PIPS; current status?

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PIPS; current status?
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Posted by: tomreidy

Does anyone have inside information as to when/what restructuring of the program will begin/bring?

Does anyone know of a "verified" merchant to convert Picpay into cash (Visa gift cards)? I realize it is pretty useless now to find anyone honest and willing to exchange Picpay for anything!

Has anyone received a whichdrawal, or cash by means of a merchant?

Thanks,
Tom

Posted by: forwardone

Tom, I doubt you`ll find too many people stepping forward to say they`ve got anything much from PIPS or their merchants, aoart from empty promises that is.

The situation looks to be getting even worse with what`s apparently been announced at PIPS USA. It seems that Gary Nichols, pretty high up in the food chain, has resigned. Suggestions of `health` reasons, yet it`s also been said he`s moved on to another job.

Weirder and weirder.

Geoff

Posted by: Hardlyworkin

Geoff, I've read the same on other forums about Gary. Everything hinges on Bryans next update.

Posted by: forwardone

This MAY or of course MAY NOT be genuine, but if it is then it must be of concern to PIPS members. If not, then it`s a case of someone stirring things unnecessarily.

The person who posted this, and by now it`s circulating most of the forums I know of, has stated that it was sent to him anonymously, so he can`t confirm it as genuine either.

It purports to come from one of the PIPS Cast members by the name of Warren, who I gather is/was high up in the command structure.

Quote:

Hello All,

I have to apologise for not being here sooner as I think you all deserve to know what is going on.

I have prepared a full report and I will be posting it soon, however Bryan has stated he has a proposal that will supposedly give some relief and I'll wait until details of that proposal are known before posting my report. At this stage I will give Bryan the benefit of the doubt.

Briefly, at this stage I can tell you that all is not well with Pips. The program is in severe trouble. Please do not do any exchanges and discourage anyone who is thinking of putting money into the program at the present time, at least until some VERY substantial performace is demonstrated.

I can confirm that I resigned last Thursday as I felt I could no longer continue to work for this program or for Bryan and Sharon. Gary has also resigned and the rumours about his health problems are not accurate. In fact Gary and I are considering other offers that have come to us jointly since resigning from Pips. At least someone thinks we have something to offer...

I have been wanting to post updates since I arrived at Pips, but frankly I haven't been able to find much in the way of good news to report.

The VAT platform is a good platform and the people at VAT have been most patient and supportive. The failure of that deal to proceed is Bryan's alone and the attempt to pass blame onto VAT is not justified.

One further thing I will say at this time, is that none of the current crisis is the fault of any of the staff, who have done their absolute best under very trying circumstances. They are a great bunch of people and all of them that I met are very friendly and dedicated people, who are all being kept in the dark by Bryan and Sharon. The staff have been getting some very abusive and even threatening phone calls. Some very good staff members have quit because of it. Please do not take out your anger and frustrations on the staff, it is not their fault, they are all doing what they can to help and many of them are feeling the same frustrations as you are.

One piece of advice I can confirm is that Picpay is a compoany registered in Malaysia. Once you move funds into your account in Picpay, they are your funds and no one can legally move those funds without your express authority. Everyone should move funds from Pips (registered in Panama) into Picpay and then take a copy of your Picpay account to ensure it cannot legally be tampered with or erased. You should then order a withdrawal. Picpay then has an obligation to pay you the funds. Picpay is owned by Bryan and Sharon.

I'm very sorry for my silence, but I hope you can all appreciate the very difficult position I've been placed in. Even until last week I was still trying to convince Bryan and Sharon to refocus on the core business of the program as I saw it and that is to pay returns to members.

I can only hope that Bryan has something REAL and something of substance to offer. We should know in the next few days.

Best wishes to all.

Warren

Geoff

Posted by: Hardlyworkin

I saw the same posted on another forum and also received it in and email update from STI. No one knows what is going on right now except Bryan.

Posted by: forwardone

Again I don`t know about the authenticity of this, but here is an apparent response from `Warren` to his previous comments getting out into the public domain.

Conjecture rules.

Quote:

Well thanks xxxxxxxxxx and the person who breached my trust for passing my confidential letter on to this cretin for posting something that was sent to a few (formerly) trusted people.

I felt I had a duty to put the record straight and to try and ease what I saw as the long suffering membership who have been lied to and denied information for so long.

After reading xxxxxxxxxx's reproduction of my confidential draft (very appropriate number... boy are you in the right place), and realising that even those very few that I thought could be trusted with my information cannot be relied upon and reading how some pathetic dimwits are still hanging on every word that Bryan says, even though there's been no withdrawals, no bank will touch Pips, Pips USA has been forced to change it's name and cancel it's Convention in San Diego, resignations, lies, etc, etc. makes me realise my efforts have been wasted.

I have come out at some considerable personal risk because I felt that you the members, were entitled to know what was going on. I've since reached the conclusion, that you really don't want the news, and in fact I've wasted my time.

Hey Bryan... It doesn't matter what you do... Keep feeding these pathetic souls your special brand of Pips manure, they want it, and they lap it up and they'll follow you off a frigging cliff if you want them to. Some people just cannot be saved from their own stupidity. Now at least I understand how you were able to fool everyone.

There are many people who know what I know. There are many people who have seen what I've seen. I've only been there for a few weeks and I'm the last in a long line of people who could have given this information. Why then is it that no one has the courage of their convictions and why is it that I'm left out here to fight this battle all alone.

A pox on all you people who could have helped and a pox on all you members who can't be trusted and who couln't give a tinker's cuss who you step on and aren't worth helping anyway. I thought I was disgusted at what I saw in Nilai, but that was nothing compared to some of the things I've seen since I came forth.

For the sake of clarity my letter is posted below. That's the end for me. I know what Bryan's intending and some of you will just lap up more of the same. Good riddance you deserve what you get. I'm finished.. Don't send me PM's I'm angry, I'm totally pissed off . I've met some wonderful people through my Pips journey, but I've also come across some of the greediest, most selfish, insensitive, careless and completely hypocritical people imaginable. I'm delighted to be out of it and I'm glad you're all still in it. Bryan and Sharon will get away with it, because I couldn't give a damn any more and none of you have the guts to do anything for yourselves. You're all on your own.

