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Originally Posted by forwardone
But, did he ever really have the need to borrow much, if any, money, or were all these projects completed by simply using members` money to finance them?
 Geoff |
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Originally Posted by edward
I also find it troubling that they are censoring the forum. Some people seem to have legitimate questions asked yet members simply called them trolls and had mods delete their posts.
Withdrawals are delayed, Picpay is having all kinds of troubles, and Bryan is simply making claims which are not backed up by any dociments. I don't see a difference between PIps and the rest of the major ponzi's like NL, EzBucks, etc. Could this be another OSGold situation, where an HYIP runs it's own ecurrency only to be able to create it's own money, thus allowing the ponzi to continue for a much longer time? Ed |
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| I am not a complete idiot. (I'm just not finished!) |
| I checked with Companies Commission of Malaysia, NO SUCH COMPANY EXISTS. |
| one problemo is delaying withdrawals. |
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Originally Posted by forwardone
But why should there be any delays in payments?
Geoff |
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Originally Posted by edward
There are numerous complaints about delayed withdrawals. Is it possible that this could be the beginning of the end? Maybe they are delaying withdrawals on purpose so that they don't have to pay out as much since deposits are decreasing.
Now they are launching a 3% program. Could this be to induce more spends? What are your opinions? |
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Hello Everyone, Now I know what I am about to say will cause some eyebrow lifting and possibly concerns. But on the other hand this action is out of grave company concerns. As of today all sponsor commissions/bonuses will cease. No further signup commissions or monthly commissions will be paid and the continuance of existing commissions will also cease. The ultimate reason for this decision is that it has caused and continues to cause problems with associate groups, internet regulators and other regulatory bodies. There is an ever increasing number of unaurthorised websites and websites that do not remain current. The information on many websites is outdated and many contain inaccurate and false information. Because the majority of sites use our name we are under constant review and are being held responsible for these sites. Spamming issues are incredible and we have even been asked to terminate associate accounts. We would also ask that all sites that refer to PI or PIPS be dismantled for the continued best interest of the company. We will not be placed in a compromising position when the benifits of what we do are so great, to more than just individuals. Collectively we are all benefiting from PIPS and to compromise these beneifits for something less significant would not be considered a good investment. I thank your for your continued support and your understaning on this issue. _________________ Regards, Gary. |
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According to one PIPS website operated by Gary Westoby of Oregon, US: "Your funds are secure. It is licenced by the government". |
seems all dc withdrawals till Dec, 13 were processed |
Yes, there's lots of people getting excited that their 'pending' withdrawal of 3 months has changed to 'approved' but that doesn't mean that they are getting the money. I personally have a wire 'pending' from the end of November, to the value of $1800, I have another one from January for $1500. Do I expect to see them? Forgive me if my answer is on the negative side. Therefore, it seems that my only option (at the moment) to get real, cold hard cash from PIPS, is to sell the e-currency at a vastly reduced price. My offer will stand until I receive either of the bank wires or PIPS closes. ace |
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Hi, As you are all aware, withdrawals and both deposits are rather delayed compared to the time frame in the past. We are currently using a temporary bank account (EON BANK) to manage our transactions. However, this bank is not able to move in full swing due to lower administrative capabilities and is not able to cope with our volume of transactions for both withdrawal and deposit. Wire withdrawals has been released till Dec 2 and debit card withdrawal released till Dec 20. Check withdrawal is moving at its normal pace taking about 5-6 weeks to receive from date requested. Approved checks are not necessarily sent out. Your checks will be sent out within 10 days of date approved. To-date, checks requested till Dec 14 (partly) has been sent out. Wire withdrawal that has been approved is also taking time to be actually credited into your bank account. For deposits, it is taking approximately about 2-3 weeks for the deposit to actually be credited into our bank account - again due to the reason stated above. Of course you need to ensure that you have faxed us the bank wire deposit to picpay at 606-8500827 in order for us to trace for your deposit with our account statement. Credit Card deposit is currently offline and will be available in the near