As a follow up to the law suit against Genneva Gold Trading Firm, the firm finally gets raided by the authorities. In a rare show of joint action, both Bank Negara, Malaysian police and Singapore Commercial Affairs Department raided Genneva offices in both Singapore and Malaysia. I wonder if they actually coordinated this together, but it will be good if they work together to quickly to investigate.

Apparently, the Malaysian newspaper reported that several people gathered outside the firm office to protest against the raid. They claimed that this firm has helped the livelihood of thousands of people, which is questionable. If anybody benefited it was probably the redirecting of the money of investors to the agents who made fat commissions  out of selling gold to unsuspecting investors under the scheme. Of course they would protest as they made tons of money from the scheme, but how about the ...