Geoff

Posted by: Hardlyworkin

I'm just going to sit tight and wait for something official one way or another.

Posted by: forwardone

The `BIG` announcement.....

Quote:

Sorry for not posting anything, this is due to the fact that every time I do post it ends up all over the interent in a twisted form.

We are extremely busy on sorting things out and will have some news for you all very shortly.

With respect to the rumours circulating about me amassing a fortune, they are totally untrue. I am not a shareholder in any of the companies and draw only a small salary from the company, all business entities and their operations are authorised by PIPS Inc. PIPS never has been about money for me, I had a goal to help people and still retain that same goal.

We will work things out, but the rest of this year could still be a bit bumpy.

Will make a release when we are ready.

Bryan

Geoff

Posted by: Hardlyworkin

Well at least we know that Bryan is still around and active.

Posted by: Owen Platt

The following was received by the Central Bank of Malaysia today:

Bank Negara Malaysia
Jalan Dato' Onn
P.O. Box 10922
50929 Kuala Lumpur

Money Laundering, Payment Systems Act 2003 Breach

It is with regret that I have to advise you that there is a fraudulent operation of substantial international effect occurring in Malaysia. Part of this operation comes under the supervision of the Malaysian Central Bank. As Malaysia is a member of the FATF/ABG I am sure you will be interested in the International implications of this operation.

A company called Picpay dot com Sdn Bhd, (649828-P), Registered Office being F3/1 Lucky Plaza, Jalan Dato' Lee Fong Yee, Seremban, is operating a Payment System on the internet, in association with an illegal Ponzi investment scheme called PIPS. There are about 80,000 depositors world wide.

We believe that Picpay Dot Com is in breach of the Payment Systems Act 2003, Sections 5,14,19,22 at least. The company is insolvent and has not paid the payment requests of account holders for some 8 months.

It is apparent that the Directors, Bryan John Marsden, a British born resident of Malaysia, and his wife/partner Phan Sew Ken, have embezzled large sums from the operation, and are continuing to collect money from new depositors with no intention of treating honestly with this money.

There have been a number of Cease and Desist orders in the USA and warnings in the UK, Australia and other countries.

We have been informed that the Picpay Payment System is about to be closed by Marsden, and would expect that Marsden will attempt to destroy the records when he does stop. We believe that the accounting records are virtually non-existent with the exception of the members database and account records, held on a computer system.

It is our view that URGENT action has to be taken to ensure:

1. The collection of money for illegal purposes is stopped.
2. The embezzlement of funds by Bryan Marsden and his wife is stopped.
3. Bryan Marsden and his wife are removed as Directors, and an interim Director appointed.
4. The data on their systems is preserved.
5. A full investigation into the breaches of trust and malfeasance be instituted.
6. Assets misappropriated are recovered.

This company is owed the sum of about $500,000 by Picpay Dot Com for transactions that members attempted to pay us, and we are in contact with a further 10 or 12 companies and individuals who are owed collectively some $12,000,000. Our information indicates that Picpay Dot Com Sdn Bhd is insolvent to the tune of some $300,000,000 as at last Friday, and this is rising rapidly with no hope of being resolved while Marsden is in control. Together we have formed working group to investigate if there is any hope of salvation and to stop any further malfeasance if at all possible. One of our group would be prepared to move to Malaysia to take over as interim Director under the Bank Negara's Powers if this was deemed appropriate.

Marsden has a cavalier attitude to the law, and to the responsibilities of corporate Governance. He has also I believe, received several visits by the Malaysian SEC, although they have not managed to penetrate the veil of secrecy in this case. It may be that they failed to appreciate the overall effect of the operation.

During the last three months, I personally have spent some considerable time researching the operation, and have built up considerable information about the activities of the group of companies attached to Bryan Marsden and his wife, and am quite happy to provide any assistance to your compliance team and investigating officers.

In view of the international nature of this fraud, it is our view that a failure to act with speed will enable Marsden to move funds to other jurisdictions, and to preserve them from the creditors. Under the Payment Systems Act, Bank Negara has the power to stop this happening, should the will to act be there.

We believe that the company banks with Eon Bank in Kuala Lumpur, and that they are already concerned as to the nature of the activities. We are aware that there are bank accounts in Australia – notably at Westpac. The company is also believed to be using a further payment processor called Forex Plus Australia Pty Ltd (098 382 202) Level 1, Suite 2, 9 Myrtle Street, North Sydney, NSW 2060 Australia, to make payments throughout the world. The Australian Central Bank and ASIC is receiving information today.

There is also a Card Processing system, Mycardpay.com which is hidden behind a veil of secrecy which we cannot pierce, but your requests to the FBI in America, would undoubtedly be able to. We understand that approximately $250,000 a day is being collected through this and other means from persons who will lose every penny.

Several Banks and payment processors throughout the world have frozen funds that Marsden was collecting, and have closed accounts that he had opened for payment processing to international payees.

There is no doubt that this is a political “Hot Potato” in view of the 80,000 international depositors.

There is no doubt that Picpay Dot Com Sdn Bhd, is actively involved in a payment processing and stored value operation which is handling money in very large amounts to the detriment of international relationships – particularly with the USA, as there is substantial American membership.

Should you or your staff wish to contact me I am willing and able to assist them to the best of my ability, and if you felt it appropriate, I would be happy to visit Kuala Lumpur to help your staff in their investigation.

Posted by: Hardlyworkin

No comment, Bryan is too visable to get away with anything like that unless he has a legal loophole somewhere.

Posted by: betrdanevr

Quote:

This company is owed the sum of about $500,000 by Picpay Dot Com for transactions that members attempted to pay us, and we are in contact with a further 10 or 12 companies and individuals who are owed collectively some $12,000,000. Our information indicates that Picpay Dot Com Sdn Bhd is insolvent to the tune of some $300,000,000 as at last Friday, and this is rising rapidly with no hope of being resolved while Marsden is in control. Together we have formed working group to investigate if there is any hope of salvation and to stop any further malfeasance if at all possible. One of our group would be prepared to move to Malaysia to take over as interim Director under the Bank Negara's Powers if this was deemed appropriate.

Strange letter. . .

Are they a real bank, or are they a "company."

Banks don't put themselves in the position of being 'owed,' as they don't pay out funds that are not cleared in their depositors' accounts.

Don't like the smell.

Not that PIPS is smelling so good, either. At least it's not so not that Gary resigned.

My PIPS account is only 2 months old, started from pooled funds, so I have no experience with all the waiting people have experienced. Guess I'll wait some more.

Posted by: Hardlyworkin

Betrdanevr I've become used to waiting it has recently become the norm.

Posted by: Trinary

It gets confusing, but that letter is actually being sent to the bank, by this 'company, not by the bank to peoples...

Posted by: Hardlyworkin

Where did you find the letter?

Posted by: Trinary

if you're asking me... no clue, I only read it posted by peoples too :/

Posted by: Hardlyworkin

Thanks Trinary. I've see the letter posted in other forums as well. I'd like to know where it originated as well as many others that I have seen posted all over the forums.

Posted by: Trinary

It's probably just a fake letter, otherwise it'll be obvious where it's from...

Posted by: Owen Platt

The letter is absolutely genuine but the addressee and the sender's name have been removed. It comes from a group of investors from London with whom I have been in touch for sometime and of whose bona fides I am absolutely convinced. It was posted at their suggestion as being valid information for members of PIPS who should be made aware of their actions.

Posted by: Hardlyworkin

Thanks for the clarification Owen. The way I read it some is fact (what they and other companies are owed) and some is supposition (Our information indicates that Picpay Dot Com Sdn Bhd is insolvent.) at least that is the way I read it.

Posted by: betrdanevr

Yes, thank you! I was unaware that Bank Negara Malaysia is actually the central bank. Kind of looks like the letter is from a bank. Appreciate the follow-up posts.

Posted by: Owen Platt

Hardlyworkin, I agree. I do know, however, they they are in almost daily contact with both Warren Webb and Gary Nichol so I tend to give quite a lot of credence to their statements. They are being led by a UK Chartered Accountant of some standing.

Posted by: Hardlyworkin

Thanks again Owen. I'm just looking forward to the end of the saga one way or another.

Posted by: Owen Platt

This was posted on TalkGold - it is not my information so I cannot verify its accuracy, however it does agree with certain information that I have received.

A friend took a flight to Malaysia yesterday. As he mentioned, he went to the Malaysian ROC to check out the audited reports (if any) of the subsidiary companies that is supposed to asisst PIPS in making its 2%. i.e Pic Reality, PIC Captial & PIC capital Venture.

As he told me over the phone, most of the reports are all blank! no data was submitted as audited reports, except for PIC Realty which only has an audited report for year ending 2003. He further mentioned the figures were pretty dissapointing for a "self-proclaimed" multi-billion company. With Fixed Asset of only a little over 100,000 in Malaysian Ringgit. And Current Assets of a little over 1 million in Malaysian Ringgit. ($3.8 Malaysian Ringgit/dolllars = 1$ USD).

What disturbs him is that PIC Realty (besides paying for members's mortagages) is by right supposed to be a company engaging in real estate investments also. Companies such as these should have much more than a 1 million Malaysian dollars as current assets! He further added that if PIPS is investing in Malaysian properties, such figures just goes to prove that PIPS is a definite scam because each commercial shoplots in Malaysia on an average sells for at least 500,000 in Malaysian dollars! And we're only talking about a very small commercial lot with measurements of roughly 20 X 22 feet.

On top of that, the current liabilities are closed to nil. So are the published profits before taxation. Funny huh?

Lemme see if I can get my hands on those reports soon enough so I can publish them on a free-website somewhere. Will keep you guys informed.

Well folks... if some of you still think PIPS is not a scam, I really feel sorry for ya!

Posted by: forwardone

Seems the `Realty` part of PIPS is the only one still paying, the question is for how long?

Geoff

Posted by: Owen Platt

Also posted - and seem valid questions to me:

ATTENTION All PIPS Members

I have read Bryan's post on the PIPS Forum and I have also read Warren's post on another forum.

Warren went to some length to identify Sharon as a major beneficiary of the assets.

Bryan has stated that he has no share holding in any of the PIPS companies but he neglected to make mention of Sharon's share holdings.He also neglected to say on who actually owns all the assets. Are they owned by Pips members or are they owned by another entity.

Perhaps Bryan may care to comment about Warren's post that makes mention that Sharon is a major beneficiary of all assets. Is this a case where Bryan has transferred all share holdings into Sharons name when things began to get ugly.

Perhaps Bryan may also care to comment on the following matters.

1. Has Bryan ever been a shareholder of any of these companies.

2. What share holdings does Sharon or other family members hold.

3. Who does in fact own the assets mentioned in Warrens post. I think we as members deserve to know under the present circumstances.

4. Is it true that the current withdrawal liabilities are in the hundreds of millions of dollars whilst available assets including frozen credit card funds ( which are never likely to be released ) represent only a small fraction of the current liabilities.

5. What investments if any have ever been made for PIPS to make this money for members. In Hawaii during question time it was stated by Bryan that PIPS was making far more than the 2% payable to members. But there is no apparent record of this amassed fortune.

6. We where also told that all picpay money is backed by gold reserves which are supposedly held in Australia. Is this true or just another one of Bryan's fairy tales.

7. I would also like know if it is true that the closure of Pips and Picpay is imminent and that Bryan is launching a new program with the assets he obtained from Pips members and that our earnings will be lost forever.

I think the time has come that we as members are given some credible answers and not the light is shining through mumbo jumbo we keep receiving from Bryan.

I as an investor have no problem in accepting losses due to factors beyond our control in the investment arena, but I have do have a major problem with what seems to have been underhanded tactics for people to invest in a project where there is no evidence that any investments have taken place.