future. You can also opt to do a check deposit and this will be approved only when the funds clear in our bank account. https://picpay.com/forum/viewtopic.php?t=3014 https://picpay.com/forum/viewtopic.php?t=3135 Please do understand that we supports together with the management are doing our level best to settle all intermediary related issues as soon as possible. We are not deliberately delaying and we have no joy in your sufferings. We do share and sense all your worries, concern, anger, frustration, impatience, doubt and all other emotions that are expressed to us. But believe us, WE ARE WORKING ON RESOLVING ALL ISSUES. The new bank account will be available in the very near future together with the credit card deposit option. So, please do hang in there and give us your full co-operation. We have proved our good business records in the past and are hoping to continue doing so when issues are fully dealt with. As for your login problem to picpay site, we are having some bandwidth problem and are liaising with the telecommunication company to resolve this. This is 3rd party that we are dealing with and hence the delay. https://picpay.com/forum/viewtopic.php?t=3427 HOPE WE CAN HAVE SOME CO-OPERATION FROM ALL OF YOU With regards, Elizabeth Rosalind Picpay.Com |
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the main PIPS database (Oracle, big mistake!) crashed somewhere on February 4th. The recovery took them almost a week, and they had to use a backup copy from January 31st, probably because that was the last point in time where they had PIPS and PICPAY synchronized. Meaning: all PIPS or PICPAY transactions between January 31st. and February 5th were reverted (undone). If you opened a new PIPS account you will have to do that again. If you transferred money between PICPAY accounts or PIPS and PICPAY, you'll have to do that again. If you funded a PICPAY account from some *outside* source, like bankwire or check or money order, you'll have to call PICPAY with proof of your transaction. |
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Originally Posted by golddust
I agree with the wisdom of your logic. . . but c'ha know, banks are very conservative and they don't like to work too hard. Also, there may be a limit as to the # of wires a bank can manage in one day, no matter how many workers there are.
Just guessing about that. . . |
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I still waits for 2 WT's $5000 wire transferre made on 29 Dec $2000 to Debitcard made on 2 Jan |
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I just want to say, I don't appreciate people sending me bulk emails with threats in them because I host this folder at talkgold. If you don't like what is discussed here, then ignore it. There is no reason send me mass emails calling be a scammer and threatening me, simply because some members are saying PIPs may be a ponzi. This is cult like activity and does not belong in the HYIP arena Brian |
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Originally Posted by betrdanevr
How do you figure it proves anything other than there are some very ill-behaved PIPSters e-mailing Brian? That is, IF they are really PIPSters. You never know in this arena . . .
May be the same PIPSters who attacked GINSystem when it started, too. |
I suppose what I`m saying is are the banks reluctant because PIPS is basically an Internet business, or do the banks have genuine concerns over the integrity of the program? |
This really aggravates me. They have all these strict rules about posting info of other sites, but when it comes to posting my personal details, and telling members to report me because people are talking about my site, they don't delete that. I hope the mods there do the right thing and remove this post, because the last thing I need is for some of those PIPs members to be giving me threatning phone calls. Brian |
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newpips2 Posted: Tue Mar 29, 2005 12:32 am Post subject: PIPs is a cult scam - FACT This is ridiculous. I get ridculed and banned from this forum for having a link in my signature to talkgold.com. I get yelled out for asking a small question about the program. I am a PIPs investor. I had planned on investing a large sum. Obviously something is not right if you aren't allowed to ask questions without being attacked. Since I had a URL to talkgold in my signature, and it clearly does not break any rules, I get banned? I want my money back from PIPs. This is obviously a cult like program, and you guys are being sucked into it. The moderators here remove any negative posts at all. Thus new members that come here only see the glamor and glory of this program. Obviously if Bryan was running a real program, he would welcome questions, and even negative comments. It's blatantly obvious that this is not a legit program. I have decided that if this post gets removed, I'm contacting the FBI, SEC, and various other agencies. I will make sure Bryan is sent to prison and any people who are supporting him by removing any negative comments. |
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Originally Posted by forwardone
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Originally Posted by forwardone
Legitimate or not this type of Government action can`t be good news for PIPS or it`s investors.
