Thread: Pips-(BM)-Trial Starts 13th of september.

Originally Posted by chantryhil5

HSBC was under investigation for MONEY LAUNDERING and so ceased to handle the PIPS money because too many members were making too many small withdrawals which may have been a way of laundering money under the terms of the Patriot Act.

I am surprised that Mr Platt is not making correct statements. This was open knowledge through the financial press at the time and did not only apply to Pips but to others particularly in Muslim Countries!

He probably is aware that Jihadees respond irrationally & erratically and France is not a big country when they start looking for heads to decapitate in fulfilling a task.... OP was or is careful, on those grounds...who knows... he is picking his desert of choice...




YB. - cheers to the RC CARE Group...

Whilst HSBC, in common with all banks, have had to tighten up their due diligence on customers, I did not see where HSBC in KL had ever been accused of money laundering. Almost every major bank in the world, including my own, BNP Paribas, has been investigated at some time by the FATF (nothing to do with the Patriot act which applies only in the US) and HSBC were accused of faulty practices in relation to accounts in Turkish Cyprus and in Saudi Arabia as well as a number of other jurisdictions.
If you can quote me chapter and verse on the Malaysian investigation I shall be interested to read it.
But I don't think that was the reason for HSBC closing the account. Multiple withdrawals are common enough in most banks but bankers look at the source of the funds being deposited. A ponzi scheme is almost immediately obvious by the pattern of transfers i.e. cash going out but only deposits from individuals coming in. Banks expect financial services (which Pips was) to make its money from investments, not from new depositors.

Back at last,

Wow, this was like loosing a child in the mall, having ROL down? Well, it was a busy weekend anyway, so I got through it, and I must say, having finally read Owen's book, WOW, it coordinates with what I had learned and surmized over the past couple years, so I must say to Owen, you did a bang up job and I recommend everyone read it, pro or con, it will fill in so many issues which have been speculated on that it finally all makes sense.

Just as I had suspected, Bryan is a very sick individual, and I do feel this more now than ever. No one could be this irresponsible, this reckless, this stupid, unless you were mentally ill, so I have to say, I forgive you Bryan, get well soon, but I do question Sharon's honesty as she must have known you were sick? Pathological liars are far and few between, so I highly doubt Sharon is also ill, so was she the one pulling the strings, and Bryan the puppet? Sure does explain a few more things for me, so by all means, read this book folks, I couldn't put it down and read it all at one sitting.

And no, I am not an Amazon affiliate. (g)

Good luck to all, Mike

Does it not strike you as kind of odd that the Marsdens were able to operate "below the radar" for so long without the knowledge of the Malaysian authorities in spite of all the various postings in the pips forum about the various activities of pips?

And that, as Owen says, when pips came on the radar in September 2005 it has taken the better part of a year for the National Bank of Malaysia to discern what Owen Platt has been able to garner about pips from the side lines about two years previously and publish a pamphlet?

Believe what you want but something does not sound right here.

eman.

It actually doesn't seem that odd. In the U.S. there were scam artists selling trusts to people for years before the government finally put a stop to it. Governments don't always move quickly, especially in financial matters. JMHO

Central Banks and other regulatory authorities in general don't do much monitoring of the internet (the United States may be a bit of an exception here).
Bank Negara had no reason to even know of Pips existence since they were not registered as a financial provider and it was not until there was a chorus of complaints that they took a look.

Originally Posted by eman

Does it not strike you as kind of odd that the Marsdens were able to operate "below the radar" for so long without the knowledge of the Malaysian authorities in spite of all the various postings in the pips forum about the various activities of pips?

And that, as Owen says, when pips came on the radar in September 2005 it has taken the better part of a year for the National Bank of Malaysia to discern what Owen Platt has been able to garner about pips from the side lines about two years previously and publish a pamphlet?

Believe what you want but something does not sound right here.

eman.

Interesting,

It doesn't surprise me at all that they were able to fly under the radar, and in fact, what brought them down was Bryan's ill advised back door to allow Malaysians to invest which was disclosed to BN which got the ball rolling. When you look at all scams, they all rely on staying under the radar for as long as possible, hence, he did not open door to Malaysians until a year later, which was a last ditch effort to pull in some fast money to keep this leaky ship afloat.