Oz1

Posted by: Hardlyworkin

All very good questions, however, I doubt if we will ever see any answers to them.

Posted by: forwardone

Purportedly this contains information from a UK consultancy firm hired by, I think, PIPS.

http://www.hyipdiscussion.com/thread8402.html

Any thoughts on the comments they make?

Geoff

Posted by: Hardlyworkin

Currently all the sites are down, Pips, the forum and Picpay.

Posted by: Owen Platt

Bank Negara officials moved into the PIPS offices this morning and have confiscated all the mobile phones and some equipment.
Gary Nichol has agreed to return from Cambodia to assist them in their investigation.

Posted by: forwardone

Owen, I saw this comment of yours elsewhere

Quote:

The Central Bank of Malaysia, Bank Negara, does have the power to raid and confiscate.

Any updates you are aware of with what`s going on with their investigations?

Geoff

Posted by: Hardlyworkin

Geoff the only thing posted that has made sense was posted in another forum

"It is confirmed that all the pips sites connection to the isp hosting company was hit by storm where their router was down. Please wait for the restoration of the router."

There are rumors of all kinds floating around. I choose to read them and ignore them.

Posted by: forwardone

More to chew over.

Quote:

Originally Posted by Tom Broadridge
Hi All,

I just received a call from Bryan, he asked me to make this post as, unfortunately, due to circumstances beyond his control, he is unable to access his computors http://www.auspips.com/forum/images/smiles/icon_sad.gif

Bryan asks that everyone to please remain calm, he is currently involved with meetings with the Malaysian authorities, further meetings are planned over the next couple of days to resolve a number of issues.

Bryan expressed his confidence that all issues will be resolved and asked me to convey his thanks and appreciation for all the support.

Thats it for now!!

All the best

Tom

Quote:

Originally Posted by Warren Webb
I can confirm that Bank Negara (Central Bank of Malaysia) raided the Pips offices at about 2:00 p.m. on Tuesday. Computers and handphones were seized and other materials requisitioned.

The incident involved about 15-20 Investigating officers and a number of uniformed police. The Pips and Picpay offices were closed and remain closed today. Staff were kept till late in the evening and the next day while statements were taken.

All websites have been taken down at the direction of Bank Negara's officers.

There is some speculation that the offices will re-open shortly, possibly Monday, but to what end, I cannot say.

It remains to be seen what will be the outcome of this investigation, but with recently reported debts for Picpay of over US $300,000,000.00 and very little in the way of assets to fund it, there appears to be a prima facie case for the Central Bank's concern. Myself and other informed members also share this concern.

Bryan has indicated through Tom that he is confident that the 'issues' will be sorted out. I don't share Tom's or Bryan's optimism, although it would be good if that could happen. Tom has the benefit of all the information I have and he obviously remains very close to Bryan, so it stands to reason that he has more up to date information than I do. Let's all hope Tom and Bryan are right and I'm wrong.

Geoff

Posted by: Hardlyworkin

Thanks for the information Geoff. You are right it is more to chew over. We can chew as much as we want but in the end it is all up to what the authorities come up with. I'm sure the TG people will have a field day with this.

Posted by: Hardlyworkin

Actually this seems to be taking the same course of events that is happening with GINS. The only difference is that the CAD froze all the funds but allowed the websites to stay accessable. I wonder what will happen next.

Posted by: Hardlyworkin

I guess we'll see what is in store next around Monday.

Posted by: forwardone

I`ve not got the time or the inclination to check these figures, but if they are accurate then it really does show how illogical it is to believe that PIPS was ever sustainable for long.

Quote:

$1000 with 2% interest compounded every trading day for 5 years equals the mind-bogglingly high sum of $68,582,990,784,508.61!

How many members are there? 100,000? What if all 100K members had their accounts set at 100% Re-Invested/0% Withdrawn for 5 years?

Geoff

Posted by: Hardlyworkin

Geoff, that has been debated many times on the PIPS forum. It was always stated that human nature will take over and no one will let their account sit for that long. As soon as it builds up to ones own personnal goal they will start to withraw.

Posted by: Hardlyworkin

I just saw a post on another forum saying that the offices are still closed and that the staff was told not to expect to be paid next week either.

Posted by: Owen Platt

In a phone call to the cellphone of a senior employee (probably ex-employee is more accurate) he confirmed that the offices are closed, probably permanently, the computers and documents seized and that Bank Negara are in control.
The staff have been told that it is highly unlikely that they will be paid for the coming week. Asked if Mr. Marsden was in a little trouble, he responded "not a little!"

Posted by: Hardlyworkin

Thanks Owen I guess we just have to wait to see how this saga unfolds.Was there any word wether or not funds were confiscated or not?

Posted by: hawk

Quote:

Originally Posted by Owen Platt

In a phone call to the cellphone of a senior employee (probably ex-employee is more accurate) he confirmed that the offices are closed, probably permanently, the computers and documents seized and that Bank Negara are in control.
The staff have been told that it is highly unlikely that they will be paid for the coming week. Asked if Mr. Marsden was in a little trouble, he responded "not a little!"

Your post is a bunch bull crap. You so call lead info does not come from any reliable source. That was proved in pass.
I have here through inside information from other Forum, which has proved facts about situation.

You people here need to learn from whom you are getting info.
"Bryan is confident today and the hand-over of files is not just for play.

serious querries were being taken in and not just pacifying authorities as the hecks and trolls quote.

owen blatt's post is not right ., just as an economist can't analyse pips terms of business., scams are right within the banking mode but not with pips pips is neither a bank nor just a business venture.functionally owen may expertise things ., but with pips everything can't be expressed as with some business secrets ., sealing an identity to move from malaysia doesn't matter ., if bryan had thought of escaping from Malaysia he would have fled earlier before months .,If he had opted to change the business structure he would have done it when the issues started at november end and he would have started it reducing rol and such., nothing alike happened.

