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  1. #1
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    Default Need a Legal Aid

    I would appreciate your comments and legal help regarding this e-mail I received today from so-called friend:

    Hi xxxxxxx,

    Just thought you would like to know this advice that we have been given recently.

    After much correspondence with various bodies it now turns out that even if Bank Negara manages to recoup part of peoples monies we will not be entitle to any.

    This is due to 2 reasons:
    1/ Had we dealt direct with PIPS they would never had processed the transaction. As NO new transactions were accepted from early January. (Meaning we would not have lost a penny).
    2/ As all our payments were made to you we have no contract with PIPS binding or otherwise.

    Also PIPS was actually illegal in this country as it wasn't licensed with the appropriate authorities so should have not have been traded in this country by anyone.

    With all these things being taken into consideration we have been ADVISED to issue a 30 days notice to you for the return of funds, or take court action if not resolved by then. Also to pass all payment information to the FSA and the Inland Revenue as these organisations are now investigating peoples association with PIPS and people profiting from selling units of this scam.

    This only came about due to the fact that we had to remortgage to clear the credit cards and loan that we took out for PIPS. Which has also meant that I have now had to go back to full time working rather than part-time to cover the new mortgage payments.

    Both our solicitor and accountant have advised similar action due to us not having received anything for our money and not being able to recoup this money any other way and also being liable for it on our accounts as we have no proof of what £3500+ was used for.

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  3. #2
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    It's A Load Of Tripe . Bin The Crap .

  4. #3
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    Default

    I would simply say that if you are forced to return those funds,
    make sure that you ask for official documentation that all accounts be
    turned over to you.

    itzme

  5. #4
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    Thanks lutwich / itzme
    There's no problem in returning the money but what bother's me is that that person ask me to make a transfer on several occasions and even thou I pointed out the pros and cons of that program he/she still went ahead.....and it wasn't even me who introduce him/her with PIPS.
    Anyhow thanks for your reply...
    Cheers
    Finida42

  6. #5
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    Default

    You need new friends. I'm glad repaying won't be a hardship for you and I hope your "friend" doesn't accuse you of selling PIPS units, or cause you any further grief!
    Jean

    The reasonable man adapts himself to the world. The unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. (George Bernard Shaw)
    http://www.jean.theicbgroup.com/

  7. #6
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    Default

    Hi all, I also got this email
    ----------------------------------------------------------------------------
    XXXX:

    Due to the demise of Pips/Picpay, and the fact that we have not been paid for any of the Picpay orders that we have shipped, we are forced to contact all of our Buyers in an effort to recover the funds owed.

    There will be a letter (Email) sent to all of the buyers from our Lawyers stating our position on this matter, and the legal ownership of the goods that you have purchased.

    Thank you.
    ----------------------------------------------------------------------------
    I'm not sure, but can the merchant do this, since first of all we agree that he sell product and accepting picpay, and I did pay with picpay. so if picpay for some reason close down that's not in our agreement to repay this with other method right?

    also if you guys remember, all product that being sold at picpay was double or atleast much higher than their retail price, so if the merchant ask to repay does this mean I have to pay thats much...

    please advice

  8. #7
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    Indeed, if funds are required to be returned, seller should at least forego the mark-up. RSK

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    It may differ from country to country, but here in Holland, if the conditions of sale do not specifically include that ownership of the goods is transferred after payment is received, the seller has no rights.

    Second, you agreed to buy a product paying in picpay dollars. They offered to be paid in picpay dollars and you accepted their offer.
    In my opinion they legally cannot force you to be paid in real dollars.
    Now, you might want to get into contact with them and see if you can meet in the middle. Saves you the hassle from lawyers and collection agencies, but before you do that, they need to return the picpay dollars (and how are they going to do that, I ask)
    Regards,

    4P

  10. #9
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    Finida42

    I understand your predicament. I suggest that should they start getting "tough" etc. Your defence is that you pointed out the pro's cons, risk etc etc. And still at THEIR insistence not yours that it was their decision to go ahead. You did not make them do it.

    I once had the Situation that someone bought product from me, and on a whim no longer required it. They went to the Office of Fair Trading, who phoned me. The first thing I said was I don't want to know about it on the phone, send me a letter. That way I could have all the issues in writing and I could answer them accordingly point for point, rather than taking the standpoint of trying to justify myself without thought.

    Duly a letter came, and I answered every point, and concluded that if they wanted more information to contact me again. The whole thing went away.

    You see the first communication is intended to make you run scared and give in - its bully tactics, its its got u running.

    I suggest you face it straight on in the same way.

    Just my 2 cents

    Best wishes.

  11. #10
    Senior Member mezzy's Avatar
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    Quote Originally Posted by finida42
    This only came about due to the fact that we had to remortgage to clear the credit cards and loan that we took out for PIPS. Which has also meant that I have now had to go back to full time working rather than part-time to cover the new mortgage payments.

    Both our solicitor and accountant have advised similar action due to us not having received anything for our money and not being able to recoup this money any other way and also being liable for it on our accounts as we have no proof of what £3500+ was used for.
    Am I reading this correctly? The writer of the email had to return to full-time work because he remortgaged his house to pay a credit card/loan debt of approx. 3 500 pounds?
    When you are angry or frustrated, think: How will this affect my life in a few years time?

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