If you compare it to every other scam on the market, the timing was just about the same as all the others, one year average lifespan, then a slow and constant collapse with a mile long list of excuses does it in. Once the complaints start to flow into authorities, it usually takes them another six months to act, so again, just about normal as I see it. The investigation was slower only because there were no books, nothing, no investments, zip, nada, nothing?

And to think that Gary didn't see this? No way, but Warren sure saw it, and he turned out to be the only honest person ever involved who warned us, so my thanks goes out to Warren as well since he was the one who finally convinced me long ago what a fraud and scam PIPS was. The last breath deal when supposed saviors from UK were invited in was most interesting, for this was always a little confusing to most of us what had actually happened, but when you find out, WOW, real eye opener. It all fits perfectly now.

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Interesting,

It doesn't surprise me at all that they were able to fly under the radar, and in fact, what brought them down was Bryan's ill advised back door to allow Malaysians to invest which was disclosed to BN which got the ball rolling. When you look at all scams, they all rely on staying under the radar for as long as possible, hence, he did not open door to Malaysians until a year later, which was a last ditch effort to pull in some fast money to keep this leaky ship afloat.

If you compare it to every other scam on the market, the timing was just about the same as all the others, one year average lifespan, then a slow and constant collapse with a mile long list of excuses does it in. Once the complaints start to flow into authorities, it usually takes them another six months to act, so again, just about normal as I see it. The investigation was slower only because there were no books, nothing, no investments, zip, nada, nothing?

And to think that Gary didn't see this? No way, but Warren sure saw it, and he turned out to be the only honest person ever involved who warned us, so my thanks goes out to Warren as well since he was the one who finally convinced me long ago what a fraud and scam PIPS was. The last breath deal when supposed saviors from UK were invited in was most interesting, for this was always a little confusing to most of us what had actually happened, but when you find out, WOW, real eye opener. It all fits perfectly now.

Good luck to all, Mike

I am Malaysian and was in PIPS right from the start. I had no choice really
because they 'transfered' my positions from the GW MasterMatrix.
As soon as this happened, I knew that this Passive Income/HYIP/Ponzi would
dissappear anytime, so I started withdrawing after 3rd month (April, 2004).

BM told me on the cellphone that the posts in the PIPS forum about
Malaysians not allowed to invest were incorrect.

P Chin

As an interesting aside, FCIB bank has been closed down because lots of crooks doing VAT fraud and similar all held accounts there. I don't know if that was common knowledge or not.

Originally Posted by pchin

I am Malaysian and was in PIPS right from the start. I had no choice really
because they 'transfered' my positions from the GW MasterMatrix.
As soon as this happened, I knew that this Passive Income/HYIP/Ponzi would
dissappear anytime, so I started withdrawing after 3rd month (April, 2004).

BM told me on the cellphone that the posts in the PIPS forum about Malaysians not allowed to invest were incorrect.

P Chin

This is yet another fib...from Bryan and deliberate it was as early as two months prior to me knowing of PIPs existence!!!

Of course, and unless there are any of you still out there fully fighting against all odds with truth, Pchin must be another liar all along then... well, if he was, he might be the ONLY saviour to Bryan's salvation in every hearing the trail pursues in.

However, that's wishful thinking if you are still that doubting Thomas and it doesn't need much betting skills just who will win this bet about Bryan being behind bars for some time to come...

With that cellphone assurance he made to Pchin in April 2004, means clearly and unquestionably, a qualified & given fact on the trail of deceit Bryan upheld at the Conventions he attended and proclaimed with many more blind empty promises...and he was already deceiving his close GW supporters he so badly needs to go out as soldiers in gathering new sign ups... and there WERE SO MANY stooges(in Holland alone, a few hard core ones as pillars of Bryan) ...hmmm, I can now rightfully term them as Pioneer Stooges after all... and they fell for it to this day....maybe much less now since there may be some who finally woke up and realised their ignorance was owed to one "docked" Captain...now in bay!

I hope they pulled their pips off their shoulder flaps and gave it away FREE to the pawnshops....




YB. - cheers to the RC CARE Group...