Thread: State of Oregon Warning

This is coming from the State of Oregon Department of Consumer and Business Services
NEWS RELEASE
Director’s Office, 350 Winter St. NE, Room 200, Salem, Oregon 97301-3878
For release Friday, June 24, 2005 For more information, contact Rob Brunner,
(503) 947-7855 or DFCS, (503) 378-4140

State financial regulator warns Oregonians about People in Profit System (PIPS)

(SALEM) The Department of Consumer and Business Services warns investors about the possible unlicensed sale of unregistered securities in various forms by People In Profit System (PIPS).

Oregonians should contact Rob Brunner, DCBS Division of Finance & Corporate Securities, (503) 947-7855, if anyone attempts to sell them interests in this investment, which the division believes may be a Ponzi scheme. PIPS’ securities are not registered in Oregon and are sometimes referred to as “loans” by representatives of the company. Several states have issued cease-and-desist orders against PIPS and its promoters.

PIPS, which was started about 24 months ago, is allegedly run by Bryan Marsden, reportedly a British citizen, electrical engineer, and former facilities manager. Marsden has been living and working in Malaysia, but may be in Panama.

The first PIPS investors in this country sent money to a bank account in Malaysia, investigators say, having been promised returns of two percent a day. Potential investors were told that an investment of $450 could return as much as $8,800 or 5,000 percent in 24 months. The company has described its investments as involving real estate, foreign currency, stocks, commodities, bank debentures, and other ventures, although investigators have neither seen nor verified that investors have seen documents detailing their investments or the company.

Early investors reportedly received significant returns; however, later investors have reported problems accessing funds that are allegedly in their accounts, which is a typical pattern for Ponzi schemes that are beginning to fall apart.

Brunner, a DFCS investigator, said that he knows of several Oregonians who sent significant amounts overseas to PIPS. He fears there may be many more Oregon investors about whom the division does not know.

Some PIPS investors are apparently attempting to liquidate their PIPS balances or portfolios by offering to sell them to yet newer investors, said Brunner, which constitutes illegal sales of securities.

“Potential investors always look for profitable investments,” said Floyd Lanter, DFCS administrator. “But wise investors immediately see red flags when told of astounding profits in the short term, if they’ll just get on board right away. They don’t invest a cent until they check out investments thoroughly. Their first step is an easy one: they call DFCS to find out if the securities are registered for sale in Oregon.”

The link to the Government Website where this was posted is http://www.cbs.state.or.us/external/...fit_system.pdf

And from the Statesman Journal -> http://www.statesmanjournal.com/apps...73212640856996

State regulators warn against investing in People in Profit Systems

June 28, 2005

Oregon state financial regulators are warning residents to avoid investing in a program called People in Profit System, also called PIPS.

The Department of Consumer and Business Services said the program involves possible unlicensed sales of unregistered securities. The department suspects PIPS might be a Ponzi scheme.

PIPS' securities are not registered in Oregon and sometimes are referred to as "loans" by representatives of the company.

Several other states already have issued cease-and-desist orders against PIPS and its promoters.

Potential investors were told that an investment of $450 could return as much as $8,800, or 5,000 percent, in 24 months.

Anyone contacted by PIPS representatives is urged to call Rob Brunner of the DCBS Division of Finance and Corporate Securities, (503) 947-7855.

-- Don Currie


What the h*ll is going on guys?

PS Moderators, please don't delete this ... I m just trying to see what is going on here

You know what's going on. They are afraid of PIPS. They want to keep their customers to themselves. This is the way they handle things in the US............ :(

I just hope you are right, I will admit the governement mentioning ponzi schemes etc in relation to an investment you made isn't easy

8) chillout guys and get ur act together...lol

you have to underestand that this is coming from
State of Oregon Department of Consumer and Business Services.

Its true that pips doesnt have a lizence and therefore, they have to warn the comsumer anyway.
And as you see, they r not properly informed and the C&B Services dont even care to give pips a call and get more information.

Thats just poor business of the C&B and quite unprofessional.


Pips is at the moment getting the house in proper order.
Unfortunately, that takes time.


greets

Necromancer

Is there's no free market on this kind of business?

Originally Posted by NomaX

Is there's no free market on this kind of business?

Not in the USA. They are trying to monitor everything people do, by force of some anti-terrorist law. Let us both be thankful we are not living there.

The information within that article is ill written, ill thought out and downright innacurate in several areas.

I better not get $8800 in 24 months!!!!! muppets!!!!!!! :roll:

Originally Posted by sailingdom

The information within that article is ill written, ill thought out and downright innacurate in several areas.

welcome to the world of the U.S. government!

The trouble is however ill informed the authorities are there is little that can be done about it. In these pre New World Order times our individual rights are going to continue to be eroded and violated in the name of what is good for us, for our own security and anything else they can think of. And unfortunately, most people appear blind to this. And will probably wake up when it is too late.

The bible has a great phrase for these d***k heads. It says they are willingly ignorant (Which means being dumb on purpose.) And that applies to more than just stupid legislators, it applies to anyone who ignores or misuses facts to obtain their own ends.

P I P S directs that the program is not to be promoted, and I will follow their rules. There is a system called Pay it Forward, that is the method by which the program should be expanded I think. Though I don't have a problem with setting up accounts for my family and friends with their agreement that they abide by the rules. There is absolutely no profit to be gained by promoting P I P S and I guess if Authorities are getting wind that P I P S is being actually being promoted, my feeling is that only one set of people can be doing it, and thats the trolls to bring the whole thing down, and apparently have nothing better to do.

I hate to be a doom and gloom merchant but I can see a future where P I P S can be further isolated and violated as authorities (The Big Brother who is our guardian) devise legislation that can prevent our high street banks from receiving funds from programs like P I P S. I HOPE I AM WRONG

With people like Bush running the world it gets worse from here on folks. Hang on and enjoy the ride.

An easy flaw and signs leading to just how "goofy" that other odd Oregon dept can get themselves into...

Carefully note this one of many extracts I selected and paste here:

Some PIPS investors are apparently attempting to liquidate their PIPS balances or portfolios by offering to sell them to yet newer investors, said Brunner, which constitutes illegal sales of securities.

They have been outspoken about how they view PIPS and as they put it, illegal and being a "Ponzi", clearly defines that nothing if anything that comes out of it is or can be considered as existing!!!

Hence, to claim and seize (wishful thinking on the profits gathered/confiscated) whatever is deemed as non existent, is in itself a mockery of their own shallowed views let alone, their diabolical statements & claims on anything surrounding PIPS or against BM.

It's another "Show Time" from Hollywood folks...! :D ...by the latest Oregonian oink, OINKS!!! :lol: :lol: