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I haven't read all messages, but I want to say THANK YOU to Marel, and Rolclub, for keepinf us updated on the happenings of PIPS, for investigating and confronting Bryan.
It just seems like if everything were above board with Bryan, that pips would still be fine. There was just too much secrecy, and I have lost a lot of money to learn that anything with that much secrecy is to be questioned. There were so many unanswered questions. An investigation made it too easy to hide behind and gave an easy excuse to not be upfornt, and to get mad at people who were wondering about THEIR money! My friends who wouldn't get involved until they saw me actually make money were the smart ones... they warned me and I didn't listen! I needed money SO BAD so I could help my special needs son, I was blinded by that need. I SO hoped that maybe, just maybe, my $11,000 was still just sitting in an acct, frozen. I didn't even care anymore if I made anything...I just hoped I could get it back. I feel like such a fool. What a lesson in trusting blindly!
Even the person who swore to me that PIPS was so wonderful, and Bryan SO honest... and told me how safe my money would be, has changed her contact info!
So KUDOS to Marek and to Rollclub for keeping us informed, and for having INTEGRITY... I do trust you, because you have proven yourself to be trustworthy.
IMHO we still don't know the truth. Slick rhetorical manipulation of kindness and accusation doesn't SOLVE it either. One person who withholds the truth from me is no better, in my eyes, than anyone else who withholds the truth!
There are many possibilities. For example, we've known for some time that PicPay was used for illegal purposes by many. Buyers and Sellers. Also moneys received via illegal CC and charged back to PXXS (or whatever platform used).
I'm surprised there are ONLY 41 counts. 41 transactions worth over $7 million USD. How does that work? That's over $170,000 USD a pop +/-. How does that work?
"Claim trial" simply means B&S don't accept the charges and want their day in court.
I do agree with the idea that if it turns out that we've been "done" B&S didn't do it alone!
I agree with Everwiser on this issue. The future of PIPS is very grim, but who says we want PIPS or will get PIPS back. There were odvious issues with PIPS which would call for a total restructure. BM may be found innocent or may get off with a fine. Then at that point the monies would be realeased and a restructured program would come online, just as BM said in his posts. I think many thought "PIPS" would return and I am pretty sure that it will not. Yet the good news could be is that all our monies would be transfered to a program very similiar and we would get our money back plus a form of "rol" or whatever it now will be called. I am just offering a different point of view to the news of the day.
Regarding the charges of money laundering, I am sure that we are all aware that prosecutors the world over, if they desperately want to charge somebody but cannot find a specific offence in their Criminal Code to cover what they have done, will pick the most heinous closely related offence they can find and will then endeavour to persuade the Judge that the relevant statute can be interpreted to cover what they have acutally done.
I also think that the hand of the U.S. regulatory authorities can be seen working behind the scenes in this case. I think it is highly likely that the BN was originally persuaded to act by complaints from U.S. official sources. There is no doubt that the U.S. authorities would have acted to shut down Pips had they been operating in their jurisdiction and they were no doubt highly frustrated by the fact that so many of their citizens were participating and they could do nothing to prevent it. Pips Trust was closed following numerous 'Cease and Desist' orders served by authorities in several countries including the U.S. There can be no doubt that the U.S. authorities were the driving force behind this.
BM told us at the Hawaii convention about the problems he was having with the banks. This may have been a total smokescreen on his part but, if he was telling us the truth, then HSBC served Pips with 30 days notice that they were closing the Pips accounts. An offshore bank apparently solicited their business but, only a couple of months after the accounts were opened, they too served Pips with 30 days notice of closure. Strange action by a bank that apparently went out of their way to get the accounts in the first place! A friend within the banking industry tells me that the most likely cause of this action would be that the U.S. banking authorities served notice on these banks that, if they continued to provide banking service to Pips, their U.S. banking facilities would be withdrawn. This would mean that these banks would be unable to remit or receive funds to or from U.S. banks, not only for Pips but for ALL their customers. If this is correct, it is scarcely surprising that Pips had banking problems.
Brian
Brian, I agree completely with your thoughts on this.
Also, I will be so bold to say that this is indeed a joyful day
for all Pipsters.