http://www.ssb.state.tx.us/orders/2005/1587.htm Geoff |
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We understand the frustration of members and believe me nobody is more frustrated than we are. We would love to have the withdrawal situation resolved and up to date, it would make our lives much easier and we would also be able to progress a lot faster with the growth of the businesses. To those that suggest we use exchangers, this is where the verification process started because of so much fraud and attempted theft, this was not necessarily on the part of the exchangers, but the crooks in the world that attempted to use the system to steal money. To those that advocate using E-Gold, E-Bullion, EMO etc, we have had too much stolen in the past to ever use these systems again. To the idiot that suggested because we are a Billion dollar organisation we could afford to lose 60K, 100K or a million dollars, get real, we have an obligation to protect the funds - NOT GIVE THEM AWAY TO THIEVES. Everything that is humanly possible is being done to resolve the situation, but unfortunately it is not all in our hands, well not until the PIC Trust Bank is open. Having read the posts following Gary's update, I feel very tired and dejected, it is very difficult to spend every waking hour dealing with the problems and then read the attacks against my staff and myself on a 24/7 basis. These types of problems were always going to arise at some time due to the growth and size of PIPS and although many contingencies were being established, many third party problems arose at a faster rate than we had anticipated which mean't that we did not have everything in place to deal with the problems as smoothly as would have liked. Please try to understand the situation, remain calm and patient. WE ARE GETTING THERE, this period will be reviewed later as being the most difficult period in PIPS history but will only serve to strengthen the group. MUST NOW GET BACK TO DEALING WITH THE BUSINESS. Bryan |
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Briton breaks into fashion line PETALING JAYA: What does an engineer have to do with fashion? Well, it appears that one man’s dream of breaking into the fashion industry might just take off when new label Ronney Baji premieres at KL Fashion Week 2005. British electrical engineer Bryan Marsden established Pips Fashion in Nilai, Negri Sembilan, last November. http://thestar.com.my/archives/2005.../n_14ronney.jpg FASHION PARTNERS: Henry (left) and Marsden having a drink after a fashion show in Kuala Lumpur recently. Its exclusive line under the label Ronney Baji and commercial line Baji will be unveiled for the first time to Malaysians during the Afternoon Designer Showcase on May 5 at the Shangri-La Hotel. The design team at Pips is led by Sarawakian Ronney Henry. The common thread that binds the creations from Pips is the use of distinctive exotic Eastern fabrics, primarily Malaysian batik, crafted onto Western silhouettes. Highlights of the Ronney Baji’s Autumn/Winter collection include decorative elements of batik, Malaysian motifs, beadwork and delicate faux fur. The fashion house has a wide selection of casual, career and evening wear for men and women. It plans to export its commercial line to the United States, Europe and elsewhere. According to Marsden, Malaysia provided him the inspiration to dream up a career in fashion. Marsden, who has now made Malaysia his home, started his career in Britain and was involved in facilities management projects for the KL International Airport in Sepang, and KLCC in Kuala Lumpur. KL Fashion Week, organised by The Star and presented by Tourism Malaysia and L'Oreal Paris, will be held from May 3 to 8. |
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Originally Posted by candy
I have heard that Alaska has joined Texas in investigating PIPS can the SEC/FTC be far behind.
