PLEXPAYinfo from Norwegian news.

23.09.05 Warning from the US


Warning from the US
In August the office of the Kansas Securities Commissioner warned against the 33 year old Norwegian.
Tekst: CHRISTER S. JOHNSEN

The 9th of August there were issued an official warning against the 33 year old man, now accused of embezzlement, and his company Plexpay.
Banned
The Office of the Kansas Securities Commissioner (OKSC) demanded that all activity stopped immediately, when the accused and an American colleague offered investments without properly registering either themselves or the securities with the OKSC.
The pyramid-like company has advertised with exceptional profits via foreign banks. The 33 year old accused man from Trondheim in Norway was Wednesday remanded in custody for two weeks accused of embezzlement of 18,1 NOK. (about 2,323 million Euro).
Shut down
It's a complicated company-system, with many ramifications, which now is under investigation in Trondheim. The accused is supposed to have transferred money on behalf of the company members, via a Norwegian registered Ltd, to Loyal Bank on the island St. Vincent in the Caribbean. Supposingly the money has been deposited by members in Plexpay. The company website was shut down by Norwegian police earlier this week.
The investment program Global Profit System (GPS) promised their members a profit up to three percent a day. The investors could also buy and sell stocks through so called day trading. They were also promised their own bank account and credit card. To get in you had to invest $50, but if you wanted full access you had to invest from $800 - $1800.
Police investigation
Besides being in charge of the money transfer, via the company in Trondheim, the 33 year old is described as the boss of Plexpay on a lot of websites. Both the 33 year old, and Plexpay are now under police investigation.

Link: http://www.adressa.no/nyheter/trondh...icle567701.ece

Some news are hard to recieve, but necessary to be known.

Quote:

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Originally Posted by solhov

23.09.05 Warning from the US


Warning from the US
In August the office of the Kansas Securities Commissioner warned against the 33 year old Norwegian.
Tekst: CHRISTER S. JOHNSEN

The 9th of August there were issued an official warning against the 33 year old man, now accused of embezzlement, and his company Plexpay.
Banned
The Office of the Kansas Securities Commissioner (OKSC) demanded that all activity stopped immediately, when the accused and an American colleague offered investments without properly registering either themselves or the securities with the OKSC.
The pyramid-like company has advertised with exceptional profits via foreign banks. The 33 year old accused man from Trondheim in Norway was Wednesday remanded in custody for two weeks accused of embezzlement of 18,1 NOK. (about 2,323 million Euro).
Shut down
It's a complicated company-system, with many ramifications, which now is under investigation in Trondheim. The accused is supposed to have transferred money on behalf of the company members, via a Norwegian registered Ltd, to Loyal Bank on the island St. Vincent in the Caribbean. Supposingly the money has been deposited by members in Plexpay. The company website was shut down by Norwegian police earlier this week.
The investment program Global Profit System (GPS) promised their members a profit up to three percent a day. The investors could also buy and sell stocks through so called day trading. They were also promised their own bank account and credit card. To get in you had to invest $50, but if you wanted full access you had to invest from $800 - $1800.
Police investigation
Besides being in charge of the money transfer, via the company in Trondheim, the 33 year old is described as the boss of Plexpay on a lot of websites. Both the 33 year old, and Plexpay are now under police investigation.

Link: http://www.adressa.no/nyheter/trondh...icle567701.ece

Some news are hard to recieve, but necessary to be known.

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when a ceo is meant to have transfer function from home banking towards offshore bank does it mean a fraud as the company relies on the offshore activities.

U know USA never accepts offshore firms as they are the means to evade taxes and these bring lots of issues to them more over registering with them have a lots of complications right now ., also offshore investments are not allowed in any jurisdiction in the world going through the law means going through your own bank.

If the norwegian laws are tight then they should have banned plexpay entry into their homeland in the beginning ., if winded means a political scandal and to quote banks create these sort of issues they tend to curb the high interest areas where people may crowd later on .

beyond purchase of personal assets is not the cause the taxes are said to be evaded as the income shown is less than the assets purchased., its that casual he is capable of earning more and sure its needless to pay taxes to that extent do u think every businessman pays taxes perfectly this is such a case ., sure I secondate reduction in taxes when a person has his own efforts proven these governments and banks tend to curb them with high taxes and that's why tax havens are rooted.

more over the car and the beautiul house cannot maxmise the total value to that extent,the funds should have been transferred to the offshore bank account suspecting some implications on norway.

USA always fears their tax losses and nothing more to quote about the kansas option they never allow offshore taxhavens to root within usa., why those hells have delaware ,nevada taxhavens within them ., they are just hells.dont consider their bluffs selfish bugs.

