Gold Fraud Alert: Authorities in Malaysia, Singapore raid gold trader Genneva's offices
From TheStar: KUALA LUMPUR: The authorities in Malaysia have raided gold trader Genneva Malaysia Sdn Bhd and its affiliates for suspected offences under the laws administered by the respective enforcement agencies. Bank Negara said on Monday the joint raiding operation was carried by the police, Domestic Trade, Cooperatives and Consumerism Ministry, Companies Commission of Malaysia and the central bank. http://biz.thestar.com.my/news/story.asp?file=%2F2012%2F10%2F1%2Fbusiness%2F20121001171542&sec=business From the Central Bank of Malaysia: Members of the public are advised to be careful and not fall prey to these schemes. Be careful if these operators approach you with the following proposals: The approach may have been by mail, telephone, Internet or in person, but the intention is always the same, that is, to take money from unsuspecting victim for goods or services that they have no intention to provide.