Unfortunately for some pipsters, they believed the BS until BNM moved in. When they exchanged their picpay with family and friends they genuinely believed pips was alive and well and opening a new bank of its own.
Having said that,there were plenty of scammers and professional recruiters who knew only to well that pips was in trouble.
The million dollar question about refunds has been answered several times.The Government will swallow up most of the frozen money.Investors most probably wont get a dime.