ALSO IT JUST MEANS CANNOT PROMOTE WITHIN KANSAS AND ITS A WARNING NOT TO PROMOTE BUSINESS IN KANSAS., it doesn't mean not to conduct a business elsewhere.,that's why we seek taxhavens for income ., why not people yelling go through the banks for their investments why should they come here .,real profit makes the move.

remember USA is not the oxygen we breath and we have enough freedom its the referral commission that kills a program and people are hard into it selling programs and collecting money on behalf of people. this makes a crime when not done properly.

ever friendly
swami nair

Quote:

---

Originally Posted by solhov

23.09.05 Warning from the US


Warning from the US
In August the office of the Kansas Securities Commissioner warned against the 33 year old Norwegian.
Tekst: CHRISTER S. JOHNSEN

The 9th of August there were issued an official warning against the 33 year old man, now accused of embezzlement, and his company Plexpay.
Banned
The Office of the Kansas Securities Commissioner (OKSC) demanded that all activity stopped immediately, when the accused and an American colleague offered investments without properly registering either themselves or the securities with the OKSC.
The pyramid-like company has advertised with exceptional profits via foreign banks. The 33 year old accused man from Trondheim in Norway was Wednesday remanded in custody for two weeks accused of embezzlement of 18,1 NOK. (about 2,323 million Euro).
Shut down
It's a complicated company-system, with many ramifications, which now is under investigation in Trondheim. The accused is supposed to have transferred money on behalf of the company members, via a Norwegian registered Ltd, to Loyal Bank on the island St. Vincent in the Caribbean. Supposingly the money has been deposited by members in Plexpay. The company website was shut down by Norwegian police earlier this week.
The investment program Global Profit System (GPS) promised their members a profit up to three percent a day. The investors could also buy and sell stocks through so called day trading. They were also promised their own bank account and credit card. To get in you had to invest $50, but if you wanted full access you had to invest from $800 - $1800.
Police investigation
Besides being in charge of the money transfer, via the company in Trondheim, the 33 year old is described as the boss of Plexpay on a lot of websites. Both the 33 year old, and Plexpay are now under police investigation.

Link: http://www.adressa.no/nyheter/trondh...icle567701.ece

Some news are hard to recieve, but necessary to be known.

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TRYNE!!!!!!!

There are so many holes in this article that I'm not going to waist time commenting them. This is redicolous...

I just hope the allegations are false, Frod gets freed from jail soon, and things get back to normal. I have funds waiting in my bank account waiting to invest in Plexpay once I receive the all clear signal.

worf

where does the US get the idea that they are the center of the universe?
especially the banks this kind of stuff makes me burn inside.

Quote:

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Originally Posted by peace7

where does the US get the idea that they are the center of the universe?
especially the banks this kind of stuff makes me burn inside.

---

Interesting,

Because they can influence almost every country in the universe, so get use to it. I don't like it either, but look what happened with BN is getting request from Iowa to seize PIPS funds for a fine of $500,00.00 and get it.

Good luck to all, Mike

Quote:

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Originally Posted by Offshore-Wealth.com

Interesting,

Because they can influence almost every country in the universe, so get use to it. I don't like it either, but look what happened with BN is getting request from Iowa to seize PIPS funds for a fine of $500,00.00 and get it.

Good luck to all, Mike

---

BN is getting request from Iowa to seize PIPS funds? Where did you see that?

It'll soon happen that you won't be able to fart in the US without the authorities knowing about it. Even buying something relatively small you'll have to provide id, sign forms etc. Not good.

No offence but I'm glad I don't live in a country like that. Hope the UK are a long way off that.

Quote:

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Originally Posted by worf

I just hope the allegations are false, Frod gets freed from jail soon, and things get back to normal. I have funds waiting in my bank account waiting to invest in Plexpay once I receive the all clear signal.

worf

---

Hey Worf!

Just keep on dreaming! At least you have your dreams free! As many as you want on any given night!

Webcashhunter

http://www.adressa.no/nyheter/sortro...icle574427.ece

According to above newspaper;
Frode continues to stay in jail, now also under suspision of fraud.
No members has so far filed any complaints
Investigators will look more closesly into Plexpay and start questioning more Plexpay-staffs.

/Picabooo

Quote:

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Originally Posted by picabooo

http://www.adressa.no/nyheter/sortro...icle574427.ece

According to above newspaper;
Frode continues to stay in jail, now also under suspision of fraud.
No members has so far filed any complaints
Investigators will look more closesly into Plexpay and start questioning more Plexpay-staffs.

/Picabooo

---

They will also contact members, vitnesses and people of other interests as stated in the news. They are also stating a warning that they belive more people will be arrested in conjuction to this case.

I have been thinking a little bit, as he is suspected of stealing more than 18 mill NKR from clients accounts, and he has 16,000 members/investors in PP. (16000 members) x (800 USD sigupfee) = more than 80 mill NKR
If there is real trading ongoing, then I might belive in his trustworthy, but if not, I will say this is lame. I was going to invest in PP that day servers went down. Now I will wait and see

Folks, also keep in mind: Plexpay were about to convert to Euros. Probably most of their own accounts are already in Euros. The US can only control USD.

When, in May, the SEC charged the owner of CEC (based in Nevis) and a local promoter in the US (who was having meetings against Company policy). The 'first' thing they did was the US Treasury froze the USD in the Latvian banks they were using in late April.

A week later, the SEC made the charges in the US, after they had control of the funds.

The US can do what it likes with the USD. Interesting that these charges against Frode happened just weeks from the program's switch to Euros, isn't it?

