Thread: PIPSINC HEARING NEWS - 22/May/07

Originally Posted by oldtimer

How can anyone access assets that are frozen??

How can anyone access assets that aren't there, is more likely the situation.

Afraid so, Nej.

juliee: I have a vested interest in both not pouring good money down the drain but also in supporting the person whom I invested both my money and good faith in.
Most will undoubtedly share your concerns but when addressing the support situation, it has become a far cry which reflects... an obvious picture thus far.

juliee: I think as a collective there is room to back BM with legal representation. Is there someone on the ground who can find an appropiately versed lawyer there?
We have pondered & been on that path prior to the fund raising efforts (still valid & open) and looking back, I can advise this suggestion, PM us and your devoted "$um" shall be recorded and your ID kept confidential and once there is a substantial amount collected (which I doubt will exceed 3K to 6K USD), the pessimistic picture on this remains. This is an open invitation to all reading this post regarding a contribution (one time or more) that may secure the legal fees (not the bail!!!). bearing in mind, BM may not like the idea of another group appointing a new Counsel if he is already "satisfied" with the current Defence Attorney.

juliee: It is in all of our best interests to get the best result from this trial regardless of its outcome...No regrets.
You are speaking... based on your own terms I trust?


juliee: I appreciate those finding a way that we can contribute without incurring undue costs and look forward to knowing how to do so.
regards juliee.

In such a case as this, undue costs must be anticipated hence, the cautious approach ROLClub took where no one can reflect by adding more or feeling more obligated or "stretched" out with funds to see & gain some information as a reliable feedback, just to satisfy curiosity long overdue.

YB.

Here is a composite photos. Hope you find it interesting.

As far as providing the Marsden's with funds for their defence, I would have thought that most members have contributed enough already. His present lawyer seems to be more than adequately qualified for the almost impossible task that he has in view of the "I have lost everything" statement.
Also, I believe a good many sent money to an earlier defence fund, funds which would have appeared to have been misappropriated. Certainly, they were not used for a defence lawyer.

Originally Posted by Owen Platt

As far as providing the Marsden's with funds for their defence, I would have thought that most members have contributed enough already. His present lawyer seems to be more than adequately qualified for the almost impossible task that he has in view of the "I have lost everything" statement.
Also, I believe a good many sent money to an earlier defence fund, funds which would have appeared to have been misappropriated. Certainly, they were not used for a defence lawyer.

Thank you Owen on that revelation...it goes to show, just how "others" who earlier were suggesting to help out on that other alternative, are of the same crew and cadet school in misappropriation of other man's good and humbled funds...

They then have the right to feel betrayed by those who collected their donations!

Any and ALL the funds donated to our collection is solely to fund as "costs" amounting to the initiative we, ROLCLub and membership, has decided upon. It is by no way, used or be involved in the trial or defence of the Marsdens. Anyone, that had so far participated in the donation drive, is and has the right to speak out on this collection as deemed for and anyone WHO HAS NOT donated to the funding, please reserve your opinions and comments to yourself...regarding any relationship you feel as being part of those that had indeed contributed.

If you wish to donate, we still welcome your contribution and it will be utilised appropriately in funding the goals set forth by our Moderator thebat$ when he makes every research and journey to the destination where the Trial is held. This is carried out to meet donors expectations and as a voluntary involvement with full understanding of its purpose.


YB.

Yes Owen, you are right about defence money. However, I think that many old pipsters would gladly contribute for sending batty to attend the trials and hearings. This would probably be the only way of finding out the truth about BM's business empire.

If somebody can figure out an easy way (other than egold) to contribute, I think many would send a few bucks, at least I would.

I have suggested moneybookers before. It would be a good alternative at least for our European members, as their fees are very reasonable and uploading money directly from your bank account is free from several countries.

Originally Posted by bultn

Yes Owen, you are right about defence money. However, I think that many old pipsters would gladly contribute for sending batty to attend the trials and hearings. This would probably be the only way of finding out the truth about BM's business empire.

If somebody can figure out an easy way (other than egold) to contribute, I think many would send a few bucks, at least I would.

I have suggested moneybookers before. It would be a good alternative at least for our European members, as their fees are very reasonable and uploading money directly from your bank account is free from several countries.

Well said.

All that remains to members now,is to find out what actually happened to pips.No "know all" speculation,just the facts of the matter.

As for raising funds for a defence lawyer, this has been discussed before.As I recall, millions would be needed to fund such a mammoth task.With the best will in the world, it's just not possible.

I do agree that more members would contribute using another payment processor. So Admin it's over to you !

Thank you bultn for the indication and I wish we can someday soon come to an easier and comfortable solution where almost if not all, wishing to donate, can do so.

There is this 4-way avenue involved ....and if it can be avoided to just two, it would helped favourably but can we?

1- Funding by a bank transfer adds cost to recipient, charged by receiving bank.
2- Funds acumulated and channelled out, is recorded and potentially subjected in the future, for fiscal taxes.
3- Funds heading out as Transfer to another bank (in Malaysia) is met by costs again.
4- Funds received by thebat$ is charged again and this we have to incorporate substantially in advance.

From thebat$'s end in receiving through Egold, little costs is incurred (but still has to be deducted from the Fund) as it turned out to be and this is favourable.

The involvement sketched out is inevitable and if it is a large sum, it can become affordable but when one is dealing in 3-digits only, it is very much discouraging and one just cannot turn a blind eye to this either next to the daunting ask of keeping the records transparent as best as one can with time involved and being slapped by the tax dept in a later part of next year's tax returns.

The account that ROLClub has, have to stay separate and away from any involvement on this individual initiative and Marek plans to have it that way maintained! I cannot agree more on this.

Nobody likes the idea of their contribution being envelloped by fees or transfer charges and esp. when we are looking at each individual donation amounting to single or double digits only!! So lets bear this in mind first and foremost.

We will look at another option somehow but if it involves bank transfers, and one can only afford $2 or less than $25 a time, I know of only a handful who will still be willing or be able to contribute, the rest will stay away and let others do the funding... looking at the rest that vowed to but to this day, failed to prove their genuine gesture... we cannot rely on such sources or by anyone for that matter.

The ideal & modest amount is $25 per person, estimated at some 500 contributing supporters but being a sceptic and deciding to test the waters among members who are mostly "dried out" less the Dinars they'd rather invest in, $2 was the litmus here to prove the minimum of support one can truly rely on....in such times and $2 for MANY, is still ALOT, believe you me and by the Funding List that has now proven us on the current status!!!


YB.

I do agree... no one can access assets that are frozen.. However it is my opinion that the attorney handling BMM's case has his hands tied-up either by the authorities there or has too much on his 'plate' to be concerned about the Marsdens... There must be some Legal, in the international community who may be able to make progress with this situation. I have lived in a third-world country and seen the process of persons arrested ... The legal process can take 10 years if there is no proper representation..
I personally have an outstanding investments in PIPS but at this time I am financially depressed having to support my deceased daughter's 3 kids. I am hoping that with the recovery of PIPS I could do a lot better.
I do hope someone can find the way to help Bryan. I know him as a honest person as I met him in Las Vegas. He has helped so many of us and we need to try to help now that he is in need. May God be with him.