Thread: Is it over

Originally Posted by way2go

Chester,

I never thought that Bryan started PIPS as a scam or that he intended to run with our money.

What I believe is that he screws it up on the way (he didn't made it the promised return). Instead letting us know, he kept bringing people in the program, hoping that he will find a way out (restructuring the program or making some good investments). Does this qualify as a scam? Probably Yes from the legal stand point.

I strongly feel that Bryan should have posted (at the first sign of payout difficulties) some kind of notice for all prospective investors. I joined at the beginning of Dec. 2004 and if I (and others) had been properly notified that payments were not being made as the website described, I would have waited until that problem was cleared up. It was just plain unethical to withold that kind of crucial information IMHO. As a side note, it's nice to be able to express that without getting insulted and shouted down.

Originally Posted by hzchoice2

go through all the pure, unadulterated hell he has gone through.

How does anyone know he has gone through pure unadulterated hell . Just because he says he has or is there proof. One thing I do know, He is a lier and cannot br trusted.

...instead of the horses' mouths.

People have their different points of view but if you REALLY want to know what's up with PIPS, run the silly bank through Google and CALL the nearest branch to you. They have satellite sites in London and in New York.

When I spoke with the office in New York, the individual familiar with PIPS said all were anxious for this to come to a "satisfactory conclusion for all". The investigation, from the beginning, was ludicrous. The nuttiness continued with everyone pointing the finger. Let's keep that finger pointed where it belongs. It DOESN'T MATTER, who says what under a pseudonym or whatever. We would just like to see some sort of resolution from THE BANK ITSELF. THEY got the money! Our money! And they take THEIR sweet time trying to reconcile this matter.

I had posted information earlier as to who to email to at that Bank. I'll see if I can find it or maybe you will if you search these posts. The BANK is keeping track of emails in a database and ALL will be informed FROM THEM when a resolution is achieved. They are, unfortunately, notoriously slow. NOT BRIAN, NOT ANYONE ELSE, HAS CONTROL OVER THIS MESS.

If you want to holler for at least your initial investment back, holler at the BANK. The more we holler at THEM, the quicker they might get with it and get it done. THAT is where the concentration should be; not in an online forum except to impart information as to what to do to speed things are that are EFFECTIVE. The pro's and con's of what was is no longer a point - except that this BANK decided to figure out, from my guess, why THEY weren't getting money for transactions and felt THEY were due money.

Again, IT DOESN'T MATTER IF BRYAN OR JOE BLOW posts whatever. Your money and investment is your responsibility - NOT THEIRS.

In rebuttal to an earlier post, "You risked your money as stated on the website" - okay, I buy that to a point. It said, basically, outside of the whole financial world turning upside down, everything was intact. This was NOT the case although any money invested in anything is a risk.

The "maybe failure" of PIPS had nothing to do with it's principals nor investments. I fully believe it had EVERYTHING to do with a greedy little bank who wanted a cut of the action and seized everything - and takes its sweet time to find fault while the rest of us lost. Of course this was unforeseen by Bryan and everyone else. Who would ever imagine THAT?

Please HOLLER at the Bank. The more and louder we holler, the faster there might be a resolution. To surmise in this forum is fruitless at this point.

WE WOULD JUST LIKE SOME ANSWERS FROM THE BANK!!!!!

Even though I do have compassion for those suffering, that is, if they were suffereing... I do think there was a lot of carelessness with how this was set up, the visibility and the bank thing/s. Just doesn't compute.

Originally Posted by whatever

I strongly feel that Bryan should have posted (at the first sign of payout difficulties) some kind of notice for all prospective investors. I joined at the beginning of Dec. 2004 and if I (and others) had been properly notified that payments were not being made as the website described, I would have waited until that problem was cleared up.

Whatever, I hope my response to this post does not come across as an "insult" or "shouting you down"...it is not my intent. What I find interesting is how you were not aware that there were payment problems. Before joining any program I would definitely look to see if payments were happening in a timely fashion before I joined. That is part of doing one's due diligence. Personally, I would never put money into a program that was having payment problems, because 99% of the time that is the beginning of the end. Also, if I recall, this problem was pretty evident in Pips in December of 2004. It was being discussed at length in the Pips forum (forums are always a good place for some DD...members will definitely speak up if they are not getting paid.) I recall checking all the time because I had pending WD's that I was waiting on (which of course I never received) and there were endless excuses...first that there were too many WD requests and staff couldn't keep up, then EON bank (I think that was the one) couldn't manage the volume of wire transfers, and on and on. While I am sorry you had the misfortune of joining at that time, I am a bit surprised you were not at all aware that there were already significant delays in payments and a "backlog" (at least that was the initial excuse) at the time you joined. Bryan actually did address the issue...with all the excuses as to why payments were not being made as quickly as promised...of course, the story kept changing as time went on....and here we are today with BNM's investigation leading to charges against Bryan...