Alaska could give new meaning to freezing an account. |
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But British-born Bryan Marsden, formerly an electrical engineer, is trying to beat the odds. He figures you can launch a designer into the fashion scene overnight if you have the right smarts. He plucked four young Malaysian designers out of obscurity and made them his core designing team at his six-month-old fashion company, Pips Fashion. |
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Hi All, Just a brief message from Manila, although the e-banking platform is not fully completed yet there is some good new. The bank will start sending out ALL of the remaining WT's from December tomorrow. I still have much to do in the Philippines this week and will only be back in Malaysia on Sunday and will then be off to Panama within 2 days. Gary is continuing the dialogue and setup with VAT and there are also a few more initiatives in the process. So please to all of those that are posting WHEN, WHY, HOW just bear with us we are a little busy to post everyday, but things are happening. Bryan |
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Originally Posted by forwardone
A ray of hope for PIPsters? Bryan`s message re the bank and Speedywallet.
http://forum.pipsinc.com/phpBB2/viewtopic.php?t=45076 Geoff |
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For Immediate Release: 05/11/2005 Commission Halts Unregistered Activity By Team JollyPIPSter, LLC and Westoby Works Harrisburg, PA, 05/11/2005 — To halt the offer and sale of unregistered securities in Pennsylvania, the Pennsylvania Securities Commission issued a Summary Order to Cease and Desist against Team JollyPIPSter, LLC (JollyPIPSter) and Westoby Works (Westoby). JollyPIPSter is an entity with an address in Las Vegas, Nevada. Westoby is an entity with an address in Tillamook, Oregon. From in or about December 2004 until the present, JollyPIPSter and Westoby jointly maintained a web site at www.jollypipster.com (Web Site). At all times material herein, the Web Site contained offering materials (Materials). The Materials state that investors may join one of several different investment opportunities, either individually, or as a member of a pool of investors. These investment opportunities are issued by entities and/or individuals located in Malaysia (hereinafter collectively referred to as the “Malaysian Parties”). One of the Malaysian Parties’ investment opportunities promoted by JollyPIPSter and Westoby is a “2% Plan” (Plan). The Plan purportedly requires a minimum deposit of $450, from which $25 is deducted by the Malaysian Parties as an administrative fee; the remaining $425 is characterized as a “loan” to the Malaysian Parties for 180 days; and the investor purportedly receives a 2% daily return on his investment in the Plan, which is purportedly compounded daily. In or about March and April 2005, JollyPIPSter and Westoby offered for sale an investment in the Plan to at least one (1) Pennsylvania Resident (PA Resident). The PA Resident was not an “accredited” investor and did not have sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the investment. The PA Resident had no pre-existing relationship with JollyPIPSter or Westoby. The Commission directed JollyPIPSter, Westoby and all affiliates to stop offering or selling the Plan in the Commonwealth of Pennsylvania, in violation of the 1972 Act, and in particular Sections 201 and 301, thereof. Any further solicitations or sales made by JollyPIPSter, Westoby or their affiliates in Pennsylvania will constitute further violations of the 1972 Act. Any further solicitations or sales made by these respondents in Pennsylvania will constitute violations of the 1972 Act and the Commission's Orders. Any person who is solicited by or has information about these respondents is asked to immediately notify the Pennsylvania Securities Commission by calling 800-600-0007, or, in Harrisburg: (717) 787-8062, in Pittsburgh: (412) 565-5083 or in Philadelphia: (215) 560-2088. Alternate formats of this release may be available on request; call 717/787-1165. |
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Hi Members This is a letter that i have sent to Bryan Hi Brian Hope you and Sharon are well. This is Les Gardner from Chistchurch NZ (Had a meal at our house) Bryan i have just had a John Mc Pherson from Companies New Zealand Government,representing the Securities Commission . They are enquiring about Pips and Pips Trust.They have requested that NewZealanders are not allowed to join Pips as it is allegal for us to do so as Pips is not a registered security here in NZ. This is also the 2% program as well He Said,quote, Loan to pips is a debt security which reuires compliance with the Securities act. He has also asked me to see my lawyer,as i have made an allegal investment. So what he is saying that it is allegal for any NZ to Join PIPs Looks as though we will also have to stop our monthly meetings He has given me his email address and would like the company to contact him,thats up to you of course john.Mc pherson@companies.govt.nz Regards Les Gardner |
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Originally Posted by forwardone
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However, it's very unlikely the order will stop PIPS from pitching its plan to Alaskans, said Ed Sniffen, an assistant attorney general who works in the consumer protection unit in Anchorage. Because the group appears to be based in Malaysia and transacts most of its business over the Internet, there's little Alaska officials can do to stop it. Also, while officials have deemed it illegal for PIPS to sell its securities in Alaska, it is perfectly legal for Alaskans to buy them, Sniffen said. |
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Originally Posted by forwardone
Apparently the Governemnt Officials spoken about here just turned up unannounced at this PIPS member`s doorstep asking about PIPS (this happened in New Zealand).