Not only is there (for the first time in a very long and tedious process)
actual, REAL progress in the BN investigation. And whether these accusations
against Bryan will hold in a court, it is obvious that BN have found nothing
illegal done other than bad organising of legal issues regarding handling
other peoples money.
That means that the investments were real. That the returns were real.
(they have gotten detailed explanations on this from Bryan in the process
of the investigation, so obviously if PIPS was a scam, the charges would
express this fully). And that Bryan was not guilty of anything except maybe
receiving bad legal advice along the way.
I know Bryan as an intelligent man. Obviously, if he had intended to scam us,
he would not have spent the last year or so in a bunkbed, waiting for the
process with BN to proceed. He would have been long gone with bank
account stuffed with our cash.
Instead he is now arrested. And surely he must have seen this coming.
Because surely there is a moving hand behind this process that has
nothing to do with BN, but is more "Wall Street related"....
What is so pleasing about this development, is that Bryan will answer the
charges as they are spelled out to him. And everything said will have to be
adressed by the court, duly noted, and will be of public record.
If Bryan has done his homework, he has some good answers, and the result
will not be jailtime, but rather a very surprising vindication and some
arrogant bankers eating their arrogance.
Time will tell. But I must say all in all, what a relief to finally have some
movement in this process.
SEREMBAN: A couple was charged with 41 counts on money laundering involving more than RM26mil at the Session Court here in the first such case investigated by Bank Negara.
Bryan John Marsden - a 58-year-old British national - and his Malaysian wife Phan Sew Ken, 50, allegedly committed the offences by receiving money that were proceeds of unlawful activities in between Aug 12, 2003 and Jan 4, 2005.
The transactions, amounting to USD 7,020,887.25 (RM26, 679,371), were done through their company - New Mark Business Centres Sdn Bhd - account with EON Bank Group in Nilai, Negri Sembilan.
The couple were charged under Section 4 (1) of the Anti-Money Laundering Act 2001, which read together with Section 87 (1) of the same act, separately before Session Court judge Mohd Zaki Abd Wahab yesterday.
If convicted, they can be fined not more than RM5mil or a jail term of not more than five years or both.
They claimed trial to all charges.
Mohd Zaki set bail at RM500, 000 in two sureties for both of them separately. He also ordered them to surrender all their travel documents.
He fixed Sept 13 for mention.
Oh well, looks like it was all for nothing now doesn't it? I'd like to keep faith in Pips, but with everything that has happened since I invested 15months ago, it is testing that faith. Thankyou to everyone who has kept us up-to-date with the happenings, if it weren't for the e-mails this Aussie pipster wouldn't have a clue! I'm pist that I have lost my money, but I have my health so things are never as bleak as you think.
Some were banned and some just chose to leave this forum to jerks like you. As far as "moral fiber or backbone", you do not show us much of either when you are posting about members who have no way to legitimately respond to your post. Most have resigned themselves to ignore the rantings of the "newest" forum of TGers...
You are big with words and always have been. You were also the first to cry foul whenever someone took you to task for your comments. "Wah, wah" you cry and/or claim that you were attacked personally...What do you call your post which I quoted? "Enlightened Intelligence?" I think not...It's just an example of what you've always been about; pure slander.
As far as the events in Malaysia go, the fat lady hasn't sung yet. Hell, she hasn't even warmed up...A year of investigating and the only thing they can claim is that there was money laundered...Wow! That's news! NOT!!! Everyone was informed over a year ago that a restructure would be required. If Bryan and Pips were everything you and your ilk have been claiming like "scam", "Ponzi", "thievery", etc, there should be at least a charge of "Fraud" or "Selling Securities Without License" or who knows what. Instead the prosecutor files "money laundering"...Hmmm. Seems like a good way to save face if you ask me (which you did by being the jerks you were in your original post).
All of you complainers and detractors have really helped us to get to this point. Now, finally, Bryan can present his case and get all of this nonsense behind him. In the end, it will be you and others like you that will be proven "the fools"...
Everwiser
I knew my post would get your attention, neverthewiser, even way down in the mouse-hole you crawled into after your last post (16 August) in which you accused basically everyone left on the forum of being "sychophantic lemmings" -- the sole utterance you could manage after "barrygate" was exposed and your friends were banned. Glad to see I got under your thin skin, and brought you back into the light.
