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

Nej, I am not all that impressed by the case BNM has. You can charge almost anyone transferring money with money laundering. Although not being a lawyer I can imagine that it will be pretty hard to prove BM's intent of laundering.

I bigger question still is why this man who everyone cries is scammer has not been charged with anything regarding the business setup but rather the much weaker case of laundering? I consider this rather embarassing from the BNM point of view that they have not come up with anything better than that after one year of investigating.

Regards,
/Hakius

I agree with you

The criminal insanity of the past age was the Spanish Inquisition and the Church looking for heretics of their fantasm religion; today's "Spanish Inquisition" is comprised of "witch hunts" for money laundering. I don't know how it's going to go down for the Marsdens, but I'm still not counting out a possibility for getting some of our money recovered.

Regards,

thelema

I feel that there's a little confusion here. Charges of money laundering are extremely easy to prove given the documents from the relevant banks. In this case, the only possible rebuttal would be to prove that the funds transferred into the Marsden's private accounts had been obtained by lawful means and were their own unencumbered monies. It seems the transfers were made from the Pips account which was,of course, primarily investors money, especially in the case of Picpay.
These charges relate only to the Marsdens and their transfers of money into their personal accounts, a suspected fraudulent conversion.
As for the investigation into Pips, this is clearly ongoing as witness the request from Bank Negara for Australian members to attend for an interview.

Thelema - did you get the book file? An E-Mail I sent you was bounced back just now.
Owen.

Originally Posted by hakius

Nej, I am not all that impressed by the case BNM has. You can charge almost anyone transferring money with money laundering. Although not being a lawyer I can imagine that it will be pretty hard to prove BM's intent of laundering.

I bigger question still is why this man who everyone cries is scammer has not been charged with anything regarding the business setup but rather the much weaker case of laundering? I consider this rather embarassing from the BNM point of view that they have not come up with anything better than that after one year of investigating.

Regards,
/Hakius

Excellent comments Hakius. People are just jumping conclusions without logic.

非常好岗位

Originally Posted by chin-lee

Excellent comments Hakius. People are just jumping conclusions without logic.

非常好岗位

hm!....but dont underestimate that there are a lot of members that have a lot of experience, and some have seen the history repeat itself!

I have seen more of the the opposite, and I guess I just have to remind you of this thread here on this forum that list all the members that still believe that PIPS will be back. My guess is that more than 90% think PIPS will be back, how naive!

hine

Originally Posted by Owen Platt

Thelema - did you get the book file? An E-Mail I sent you was bounced back just now.
Owen.

Hello Owen,

Bouncing back probably means that, if there was an attachment, it was rejected by a Bright House cable spam filter. Or possibly the server was down for a moment. Try resending it again and, if it bounces back again, that'll definitely be the situation. I could get around it by downloading directly from a site or FTP; let me know if you have it available for directly downloading. Thanks for your courtesy in asking if I received it. Take care and have a good one.

Best regards,

thelema

Originally Posted by the_truth

My guess is that more than 90% think PIPS will be back, how naive!

hine

Incredible however, the tales or myth about another Robin Hood is more than 100% unlikely to repeat itself . That was Sherwood Forest, it is a Scam Forest we are in the midst of this age and time with the bailiff determining the verdict, not the Sheriff if there is one around... for the Marsden's case.

YB. - cheers to the outcome and ongoing crikey investigation with the Ozzies.

Originally Posted by the_truth

hm!....but dont underestimate that there are a lot of members that have a lot of experience, and some have seen the history repeat itself!

I have seen more of the the opposite, and I guess I just have to remind you of this thread here on this forum that list all the members that still believe that PIPS will be back. My guess is that more than 90% think PIPS will be back, how naive!

hine

If I remember correctly, that pole was taken before Mr & Mrs Marsden were arrested and charged with 97 counts of money laundering (and counting). I suspect with the additional information that is now available, the numbers would turn out differently IMHO

worf