http://forum.pipsinc.com/phpBB2/vie...r=asc&start=450 Geoff |
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19/07/05
I have recently received an email from Picpay which will affect your orders. We have no clear guidelines as to how or when. We just know that whenever it looks like we were going to be paid, yet another excuse pops up. Today is the latest one. Thankfully I have other sources of income that earn equally as well and actually pay on time without all the drama. Here is the email that has been sent. The receiver address has been changed. RE: PAYMENT REQUEST CANCELLATIONS Date: 19/07/2005 9:16 pm From: "checkbuyer" <checkbuyer@picpay.com > (Picpay.Com) To: <Understandably Pissed Off Merchant> Reply to: <checkbuyer@picpay.com> |
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Originally Posted by forwardone
But, did he ever really have the need to borrow much, if any, money, or were all these projects completed by simply using members` money to finance them?
Geoff |
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"From what can be gathered from people very close to the source: 1. monies will be coming through from a trading platform (one of those huge ones paying 6% if you invest $10m or more). This will provide short-term relief 2. bank licence, although it will take a year or 2 to be profitable 3. restructure of PIPS program 4. a top UK corporate specialist has come out of retirement to help PIPS 5. most importantly, the banks and trading platforms are holding on to $10s of millions under Patriot and other acts. This is a reason why we are not being paid 6. only merchant's with 4 years experience in business will be permitted to continue to be a merchant. We also know that some are frustrated with BM because he has his own casual style and they have a much more structured approach to business." |
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Originally Posted by Owen Platt
As you (and I) say: it is up to Marsden to clarify the situation. However, I see this posting trots out the old scammers excuse that it is due to the Patriot Act that monies can not be disbursed. The Patriot Act has no effect upon the transfer of funds worldwide. It does however require that banks perfom rather more diligent due diligence than in the past and that they are liable for severe penalties for failure to report suspicious transactions. They have no mandate under this or any other act to "freeze" an account although they may place funds in a suspense account pending enquiries into their source.
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You’re suggestions of contacting the police is interesting, but apparently one of the founding members in Kells is a member of the Garda Siochana and that lent it credence. I passed by the house of one of the original recruiters yesterday. Its very nice! Lucky him! But I wouldn’t like to be in his shoes. When people I knew invested in PIPS, I looked at their website and knew straight away it was a pyramid but my warnings fell on deaf ears. I put all the information I had together and emailed it to RTE. They weren’t interested and in the meantime, PIPS continued recruiting in Kells. I |
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THE CONSUMERS Association of Ireland (CAI) last night issued a warning over a get rich pyramid-style scheme believed to be operating in Co Meath. The People In Profit System (PIPS) scheme has been the subject of alerts in two US states and in Australia with reports yesterday that a significant number of people in the Co Meath town of Kells had signed up to it. One person who contacted the Irish Independent claimed he had lost €5,000 and was now anxious to alert people that they were being scammed. The scheme, which has its own dedicated website, claims it is "designed to ensure members achieve the financial independence they desire". The site says "members can take comfort in the fact that they will be providing urgently needed aid to underdeveloped countries and will also be assisting