How Long Will PIPS Last?

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How Long Will PIPS Last?
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Posted by: forwardone

This might seem paradoxical, because PIPS is one of the programs in this `Proven, Long-Term Paying Programs` folder (and rightly so due to it`s history up until late), yet there are more than the usual signs that all is not well.

So, with all the speculation which is currently rife about it`s future, how long do you think PIPS will last?

Geoff

Posted by: forwardone

If PIPS is a ponzi, will it collapse due to it`s running out of funds? Either way, it seems the international pressure is building up against it.

A Dutch bank recently commented that PIPS was breaching the Dutch laws on offering financial services without a licence, and Dutch TV had an item on it.

http://www.rtl.nl/(/actueel/rtlnieu...gingsfraude.xml

Geoff

Posted by: forwardone

This isn`t going to help much!

https://www.picpay.com/forum/viewtopic.php?t=6004

Quote:

SpeedyWallet is closing down the PicPay Debit Card Program effectively
immediately due to insufficient funding and no transaction activity. The lack
of timely funding by PicPay/PIPS has caused negative balances (losses) on cards and the
program due to excessive customer servicing issues of the PicPay membership with no
revenue to offset such losses. EpayCard and SpeedyWallet have tried to service
the Membership by participating on the forum as well as answer the thousands of
emails and calls but the lack of funding by PicPay has caused huge losses that we
can no longer endure. We regret any inconvenience to the members.

All cards with zero or negative balances will be closed immediately. Any member that
has a card with funds on the card, has 30 days from today to remove those funds before the
account will also be closed and those funds will no longer be available to the cardholder.

If you have any questions or concerns, please contact PicPay/PIPS ONLY as neither Speedy
Wallet nor ePayCard Systems will take any customer service questions, whether by
phone, email or the forum. Again, we regret any inconvenience to the members.

Geoff

Posted by: forwardone

PIPS response?

http://forum.pipsinc.com/phpBB2/viewtopic.php?t=43840

Quote:

Just a brief update regarding some of the posts being made here.

1. Speedywallet and the debit cards ARE NOT being closed down, we are currently renegotiating the operations. When this is complete WE WILL MAKE THE ANNOUNCEMENT and things with debit cards will move again.

2. With respect to wires and withdrawals we are in the process of setting up the new e-banking platform and as soon as this is completed WT's will start moving again.

3. To those that believe by contacting Banking Institutions, Governments and Authorities about operations that are in the process of being setup they will gain more information. DO NOT DO IT, all you do is make life more difficult, until all is settled the people you contact DO NOT KNOW ANYTHING and then start asking questions through ignorance and confusion, this tends to rock the negotiation boat.

PLEASE WAIT FOR UPDATES FROM US and DO NOT POST about something you may have heard from uninformed sources, IT WILL AVOID A LOT OF CONFUSION FOR EVERYONE.

Bryan

Geoff

Posted by: value4money

Quote:

I don`t see any end at all in sight for PIPS

Almost 8 months on from when this poll was set up things look darker than ever for Pips. I think now in fact people are seeing some sort of outcome - but probably not the end they would have wished for.

Posted by: Owen Platt

Realistically, Pips was closed down on August 16th. when the Central Bank intervened. It is only the hopes of those who have lost money that even keeps it as a subject on any forum.
Like it or not, no central bank would have taken such Draconian action without good and sufficient cause.

Posted by: Hardlyworkin

The ones who invested more than they could afford to loose are the ones that are keeping the forums active trying to convice each other that their hopes are not in vain,

Posted by: golddust

Sadly true and making themselves miserable, and those who read their posts miserable in the process. Better to move on and if PIPs does resurrect, then something good will come from the past, which rarely, but sometimes does happen.

golddust

Posted by: hawk

Quote:

Originally Posted by Hardlyworkin

The ones who invested more than they could afford to loose are the ones that are keeping the forums active trying to convice each other that their hopes are not in vain,

That is wrong statement. Many of us in support do not relay on any PIPS money but for sure would like to see it back (which it will) so we can help to less unfortunate people. This is all about helping ones in need, not just making a money.

It is sad that many outsiders do not see real picture, just surface.

Posted by: hawk

Quote:

Originally Posted by Owen Platt

Realistically, Pips was closed down on August 16th. when the Central Bank intervened. It is only the hopes of those who have lost money that even keeps it as a subject on any forum.
Like it or not, no central bank would have taken such Draconian action without good and sufficient cause.

And sad part is that if you would know real cause you would not right like this.

You just know micron size portion of whole investigation, even you were involved in initial movement of investigation. So please spare as of nonsense speculations. You are so popular at TG because you couldn't find any one with IQ more than 50.

Posted by: Owen Platt

The actions of The Central Bank of Malaysia could hardly be classified as "speculative."

Posted by: Hardlyworkin

Quote:

Originally Posted by Owen Platt

The actions of The Central Bank of Malaysia could hardly be classified as "speculative."

The bank didn't take action because they had nothing better to do, they did it for a reason. Now wether that reason will be proven to be a valid one still remains to be seen.

Hawk granted many of the Pips supporters do not rely on the Pips money but there are many who put all their eggs in one basket so to speak and really over extended themselves.

Posted by: Owen Platt

Absolutely correct. I see that it is often quoted that investors were advised that Pips was a "high risk" investment but I have been unable to locate such a statement in their literature. There were verbal warnings from Marsden at his meetings not to invest more than was affordable but like so many similar injunctions, they fell upon deaf ears, not surprising in view of the rosy picture being painted (Asset base of $700 plus million etc. and "debt free," a remarkable statement in view of the fact that every one of the members was a creditor!)
Pips has now been out of business for three months with not a word from its CEO other than a few contradictory postings on RolClub. Not a good omen.

