Originally Posted by
Dreamer
Nor to anyone else I might add. Innocent until proven guilty ! :cheers:
Having said that, look at the facts. BNM have conducted a fifteen month investigation into PIPS. In their opinion, there was a case to answer and passed their deliberations on to the prosecution team. Consequently, serious charges of money laundering have been brought against Bryan and Sharon Marsden, The trial is set for September 2007. Hardly encouraging news for the membership, who would have preferred to have heard there was no case to answer.:mad:
Let us not forget the problems prior to pips being shut down in August 2005 either.
Eight months of virtually no withdrawals, no merchant payments, 5 year plan cancelled, Debit cards not funded and the 3% programme not launched. The VAT systems platform never materialised either. Then there’s the outstanding Cease and desist orders and unpaid fines, that remain unresolved to this day.
Needless to say, everybody and their brother have a theory as to what went wrong. Theft by members of staff, intervention by the government, conspiracy, no investments, the list is endless. Whatever reason you believe, only the trial will determine the truth of the situation.
So yes, “innocent until proven guilty” still applies, but don’t get your hopes up for a return of pips. For me personally, the shining light back in July 2005 has gone out.