Thread: Updates on BM & PIPS Refund, Claims & Payouts

Couldn't say it better!

That this hasn't been fought as a class action lawsuit is a desaster to say the least. PIPS Inc. business was registered in Malaysia. For me it means that Malay Authorities MUST consider the WHOLE membership and reimburse to ALL members who participated in this program. The members list is known, for an Authority who acts and "Authority" there is no reason at all to keep any money from members (Every central bank prints its own fiat money as they see fit anyway) but - since Marsden was convicted - an automatic refund process to all members MUST or should have been initiated. Period. Everything else are lame excuses IMO.

I also got this email after a long time mentioning the refunds and was only too disappointed to see that only a small group who was able to file apparently individual cases apparently had some success while it should've been the aim from the very start to insist to represent us as a whole group. But that's the normal procedure in our world where everyone just follows its own benefits...

Anyway, the very next and urgent aim should be that ALL members get refunded. Since there is already a small group very well informed in this whole process (where 98% of us are completely outta loop and have no clue what/where/when) and knows the lawers involved etc. my suggestion would be that after you got your refunds help to file a class action suit or some sort of.

The membership was how many people strong? I don't remember the numbers, I think it was above 100k members. It just cannot be that out of 100 or 200k members only 1-2 handful get refunds while the Banks/Authorities in Malaysia keep hundreds of millions of dollars away from OUR monies!

Originally Posted by bcjazz

I would like to say that I do not think any of us was looking for a free ride on anyone. I really believed that this venture was to benefit all of us in the end. That is why we all had this forum, to keep up on what the leaders were doing and watching for when we would be instructed to do a claim. It is very discouraging to find out that we were not included and the attitued is just telling us "too bad, so sad" I hope other things can happen for those of us who followed and watched for years in hopes of getting some little refund. I do not think it was made clear that if we did not donate, we would not be included. This is not a donation, it is a purchase:) I thought it was a volunteer who offered to help us all as a group and the donations were to be from those who could afford to donate. It was not clear that we had to sign up or donate or anything. We were lead to believe that we were all included in the quest to get some sort of refund for all of us.
bcjazz