Hi Paddyfield
I thought I would offer some alternative explanations to your post.
There are too many unanswered questions to this puzzle.
For example:
1) Was the origin of the 2% way back in 2003 a scam?
I received payment from this investment and so did many others.
Inconclusive IF pips was operating as a ponzi.
2) Were the 2000 + accounts given away to MM members, in 2004
when PIPs was formed, just numbers on the screen?
Funny, because I recall members adding quite a bit of their own
funds to these accounts and withdrawing large amounts long before
we experienced any large influx of "new" money into the programme.
Large funds were available in the beginning due to deposits from certain members. It is RUMOURED from a reliable source that these monies were withdrawn, which created the withdrawal problems. This is logical IF pips was operating as a ponzi.
3)Was Elizabeth and all the staff at Picpay in on this non existant
investment, and knowingly so, would not at least one of them have
made some kind of statement to the authorities rather than face
complicity allegations?
Funny again since not once was a murmur heard from that quarter nor
have we seen any reference, apart from BM and his good lady, to any legal
proceedings issued against any other member of the PIPs organisation. Does it not seem stranger still that BM on his own admission, could pull of such a coup with no help and no clue to anyone else as to what was going down. Seems, on that basis alone, he was the banker, the teller, hid all the money under his matress, and all the PIPs management/employees were just paper people in cardboard buildings.
It has been stated on numerous occasions that BM kept the finances of pips to himself. Staff never had access to ALL the information. The fact that there are no charges against these people tends to suggest this is correct.
4) The numbers on a screen never paid for two conventions. PIPs paid for those with hard cash. We could pay to attend with non existant Picpay.
That does not equate at all, since here is Bryan, scamming all of us, then paying out over $1M so that we can have fun in Hawaii. Sheesh, we need more people like that.
Since withdrawals were not being paid in any quantity, it is very LIKELY that deposited funds were used for the convention. Again, it depends on whether or not pips is proved to be a ponzi.
5)You give far too much credance to our friend Mr Owen, who talks with authority about specialised banking proceedure, seems to know every aspect of this industry, yet walks away from a fat cat job, if he was ever in one, to write novels. To state as he did, enquiring and receiving feedback about BMs dealings in Panama leaves him wide open to the strict privacy agreements Panama exercise for all offshore customers under penalty of imprisonment for any citizen who breaches such agreements, yet he makes his claims and so called correspondence public knowledge. What bank did you work for Owen??
I,m sure they will be quite worried, especially your banker friend in Panama.
Quite frankly Paddy, Most of the above is hopelessly inaccurate. I would take Mr Owen Platt seriously if I were you. He was a board director of a Swiss Bank for several years. Are you really suggesting that he knows nothing about finance? The rest hasalready been adequately answered by Owen Platt.
There are lots of peculiarities about PIPs that dont fit any known pattern, whatever road you take, whether you believe it was all genuine or not, but whichever path it is, there are questions that cannot be answered, questions that defy a logical answer, may even raise doubts about your own reasoning, so be it. I dont think we will ever know the full story, during or after this trail, because that story is not the contender here.
Best wishes
paddy
On most of these points I agree with you Paddy. We can only hope there is a trial and not a plea bargain. Several people have been recently recalled by BNM to re-confirm their evidence.This I hope means we are not far away from the start date rumoured to be April sometime. Hopefully the full truth of the pips downfall will be revealed.
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Thread: Pips info!
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14-03-2007, 06:03 AM #31
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14-03-2007, 12:52 PM #32
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Dreamer, I agree.
Pips was operated under BM's secret formula, everything was hush hush, so no one was supposed to know all the information except BM himself.
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14-03-2007, 01:18 PM #33
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14-03-2007, 11:05 PM #34
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hi, all it is really the good solution to wait again, and again, nearly 2 years we are waiting.
can we really do nothing, with over 100'000 peoples, we can do nothing.
where is the truth, bm was wrong or the bank lie, how many money we all lose. on 100'000 people, we can't find an idea to the problem??
on 2 years, we have some new sometimes, where is the staff???
it's juste some some questions
by all
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17-03-2007, 12:27 AM #35
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The MOST Important Question is:
IF PIPS Was a Scam, then why it was still operating??
Maybe 1 billion $$$ wasn't enough to BM?? Maybe he wanted to make the Biggest scam in the history counting 1 Trillion $$$ ??
LOL
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17-03-2007, 03:25 AM #36
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17-03-2007, 07:51 AM #37
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17-03-2007, 02:51 PM #38
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Pls take note of this link and announcement:
http://www.rolclub.com/pips-program-...ding-pips.html
YB. -
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17-03-2007, 09:35 PM #39
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yes, with 100'000 people, we can do something, stay, to stay, we can stay again 1 year, 2 years, if you want. we really don't know our possibility.
bryan say stay, and do nothing... you thing it 's legal, in realty we don't know all legal possibility.
you thing if 100 k personnes give 10$ , with 1000 k $ we really do seme thing.
see what is possible and don't stay to stay.
sorry for my speaking, english is not my language...
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20-03-2007, 02:43 PM #40
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I really dont know how to find inform on pips from BON after several approachings. I am malaysian and dont know how . . . .any malaysian there can share with me ..
mmm
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