The business strategy that pips follows is that of Governments and play a big-hand ., hence an opened economy is expected and feared by the government.,they just want to reduce the volume after threats and pips will be warned for open declaration of these mass facts being opened for general public for the governments care about the whole mass and not just few wealthy hands without any actual (commerical trades) that bring the bloom of their forex reserves ., If not sure a country will face inflation and I am sure this is the point opened up by owen's supporters to bank negara else it wont be taken this much .,

only after analysis as I mean pips will be warned not to open these things and not to offer greater part of offerings within their jurisdiction.,again WITHIN THEIR JURISDICTION., so the banking through malaysia will be taken off is the revealation I feel(regarding owen's threats).this is just an economical threat offered to Bank Negara by anti-pipsters else it would not have interferred ., analyse and u will find .,

behind all no entity can withstand government interference as an offshore entity within their domain., so a gentle switchover is recommended ( let's see cambodia gives prudential support at least for the coming few years)

If it's a ponzi bryan wouldn't have let the withdrawals in nightmare as growth gives more growth and some of the posts in talk gold gives such an identity., some body named dirty bird gave such a response I have answered that do check at TG trolls thread in ROL club index.,

it has visions better than a business.

okay the support part is over ..

Now facts;

The pips offices are opened today in the sense of convening the meeting ., note here the meet among staff's were not convened at bistro.

second one today's revealation took the image of offices being at work but office is open ., to avoid useless sitting there without computers the staff's are let home for the entire month .,

another one fact is no time-limit is counted for pips offices to be open .,Bryan feels it may take some time ., it certainly does mean over the month and may be on september or october .,Not clear about ., here Bryan is not clear about.

but Bryan has everything legal and the delays are sure the points from Bank Negara and they have a lot of issues to face .,

But nothing left for crap., don't beleive negatives.,the above said is the fact today. But in the meantime I insisted the person to make a meet with Bryan that I will convene the relevant info for BRYAN SURE FOR HIS NOBLE VISION and not just for my investment ., I support Bryan apart from his business move as a man with Noble vision.

Bryan even if he intends to post cannot just b'coz there are a lot of hazards in posting in another one forum and people may suspect the identity being posted.,

Don't rely upon faizal's (said to be )post., time -taken does not mean hampered., sure a compression is meant and sure is a need for pips ., bryan was not aware of the bullcrap all through and he faces all such threats single handed., several staff's were given an option to take these days as holidays untill the Bank declares the clarified info for pips.,

so the staff are taking holiday in the sense they worked hard ., Bryan would never give them rest., But they had it now. http://www.rolclub.com/images/smiles/icon_lol.gif

But nothing is there to worry ; Bank negara has to reveal the facts by this week and sure investigation is on and several senior staff's are asked to attend their enquiry after their part is taken care into investigation.

so nothing to worry.,the staff's remain confident.

But can't hope anything by this week (regarding office opening ).

But Bank Negara may reveal things up.

BUT HAVE CONFIDENCE WE HAVE EVERYTHING RIGHT TO THE POINT.

Also I asked about sending the faxes and support letters to bank negara .,a clear info will be posted after the person provides clear communication with Bryan.Untill then please don't send faxes or documents to Bank negara..please.

I will keep in touch with you.

Even I am tired about this people giving quantitative analysis over and over for their bullcrap., (Talk gold and the wonderful economist and the group of anti-pipsters) but investing in pips is rather economical and give worthwhile returns for you "owen "than to write books and earn out of it., http://www.rolclub.com/images/smiles/icon_razz.gif ....

I will post once I get some other clarified Info ., so no moves can be expected untill this week and it will confirm whether this month or next for pips to re-open .

BUT SURE IT WILL RE-OPEN ., WILL ALTER ITS BUSINESS AND RESTRUCTURE IN THE SENSE OF JURISDICTION., else bryan will have his vision folded by the trap of world's government and we sure can get a small piece of income a bit larger than what the banks do ., This is what they (owen blatt's ) group expects., as well bankers do expect.

ever friendly
swami nair

meantime pipsters should share the vision why not we do some business and do helping hands for other pipsters who are needy and generally something to give potential income ., sure don't misunderstand to have lost hope ., let bank perform its function for their country's sake ., let's do share the Bryan's vision and support pipsters.

Posted by: Hardlyworkin

Hawk welcome to the forum, thank you for the clarification. I too have seen that information posted on another forum. I guess we'll just wait and see what happens next.

Posted by: mgonfshn

Thank you "Hawk" for your input! I have been a PIPS member since Sept 04! I (as every other pips member) are very interested in the PIPS' situtation, and am wondering if there is any other forum that will give me the correct, current information. I ran across this site by accident and would prefer to only go to one forum for this updated information. Your response is appreciated!

Posted by: Hardlyworkin

mgonfshn first off welcome to the forum. There is another forum http://www.hyipdiscussionforum.com/ that has a similar PIPS folder with similar if not identical information. What is posted wether it be correct,current information remains to be seen in any of the forum you have to draw your own conclusions.

Posted by: hawk

Quote:

Originally Posted by mgonfshn

Thank you "Hawk" for your input! I have been a PIPS member since Sept 04! I (as every other pips member) are very interested in the PIPS' situtation, and am wondering if there is any other forum that will give me the correct, current information. I ran across this site by accident and would prefer to only go to one forum for this updated information. Your response is appreciated!

I would be glad to help you. Here are several Forums that you will get most accurate and latest info on PIPS developing.

http://auspips.com/forum

At moment they are over flooded so bandwidth exceeded its limits. You need to keep checking periodically.

Also

http://www.rolclub.com/viewforum.ph...949dd4915d87e5f

This one is also free. Look for Nair username. He is most credible inform person besides Bryan on PiPS situation.
An other reliable person is Suzanna.
This Forum is also free from Trolls.

Also
http://www.btillc.org/forum/index.php?showforum=32
This is paid membership Forum so I do not know if you can read all.
Very reliable source of information.

Bottom Line beware of postings from Owen Platt. He is member at many Forums.

Posted by: jkelner

I suppose my post is totally different from anyone else’s here or anywhere for that matter.

With the complexities of such an event that has occurred, it is difficult to know where to begin my rant , as it may seem long winded, off the topic, but I will try…

In order to make any life changing decision, it is of paramount importance to know the world we live in. In order to achieve this knowledge, once must look into history as it holds many answers, but also secrets and questions.

