My call to Central Bank of Malaysia
First of all, I have been a member of PIPS since March 10, 2005. I have continued to read the forums and keep abreast of what has been going on, but lately since the bank has stepped in things have been very vague. I have continued to read things and talk to various people who I know are also involved in PIPS but nothing is making sense. So, I called the Central Bank of Malaysia with specific questions and here is what a Mr. Mallik from the Central Bank of Malaysia had to say:
Bryan Marsden is being charged with illegally collecting deposits without prior approval from the Central Bank of Malaysia. This a criminal offense punishable by up to 10 years in prison, or up to 10 million Ringgit find (approx $2.5 million dollars), or both.
I asked if PIPS Realty and the Children's Bible were allowed to operate. Mr. Mallik stated, that since PIPS Realty and the Children's Bible are legal companies they have been allowed to continue operations. Although, he did also say that illegal deposits have been collected and put into legal companies, he refered to this as money laundering. No further comment about that was made.
I asked whether PIPS Inc and PICPAY websites can continue? Mr. Mallik stated, that was up to Bryan Marsden, the Central Bank of Malaysia did not take them down.
I asked if our money was still being allowed to accumulate and grow and Mr. Mallik stated, that again that was up to Bryan Marsden.
I asked if the bank was going to help PIPS Inc get timely payments out to the members. Mr. Mallik stated that the Central Bank of Malaysia is conducting a criminal investigation against Bryan Marsden and they are doing nothing else otherwise.
I asked if people could get their money out of PIPS Inc and Mr. Mallik stated, contact PIPS Inc. I thanked Mr. Mallik for his help and the conversation ended. I called at 10:20AM Malaysia time on 9/15/2005.
Now, I am NOT trying to stir anything up here, I am just a concerned PIPS member who wants to know what's going on. I support Bryan completely and will help out in anyway possible. However, I would appreciate it very much if Bryan could respond to these questions and answers. And, tells us how we can help him.
I have filed no complaint against Bryan with the bank or anyone else. I was on a fact finding mission for answers. The one way we can help Bryan, is let the Central Bank of Malaysia do their investigation, do not complain because that will just make matters worse for us all. Let's get this thing behind us and move forward. Thanks everybody.
Castle
Who the hell is going to believe you!?
I have been a member of PIPS since March 10, 2005. I have continued to read and write in the forums to keep abreast of what has been going on, especially since the bank has stepped in things have been very vague. I have continued to read things and talk to various people who I know are also involved in PIPS but nothing is making sense. So, I called just any body who is at Malaysia with specific questions I was sure that anybody from Malaysia would be
1) aware of pips
2) know everything about it
3) allowed to talk to any ***** who can pic up a phone
4) have so much time in his hands to talk to me
5) be really nice to me
and here is what a Mr. Mallik from Malaysia had to say:
Bryan Marsden is being charged with illegally collecting deposits without prior approval from the Central Bank of Malaysia. Because in Malaysia, if you are going to collect money illegally you must first tell the bank. This a criminal offense punishable by up to 10 years in prison, or up to 10 million Ringgit find (approx $2.5 million dollars), or both.
I asked if PIPS Realty and the Children's Bible were allowed to operate. Mr. Mallik stated, that Although illegal deposits have been collected and put into legal companies like PIPS Realty and the Children's Bible these are still legal companies and they have been allowed to continue operations. No further comment about that was made.
I asked whether PIPS Inc and PICPAY websites can continue? Mr. Mallik stated, that even though these were built on money collected illegally, without the permission of te bank this was still up to Bryan Marsden, the Central Bank of Malaysia did not take them down.
I asked if people could get their money out of PIPS Inc and Mr. Mallik stated, contact PIPS Inc. I thanked Mr. Mallik for his help not realising he was just having fun making me look like a complete JACKASS and the conversation ended. I called at 10:20AM Malaysia time on 9/15/2005. and I'm only writing this now