Yes Folks, they ( the board members and new CEO) are trying and doing their best, however, there is also this question of meeting up with lawyeres and at Trondheim Police Hq.

This is no BoN action, much tougher situation here in a way. The only light is that not all funds are frozen.

Remember; NO Plex member did ever complain to the Norwegian authorities. (as some would like you to believe..........)

It was only Selbu Sparebank that found Frode´s huge money transfer and his sudden ownership of a very expensive car (by Norwegian standards) suspicious (remember also that Selbu is just an tiny village).

This is an case against an individual suspected of embezzlement, fraud and tax evation, considerated an very serious crime here in Norway.

The firm Plexpay is drawn into the investigation as it was quickly found out that the funds originated from there or from individuals who thought they were depositing funds into Plex account´s, but in some instances the funds landed in Frode´s personal account !

More news will be awailable early next week. This week is mostly for inevstigation and decission if anyone will be charged or not.

B

Has anyone heard anymore about plexpay. I believe it is a viable program and it had many investors. Pips is also a very good program as well as Gins. :leader: If there is any POSITIVE information I would appreciate hearing about. The negative anyone can post. There is a saying accentuate the positive and eliminate the negative. :drinkbudd :thumbsup:

Quote:

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Originally Posted by labjr

Has anyone heard anymore about plexpay. I believe it is a viable program and it had many investors. Pips is also a very good program as well as Gins. :leader: If there is any POSITIVE information I would appreciate hearing about. The negative anyone can post. There is a saying accentuate the positive and eliminate the negative. :drinkbudd :thumbsup:

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A good thing is GPS, the investment company is not own by Frode He was CEO of Plexpay, one of the companies owned by Evolve Trading. A negative factor is that Frode was a chef and not a financial expert to deal with a large amount of funds. At least, he is not like Bryan who has a good track record in handling investment funds of lare scale.

I was under the impression that the new CEO was just a temporary solution. With the latest news on the papers it seams like Frode is fired for good.

Anyone been in contact with Plexpay today and can confirm or deny this?

http://www.adressa.no/nyheter/trondh...icle574756.ece

Quote:

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Originally Posted by picabooo

I was under the impression that the new CEO was just a temporary solution. With the latest news on the papers it seams like Frode is fired for good.
Anyone been in contact with Plexpay today and can confirm or deny this?
http://www.adressa.no/nyheter/trondh...icle574756.ece

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Man this drama is even more so than Pips! :rolleyes:

Quote:

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Originally Posted by Forum Moderator

BN is getting request from Iowa to seize PIPS funds? Where did you see that?

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Yeah the C & D order just stated the amount of the fines but that does not mean they can get it .... yet. :eek: It will be interesting. Bryan at least started restructuring that will look good as he was attempting a change. It would still have to be some sort of order and the Malaysian authorities would have to accept it. But would it come solely from from Picpay since it is Malaysian based? Who knows... But as far as I know that hasnt happened yet unless you have heard otherwise? :smile:
But all I know pulling all your funds and putting it all in Picpay may have not been a very good idea. :wink:

Quote:

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Originally Posted by solhov

23.09.05 Warning from the US


Warning from the US
In August the office of the Kansas Securities Commissioner warned against the 33 year old Norwegian.
Tekst: CHRISTER S. JOHNSEN

.

---

This "US securities" crap is a joke.

The US has no jurisdiction over plexpay or pips and is a laughing stock for making these orders in Kansas which has no jurisdiction even in other states.

What a joke.

Typical US bureaucratic hype, which has no say over anyone but themselves.

This is all the US revenue service, trying to stop honest people from making a profit, which by the way, they cannot tax.

Why can't they tax it? CAUSE THEY HAVE NO JURIDICTION! :rofl:

Court in Trondheim turned down Plexpays request to release their servers.

http://www.adressa.no/nyheter/okonomi/article576613.ece


/P

Quote:

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Originally Posted by picabooo

Court in Trondheim turned down Plexpays request to release their servers.

http://www.adressa.no/nyheter/okonomi/article576613.ece


/P

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The Plexpay lawyers appealed with a higher court on last Friday.

The new plexpay system should be up before to long. The website page is back and if you subscribe to their newlsletter you will be up dated

So does Plexpay have a good chance of coming back?
some of my Pips money will be heading here if it does.

AS far as I know and have read , YES

Baby, What PIPS money? :) LOL

To: Moderator Offshore-Wealth.com
Sir, would you mind to elaborate on your statement about this Iowa claim against Pips. Where and when did you learn about this and how can you substanciate this news? I would with many of the Pipsters appreciate your speedy response.
Thank you

The taxes and their hunt in the US is the main reason so many retirees leave the continental US and move to offshore lands. The high cost of living in north America is the second most considered reason.

Unfortunately, their moves raise the real estate prices wherever they go as well, but they also offer jobs to the respective local economies. So, the mighty dollar still goes around the world to make a difference, for good or for bad.

Wait until automation is complete. Then the US will have total control over the financial wordl. It is coming and has started in that direction already. Like it or not, we cannot change that.

Peter