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    Investor ox1216's Avatar
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    Default Where are the EXCHANGERS???!!!

    When my brother in-law joined PiPs he had a co-worker who said "Hey. . .instead of dealing with the hassle of wire transfers I'll set you up a PiPs account through my PiCpAy & you can just give me the cash" So my brothe in-law along with 9 -12 other of his coworkers did that. This exchanger recieved over 50k for setting up these accounst.

    My question is do these guys feel any guilt? When my brother in-law confronted this exchanger and told him "hey. . where is all that money?" He replied by saying "Sorry. . .had to help my family, but don't worry PiPs will return" My brother in-law explained that if he had sooooooo much faith in PiPs then give him back his cash and he'll sign over his account. Needless to say the exchanger didn't want to do that.

    sorry for the rant...just wanted to throw out there another aspect how people here got screwed. Even by their own friends and co-workers.

    -Alan
    Loyalty above all else, except HONOR

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    Senior Investor Offshore-Wealth.com's Avatar
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    Default by Privacy Rights Army

    Quote Originally Posted by ox1216 View Post
    When my brother in-law joined PiPs he had a co-worker who said "Hey. . .instead of dealing with the hassle of wire transfers I'll set you up a PiPs account through my PiCpAy & you can just give me the cash" So my brothe in-law along with 9 -12 other of his coworkers did that. This exchanger recieved over 50k for setting up these accounst.

    My question is do these guys feel any guilt? When my brother in-law confronted this exchanger and told him "hey. . where is all that money?" He replied by saying "Sorry. . .had to help my family, but don't worry PiPs will return" My brother in-law explained that if he had sooooooo much faith in PiPs then give him back his cash and he'll sign over his account. Needless to say the exchanger didn't want to do that.

    sorry for the rant...just wanted to throw out there another aspect how people here got screwed. Even by their own friends and co-workers.

    -Alan
    Good point,

    I would suspect there is legal recourse if reported to authorities, so I would be a little worried over it and I have a friend who had to refund others for threat of legal action.

    Good luck to all, Mike

  4. #3
    Investor ox1216's Avatar
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    Quote Originally Posted by Offshore-Wealth.com View Post
    Good point,

    I would suspect there is legal recourse if reported to authorities, so I would be a little worried over it and I have a friend who had to refund others for threat of legal action.

    Good luck to all, Mike
    I just hope my brother in law can get his money back from that guy at his office.
    Loyalty above all else, except HONOR

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    Quote Originally Posted by ox1216 View Post
    When my brother in-law joined PiPs he had a co-worker who said "Hey. . .instead of dealing with the hassle of wire transfers I'll set you up a PiPs account through my PiCpAy & you can just give me the cash" So my brothe in-law along with 9 -12 other of his coworkers did that. This exchanger recieved over 50k for setting up these accounst.

    My question is do these guys feel any guilt? When my brother in-law confronted this exchanger and told him "hey. . where is all that money?" He replied by saying "Sorry. . .had to help my family, but don't worry PiPs will return" My brother in-law explained that if he had sooooooo much faith in PiPs then give him back his cash and he'll sign over his account. Needless to say the exchanger didn't want to do that.

    sorry for the rant...just wanted to throw out there another aspect how people here got screwed. Even by their own friends and co-workers.

    -Alan
    Your brother in-law paid the exchanger to have his PIPS account set up
    and the exchanger had done exactly that! The exchanger would be at fault if
    he took the money and not set up the PIPS account.

    The exchanger may be guilty of taking money illegally i.e. without licence.

    Just my opinion.

    P Chin

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    i wonder if exchanging pips units for cash from an exchanger, in canada is legal...???

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    Default

    Funny... I funded through a so called exchanger too... It saved me a couple of bucks of banking fees etc. And (s)he did what (s)he had to... a win win situation at that time('s perspective)... and on my request (as P Chin rightfully points out).

    Wouldn't it be interesting to have people take up their own responsability, instead of twist and shout to cover up for their own choices? Man...

    Of course there will have been immoral people accepting money setting up accounts for new members in bad faith long after the payouts came to halt. But I can't imagine these being more than a tiny minority.

    With all respect for the problems the current loss of your funds may have caused...
    Please don't start such kind of an injust witch hunt...

    Thanks & take care,
    Hasse

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    Horsesh$t bulls*t [email protected]
    If my hands ever get on Marsden's neck it's going to be me in that Malaysian jail and I'll have no regrets.

  9. #8
    Investor ox1216's Avatar
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    I just found it funny that this exhanger had/has soooooooooooooo much faith in BM, but when he was put to the test he sure did back peddle fast.
    Loyalty above all else, except HONOR

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    Quote Originally Posted by ox1216 View Post
    I just found it funny that this exhanger had/has soooooooooooooo much faith in BM, but when he was put to the test he sure did back peddle fast.

    ox!

    You have a lot of good points, ....and my guess is that the members that took advantage of exchangers did that to save time and money.
    How naive can they possibly be if they continue to blame those exchangers that helped them to get an account!...seems to me from what I read that they invested with a gut to their head.


    hine
    Last edited by the_truth; 01-10-2006 at 04:52 PM.

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    These exchangers at least the one we dealt with in 2005 was telling us how great PIPS was in 2005, after the program already folded. We have figured out this person in Minn. exchanged about $90,000 from our group and when confronted he called us those supposed christians. It is simple, he took our hard earned cash for nothing in return. He has our cash and we have nothing but receipts and wire transfers paperwork. He certainly did not earn the 90,000+ in cash he took in. I wonder if these people have a license for trading?

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