I thought Bryan was the only one who could start a thread in this forum?
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I thought Bryan was the only one who could start a thread in this forum?
Agreed - I thought that too - I hear alarm bells that either security is breeched, or the forum is not set up properly. Either way anyone who starts anything here who is not Bryan should have been shot at birth.Quote:
Originally Posted by bbhawk
To preserve the integrity, of this section, my own feeling is that this thread should be deleted. I know when Bryan has posted when the number of posts changes. I don't want to have to wade knee deep in crap to search for Bryan's posts.
PLEASE MOVE THIS THREAD. THIS SECTION IS FOR BRYAN MARSDEN ONLY!!!!!
Thread moved.
Marek
Hi all
Must have happened when I merged the two threads together. Part of the posts I merged into this thread was in Bryans forum. The result of this was that this thread jumped from The programs forum into Bryans forum.
I just realised that now when I checked in again, but did not expect it to happen when I merged the threads. I will be more careful and doublechek next time I merge threads, because now I know something like this might happen. We learn all the time, don't we?.......:blush:
Shell
GrahamB wrote:
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I just hope that Bryan, for all his evident isolation, has taken on board this important lesson. His ineffective management of the money flow has created a lot of powerful enemies who would dearly love to pull him down regardless of whether or not he has the capability of making the investment program sing!
The solution does not, initially, lie in high tech programs, super new Banking contacts, or any such. It lies in the simple expedience of internally produced cheques, such as are used by businesses, governments etc all around the world, by the millions, each day.
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What EVIDENCE do you have for these accusations against BM?
If you DON'T have any VALID and CONCRETE evidence...I suggest that you contact a lawyer real fast...There COULD be people out there who maybe consider to take YOU to court for FALSE accusations...
And about your "knowledge" of the payment systems "All Over The World"...
In the NORDIC Countries it will take between 2-4 month to get an International Business Cheque cleared....and with a HUGE FEE...
So much for your "knowledge"... :yak:
I STRONGLY suggest that you PRESENT your Hard Evidence here for us to read....If You CAN'T....get yourself a lawyer... :fryingpan
Just MY OWN Thought
:cool: Largo :wink:
Thanks that is the way i saw it also. the 4 people i put in knew the smaething i knew when i invested. they just didnt want to go through the hassle and wire it inQuote:
Originally Posted by Style
Largo give it a break.... :rolleyes: I am sure Graham knows much more than you do about financial institutions and how they work. At least he ought to because he runs his own financial instituion......Quote:
Originally Posted by Largo
So Pippyman...because one runs an own Financial Institution one knows EVERYTHING regarding transactions and the moving of money all over the world?Quote:
Originally Posted by Pippyman
Obviously NOT as he had NO IDEA about European Banks hesitations regarding Cheques...
But MORE to the POINT of my message....
Do you think it's OK to accuse BM in the way he does...?
Just Curious what YOU think regarding this...
Regards,
:cool: Largo :wink:
With that in mind I take back my outburst - apologies. (Nothing to blush about Shell. [But I am]) Take care have a nice day
Quote:
Originally Posted by Admin
Quote:
Originally Posted by Largo
I have to agree Largo,
I would not touch a cheque withdrawal ever! It would take me up to 3 months to chase my bank manager for international clearance!
And the worst part that i found about cheques if something went wrong when clearing, then the banks involved had all the right to re-debit your account...even after clearing it!
A wire is fast and final!
That is the only way I will want my withdrawals.... thank you!
spongebob
Largo, There is not a court in the world that would accept that the evident failings in PIPS/PICPAY did not fall at the feet of the CEO. Unless my information is incorrect, that is Bryan!
So do not be an ***** all your life!!!!
Regarding cheques, even Bank Cheques take about a month to clear if they are from an International (that is, not YOUR local country), so the Bank Cheques we received from Malaysia took (roughly) a month to clear. If your bank takes 3 months then my advice is - change your bank! And if they reverse them after they have been cleared (which is different from reversing them out of 'non-available' funds in your account because the cheque did not clear) then the same piece of sagacious wisdom applies!
But the real, intelligent, and perhaps though-provoking question is: Would you rather have to take an extended time to clear the funds, or not get paid at all?
I am not suggesting that we ask Bryan to revert to 'company' cheques and give up on other means entirely. Rather I suggest that if he is not prepared to revert to e-gold or e-bullion (which personally worked fine for me earlier, thanks to LondonGoldExchange.com, who then promptly and cheaply sent me a bank draft), then it would be better by far to receive ordinary cheques until such time as the evident bugs in the interface between PIPS/PicPay and the Banking World in general are sorted out!
After all, I have waited over ten months for funds withdrawn in January to arrive! Three months to clear the cheque sounds bloody quick to me!
Regards
Graham B
So where is the evidence of your accusations?Quote:
Originally Posted by GrahamB
Largo
Quote:
Originally Posted by GrahamB
Graham,
Why are you peddling your cheques as the way out!
