Thread: BTI information

Originally Posted by champ

The unfortunate thing is the ones instigating the most are the NEW MERCHANTS with no pips accounts.

They stand to lose nothing but their commissions on members purchases that are frozen... But they have managed to convince a tiny percentage of pips members that this is the correct line to take and are allowing them to go to the forefront! These pips members are so weak and easily led that they do not see the forest for the TREES.

They have never botherred to look at any past internet venture that gets shut down, and that the only ones who earn big in this case are the lawyers... NEVER THE MEMBERS!

And all Bryan was trying to do... was to help regular guys out of the hole and get them financially free!

It is so pathetic!

How true Spongebob.

Ok it's pathetic, but it is where we are

Originally Posted by hine

Originally Posted by azmia

Everyone is complaining that he has run off with the money in Picpay which is udder BS. There were millions scammed out of Picpay by members and non-members alike....

....so yes the situations which have happened inside of Picpay are the result of members taking ful advantage of a situation....the members are the ones who are now suffering and not from Bryans hands, but by those who have gained from their ill gotten greed.....as I have said before follow the money trail and it will lead you directly to all of those who have prospered from this tragic situation.... 8)

azmia!

It does not look like everyone is complaining that he run away with the money!....and I am convinced that only very few members believe so.

I disagree with your tesis that members are to blame for the lack of paying the members. To me there have been some very poor fraud prevention routines in PIPS. I dont blame members for the fact that some scammers took advantage of this weakness. They will always be around to plunder any site that do not have a system to prevent fraud.

hine

I have to agree with you on the lack of fraud prevention, but one has to agree that he was blind-sided by the fraud as well. But it does to back to a choice few with opportunity and motive and endurance to suceed !

But I have read far too many finger pointing at Bryan and not enough towards the fraud that was inside of Picpay by members, and merchants that joined up when the payments started to slow down...

8)

What's happend has happend. What's important now is where we go from here.

Hopefully the BoN will see that just as PIPS is real, the complainers who have flooded their office with faxes and letters are few in comparison to the masses who support Bryan and PIPS.

azima, I found this interesting from another thread, weseeall wrote:

I found out the complaints came from someone with username westcliff,some person from the old forum called owler and David Halstead, who is going to have a meeting with the BoM rep next month.

Rumor from reliable sources claim that these individuals were doing large exchanges when that function was availiable and pulled out over 100k from PICPAY then Bryan stopped that and they became merchants -- so he had to pull the plug on the merchant thing also because they were still doing fradulent things just like they were doing with the exchanges -- guess that is what ticked them off and made them complain to the BoM .... after all the loop holes for fraud was removed they could get no more money.

If it was not for these complaints the restructure would have been accomplished much easier -- now the BoM will have to talk to all these guys bringing the claims and then go find their records on the PICPAY database to see if their claims are correct -- I do believe all the activity that they were working thru PICPAY will show up in the records -- I am sure that there are records -- contrary to some of the rumors that there is no records.

Having all this fradulent activity showing what the management was dealing with , and how as soon as one hole was blocked they found another way to go right on defrauding Picpay -- this will show that Bryan had to close all these down and that he was trying to prevent this fradulent activities."

Confirms your statments.

I believe that owlr and David are one in the same...

Originally Posted by champ

azima, I found this interesting from another thread, weseeall wrote:
Rumor from reliable sources claim that these individuals were doing large exchanges when that function was availiable and pulled out over 100k from PICPAY then Bryan stopped that and they became merchants -- so he had to pull the plug on the merchant thing also because they were still doing fradulent things just like they were doing with the exchanges -- guess that is what ticked them off and made them complain to the BoM .... after all the loop holes for fraud was removed they could get no more money.

If it was not for these complaints the restructure would have been accomplished much easier -- now the BoM will have to talk to all these guys bringing the claims and then go find their records on the PICPAY database to see if their claims are correct -- I do believe all the activity that they were working thru PICPAY will show up in the records -- I am sure that there are records -- contrary to some of the rumors that there is no records.

Having all this fradulent activity showing what the management was dealing with , and how as soon as one hole was blocked they found another way to go right on defrauding Picpay -- this will show that Bryan had to close all these down and that he was trying to prevent this fradulent activities."

Well this really doesnt make sense. Why in the world would they commit fraudulent activity and then file a complaint to the authorities exposing themselves to their fraudulent activity????? :shock:

Would be interesting if BoN takes time to go through PicPay activities of each merchant/member filing complaints, only seems fair since they did this to PIPS.

Although I believe most member accounts to be free of fraudulent activity, BoN might find some fraud among some complaining merchants crying they have been defrauded.

Only time will tell.

I thought the idea was to "leave no stone unturned" fraudsters included
Maybe we will see some surprises :D

Originally Posted by champ

azima, I found this interesting from another thread, weseeall wrote:

I found out the complaints came from someone with username westcliff,some person from the old forum called owler and David Halstead, who is going to have a meeting with the BoM rep next month.

Rumor from reliable sources claim that these individuals were doing large exchanges when that function was availiable and pulled out over 100k from PICPAY then Bryan stopped that and they became merchants -- so he had to pull the plug on the merchant thing also because they were still doing fradulent things just like they were doing with the exchanges -- guess that is what ticked them off and made them complain to the BoM .... after all the loop holes for fraud was removed they could get no more money.

If it was not for these complaints the restructure would have been accomplished much easier -- now the BoM will have to talk to all these guys bringing the claims and then go find their records on the PICPAY database to see if their claims are correct -- I do believe all the activity that they were working thru PICPAY will show up in the records -- I am sure that there are records -- contrary to some of the rumors that there is no records.

Having all this fradulent activity showing what the management was dealing with , and how as soon as one hole was blocked they found another way to go right on defrauding Picpay -- this will show that Bryan had to close all these down and that he was trying to prevent this fradulent activities."

Confirms your statments.

No offense, but if Pic Pay hasn't paid any one in months how was anyone defrauded. You actualy have to have a transaction to be defrauded. Pic pay was backed by gold..dollar for dollar,remember? personally since picpay has failed, I would like my gold.
Any one know where are gold is? The gold Bryan said is there?

Any help will be greatly appreciated

Rolmania wrote:

Well this really doesnt make sense. Why in the world would they commit fraudulent activity and then file a complaint to the authorities exposing themselves to their fraudulent activity????? Shocked

I called that an Ooops!!
:D :D :D