Interesting,

Like everything in life, you have the winners and losers, sadly, the losers will always be more than the winners. Nice to hear some got there money out fast, but like most here, we believed this scammer in those early days, but like Yogi said, most who lost came to learn about PIPS at a later time.

I was in from the start, not that it helped much, for I was looking at long term, and was prepared to be disappointed from start, but I know others who did make money like Eman did, so great on you, glad to hear someone made out, but, and this is a BIG BUT, who did it hurt? It hurt thousands who came in at later date with GW and then PIPS, and that is the real issue here as I see it.

What still to this day amazes me is how well Bryan lied to us all. I can read people extremely well, for I have come across many scammers in my life, but Bryan had me fooled like none other before him. At first convention, in Vegas, I looked into his eyes, talked with him, and he was just so low key, not like any scammer I have ever encountered before. No hype, just a sense of surety, like it was a matter of fact, so don't ask. lol

Well, what gets me is how I was fooled, never mind all the rest of us. This is why I want to see it to the end, I am just so curious to see the truth come out, there were never any investments, period. Bistro was nothing more than a front to look like the real deal, and it worked, you cannot hide a hard asset, although we come to learn he didn't own it to start, nor did PIPS, a front man was used to get license, so who knows what was owned by PIPS, seems like nothing to me.

Again, the Bible deal was the only verified investment made, how much, who really knows, but even if it was the $250K thrown about at the time, this was chicken feed compared to what we were all told. I would have no problem with Bryan if he was honest, but I could see it in HI that it was all coming unraveled, just looking at Bryan, he looked sick, and the excuse of food poisening was a convenient excuse, for he knew all these people there were about to be screwed over like never before. Even low life liars like Bryan had to have a twinge of remorse over what he had done, or at least I would hope so, but who knows, he was so slick, so convincing, you just wanted to trust him given the message to help the less fortunate.

Again, who knows what the truth will be, but one thing I know to be true, he was an outright liar who decieved us all, even if some did make money, you did so under a totally dishonest scheme called PI, GW and PIPS, and this is what doesn't sit well with most of us here. I would assume the ones who did make the big money would never show their face knowing what we now do, but that is just the nature of these deals, some win, some lose, and this one had a 1000 losers to each winner, as is the case in all pyramids, very few will be ever be the winners.

Good luck to all, Mike

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I want to thank another support with a donation just received from our member, Ventureon. We are humbled by your support shown.

YB.

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I agree with investing our donations in the existing program.

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Ray

The full Trial report can now be followed on a new thread, and will be locked. Discussions will continue to take place within the Assignment thread and no other is allowed to be opened. This is another way to maintain some DD for those who are impatient with reading up... its a way to help them get the picture from within the same thread everyone comes in here to be active with.

Click this link to read more on the court trial proceeding>>: The Trial on the Marsdens & their PI Inc business in Malaysia /

http://www.rolclub.com/pips-program-...tml#post301871

Click HERE for Batty's pics while covering the October Trial

August is over and we move forward. This August thread is to be closed. Go to HERE to continue with your posts.

The Admins.

I think you guys have forgotten another "investment" by PIPS - the silly fashion house, BAJI or whatever it was called!

IMO, Bryan thought with PIPS, he could actually create a mini economy modeled on how commercial banks work. What he conveniently ignored is that banks don't pay their lenders 2% per day! Moreover, he doesn't have the license to practice fractional reserve banking. Otherwise, he could have created 5 fold whatever was deposited with him out of thin air. This would have greatly helped. LOL!

He also thought that investors would actually go slow and build up their units. If I remember correctly, it takes something like 3 months just to breakeven if the minimum deposit of $450 was left untouched. That would have given him time to not only stretch the ponzi but to actually find some legitimate means to invest the deposits. Remember, he put ads in the local papers looking for forex traders? Apparently Gary had some experience doing trading as well. However, the unexpected tsunamic response meant that money kept pouring in and the bigger investors could start reaping returns without waiting too long. Bryan had to comply or risk looking fraudulent. This was the point when it started becoming a full fledged ponzi. There simply was no other option.

Bryan became drunk by the sheer ease of how large amounts of money kept flowing in that he actually began believing he could run a mini economy. Theoritically, as long as claims were not made simultaneously by everyone, PIPS would not suffer a "bank run". As it kept growing and the demands for withdrawals escalated not in tandem but way beyond, he had to find more ways to get larger lumpsums of money coming in. Hence, the bistro franchise scheme. He was hoping that people would be gullible enough to pay, what, 6 figure amounts? So the model bistro in Nilai was set up not so much as a stream of income but to prove/show how a PIPS bistro works. Unfortunately, people prefer easy money and I think no one fell for it. Also, there was that ridiculous 3% programme that was oh so much more attractive. The poor and unprofessional PIPS administration wasn't exactly confidence building either. If you can't even do paperwork properly, how are you going to cope with something as harsh as the Food & Beverage business. This was the beginning of the end.

BAJI was set up so that PIPS could hobnob with "society types" and perhaps lure/fool value added investors. Once again, the urgency for large injections of cash. You need to understand that by this stage, desperate times called for desperate measures. Anyway, as we all know, by this time, the whole joke called PIPS imploded and the authorities swooped in. Game over!

Bryan was still tenacious, though, and thought he had better squirrel away some much needed cash for when he escapes from Malaysia( he was confident he had enough clout to do so. Sorry man, the days of the British Raj are long gone! LOL! ) Therefore he tried expanding halotto or whatever crap that was. This time round, people couldn't use Picpay and was forced to pay cash and this was absolutely delicious to him. Not only did this fail, the members caught his identity lie( can't remember the details why he resorted to that. ). By now, it was jail time.

All in all, we have here someone who thought Malaysia was corrupt and lax enough to allow him and his schemes to thrive. Perhaps he believed hobnobbing with powerful people and royalty could cover his ass. Worse case scenario - bribe the right people. It was verrrrrry poor judgment on his part. Too bad!

Unfortunately there are people who will never believe that BM was a con man, whilst others believe he was.

HENCE THE NEED FOR BATTY TO ATTEND THE TRIAL!

Having attendance at the trial is THE ONLY WAY to satisfy EVERYONE'S quest for the truth.Give whatever you can to this worthy cause.

Thank you ROL members for your support!

Thanks for the vote of confidence. I will try to bring back the news. I am very happy this trip as I had manage to give the members a view of the duo. It was the least I can do.

Hopefully the trial starts soon. I am begining to think I am caught in a loop in time. LOL

Cheers.

theBat$

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Hi all,

Here are some info I got from talking to a two court officials.

Comments:
You can imagine my amazement. Sacking their lawyer prior to starting of the trial. Are they really that clueless or intend to prolong their stay in the Malaysian hospitality (prison)?

Comment
BM probably is still trying to cut a deal and if the British Authorities get involved he would face prosecution back in the UK too. So that's why he is staying put. Hopefully the new lawyer who requested the case be brought forward for him to study it, will be much better than the previous one.

Cheers.

theBat$ - All reports done.

p/s Click my link to put some color into your desktop and support me!

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Thanks theBat$,

Simply amazing, I can only imagine how frustrating it was for you to hear the same old same old on every visit. I beginning to think Bryan doesn't want out, too many enemies awaiting him on the outside who he had destroyed their hopes, dreams and in many cases, their lives.

Thanks, Mike

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Hi Bat$ thanks for you efforts

Has the trial been posponed again? Or is it on again Monday