in the building of a sustainable world environment". Under the scheme investors are asked to "loan" $460 to the company. From this payment $35 is kept as an account set up fee with the remaining $425 characterised as a loan to the company for 180 days. PIPS agrees to pay the investor with interest under a schedule depending on the type of plan the investor chooses. The interest payments on the loan can be as high as 5000 pc with a $460 loan purported to return over $8,000. However with US and Australian officials warning that the scheme was essentially an "illegal Ponzi scheme", concerns are now being raised here. Named after US swindler Charles Ponzi, the US authorities said the scheme used money from later investors to pay early investors. Inevitably, they said, the scheme collapses and the only people who consistently make money are the promoters who set the scheme in motion. The Co Meath investor, who contacted the Irish Independent, claimed that the scheme did work initially but soon the payback dried up and his €5,000 investment has disappeared. Chief executive of the Consumers Association of Ireland (CAI) Dermott Jewell said the reality was that reports of this scheme were just "variations on a theme" of schemes from which few, if any people, actually benefited. While Mr Jewell said the number of these so-called "Pyramid schemes" were on the decline and the CAI had not received any reports of the PIPS scheme to date, he said the fact that this scheme was the subject of alerts in the US and Australia should put Irish consumers off getting involved in them. "If it looks too good to be true, stay away. This is not buyer beware, it's consumer beware. It's a scheme aimed at making money, not necessarily for the consumer," he said. Kathy Donaghy |
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" Please understand that whatever you get from others which is not officially from us is untrue or just a rumors. Regarding withdrawal situation, you also aware that we are currently have a problem with the bank site. We have bulk of thousand withdrawal request. As you know that we have over than 80,000 members and just imagine if all of them request a withdrawal. Most of them request a withdrawal with a large amount and just a few of them request with a small amount. You also need to understand that we still don't have our own bank. What I mean is our own bank is still under progressing. With the bank that we are using right now of course they cannot all the time concentrate on resolving our problem because they also have other members need to handle. In future when we have our own bank I'll guarantee that everything will be solved. Just wait and be highly patient. As staff in this company and also close with Mr. Bryan, I believe with his effort the company will not simply go down. Of course as a CEO he will not simply let his company close and he has his own value. The company is still strong if not why are we still here? If the company is not good why we are still answer your question? That is not because of the salary that we get but it is because of the company. Bare in mind that all members will get their money but still have to wait. If you don't believe me please visit PIPS forum and you can see latest update from Mr. Bryan. The other thing is Mr. Bryan is not liar. If he is a liar why he open other business and very near with PIPS and PICPAY office? If he is a liar why he is still around? I really hope that you will satisfy with my explanation. You have to know that people can make a negative story about other person even though that particular person is good. In other word is we cannot stop other people's mouth to talk. Please forward this message to others and thank you for your understanding and concern towards our company. -Rizal- Thank You. Regards, Member's Account Department Picpay.Com ___________ |
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YOUR SUPPORT IS HIGHLY APPRECIATED. THIS REVENUE WILL BE USED TO PAY ROLCLUB BILLS AND HELP US TO GROW AS A SITE.
