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Its been a while sinec I visited the forum here. Is there any hope I'll get my money back from PIPs? If you have any info that would be great. My wife had to have brain surgery & we got crushed with her out of work. Now it looks like the tumor is back & I really need extra cash just to keep the lights on. If you have ANY news it would mean a lot.
Ex-Pips/RC member
Hi & welcome back. :ro_emote:
I'm sorry to hear your wife's job loss and more urgent need to tend to her surgery as top priority.:eek:
The q'n really is, HOW long more and when it does wrap up, just who are in the front line?? That can be considered for the disbursement (of what is left) after immediate shareholders or creditors made their case for claim and is approved by the BN who will by then with the State monetary authorities, decide at or on whatever amount after every case by case, gets scrutinized and eventually qualify for refund or disbursement.... imho.
There is the other alternative as option and this I am sure, is not easily forgotten or written off either by those in the waiting on how the trial ends to further determine the chances of continuing with a separate prosecution at the Marsdens in other courts/countries for more claims that can be brought under judicial legislation of a respective country or location that can also make claim to the remaining money that may still float elsewhere where the Malaysian authorities have no power to get their hands on.
Having said that, this is with reference to the many more who have lost "plenty" of money and would not let up on the opportunity when the Marsdens trial is completely closed and settled in Malaysia.
Then follows the other option again, where I hope for you, like many out there, were "NEVER" involved in coercing or helping to convert PicPay into real cash to help newcomers sign up into PIPs... coz you will or for those involved in such, stand a possible chance of being dragged into court for conspiring to help scam on behalf of the Marsdens... however debatable this contention can be viewed... it is certainly, not something to be regarded lightly as a joke by those who will pick and scrape from whoever that did this to them....to join PIPs operated by PI Inc/BM.
Hence, if you were a victim by this very nature then, you could be considering this option too on the chap who "talked" you into it and taking in your real cash from or through your Bank's withdrawal and conveniently/subsequently exchanged in lieu with PicPay to sign you in speedily... albeit on that $450 account or much more.
All these developments does take time for sure and its not in months.... but it will surely go on longer even if it takes another 5 to 8 years for the duration needed so long as the Marsdens live on and after being release from Malaysian custody/detention or call what you will while the records are still made available with the cooperation of the Malaysian authorities as they have the bulk of most documents currently used as evidence for the trial.
I'm sorry to post a long and gloomy picture about the potential outcome but looking at current developments with scam-related cases and those that are charged with it... the standards of today against scam artists (Madoff being the record Mother of them ALL Ponzi Scams...) now applied simply gets increased and stringent to help minimize and/or to curb such scam artists from getting away easily...
Visit the threads and post your thoughts here more often, I'm sure others would like to share and relate to your outcome too.
It also helps to ease the stress and trauma you both have to go through all these while.... :bow:
When, if at all a payout/disbursement shall take place, is as good a guess as anyone else being .... I really have no idea. I'm still looking at GINS which is already wrapped up but nothing so far in sight with our money for disbursement! :mad:....:noserious
Take care and may your beloved wife have a successful surgery with greetings from us and the Forum.
The Admins.