Thread: Pips Trial News Nov 2007.

Originally Posted by sistersister

Hi there everyone,

Thanks for the update.

It is a year already? That frozen money is surely making someone some interest in that bank, don't you think? So who is really benefiting from the delay? Not us or the Marsdens. There are nefarious creatures lurking in the background like an old B&W film noire....is that Robert Mitchem in shadows smoking a Pall Mall? Their tears are for their hopeless situation. They know well how the background works in that country, better than any of us do who are foreign to that local gov. After all, the Marsdens were rubbing elbows with them when their PIP Scam was working in the their favor. Now they are in the slammer and the loot is still in the bank making some more money for the bank.

Just another day in paradise. Business as usual. Eventually, the court delays will take its toll on Sharon. She may end up having a real breakdown. People die in jail out of sheer dispair every day. I believe her words. So, is the delay really in their favor or is that also a set-up in disguise? I do not believe we will ever get a dime back. That is not anyones real intention. The trial is to set the record straight on naming the Scam and the "victims" The money is the property of the bank and the forces that hold that background together. If they are convicted or fined or both, is a detail and the Marsdens are just pawns on the big chessboard.

Where there is money, there is greed. Today, the Marsdens would just rather be free. All that money made them 2 caged hamsters and their world is narrowed into a 3 X5 cell.

So guys, go outside and sit in the sun, walk the dog, kiss that baby, hug your kids and wife and husband. It is good to be free, isn't it?

I still loved when PIPS was running and had a great time. After all, how would all of us met if PIPS never happened?

Just always remember that for every one of us, life is sacred. If that is our true intention, then our individual lives will shine. So shine on PIPSters.

I love you all!

Interesting take that "nefarious creatures" are lurking in the background that just managed to deposit all that money in BM and Sharon's personal bank accounts, and all without BM and Sharon's knowledge. As for all that interest earning money, and it having to go to someone, did you ever stop to think that it should go to cover the costs of the trial? The Marsden's are the ones who incurred this expense, not the government.

This trial in Malaysia has to do with Malaysians. It has nothing to do with the monies contributed by foreigners. You want your money back, and you are not Malaysian? Then file a civil, criminal or both lawsuit against the one who promoted you to join PIPS. For that is the only way you may have a chance at getting any of your money back if you are not Malaysian.

This notion that PIPS was real, and there were trading programs generating the 2% daily return compounded was all a lie. Contrary to what BM said, or was "guaranteeing," these programs did not exist. For if they were really real, PIPS would still be going today. There are only 2 people that have been charged, and this was after a thorough investigation was conducted. There was no conspiracy, there were no employees stealing money, but there were plenty of PIPSters who stole from other PIPSters by selling them their PicPay when they knew it was worthless. The only way those who had this happen to them is to sue the promoters and sellers of their PicPay. All foreigners are unsecured creditors, and unsecured creditors do not have any legal standing in court regardless of where the trial is held.

I read everything you send us about the trial & I'm glad you're keeping us informed.
Please don't give up. When there's life, there's hope. We all need this to come
out in our favor because we need it in this system we have to live in. I hope
the trial is soon & all is OK. Keep us abreast of the situation. Thanks.
Rooster53

Such a bland statement LynnRE!

Do you have a copy of PIPs accounts?
How much money came in from Investors?
How much was paid out?

The 2% programme commenced in 2003 during the then member clone system.
Let us consider this group only since no outsiders had a foothold untill PIPs was
launched.
You are saying we paid each other the interest earned for each £25 unit that
was invested. That is nonsense. We had 8 months of profit before the changover
to the new programme. I have over $1000 added to my new PIPs account which
I could have withdrawn whenever I wished. That goes for all of those early 2%
investors. You are stating we contributed those profits ourselves. How???

We all enjoyed a free $450 PIPs account on launch day. Within a month or two
we could start withdrawals. Are you implying that the small number of new investors
were the actual payees of that profit? How? We did not experience money madness
so early. $450 was a big investment in an unproved company, yet we had established
members withdrawing many thousands....from where??