With out a doubt, politics is THE most important factor, as it is the decisions of the people in power that shape our lives.

Throughout the ages of man, there has been a never ending quest to rule and conquer.

The Persians, Egyptians, Greeks, Romans, Chinese Dynasties, Spaniards, English, The Ottomans, The Americans J are few examples on our timeline.

With power comes money and vice versa. In the good ol’ days, you could have an army, conquer, rape, pillage, make people shake in their boots, and kill them if they were of no use. Things have changed a bit since then, and the power of the muscles, has been transferred to grey matter.

Fast forward (nee rewind) to the 18th Century, where from an unassuming background, this person born, who would shape the way the of the civilised world in such a manner that would become undetectable to anyone, and to an extent that was so un-comprehendible that it would be dismissed as untrue. This person is known by the stage name as Meyer Rothschild "the most powerful man who ever lived"
From his humble beginnings he rose to meteoric fortune, and with this came power.

He was responsible for; the Great Depression, England’s victory over Napoleon, the financing of WWII. When I say “He” there is never really one, but an entire support group…

The current events that shape our world, although seem spontaneous, have been planned long long ago, but have been put into a precise well oiled machine (stepped up) since the days of the first Bilderberg convention.

What has this got to do with PIPS? Plenty! Knowing how and who operates the financial world, one is able to make an informed decision on which path to take.

Hindsight is a wonderful tool, and can be used if one knows how.

Take for example, the money market, ie. Stocks, bonds futures, etc. On a particular stock, one can make eg. 30% in 3 months, or on another, 500% in one month.

There are without a doubt many entrepreneurs out there who are successful and/or have made (lots of) money.

If I know a way to make money, AND, I want you to have a “slice of pie” I may involve you in some form of shares of my stake. I certainly would not show you where the goose that lays the golden egg resides.

Take the dealings of one individual who we have focused on at this point in time.

Could this person deliver on his offer of 2% per day? Would his investments cover this? If so what would be his return? Could this be sustained for any period in time?

Could this be an elaborate hoax? Or could the world’s financiers be closing down a “not one of the boys”.

A couple of years ago an “entrepreneur”, Henry Kaye (Kukuy) had a great idea, to show the mums and dads how to invest. What’s one of the most logical places to invest …. property.

Appealing to “logic” he held seminars, etc, etc. Opened up the Nation Investment Institute (sounds impressive), an elaborate plan to painfully extrude tens of thousands from people to attend his seminar on how to buy his over inflated properties.

Who was on his pay role? Bankers, Construction firms, assessors, essentially the whole spectrum associated with the business. By the time ASIC stepped in, he dispersed the monies in approx 140 different companies, was told to hand in his passport, but later said, can I have t for a while, I’ll come back… promise…

He was responsible for damaging a multi billion dollar industry in Australia.

Cases like this pop up from time to time, and it is up to the weary to spot this and make the correct decision.

Prior to making a comment to my post I would urge to research some of the topics touched, and spend a bit of time acquainting oneself with a bit of reading.

Those topics will branch out into other areas which some may be aware of , others may have no clue. In which case do not expect to be enlightened in one evening infront of the PC.

There are few golden rules in life, one of them being if it sounds too good to be true it usually is.

Posted by: pantera

Well I Was Real Happy And Waiting On A Few Merchant Purchases Before Everything Went Downhill. Put In My Investment And Waited For A Year And Then Made A Few Withdrawls And Then This Stuff. I Hope Things Turn Around Before March Of 2006 Or Sooner. I Was In Ginsystem As Well And That Is Gone As Well. Its A Shame I Found Mjesales And Tmmarketing To Be 2 Great Companies To Spend Picpay To Instead Of Waiting The 6 Months For Checks.
Keep Me Informed Please If Anything Good Happens, Thanks

Posted by: Hardlyworkin

jkelner welcome to the forum. Come back and visit us often.

Posted by: golddust

Yes jkelner welcome to the forum. As to your post indeed, you have not even scratched the surface of the factions that control world economies.

golddust

Posted by: jkelner

Hi guys,

Thanks for the kind welcome.
It would be interesting to see how this pans out...

Regards,
John.

Posted by: forwardone

A further step on the road to the possible discovery of the `truth` is a meeting that`s said to be taking place in September in London.

Quote:

Along with a group of investors, I shall be meeting with the Director of Investigation for Bank Negara in London on the 12th. and 13th. of next month.
His confirmation of the meeting included the following:

Geoff

Posted by: hawk

Quote:

Originally Posted by forwardone

A further step on the road to the possible discovery of the `truth` is a meeting that`s said to be taking place in September in London.

Geoff

That meeting is worthless and waist of time.

Pips is getting back with usual business in short time.

Posted by: Hardlyworkin

Quote:

Originally Posted by hawk

That meeting is worthless and waist of time.

Pips is getting back with usual business in short time.

Let's hope so hawk but right now no one really knows do they?.

Posted by: Hardlyworkin

For what it's worth Picrealty, Pipsbistro and Pipspremiere are back online!!

Posted by: golddust

I read yesterday that (Tatijano) Fred and Charly were enroute to Singapore and were going to visit PIPs.
I found this to be quite intriguing, as Fred intimated last week that members were in for a "big surprise"...

golddust

Posted by: Hardlyworkin

We all wait patiently for real updates on progress.

Posted by: forwardone

An interesting (but lengthy) read for any who might have lingering hopes that PIPS will return can be found here, in a thread discussing whether PIPS is a scam, and whether they are acting within the law:-

http://www.thehyipforum.com/showthr...41&page=3&pp=10

Posted by: observer

I am not one to comment, but I think I shall today. This is only my opinion and so therefore can not been seen as anything other than that. Therefore, it should not be viewed as slanderous or accusitory.

First I would like to say to you people that have nothing nice to say you seem to have really sad lives. Afterall, your comments show me that you have no faith, trust or knowingness. It seems that you live from accusations not fact. It is unfortunate that the picture I got of you were ravenous dogs that would attack their own owner because they lack the mental compasity.