Not such a big shot anymore, eh? You, who brought the art of totalitarian censorship to a new world low. Not content to just remove posts and ban people like other members of the (former) thought police, you spliced and diced and recreated entire threads to cater to your own wild machinations (which are now a monument to the banned), then trotted around like some praise-seeking top tuna while all your miscreant fans oohed and aahed. Hope it was fun, but gee, it didn't last forever, huh?
Worse, you not only stood by but aided and abetted the merciless and systematic trashing and verbal abuse of people of good will and those with honest frustrations, month after month, while you basked in and abused your "power." I tell you this: in the ethers as well as possibly in the court of public opinion (no matter to me), that is a crime -- for which you will answer, some day, some life.
Sure, I complained when I was personnally attacked (as you have just done in your post, in your vicious little way), but not in the 'wah-wah' manner which you contend -- [typically, you misinterpret others and see only yourself and those like you, assigning the immature reactions you would have to others (I'd like to see how you'd react if the tables were turned, mr. thin skin)]; those attacks never touched me personnally, in fact they only went towards validating my points, as those who talked about honor and justice and fanciful facts, ad naseum, and then ranted and raved at any counterveling view, would suddenly become fit to be tied and show their true, childish colors, as you have here, and once again I am laughing.
On the contrary, I was just trying to see if one could justly and honestly have the forum's own rules enforced; under your watch that was impossible, as you stood by and laughed and condescended from your (formerly) impregnable perch. Thus many times I just had to bite my lip and move on. But I did manage not to get banned, even by you, and to live until another day, which happily has arrived.
As for posting about people who are not here, well sorry, but they left, didn't they? And isn't that what you and your pals used to do, day after day, laughing and gutter-balling just-banned people? You, in fact, were the worst, being a moderator and all. Furthermore, in this very thread I was the first to hint, and subsequently rush to support Yogi's suggestion, that they be unbanned!!!!! (THANKS MAREK!!! A VERY WISE AND MAGNANIMOUS MOVE, MEANS A LOTTA-LOTTA FOLKS CAN COME BACK, NO? MAYBE ALSO TIME TO PUT PIPS/HALOTTO IN THE 'CLOSED PROGRAMS' SECTION, IMHO) So I say, bring 'em on, who cares? I do not hide, as they now do, as I always knew they would. But, no doubt, as your example shows, if they do come back there will be NOTHING but personal attacks plus further hysterical hyperbole and/or extended purposeful misdirection about PIPS; what else can one expect? For that was all there ever was from that crowd.
You posed as a moderator while being an unabashed defender of Marsden's lies, a position you completely abused. Congratulations. Now, no one (but your family I suppose) has to listen to you anymore and I expect few will. Your day of come uppance has come, at least from me! Go ahead and try to ignore this! (And don't think about it later, like you haven't forgot some post long forgotten by me of months and months ago. Ha! What a laugh). I purposely called you out today (like I did to others in the past) and, with your knee-jerk reaction being entirely predictable, from now on, you simply BORE me.
Better, go back to your room full of mirrors (hall of self-inflicted horrors) with your fellow "sychophantic lemmings," where your petty sarcasm, psuedo intellectualism, careless conspiracy theories and gutless gutter rhetoric can be best put to use.
Truth, and time, is on the side of the meek and the righteous, and they have rightfully inherited this place.
Those who would try to take it back to the old days would probably have a big fight on their hands, especially with guardians like Yogi Bear around! I, for one, though, am done fighting, i.e. challenging the thought-controllers. It has been a most enjoyable experience. Let the truthful speak their mind and the truly twisted turn and wither in the wind.
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Time to pay the fiddler 
Oh well, looks like it was all for nothing now doesn't it? I'd like to keep faith in Pips, but with everything that has happened since I invested 15months ago, it is testing that faith. Thankyou to everyone who has kept us up-to-date with the happenings, if it weren't for the e-mails this Aussie pipster wouldn't have a clue! I'm pist that I have lost my money, but I have my health so things are never as bleak as you think.
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