MAS Alert List Now!

Asia Pacific Bullion Private Limited

Please check at www.mas.gov.sg/IAL.aspx?sc_p=A

300 Beach Road
#33-04/05/06 The Concourse
Singapore 199555
Tel: 6298 8881
Fax: 6298 8886
371 Beach Road
#06-00 Keypoint
Singapore 199597
Tel: 6692 7777
Fax: 6692 7778
Please check at www.mas.gov.sg/IAL.aspx?sc_p=A

The Gold Guarantee Pte Ltd
Please check at www.mas.gov.sg/IAL.aspx?sc_p=T

Singapore (HQ)
42A Boat Quay
Singapore 049831
Phone: 6535 4052
Fax: 6535 4076

Malaysia Office
One Mont Kiara
No 1 Jalan Kiara #18-5
50480 Kuala Lumpur
Phone: 603 6206 3328
Fax: 603 6206 3313
Mobile: 601 1123 80249
Please check at www.mas.gov.sg/IAL.aspx?sc_p=T

 

[mrkiasu]

Woah..so fast on the alert list liao...so actually hor, MAS is aware of what they are doing...but....choose to stand one corner and relax...buyer beware.

The Gold Gurantee Pte Ltd and Asia Pacific Bullion Pte Ltd are on MAS Alert List Now!

Asia Pacific Bullion Private LimitedPlease check at Investor Alert List


300 Beach Road
#33-04/05/06 The Concourse
Singapore 199555
Tel: 6298 8881
Fax: 6298 8886
371 Beach Road
#06-00 Keypoint
Singapore 199597
Tel: 6692 7777
Fax: 6692 7778

The Gold Guarantee Pte LtdSingapore (HQ)
Please check at Investor Alert List

42A Boat Quay
Singapore 049831
Phone: 6535 4052
Fax: 6535 4076
E-mail: info@thegoldguarantee.com.sg

Malaysia Office
One Mont Kiara
No 1 Jalan Kiara #18-5
50480 Kuala Lumpur
Phone: 603 6206 3328
Fax: 603 6206 3313
Mobile: 601 1123 80249
E-mail: michaellian@thegoldguarantee.com.sg

 

[Shirley Tan S L]

You may like to pm me at at 91704837 to find out how you can get your fund back.

 

[GeorgeBoron]

Genneva is not honoring their present contract (re balancing) and instead forcing customers to re contract. If they can not honor their existing contract how can one trust that genneva will honor new contract ....and parking gold with company for seven days!!!!!!!!!!!

Any people who want to hire a lawyer and share the cost please pm.

Hello, I am interested. Will PM u. George

 

[GeorgeBoron]

We have heard of customers having their gold delayed as long as a month! That is why we are advising Genneva customers not to return their gold for any reason back to Genneva!

Updates from my side. GV did return the gold back to me with 12 days delay back on 12th Sept. Same happen for a friend of mine as well. New gold i gave them last Thursday 20th Sept they promised to return Thursday 4th Oct. I am waiting and hoping now. They told it will take 10 days only after i deposited with them the gold. Before that was only left with the impression it was 3 working days.I will give update on the 4th Oct again.

 

[blurboiboi]

Guys... any way to test (non destructive) the credibility of the Gold given out by Genneva?..

I checked with Assay Singapore... they have 2 mtds.. one is destructive in which they drill into the gold... the other one is non destructive but is only able to test the surface....

 

[bearbearfury]

I went to maxi cash and money max. Both decline to accept the genneva label gold. Other jeweller shop will accept and pay only after 3 days of checking if they are real gold. From my understanding, Genneva customer has being enquiring in selling their genneva gold.

Should i
1. keep genneva label gold or
2. trade in to get other gold or
3. just sell off the genneva gold

can someone advise me. thanks

 

[bearbearfury]

Updates from my side. GV did return the gold back to me with 12 days delay back on 12th Sept. Same happen for a friend of mine as well. New gold i gave them last Thursday 20th Sept they promised to return Thursday 4th Oct. I am waiting and hoping now. They told it will take 10 days only after i deposited with them the gold. Before that was only left with the impression it was 3 working days.I will give update on the 4th Oct again.

did u get back the same gold with the same serial no.? If no, it could be the gold that belongs to others. My wife agent returned the gold to them for renewal on 10 sep 2012.

 

[bearbearfury]

You may like to pm me at at 91704837 to find out how you can get your fund back.

Hi. Thanks for your kind assistance. perhaps you could share with us more openly in getting back the funds since all the victims are in the forum.

 

[ChickNorris]

Hi bearbearfury,
does your gold bar comes with UOB packaging? if yes, you can sell back to UOB at UOB plaza.

I went to maxi cash and money max. Both decline to accept the genneva label gold. Other jeweller shop will accept and pay only after 3 days of checking if they are real gold. From my understanding, Genneva customer has being enquiring in selling their genneva gold.

Should i
1. keep genneva label gold or
2. trade in to get other gold or
3. just sell off the genneva gold

can someone advise me. thanks

 

[bearbearfury]

No. it is gold produced and verified by genneva.

 

[shotbottle]

Better get it certified ASAP with any method

 

[Lover_Handphone]

The Gold Guarantee

You may like to pm me at at 91704837 to find out how you can get your fund back.

Shirley,

May I know if you are with any goldcos like The Gold Guarantee?

Thanks.

 

[ChickNorris]

Since your gold bar is not UOB certified, you can check with this company they do precious metal certification as well. Charges is $250.00 + GST

Singapore Assay Office
249 Jalan Boon Lay
Singapore 619523
Tel: (65) 6261 6418

or check out their website, just type "Singapore Assay Office"

Hope it helps

No. it is gold produced and verified by genneva.

 

[transform]

I went to maxi cash and money max. Both decline to accept the genneva label gold. Other jeweller shop will accept and pay only after 3 days of checking if they are real gold. From my understanding, Genneva customer has being enquiring in selling their genneva gold.

Should i
1. keep genneva label gold or
2. trade in to get other gold or
3. just sell off the genneva gold

can someone advise me. thanks

For Genneva Gold Bar they will buy in at MELTING price after they have tested if it is real.
Which you will loose more than 35%

 

[cynthiateoteo]

Hi bearbearfury,
does your gold bar comes with UOB packaging? if yes, you can sell back to UOB at UOB plaza.

Mine is the lion head gold. Will UOB buy back too?

 

[makav31i]

Mine is the lion head gold. Will UOB buy back too?

UOB don't buy back if it is not in the seal by UOB and if you have no receipt of purchase from UOB they will buy back - $100 if it is in the seal...No seal they won't buy back..Go call UOB and ask them yourself..If it is the Singapore lion head gold coin, should not have any problem selling in Singapore..