I really though that American's and other democratic society's believed in innocient before proven guilty. I guess that went out the window months ago. All I see from most peoples emails are accusations that have no substantial evidence and if you believe that email on the HYIP forum than you are as much a fool as the person who posted it.

I don't mean to be crass but I must say that anyone could have wrote that. You don' t need a legal background to be write a lie (sorry I mean legal) document.

Whether Brian Marssden is innocient or not he should be considered so until he is proven otherwise.

Secondly, most criminals do not continue to respond to emails and give hope to people if they were planning on taking their money by creating a scam. Generally, they would be in some country that does not deport criminals and drinking margaritas on the beach.

Third, the BMN bank, if they had already come to a conclusion on Marssden and PIPS, would not have posted the statement on their website that they presently have explaining there investigation. Although it lacks a complete outline of what details they are presently investigating, that is because if information got out from them and they were incorrect about any statements they published or forwarded to the general public they would be in a world of hurt from lawyers, as they could be sued.

If people would look at things through process of elimination then all is logical, but like I said ravenous dogs lack the mental compasity for logic.

P.S. I worked for a company 4 years ago that had accusations laid against them and they were shut down by the securities commission in their area until a full investigation could be completed. This company went through a lengthy amount of auditing, legal recourse etc and in the end the President of the company was found innocient and there was no substantial evidence to prove there was any illegal activity taking place. It was because of jealous, insecure people who could not handle someone in the world doing better than they.

WITH THAT BEING SAID:

" You can tell more about a person by what he says about others than you can by what others say about him." Leo Aikman

P.P.S. I hope that none of you ever have anyone accuse you of something that could possibly be false or misconstrude in any way, after all what goes around comes around.

Posted by: value4money

observer, I often think that frank and friendly verbal exchanges can be healthy, and one thing I`d hate to get involved in is a slanging match. I`m not personally invested in PIPS, it just never appealed to me, not because I ever thought that it was a scam, but I had other irons in the fire at the time. So, I`m simply an unbiased observer in all of this, as I imagine a lot of other posters are also.

Let`s turn all of this around, shall we? Instead of reading much of the time the reasons why many believe that PIPS won`t return - the fact that members have failed to receive payments for many many months, Bryan has not come through with his promises to set up bank accounts in Cambodia (I think it was) and in lots of other places, that sooooo many lies have been told along the way, that his staff have been quitting on him right, left, and center, that the Bank of Negara is investigating PIPS, ETC ETC... Why don`t you tell us why PIPS will, in your view return?

Tell us why members should put their trust in him? What will be different next month to this month? How will his revamped program benefit all the members in the weeks and months to come? In short, why do you believe Bryan?

As I said, let`s extend the invitation to the PROPipsters to give the nayslayers, whether observers, or members, the answers.

Posted by: value4money

Interesting! Not ONE taker who can say anything POSITIVE about their program or leader and back it up with proof. Now that tells a story.

Posted by: Hardlyworkin

Everything right now that is floating around is just speculation on everyones part. Since Bryan is the only one who really know the real story on what is happening behind the scenes everyone just sits and waits for updates and information from him. Granted the updates are few and far between but they do come. Right now everyone has their own opinion on what is going on and what will happen.

Posted by: observer

Quote:

Originally Posted by value4money

Interesting! Not ONE taker who can say anything POSITIVE about their program or leader and back it up with proof. Now that tells a story.

Dear value4money,

First of all I can tell you have no patience. You change from asking people yesterday to respond on their positive experience, to assuming that there is not one taker who can say anything POSITIVE about their program without giving someone time to respond with grace and tack. Maybe people do not want to take the bone in which you have dangled in front of the computer screen because they know that they will be attacked by rabid dogs that are hungry for blood and will settle for nothing else.

You ask for proof that the program will return, that Bryan is a honest person. Sometimes in life proof is not always seen. For example:

I know that there is wind, although that I can not see it, I know it does exist. I know that there is God, although no one has any proof, I do believe there is. Your own american currency(therefore the government) trusts in God "IN GOD WE TRUST" is right on the American dollar bill. I know that love, although something we can not see it, does exist. Although all of these examples are something that I can not see or can hold in my hand as matter of proof, I know that they exist and that I did not get my knowingness from the internet or someone elses opinion. I received my knowingness of these items from my own experience. All that has been posted on Brian Maarsden and PIPS on the internet is all from others experiences or beliefs. They are not from evidence or fact.

Whether PIPS comes back to life or not, is not for me to judge or predict. For I will sit, wait and trust that maybe there are things in this world that I do not know and that in order for me to learn I must just observe with patient. I truly believe that it takes a bigger person to stand up and be impeccable in front of the world, even if they are the only voice that is willing to do so, than to join with the crowd of rabid dogs.

P.S. "What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way." Bertrand Russell

P.S.S "To succeed, we must first believe that we can." Michael Korda

Posted by: Hardlyworkin

Welcome to our forum observer glad to have you with us. I'm sure that you will add some variety to the forum.

Posted by: value4money

Quote:

Originally Posted by observer

You ask for proof that the program will return, that Bryan is a honest person. Sometimes in life proof is not always seen. For example:

I know that there is wind, although that I can not see it, I know it does exist. I know that there is God, although no one has any proof, I do believe there is. Your own american currency(therefore the government) trusts in God "IN GOD WE TRUST" is right on the American dollar bill. I know that love, although something we can not see it, does exist. Although all of these examples are something that I can not see or can hold in my hand as matter of proof, I know that they exist and that I did not get my knowingness from the internet or someone elses opinion. I received my knowingness of these items from my own experience. All that has been posted on Brian Maarsden and PIPS on the internet is all from others experiences or beliefs. They are not from evidence or fact.

I completely agree that God and the wind exists. We see evidence all around us in proof of this. No we can`t see them - but yes we see their effects.

But, how can you possibly equate God and the forces of nature with a human who has broken promise after promise? Members HAVEN`T been paid, many for over 12 months. That in itself should convey major doubts to anyone about the honesty of the PIPS Admin, Bryan, nevermind all the other reasons not to trust him. Have you actually sat down and worked out how much PIPS would have to pay out with all the back interest they owe the members?