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HI all Sometimes i do get sad by the lack of responce from you guys. We do our best to make this site grow, bring you the info from pips to all other progarms. Have been keeping you all Fine Members updated for 6 months. But when we ask for Something that does not cost you 1 Cent out off your pocket, the most go silent?? Here is your chance to show me that you care. And could support Rolclub, and also bee making $50 USD while you support us, and it wont cost you anything. Go to this link please and read it all so you understand. I do request that all members (16000) do this. http://www.rolclub.com/showthread.php?t=4487 Regards Marek Admin |
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Today, 11:40 AM Marek Investor Join Date: Sep 2005 Posts: 189 Re: Sorry Marek - No Help From Us -------------------------------------------------------------------------------- Quote: Originally Posted by dogman Marek, you are trying to scam people with a scam payment processor. You sure didn't do any DD on greenzap, and you never answer anybody's questions. Like 1. Why do you need money from Greenzap or other programs when you already make money from the advertising? TG only makes money from ads and does just fine. It looks like you are trying to rip people off, so I have a right to tell them that, and this forum is free speech - unlike yours where if anybody asks you any questions, you ban them. Go back to Rolclub, Marek and stay there. WHAT I NEED MONEY FOR IS NON OF YOUR CONSIRN! YOU PUNKS GOT OUR GOOGLE ADS STOPPED! GREENZAP REPLACES THAT! TAKE THIS FOR AN ANSWER, OR SWALOW IT. I DONT CARE! AND YOUR FULL OFF S...! |
| Rolclub does not endorse ads |
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Originally Posted by DontBefooled
Irony, or just plain lies? At the top of the banner ads at rolclub appears this-
And the biggest of all the banners says something like:- Support Rolclub by joining......Greenzap |
Happy New year to All Rolclub Members. We are closing down the forum for the next few hours. This is an opportunity, for ROLclub to update our system and server. Bryan has signed up on Greenzap. You can use his greenzap id to signup under him if you would like to use this payment processor.http://www.greenzap.com/pipsaid. (cut and paste this link in a new browser). Note for Bryan, please send us the link for the lotto to admin@rolclub.com . |
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Note to members. Please dont email me asking when we open. We open as fast as the server is fine. I will email all Rolclub's 16200 members the link to Bryans lotto matrix,as soon as when we get it from Bryan. Regards Marek Admin Rolclub.com ------------------------------------------------ Just checked the email at 0640 AM Central E. time, and still no e-mail from Bryan. We will not open the site before another 6- 8 hours because of our server. Site is estimated back at: (1 Jan) Us time : 06.00-08.00AM. EU time : 12:00-1400 PM. Australia:19:00-2100 PM. |
Marek and B.M. are using one another for their own ends, and at the moment PIPS is still providing plenty of income for Marek through Rolclub.
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Originally Posted by Owen Platt
The greenZap site now carries the following:
Bryan Marsden has invited you to join GreenZap. Click the button below to sign up and receive $25 in WebCash and an extra $25 in WebCash on behalf of Bryan Marsden. |
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1. HBFC Bank did not cause Bryan to stop making payments. They asked him to change processors. If you have nothing to hide, and are a legitimate business as claimed by BM, this is an easy task. So what you are asking everyone to believe is that HBFC Bank is the culprit for PIPS not paying. But wait a minute, I thought it was BNM confiscating the servers and computers that prevented PIPS from paying? Of course that action was 9 months after PIPS stopped paying, but don't let that fact get in your way. Yes, BM did change processors. 2. Legitimate companies are investigated every day, and they don't have their computers or servers confiscated. You can investigate a company without having to have these items confiscated. As stated, it is done every day. Only companies that are under investigation for having committed a criminal activity have this done. Ask Blake Prater at Wellspring. You remember him? He was BM's mentor. I will come back to him in a minute. 3. Bryan said in his press releases that PIPS was a legitimate company and was authorized to do business in every country they operated. He even went on to say they had filed all the necessary papers with the SEC here in the U.S. and were authorized to do business. WRONG. I will go into depth on this later as well. 4. If you have your computers and servers confiscated, you are taken down. If you can't conduct business you are shut down. If you want to play a semantic word game here then we will use shut down. Shut down or taken down is still the same result. 5. You can check a company's database without having to confiscate servers or computers. That's what internal investigations are for. It happens every day. Only companies that end up being scams have this action taken against them. 6. Payments stopped in late December, except for a few just prior to the convention to keep the wolves at bay. But, from that time forward, no payments were made. This was least another 7 months before BNM entered the picture. Bryan also said he had changed his processor, so this could not have been the issue with non-payment. 