Posted by: Hardlyworkin

Owen as so often happens when a program has painted a rosey picture and had been paying greed takes over with some individuals and they put in more money in than they can afford on top of their original investment but that is so typical of the HYIP world in general.

Posted by: golddust

known as the big green "greed factor". You are right HW, this is a problem with HYIPers and certainly affected the judgement of Pipsters.

golddust

Posted by: DontBefooled

Someone at Rolclub started a poll to see how many were for or against getting in to the new `Affiliate and Lotto scheme` but it doesn`t look like Marsden is having things all his own way.

Yes - 193

No - 282 were the figures when I last looked.

Posted by: Hardlyworkin

Looks like they have a problem throwing good money after bad so to speak.

Posted by: golddust

So much for all the support from the cheerleaders...

Posted by: value4money

Now it`s 197 for and 289 against, that`s even after BM has done some extra explaining and promoting of this new project.

Posted by: forwardone

Brian at the TG forum stated a couple of months ago that if PIPS returned and paid all their members by at least the amount they`d invested in PUPS then he`d be willing to hand TG over to the first person requesting it.

Rest easy Brian.....!

See the result of a poll set up at The HYIPForum on whether PIPS would return by this month.

http://www.thehyipforum.com/message...uary-2006-.html

Posted by: darcieP

I see 3 members actually voted that they could see no end in sight for pips.

I feel sorry for those that never got back what they put in, those who got relatives and friends to join, and those who over-extended themselves financially to `loan` their money to pips.

Posted by: hawk

This thread was started 04/05 and was voted by 3 members that wouldn't last till July,2005.

Here we are on beginning 2006 and PIPS is coming back.

This ends this nonsense thread.

Posted by: Owen Platt

For all practical purposes, PIPS closed on August 16th. 2005.

Posted by: golddust

Quote:

Here we are on beginning 2006 and PIPS is coming back.

How's the new launch coming along Hawk?

golddust

Posted by: hawk

Quote:

Originally Posted by golddust

How's the new launch coming along Hawk?

golddust

1. Pips stop activity with members on August, 16, 2005.
Officially was NEVER closed. Some people do not know, how something could be closed if was no reason for in first place.

2. Golddust, yes it is coming quite nice, even so some enemies there are still under mission to hurt Pips.
Good news is all of those bigmouths are shooting blank bullets.
Rumors and lies will not have effect on any intelligent human.
Soon will all stop after they realize that fight is useless.

Posted by: Owen Platt

It was the Central Bank of Malaysia that stopped Pips activity with members - and very effectively, apparently.

Posted by: DontBefooled

Of course PIPS is closed - it`s hardly open for business is it? Sorry hawk, accept facts.

Posted by: hawk

Quote:

Originally Posted by DontBefooled

Of course PIPS is closed - it`s hardly open for business is it? Sorry hawk, accept facts.

I know my facts, but since you are acting smart, tell me proof what you are saying. You can't because you do not know shit.

You guys need to get educated on facts.

BNM did stopped and froze all activity to only some Pips business, due investigation, NOT all corporation. Pips has many businesses.That is big difference.

Investments were still running in outside Malaysia during all this time, and only money was locked for time being were local bank account. Since false smoke of few were cleared we will continue with even better business. Who ever was guilty will be punished. Lesson was learned. We will be careful next time to who be trusted. Bryan is doing his best to correct everything that things do not repeat again. You need to give a credit to this great guy.

Everybody that is due will be properly paid, once servers are in action again.

Too bad that Owen was puppet of ignorant gaudiness and pick wrong path of his adventure. If his collies had different approach, non of us would be in this situation as we are know. Well that is what it is.

Posted by: Owen Platt

Hawk has posted:
“I know my facts, but since you are acting smart, tell me proof what you are saying. You can't because you do not know shit.
You guys need to get educated on facts.
BNM did stopped and froze all activity to only some Pips business, due investigation, NOT all corporation. Pips has many businesses.That is big difference.
Investments were still running in outside Malaysia during all this time, and only money was locked for time being were local bank account. Since false smoke of few were cleared we will continue with even better business. Who ever was guilty will be punished. Lesson was learned. We will be careful next time to who be trusted. Bryan is doing his best to correct everything that things do not repeat again. You need to give a credit to this great guy.
Everybody that is due will be properly paid, once servers are in action again.”

Hawk, I appreciate that you are not writing in your first language so perhaps this might be mis-interpreted but you refer to “we.” Does this mean that you have access to or are a member of the Pips organisation?

When I first started looking at Pips, I was initially sceptical on account of the claimed returns, returns which were, in my opinion and that of a good many others, unsustainable. In spite of numerous requests to the company, I was unable to obtain any information (or even a response) from them. On the few occasions when I managed to get through by telephone, the operator invariably asked “What is your problem sir?” – I didn’t have a problem, other than not being able to speak to anyone in authority. I made a trip to Malaysia with the same result.

Thus I posted a request for information on this and other websites which included, inter alia, this:

“I would welcome any information, both pro and con, on PIPS, its various companies and upon the past history of its founder, Bryan John Marsden. All such information would be held in the strictest confidence.”

Although I received a barrage of information concerning the negative side of Pips, the only thing received from the pro-Pipsters was ungrammatical invective.

My request for genuine information still stands. If Hawk has such information, perhaps he will pass it along, pro bono publico.