Faith is one thing - credulity another.

Posted by: poldo

I cannot imagine a God who rewards and punishes the objects of his creation, whose purposes are modeled after our own--a God, in short, who is but a reflection of human frailty.
Neither can I believe that the individual survives the death of his body, although feeble souls harbor such thoughts through fear or ridiculous egotism.

Albert Einstein

Posted by: golddust

Quoting Einstein leaves room for considering his opinion, it does not mean that it is an absolute fact. Getting into the realm of a higher power, (or not) as causation for Bryan's actions as they pertain to PIPs, is going to provoke a theological thread to which there are only opinions, no answers.
As I see it, Bryan is another one of those "sociopathic" individuals, caught in a web of his design, as others we have experienced in other BIG MONEY programs. There is evidence circumstancial and factual, which leads any given individual to their own conclusions regarding the status and fate of PIPs.
The quotes of great scientists, philosophers, writers, the Bible, Torah or Egyptian Book of the Dead, explain or describe the experience and facts of history. I think history is still being written about PIPs.

golddust

Posted by: hawk

Quote:

Originally Posted by value4money

Faith is one thing - credulity another.

Your ignorance in statement is proof to us readers that you do not have a slice idea of whole situation of PIPS. If you would follow situation from beginning than you would have a better picture.

Bryan did not broke any promises and delay of payments is not proof that members will not get paid, so if PIPS is on hold because of investigation, it no were is said that is closed and everything lost.

Problem is that many people are influence from reading a garbage from TG Forum, and if they could sustain themselves from going there, they would have a much better and more intelligent understanding of whole situation.

Posted by: golddust

hawk, I think perhaps a lack of understanding exists with what you intend to say and what comes out in English. As I understand what you are saying, ' PIPs is under investigation, but that does not mean all is lost. OK, now try an understand the English response to what you have posted.

Your response:

Quote:

Your ignorance in statement is proof to us readers that you do not have a slice idea of whole situation of PIPS. If you would follow situation from beginning than you would have a better picture.

causes me to respond, that there is no "ignorance in statement" evident, yet begs me the question what is the "situation from beginning" you can report which will give us a better picture?
Please try to understand the English that has been posted, before you attempt to provide a defensive answer. If you have good reasons or arguements that PIPs will resurrect and start paying members what is owed, I am certain that MANY people will be interested in your knowledge.

golddust

Posted by: DontBefooled

Quote:

Originally Posted by hawk

Bryan did not broke any promises and delay of payments is not proof that members will not get paid, so if PIPS is on hold because of investigation, it no were is said that is closed and everything lost.

hawk you really don`t have a clue what`s going on I`m sorry to say. PIPS was on hold WAY BEFORE the Bank investigation. How can you possibly say that Bryan hasn`t told any lies? How long is it since you or any other PIPS member has been paid? If you haven`t been paid you`ve been lied to. Where is the promised bank that Bryan was supposed to be setting up accounts with? He hasn`t opened them - he lied! Some of you pipsters just aren`t in the real world. You attack other members who voice their opinions, yet you can`t come up with one iota of proof that PIPS is genuine, just `wait & see` `have faith.`

For the small minority who still believe that Marsden`s not a scammer, and that PIPS will be back, take a look at this-

Quote:

Mr. Abbu Hassan, (Director of corporate communications) passed me to Mrs. Lee Bohfong (Lead investigator of PIPS case).

Mrs Lee Bohfong confirmed: There where NO court proceedings of ANY type concerning pips (this includes labour dispute) on November 17th or anytime since the shutdown of pips websites.

Bank Negara was unable to answer any of the questions pooled from this forum. Except for one:

Question: I am aware that Negara cannot outright say PIPS is a scam, however is there anything I can inform the others? Because there are many that still do not believe it is illegal and are still trying to setup accounts and provide support.

Answer: On our website it says that we are investigating pips. We would not be investigating this company if we did not believe it was a scam.

=-=-=-=-=-=-=-=-=-=-=-=-=-=-
These are EXACT words from the conversation. Anyone that doubts the validity of my information is more than welcome to call Mrs. Lee Bohfong and see for yourselves.

Bank Negara Malaysia: 011 603 26988044
Ask for Mrs. Lee Bohfong. (Call preferably after 2pm Malaysia time)

Quote:

Answer: On our website it says that we are investigating pips. We would not be investigating this company if we did not believe it was a scam.

Of course they believe it to be a scam, and in time they`ll reach the same conclusion as the rest of us with any sense - PIPS IS A SCAM!

DontBefooled

Posted by: hawk

Quote:

Originally Posted by DontBefooled

I am sorry to say but you are either product of TG brainwashing or you are just immature to see facts.

You are one that have no a clue of real situation, and I suggest that you do little more reading and educate yourself on facts before post such nonsense.

I can't spend hours of time to educate you what really happened in past year.

Also please study definition of "Scam" and I am sure you will find out that PIPS DO NOT belong in that category, regardless you believe to that or not.

Posted by: value4money

Quote:

Originally Posted by hawk

In other words be brainwashed at RolClub?

Posted by: hawk

Quote:

Originally Posted by value4money

In other words be brainwashed at RolClub?

At least that is place to get real truth.

Posted by: golddust

Quote:

Originally Posted by hawk

At least that is place to get real truth.

From Rolclub????

golddust

Posted by: hawk

Quote:

Originally Posted by golddust

From Rolclub????

golddust

Sure beats news from here. Why is that everybody copy news from there and post it here.

Posted by: Hardlyworkin

ROIclub is just trying to keep everyone updated on what is happening I don't thing they are trying to brainwash anyone. We are all entitled to our own opinions after reading any of the vaious updates on PIPS.

Posted by: golddust

Rolclub has a takes a very partisan position. I did not say 'brainwash'. If someone becomes brainwashed from reading Rolclub it is because they believe everything they read, and they are only reading news at Rolclub. JMO.

golddust