A check from the internet:
1) They are under Bank Negara Investigation. (BNM) http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1874
2) They came out a newspaper statement no guarantee of buying back the gold. http://silvermalaysia.blogspot.com/2012/02/genneva-gold-sdn-bhd-newspaper.html
3) Their gold prices is much higher than the market rate.
4) They are 500k company, If I am one of them, Once I get my 1 billion, I just declare bankrupt since I am sdn bhd company. http://www.martinlee.sg/genneva-gold/
5) More Analysis: http://jeenhao.com/precious-metal-investment/genneva-gold-investment-scheme-legit-or-scam/
Personally I will not invest in it. I think anytime it will get burst.