Please do try and use a bit of logic.

paddy

I find this continuing belief that everyone was gifted into PIPS with a free $425 quite intriguing. First of all, you lost $425 from GWPI when this was done as the entry price for GWPI was $850. So you were not gifted "free" contrary to what you want to call it. I'll give out $425 "free gifts" to anyone who pays me $850 all day long. By doing this it also gave PIPS an instant membership. Thus all those people who received these so-called "free" gifts promoted the heck out of PIPS. With many people putting 7 figures (meaning a million or more into PIPS), some of which have posted doing so on this forum, of course you had instant funds to start paying. You had others who were putting in low to mid-6 figures as well. Remember, since GWPI was closed, he didn't have to pay out all that interest that he could not pay out in GWPI, plus he kept $425 of the $850 to help set up PIPS.

BM love to tout that the membership was over 200,000, and with his opeing up China it was going to more than double. Actually the membership was probably closer to 80,000 due to multiple positions held by many. Still, you had a membership that could early on sustain the payouts BM was making. It wasn't until late 04 that the membership enrollments started to fall off. They especially took a hit when he stopped the sponsorship program. To try and keep the membership growing he kept adding programs at each stop on his world tour. Even that could not sustain what he had to pay out versus what money he really had to pay out.

Throw in the mix those PIPSters who was selling their PicPay to new PIPSters, and PIPS never saw a dime of that money. But the people who bought it thought it did. The irony is that the people who did this probably received more money than BM did during this period of time. And they didn't have to guarantee any payout, as that fell to BM to do and his problem. That's when the deck of cards really started to fall apart. As to new members paying for the early members, absolutely. Just figure an average investment of $750, then multiply that by 80,000 and you definitley have enough new money coming in to pay out the early members. Of course once the new membership don't keep increasing, soon you don't have enough new money coming in to pay out your "guaranteed 2% per trading day compounded." Especially since you don't have enough any programs generating this type of returns.

There isn't enough space to go into all the detail of all of this, but it is not based on speculation, hearsay, but on how all scams like this fall apart. They all follow the same pattern. The only difference is the length of time they run before they fall apart. By most scams standards, PIPS didn't even last the normal timeline before it collapsed.

Quote From:http://www.rolclub.com/plexpay/22666...tml#post248670
Remember that PIPS is charge for Money Laundering and
it´s account is frozen, so the money is still there. The thing they did wrong was not to demand
identification documents and source of founds documents of member when joining. After the trial against them is over, probably in December, there are a lot of money that should go back to it´s right full owner.
Unquote:

IF THE FOLLOWIN IS TRUE, THEN PIPS IS NOT PONZI:

"The thing they did wrong was not to demand
identification documents and source of founds documents of member when joining"


pinetree

Totally incorrect. The charges of money laundering have been laid against Mr. and Mrs. Marsden personally, not against PIPS, and concerns the transfer of funds from Pips account into their own personal bank accounts. This is fraudulent conversion.
The investigator from Bank Negara stated that they found very little cash in the Pips accounts - it had all been transferred to the Marsdens.

Originally Posted by pinetree

Quote From:http://www.rolclub.com/plexpay/22666...tml#post248670
Remember that PIPS is charge for Money Laundering and
it´s account is frozen, so the money is still there. The thing they did wrong was not to demand
identification documents and source of founds documents of member when joining. After the trial against them is over, probably in December, there are a lot of money that should go back to it´s right full owner.
Unquote:

IF THE FOLLOWIN IS TRUE, THEN PIPS IS NOT PONZI:

"The thing they did wrong was not to demand
identification documents and source of founds documents of member when joining"


pinetree

How about adding, having no correct trading licences, no withdrawals for 8 months,no funding of the debit card,cancelling the 5 year programme,not paying merchants,etc etc etc.

Owen Platt has correctly pointed out the first trial will address the money laundering charges.The 2nd trial will address the other issues connected with pips.

According to you pinetree no programmes are scams,so where are they now? SI,Swisscash,troybank,plexplay,gins,12daily play,the list of failures is endless. I know,they are all coming back.

Dreamer, you could have added making no investments on behalf of the members to your list!

Originally Posted by Owen Platt

Dreamer, you could have added making no investments on behalf of the members to your list!

Can't agree there OP. We had the loss leading Bistro,pips fashion and the tandoori restaurant. The best was the kids Bible, but that reverted to Tom since the episode money was not forthcoming.

Plenty of investment, just all bad.

They were INVESTMENTS? Don't think any were in the name of Pips - Marsden perhaps/