Bring the Scammers to Justice
Regardless of the directions of the case. They are certainly guilty of taking money from members knowing that they were not even considering repaying them. I would like to think these people would be innocent of the charges, however, it is the courts to decide, and I respect the decisions of the courts no matter how much time they get behind bars. They had a chance to refund the money taken from member and did not. So now justice will be served. I hope they are innocent, if not, I hope they dont pick up the soap in the showers........
Peace
Check out the thread below.
http://www.rolclub.com/pips-program-...aundering.html
Post #1
V/R,
Chris[/QUOTE]
Accuracy of Thought - A Lost or Dying Art!
Quote:
Originally Posted by
krush22
Regardless of the directions of the case. They are certainly guilty of taking money from members knowing that they were not even considering repaying them. .... They had a chance to refund the money taken from member and did not.
V/R,
Chris
[/QUOTE]
Krush22, you speak as if their guilt is a certainty. Yet there is plenty of evidence to indicate that Bryan was not actively trying to rip us off. I have spelt out these indicators before, but let me repeat them:
1. Bryan discouraged rampant promotion of PIPS (which hardly ties with the goal of a scoundrel, who would be in for everything he could get). In particular he
a.removed the incentive to recruit by dropping the recruitment fees and networking aspect that was what initially attracted me to PureInvestor, and
b. instructed us to cease advertising online.
2. For over a year the system ran well, and he paid out as promised. Personally I received 10s of thousands of dollars in return for an investment of around $14,000. Most of the schemes we see fall around us do not last anything like that time, and many set themselves up so that returns are notional but not realisable. And
3. He stayed around; let people get to know him and did not disappear even when things were going to hell in a handbasket! The same cannot be said of ANY others of the rip-off artists who have taken my money in HYIPs and disappeared into the ether overnight!
None of these three things suggest someone bend on fraud.
Your link to the court case and charges is fine, but don't think that money laundering means anything more than the bank's belief that he could not stand by his undertaking to earn 2% per day, and therefore taking it was, in their eyes, and extortionate practice. Banks don't want to know that sort of thing anyway because it would challenge their very existence. But think of this:-
a. Regular reports on Forex trading consider 15% per month more than feasible.
b. For the last 3 months I have been notionally trading in normal stocks, without a full range of Company data because I am using a free (and limited)data service for the trial, yet I have consistently averaged 4% per month, without any financial 'leverage'.
c. With Forex and stock Options it is possible to leverage up to 100 or even 200 times, magnifying the potential profit accordingly, while using the same data and analysis that I have used to make my paltry 4% per month. (Hey wait a minute, I only get 5.5% PER ANNUM at my bank! So it is hardly a paltry return!). I have no doubt that experienced players could make in excess of 50% per month.
I believe the Bank has been focused on the 'local' issues (the impact on Malaysian persons as investors), and on the legal niceties of Bryan's business dealing in Malaysia. I believe it is probable that the Bank will are unable to prove (if the Malaysian legal system really cares about proof) intent to defraud, even if they are able to prove that he forgot to fill out form1234..X when he opened his businesses there!
Rather than assume guilt, or even guilty intent, I believe that Bryan has, despite a sad and at times pitiful record as a Manager, earned the right for us to stand quietly behind him and pray for a satisfactory result that will allow Bryan to continue with what I consider to be a genuine and earnest believe in the ability of his trading specialists to make the financial systems sing a successful song of "Money, Money, Money..must be.."
Keep the Cool, Keep the Faith, and Keep Thinking Accurately!!!
GrahamB