Thread: Unconfirmed Rumour

Anyone having fraudulent picpay,, sitting in their picpay account, who buys units for their PIPs account , automatically makes it clean????This just makes further ROL dirty.

Please consider that Warrens email,(bogus or not) advises that all money left in the Picpay account is legally yours. Once it leaves Pips it becomes yours as it is in a bank account under your name.

The email starting this thread indicates money left in Picpay goes to charity.
THis is enough to scare people into puting it straight back to roll over again.

Of course I am not a legal eagle but I am aware that we have a very direct contradiction here.

Free

Puting aside the heated issues on withdrawals for a moment, do we have a legal person able to advise us on the validity of others controlling accounts under our name?
Is it legal for the managment of Picpay to transfer any money in our Picpay accounts to a charity or other with out our say so?

Free.

This is looking like the desperate actions of a broke/corrupt/incompetent government in the midst of a currency/economic/banking crisis. Pretty soon the rabble will be taking up pitchforks, pots, pans and/or worse and storming the government palace.
:evil:

Suerte folks...

Its obvious...
If we put our money from our PICPAY account back into pips, Bryan wins twice over..
1) We have no case or legal avenue to claim the money that is LEGALLY ours from PICPAY.
2) Bryan can wipe the money (ROL) in our PIPS account clean out and therefore we cant claim any monies.

Think about it guys.. KEEP YOUR PICPAY AMOUNTS IN THERE !!!

Originally Posted by allstargold

Hi


Now what Bryan is going to do is to start a seperate payment processing company and all NEW Loan roll over payments will go into there for immediate withdrawal.

and this one too will be floded by fraudulent money..same old same old.

thx for your post anyway!!

Originally Posted by Invest007

Originally Posted by allstargold

Hi

This, as is typical of PIPS, is an unconfirmed rumour that was passed on to me by a very senior support person.

Firstly the messages supposedly from gary and Warren are bogus. YES they have resigned but for personal/medical reasons.

Secondly, the reason why picpay is in such a bad situation with withdrawals is that the amount of fraudulent funds in the accounts is almost untraceable. This in itself has been stopping most transfer requests.

Now what Bryan is going to do is to start a seperate payment processing company and all NEW Loan roll over payments will go into there for immediate withdrawal. Picpay will cease to exists after some time and any surplus of funds will go to charity. This has had to occur due to the fraud of certain members.

So some bad news wrapped into some good. At least withdraw requests will start to move again.

Aparently, they are expecting this to become public knowledge in the next 7 days or so.

If what you say is true, then this action is highly illegal. Not all funds in PicPay is fraudulant. Surely they can figure out if an account has used the spend/transfer function? If not and the only source of funds are Credit Card or Wire Transfer, how can they be fraudulant. What PicPay is planning to do is outright theft.

that doesn't mean that because someone used the transfer option that it was fraud.

I can understand the dilama of clean money.

I funded my pips account 3 times. Twice with my credit card, and once as an exchange - IE, I wire transferred a fellow pipster, and he transferred some of his picpay to mine. All transactions were a similar amount. That makes me confident that two thirds of my funding is clean. The remaining third will probably be clean too, but that will only be known to the person with whom I exchanged. It then gets more complicated. The guy who provided one third of my funding may have done similar transactions with others, including the funding of his account. An on it goes..... and on it goes...... and on it goes.

I don't envy anyone the task.

allstargold,

Are you saying the money is safer in P**s than P**p**? What will happen to our accumulated units, will they be lost? :shock: :shock: :shock:

And if you've recently asked for a withdrawal? Cancel it? Can't understand if your funds have been verified as being clean then they are clean.

Originally Posted by Freedom

Puting aside the heated issues on withdrawals for a moment, do we have a legal person able to advise us on the validity of others controlling accounts under our name?
Is it legal for the managment of Picpay to transfer any money in our Picpay accounts to a charity or other with out our say so?

Free.

If they were rolling to a new payment method/platform, they can give a warning of a certain time frame in which if funds werent removed/canceled/transfered over than it could be lost. Otherwise since picpay is your account, they dont have much of a right to shift monies anywhere without notice or concent.