Thread: Pips info!

Please contact Bank Negara Malaysia's Special Investigations Unit at :
+603 2691 0824 / 2692 6482 / 2698 2810 / 2694 2143 for further query
regarding this issue.

I sugest to pick up your phones and call this bank negara so that they can see that there are lot of pips supporters out there waiting for new informations!

Also, if they could prove theyre convictions against pips, they would be in jail by far! That is for sure!
This is the only reason that this trial is lasting too long!

Originally Posted by trale

Please contact Bank Negara Malaysia's Special Investigations Unit at :
+603 2691 0824 / 2692 6482 / 2698 2810 / 2694 2143 for further query
regarding this issue.

I sugest to pick up your phones and call this bank negara so that they can see that there are lot of pips supporters out there waiting for new informations!

Also, if they could prove theyre convictions against pips, they would be in jail by far! That is for sure!
This is the only reason that this trial is lasting too long!

There is nothing needed further TO BE SURE about this trial and as for it lasting too long... our opinions in fact has no influence, albeit in this forum or elsewhere but in the hands of the State Prosecutor's Dept handling the case.

You need to first understand how judicial matters are formally handled and I think your latest post on this matter in suggesting that "pipsters" should plague the BN office with calls...indicates you may be out of the loop for sometime since.

If that is the case, no problem then, you only need to read more on the thrreads and then gather a better picture of the current status.

By the way, staying in custody, even though NOT being convicted by due process, this being in Malaysia and not in Macedonia which probably differ plenty in civil cases such as this is, dealing with Fraud.

Originally Posted by YogiBrood

There is nothing needed further TO BE SURE about this trial and as for it lasting too long... our opinions in fact has no influence, albeit in this forum or elsewhere but in the hands of the State Prosecutor's Dept handling the case.

You need to first understand how judicial matters are formally handled and I think your latest post on this matter in suggesting that "pipsters" should plague the BN office with calls...indicates you may be out of the loop for sometime since.

If that is the case, no problem then, you only need to read more on the thrreads and then gather a better picture of the current status.

By the way, staying in custody, even though NOT being convicted by due process, this being in Malaysia and not in Macedonia which probably differ plenty in civil cases such as this is, dealing with Fraud.

Yogibrood, you're right by some point of view, BUT this is not my opinion!
I've talked with one experienced judge and he said that the only reason this trial still lasts is that BNM doesn't have any true evidence for their convictions against PIPS!
He also said that if this is their first case of this kind, they will be VERY carefull with their sentence because they don't want to make bad publicity for doing business in Malaysia! I other words, No one will want to invest in this country anymore!

And YES, we would and we should pick up the phones and 'bother them' about this issue because we are the creditors of this company!

As final, PIPS is charged for money laundering and NOT for Fraud!

Pi Inc is not a physical body like what theey have with Bryan Marsden and he will be stacked up with "fraud", if and when it is proven or can be proven...we have to wait on that outcome.

It goes like this, first settle the situation with B and S Marsden and from there, or during the course of the trials, whatever gets exposed, spilled out if you will, the court gets to know and from that again, will it determine just where and how the final results would be determined to judge Bryan for what is originally alleged ....by the State Prosecutor.

In the meanwhile, sit tight to your seat...like sitting on a highly charged seat with only 12volts pulsating through... cos it appears to look and feel the jitters for some that cannot get over this, so far!

If you want, or anybody who wants to know, it becomes an individual involvement and that can be an undertaking which will see some costs....like flying out there or have your case Represented through the proper channels, get a Solicitor to look up on yr behalf... but plundering with phone calls is the meaky and senseless way to accomplish your curiosity here.


I know you are concern and many who communicate with you... but this is a lame duck case and it will eventually be next on the given evidence that are gathered and pulled in ...but the investigation is not completed as yet and even IF IT IS, it is NOT the only case to be handled at each passing day....

Each case has its turn and the judge appointed, is not on too long a holiday either...

It seems that there are many elements at work here. The hard part for us on this side of the computer scene, is how those various elements will work with or against each other for some sort of resolution.

Questions: What was the influence of the US Treasury on BMN to investigate this type of "investing?" Where does the Malaysian government stand to gain or lose from this case? How will a negative verdict impact future specualtive investing? As creditors in this case, do we have any possible influence other then as flies in the ointment? Will we, as creditors have any future claim or liability? Would massive telephone calling annoy anyone other than the switchboard person who has to answer them?

It's hard to "sit tight" and wait, but, in reality, what else can we do?

wishing us all success(and that includes the Marsdens)

harrisomi

Precisely.... little is left but hope an early closure can deliver with all sides satisfied at the least offered, some minimal fund or sum to those and all affected by this incalculable loss that runs into the millions!!

