Thread: Pips info!

Originally Posted by trale

How can you know all this?

Were you close to Brian Marsden?

How do you know the money WAS there?

Originally Posted by Thelema

I remember when I spear-headed a push to get Bryan to use e-bullion; the owner of e-bullion thought Marsden was either a mental case or that he was operating a scam because of the absurd run arounds Marsden was giving him.

Unfortunately for us, this does sum it up not only nicely but also completely.

Question to Owen by

Originally Posted by trale

How can you know all this?

Were you close to Brian Marsden?

You ARE RIGHT Trale. He and anybody else do not know all information.
They assume things. Money was always there and was enough to support Pips operation (least as before BNM step in) but now is frozen by ION and BNM banks. Actually money was stopped of operation even before BNM took office equipment. Since BNM does not have solid case against Pips and lack of evidence, it keeps them from concluding a case. So far they only come up with money laundering which also is up for clarification. Nothing yet to be 100% assure of final conclusion.

We still need to wait for court. If BNM does not come up with better solid evidence, everything will wash out by judge. This is what is in discussion right now between both sides.

There are too many unanswered questions to this puzzle.
For example:
1) Was the origin of the 2% way back in 2003 a scam?
I received payment from this investment and so did many others.
2) Were the 2000 + accounts given away to MM members, in 2004
when PIPs was formed, just numbers on the screen?
Funny, because I recall members adding quite a bit of their own
funds to these accounts and withdrawing large amounts long before
we experienced any large influx of "new" money into the programme.
3)Was Elizabeth and all the staff at Picpay in on this non existant
investment, and knowingly so, would not at least one of them have
made some kind of statement to the authorities rather than face
complicity allegations?
Funny again since not once was a murmur heard from that quarter nor
have we seen any reference, apart from BM and his good lady, to any legal
proceedings issued against any other member of the PIPs organisation. Does it not seem stranger still that BM on his own admission, could pull of such a coup with no help and no clue to anyone else as to what was going down. Seems, on that basis alone, he was the banker, the teller, hid all the money under his matress, and all the PIPs management/employees were just paper people in cardboard buildings.
4) The numbers on a screen never paid for two conventions. PIPs paid for those with hard cash. We could pay to attend with non existant Picpay.
That does not equate at all, since here is Bryan, scamming all of us, then paying out over $1M so that we can have fun in Hawaii. Sheesh, we need more people like that.
5)You give far too much credance to our friend Mr Owen, who talks with authority about specialised banking proceedure, seems to know every aspect of this industry, yet walks away from a fat cat job, if he was ever in one, to write novels. To state as he did, enquiring and receiving feedback about BMs dealings in Panama leaves him wide open to the strict privacy agreements Panama exercise for all offshore customers under penalty of imprisonment for any citizen who breaches such agreements, yet he makes his claims and so called correspondence public knowledge. What bank did you work for Owen??
I,m sure they will be quite worried, especially your banker friend in Panama.

There are lots of peculiarities about PIPs that dont fit any known pattern, whatever road you take, whether you believe it was all genuine or not, but whichever path it is, there are questions that cannot be answered, questions that defy a logical answer, may even raise doubts about your own reasoning, so be it. I dont think we will ever know the full story, during or after this trail, because that story is not the contender here.
Best wishes
paddy

Paddy.

No doubt you're aware that there are thousands of us all around the world with similar thoughts and questions and I agree that we may never learn the whole truth.
One thing I’m certain of though; the cat will not go back in the bag, not this time.

I still think BM scammed us, in order to change my mind, you would have to prove to me that ALL money in Picpay was real, but I do agree we may never know, the fact is most members didn't get paid, but funds were kept on being accepted.

I hear in some cases, when a program got shut down, people do get some of their money back from the authority, but it would take years to happen and those cases were handled by the SEC.

I want some answers as much as the next person, but generally speaking, this kind of things are seldom handled in any speedy manner, be patience, which we are all very good at.

as we are in People In Patience System

Originally Posted by GeoSphere

I still think BM scammed us, in order to change my mind, you would have to prove to me that ALL money in Picpay was real, but I do agree we may never know, the fact is most members didn't get paid, but funds were kept on being accepted.

I hear in some cases, when a program got shut down, people do get some of their money back from the authority, but it would take years to happen and those cases were handled by the SEC.

I want some answers as much as the next person, but generally speaking, this kind of things are seldom handled in any speedy manner, be patience, which we are all very good at.

as we are in People In Patience System

People in Patience System Appropriate that is !

Shut down August 2005,now March 2007

Originally Posted by chin-lee

Question to Owen by

You ARE RIGHT Trale. He and anybody else do not know all information.
They assume things. Money was always there and was enough to support Pips operation (least as before BNM step in) but now is frozen by ION and BNM banks. Actually money was stopped of operation even before BNM took office equipment. Since BNM does not have solid case against Pips and lack of evidence, it keeps them from concluding a case. So far they only come up with money laundering which also is up for clarification. Nothing yet to be 100% assure of final conclusion.

We still need to wait for court. If BNM does not come up with better solid evidence, everything will wash out by judge. This is what is in discussion right now between both sides.

Just more assumptions ! The very thing you accuse others of.Pips will NEVER be back period.

Paddyfield - I would not normally have responded to your last post but as I see that it contained some gratuitous implied criticism of myself, I thought you deserved to have a response.
Firstly, I did not "walk away from a fatcat job." This is more generally referred to as "retirement," and I still retain a non-executive role on the board.
Secondly, I have never written a novel and probably never will. I have, however, contributed to a good many offshore financial journals and my book, "One Big Fib," is being used by many lawyers in the oncoming case of the First Financial Bank of Grenada.
Perhaps you can show me where any financial information of Pips and the Marsdens in Panama was divulged by myself? To my knowledge, the only information was from that of their supposed Registered Agent there, hardly a breach of confidentiality. I have made no mention of any bank in Panama (although I did work there for a while).
I would not be so indiscreet as to publish the name of my bank on this forum. However, I will be pleased to forward a copy of my current Curriculum Vitae to your mailing address - on receipt of yours, of course.

Paddyfield,

Excellent post and very well sumirized.