7. Banks, nor Prosecutors shut down, close down, or take down legitimate businesses. Why would they? Remember, BM has stated PIPS was legitimate. 8. As far as my math skills are concerned, they are quite good thank you. The examples I used were from BM himself, not mine. So, let's do the math one more time. If you have a 2% rate of return daily, have an average investment of $1,000, and multiply that times the number of PIPSTERS (BM's figures as to the number of PIPS members) of 800,000 (he actually claimed more), your annual rate of retun is 2,400%. In just 2 short years, this is more than 1/3 of the world's Total GNP. Don't you just love the compounding interest feature, and math being an exact science?! BM boasted that if someone put $10,000 in the 2% program, that in just 4 short years this would exceed $300 Billion. His words, not mine. AW, the power of compounding interest. Maybe you should take a refresher course in math. 9. As far as the Lotto is concerned, the math I used was directly from ROLClub. I used their figures to come up with the matematical results. Don't blame me if you don't like the outcome. I didn't provide the numbers, I just did the math. AW, that pesky math issue again. 10. Before you go off the deep end, let me also clarify a couple of other issues for you. I am a member of ROLCLub, and I did invest in PIPS. My investment was not a personal investment, but as part of an investment group. None of us put money into PIPS that we could not lose. Sorry to say, many who did invest did not follow that cardinal rule of investing. Had this been a personal investment, I would have done a thorough DD before investing. I only just recently started really investigating PIPS, and knew what a total hype everyone had fallen for. I will agree this was my personal assessment, but I am entitled to my opinion. What I find totally incredulous is that I am not allowed to ask questions about how MY money is invested. If I do, I am being negative. I am just to trust that BM will save the day, and I am not to rock the boat. Sorry, but when it comes to MY money, I have every right to rock the boat. 11. At the Las Vegas Convention, BM stated that PIPS was licensed in every country they did business. He even made a point to say that PIPS had applied in the U.S. from the SEC to conduct business in the U.S. This is a bold face lie. PIPS is not registered in any state of the United States, and the SEC has no record of ever having received any papers from PIPS registering to conduct business in the U.S.. Now to the Cease and Desist orders. 12. There are currently 15 states, I say currently as 10 more may be issuing such an order shortly, who have issued a Cease and Desist order against PIPS, and anyone promoting PIPS. That is FACT. Another FACT: There are currently 3 trials being conducted in the United States of promoters of PIPS by the SEC for: Selling unregistered securities, Bank Fraud, Wire Fraud, running a Ponzi scheme, and several other lesser charges. They face fines up to $500k, having to reimburse up to 2 times the amount of every person they had invest in PIPS, plus prison time. Then once the Feds are done, the states are ready to also bring charges against them. Now since you, Blueshark, are such a close personal friend of BM, I am sure you will want to come to their aid and help them with their trial. I know they would love to have you come in, or BM for that matter, and show everyone just how legitimate PIPS is. Never mind BM forgot to get approval first. I am sure they will overlook that technicality, and just be thrilled to learn PIPS is legitimate. The only reason the other 10 have not issued their orders yet, is because PIPS has been technically shut down, and thus no-one here in the states can invest. If BNM had not acted, these 10 would have already joined the others in issuing such an order. The Federal and state authorities are going after the promoters of PIPS here in the U.S., and I really don't think any of these will go down without turning states evidence against PIPS. So much for your statement that PIPS never advertised here in the U.S., so no action could be taken, and they have nothing. I understand how confused you could have been on this point. 13. Let's move to the Lotto for just a moment, as I want to address just 3 issues: First, I did not say the Lotto was not on the internet. I said this Lotto is illegal in 1/3 of the world's countries. Big difference. Kind of hard to hit the dollar figures forecast if you have so many who cannot play the lotto. Second, go to any major countries lotto site, and you will see their license displayed on their website. You have to be licensed to run a lottery, and this license has to be displayed. Not only that, they have a real physical address, phone numbers, E-mail addresses (not a yahoo address either), and all the principal's of the lotto committe listed. They also have their Board of Directors listed, with their addresses and contact information. In addition they show a total history of all winners and their winnings. They also have a FAQ page, and they even have a scam page alerting people to fraudulent Lotto E-mail scams going around. Just like any business requiring a license, all display their license so people know they are dealing with a legitima |