It is a good topic to sit tight on and talk about it...nothing wrong in this and all exchanges respectably exchange are always welcome as input to digest happily on...since it is better to chin up than moan-groan endlessly!


YB.

Originally Posted by harrisomi

It seems that there are many elements at work here. The hard part for us on this side of the computer scene, is how those various elements will work with or against each other for some sort of resolution.

Questions: What was the influence of the US Treasury on BMN to investigate this type of "investing?" Where does the Malaysian government stand to gain or lose from this case? How will a negative verdict impact future specualtive investing? As creditors in this case, do we have any possible influence other then as flies in the ointment? Will we, as creditors have any future claim or liability? Would massive telephone calling annoy anyone other than the switchboard person who has to answer them?

It's hard to "sit tight" and wait, but, in reality, what else can we do?

wishing us all success(and that includes the Marsdens)

harrisomi

I think that it will be very clever to push the US Treasury and other central banks to influence on this case.
We will need to make a groups of pips members from all countries and each group will need to have its own leader who will represent our problem as creditors in this case.
This is the time where we all need to stick together because we are strong only when we are together.

We need to make this case BIG so that everyone in the business and investment world should know about this problem we as creditors and private investors are experiancing because it's not the matter only for Marsdens but for all private investors wordwide who deposited large amounts of cash in Pureinvestor.com inc.
We cant just forgive those money and let to some Malaisya to confiscate it.
We have our rights as well as international private investors in the global market!

Reading these comments I think it must be remembered that Central Banks are not in place to prosecute possible wrongdoers but to ensure the stability of the local economy and at the same time to protect its own citizens from fraud. As far as those who 'loaned' monies to Pips are concerned, an attitude of "caveat emptor" will prevail in the eyes of Bank Negara. They have achieved their objective i.e. the closure of Pips and it is the state prosecutor who has filed charges, not the bank.
The charges of money laundering, which are, incidentally, also charges of fraudulent conversion and thus of fraud, pertain to transactions that took place within Malaysia.
Whether any other jurisdictions are considering action I know not but, strictly speaking, it could only occur if a defrauded investor filed an official complaint.
Compared with the theoretical indebtedness of the company, the Numbers on a Screen, I believe that there will be only a miniscule amount left over making any private lawsuit a valueless exercise.
There is much anticipation concerning the upcoming trial but I feel that it is unlikely that a great deal will be revealed - Malaysia will be content with having closed down Pips and effectively preventing the Marsdens from operating again within their borders.

Originally Posted by Owen Platt

Reading these comments I think it must be remembered that Central Banks are not in place to prosecute possible wrongdoers but to ensure the stability of the local economy and at the same time to protect its own citizens from fraud. As far as those who 'loaned' monies to Pips are concerned, an attitude of "caveat emptor" will prevail in the eyes of Bank Negara. They have achieved their objective i.e. the closure of Pips and it is the state prosecutor who has filed charges, not the bank.
The charges of money laundering, which are, incidentally, also charges of fraudulent conversion and thus of fraud, pertain to transactions that took place within Malaysia.
Whether any other jurisdictions are considering action I know not but, strictly speaking, it could only occur if a defrauded investor filed an official complaint.
Compared with the theoretical indebtedness of the company, the Numbers on a Screen, I believe that there will be only a miniscule amount left over making any private lawsuit a valueless exercise.
There is much anticipation concerning the upcoming trial but I feel that it is unlikely that a great deal will be revealed - Malaysia will be content with having closed down Pips and effectively preventing the Marsdens from operating again within their borders.

Sorry did you said ' miniscule amount' ??

As far as I know, PIPS have had some 1,5 BILLION usd or little more!

Where did this BILLIONS go then?

Are they stucked in the offshore accounts as Panama?

I'm thinking to myself,... Marsdens will be VERY rich when they get out from Malaysia.

There is no evidence of the 'billions' of dollars that Pips might have had. The actual membership, as opposed to the claimed numbers, was in the order of 80,000 not 200,000. Of these, the majority were almost certainly smaller players so the likelihood of the invested total being anywhere near the billion mark is remote.
Similarly, there is no evidence of any meaningful investments having been made to have increased these funds.
If any money was stashed away offshore, in today's world it would most certainly have come to light in view of the Central Bank of Malaysia's enquiries which have been global in their scope. Every transaction now has a trail which is easily followed so I doubt very much that the Marsdens will be rolling in the stuff when they escape their present predicament.