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

Interesting,

As we slowly come to grips with PIPS scam, it becomes more and more clear it was all total BS right from the very beginning. The lies about SC visits in beginning to the lies about being properly registered, the gold backing PicPay, the insurance, the more than enough ROI stated over and over by Bryan, all lies. This will surely come out in court for those who cannot accept the truth of being lied to, so all we have to do is wait long enough and it will become crystal clear.

Good luck to all, Mike

Mike!

You are so right, .... those members that dream up all kind of excuses why PIPS was not a scam must be totally blind!

Like blaming the authorities for the fiasco that Bryan was responsible to create is the biggest joke I have ever read!...

Your list of lies should be enough to realize that PIPS was based on false promises that made too many members lose their hard earned money!


hine

Owen, my good man, you're not easy to follow. Who is Magician who you are referring to? There is no user in the forum with that name.

All charges are made against the Marsden individuals. How could this charge be different and "have nothing to do with ... Pips"?

If you get hold of all the company books and accounts (as BNM did) it would most certainly be easy to prove the fraud, without any testimony.

Hakius - my apologies , it was Dreamer who posted the information.
There is no mention of the company, Pips, Pure investor in the charges. There is, however, a mention of a Picpay account from whch the funds were obtained.
And I somehow doubt that the testimony of the accounts would make it easy to prove fraud. How, in fact, would you know that the accounts were in themselves truthful? Mr. Marsden's word?

Originally Posted by the_truth

Mike!

You are so right, .... those members that dream up all kind of excuses why PIPS was not a scam must be totally blind!

Like blaming the authorities for the fiasco that Bryan was responsible to create is the biggest joke I have ever read!...

Your list of lies should be enough to realize that PIPS was based on false promises that made too many members lose their hard earned money!


hine

Of course the list of lies was hardly a comprehensive one! The other aonomaly is that many seem to dismiss the charges (50+) against the Marsdens, as a mere bagatelle and one that has nothing to do with fraud. In a way, it is a pity that "Money Laundering" has become a catch-all phrase for what used to be termed "Fraudulent Conversion."

Just searching thropugh my records, I found a report of the case from the Bernama News Agency. Interestingly, although this does refer to illegal deposit taking, it does not mention Pips or Pure Investor by name but only the Marsdens.
On reflection, I think this is probably due to Pips not being a registered entity in Malaysia (or probably elsewhere, for that matter). Hence they are unable to shield behind the protection offered by a limited company or corporation as is done by most.

My Broadband

Online money launderers charged
By Sapa-AFP, 1 September 2006

A British national and his Malaysian wife, directors of an investment company, have been charged in connection with an online money laundering scheme involving millions of dollars, reports said.
Bryan John Marsden, 58, and Phan Sew Ken, 51, were charged in a court in western Negeri Sembilan state with receiving 26.68 million ringgit (7.24 million dollars) through alleged illegal online deposit-taking, the state Bernama news agency said. Marsden also faced separate charges in a Kuala Lumpur court in relation to 7.02 million ringgit allegedly received illegally in the same scheme.
All the offences allegedly took place between mid-2003 and mid-2005, reports said.
Malaysia's central Bank Negara said the scheme, which lured 100,000 investors globally by offering a daily 2% return, was the first of its kind to be investigated, the New Straits Times reported. The deposits were accepted in the form of investments, it said.
Phan and Marsden, who has been in Malaysia since 1997, could not post bail, which was set at one million ringgit each.
"I have lost everything. There is nothing to say at this stage," Marsden was quoted as saying in the Star newspaper.

If convicted, Marsden and Phan each face a maximum sentence of five years in jail or a five million ringgit fine or both, Bernama said.

All the offences allegedly took place between mid-2003 and mid-2005, reports said.
Malaysia's central Bank Negara said the scheme, which lured 100,000 investors globally by offering a daily 2% return, was the first of its kind to be investigated, the New Straits Times reported. The deposits were accepted in the form of investments, it said.

This is also apparent if not clearly indicative and goes to show that after the Fall of 2005, they both were on a path with nothing to stop them (or that was his gleeful strategy based on the blind supporters lobbying for him wholeheartedly) on their trail to further deceive right through to the uncertain months spiralling with awkward developments confronting the Hawaii Convention plans...and something which GN probably saw it fast approaching but went along nonetheless so nothing too suspicious from his awareness would blow away his contingency arrangements...to back out at the right moment, but enjoy the fun in Hawaii as well...since the feast is all paid for or almost taken care-off... somehow in cash!

2005 was a defining year that will stop the Marsdens in their tracks with all legal rammifications soon to show up then and for those with inside access to the way BM carries out his operandus, they had clearly summed it up confidently to do what is necessary and "jump ship" before they too get caught in the dragnet!

All the more for this to be a clear confirmation why I had openly waived back then in proclaiming my "goodbye-gift" as sayonara to my funds that will literally not ROI despite all the Gung Ho dancing deliberately pursued by his lieutenants from the so-called Pioneer Pions camp I painted them to be.... and by this statement, I once again reiterate this on a handful of Pioneer Pipsters I came to know well enough to point at... NOT all of the many Pioneers I also came to happily exchange through the Pips Forum is under that PP umbrella ... there were just too many innocent victims caught in the fray... sad it certainly is!

The trial will only exonerate and vindicate all those who knew it but were caught up "trapped" in their own harness of blind faith for Bryan Marsden and his bogus operandus doomed to fail.

YB. - cheers to all & to show compassion nonetheless, to ease one's own despair and suffering as a result of the Pi Inc vision and/or belief.

@Owen

Well, it seems to me you (and also the charges brought against the Marsdens)
convinced at least some of the so called investors here that PIPS was a scam.
Now, considering your presence at rolclub I have to ask you a question:
Would you agree that ALL of the schemes promoted here are scams ? I mean not 95 or 98 pct, but a full one hundred percent.
There's one exception though, the notorius IQD. At least there's a very, very slim possibility the "investors" might get some return on their investment. I'm almost convinced though that they will lose most if not all of their investment and will end up sitting on a pile of worthless paper money. But at least it's not just numbers on a screen.....

BTW: If you should happen to be in Zurich once more I'd love to buy you a drink.

Bialystock - might take you up on that. Is the Restaurant Schiff still open and der Franziskaner off Limmat quay?
I reckon if not 100% , 99.9% recurring would be a good number. Currency dealing is certainly not my forte - when I used to travel around Europe before the Euro, I never got the exchange rate to my advantage even on my expenses!
My own view of the IQD is that, as it seems the country is going to hell in a handbasket, the more likely prospect might be a devaluation.
Cheers,
Owen.

Hi Owen

Definitely the Euro has not been for the benefit of most , but you can still get pretty good prices for your Euro or Dollar by visiting Prague in Czech Republic. I just got back from there and many of the prices remind me of Europe from the late 1970s. A half pint of bier cost me less than 7 Swedish Kronar , which is unheard of anywhere else. The Bier was Wonderful as well. They have modern stores like other places and the same brands as anywhere else, so why the big time costs everywhere else. It would seem the same raw materials would be bought at the same prices for manufacture of things.

The Euro never did benefit the average person in Europe. Just Big Banking , Business and Government Interests. Met a girl here in Sweden from Greece and she said that life was easier before the Euro and that now the Greeks need two jobs to get by. Same for many in Italy and Spain.

I guess the scams have a farther reach than just these Hyips we see advertised everywhere. Look for things to get worse before it gets better. But I would definitely consider a trip to Prague. Beautiful city if you stay in the older parts.

Cheers , Blue