Anybody who followed the events know very well that the problems of the last 10 months or so are due to the regulatory authorities controlling banks efforts to pay and so banks had to drop pips accounts etcc...
So why do you think that if the regulatory authorities refused to allow payments to be made by wire... they would allow pips to issue Company or banker's cheques???
Of course no!
That is the reason we have reached the investigation on pips/picpay... If they get cleared then banks would welcome back the business of Bryan...And then surely the way out would be for a mass-payment processor similar to VAT that would pay everyone by wires...would be the way out...
NOT CHEQUES...for goodness sakes...
All the best
spongebob
I also really don't understand why you keep hammering on the checks method, GrahamB.
Nothing, really nothing shows us that it would have helped in the withdrawal system situation we found ourselves in previously.
You mention "revert back to company checks"
That never was so you cannot revert back to it. It also will never be because they simply aren't available in the country Pips is working from.
You either are playing ignorant of the financial systems set up outside of your own country or you are.
You stating that Largo needs to change banks is really weird. There simply is not a bank in most EU countries that would do it different.
Why? well simply because checks are part of a world that is far behind us.
The security mechanisms surrounding checks are time consuming and banks over here simply are not organised anymore to cope with them.
Hello, this is the 21st century. Transfers go through cyberspace instead of by sneaker-pace (at least in our part of the world).
GrahamB
A true story that came to my knowledge!
A person in the nordic countries received a cheque!....he went to the bank and the bank hesitated to honor him the money. The amount was significant, and the bank told this guy that he would have to wait a few days. The next day the police came to his house and arrested him!
The cheque was false, and this poor guy had to spend a night in jail until he was released the next day. Much later he learned that the cheque was false and the whole operation behind this cheque was a fraud.
BTW, I have not used or seen a check in approx. 10 years.
What centery are you living in?
hine
What will happen to this type of claim like the one in NC when pips comes back and starts paying again? will the people who filed the claim simply drop it? or I suppose the couple who took their money could pay them back and buy out their account?
There may be situations out there where people asked others for exchanges and it was not a case of marketing. What happens then?
Hopefully pips will be back very soon and all of this can be resolved.
B
I hope that either way the people that filed the claims lose their PIPS accounts.Quote:
Originally Posted by barbarajean
They do NOT deserve to be a part of the PIPS family. (IMHO):cheers:
Hi B,Quote:
Originally Posted by barbarajean
Good question, and sadly, it may be a tough one to answer until we have all the facts on how much everyone will be paid and when they will be paid. Certainly, the individuals who took money from people are going to have to fight the battle alone, so PIPS is not involeved, the individual is.
Remember, it takes nothing more than being accused to drag a person into legal system to prove otherwise, and sadly, these people to not have a leg to stand on as they evidently were caught promoting what was perceived as an unregistered investment, so how would they answer charge? Oh, I didn't know, gee wiz, I only gave them what they wanted, or I opened account for them, etc. etc, either way, they are going to be held responsible and will have to pay people back.
If and when PIPS or whatever it will be called returns, then they will have hope that they will be able to afford to pay those people back. If they are forced to before PIPS is back, as in court order, well, if I was them, I would want to make sure that those accounts are transferred to those who paid for it. It could become a very sticky situation either way. If people withdraw their charges, it does not erase fact that unregistered securities were being promoted by this person, so they may end up with fine or jail regardless, never mind ordered to pay back people.
All we can do is hope they can refund people and the sentence may be lighter rather than going through trial process, which will cost even more, never mind the seizure of their assets and criminal record issues. Hope they can get through it, I know it must be real stressful for those involved, so we shall see.
Good luck to all, Mike
Mike;Quote:
Originally Posted by Offshore-Wealth.com
What unregistered securities? As far as I can remember we "loan" PIPS money and they pay us back interest on the loan. What "unregistered securities" were promoted? :new:
Cigarman. Well said....... but I'll make one addition with reference to all the dumb pipsters and their negative comments - "SHUT UP AND WAIT."
That's absolutely correct, Mike. That's why we all need to remain quiet and give the Marsdens time to do what they need to do.
This is exactly what happened to me and my wife. The individual knew that pips was not paying and coerce us into giving him a large amount of money to invest into pips saying all ugh long that we would get our money back easy in six months. The reason he did this was so he would get back his losses and then some. I personally know people were sending him large sums of money from all over the country. GATOR
GREED!!! is the root cause...these people wouldn't mind hurting other people as long as they can get what they want.Quote:
Originally Posted by gator
Quote:
Originally Posted by pieapple
These are Definitely NOT the kind of people that belong in PIPS !
Just my own two cents, if you represented pips in an honest staight forward manner and told people the truth about where there money was going you have nothing to worry about. We all new about the withdrawal problems,but as far as we knew things were going to be straightened out, it just never happened. People investing should know theres always a risk and that nothing is a sure thing.
If you were missrepresenting pips then that is something else. Most of the reports I've seen are so full of misinformation its just senseless to even read them. What really ticks me off is how these people can get away of making such claims against pips when they have not a clue what pips is all about.
I truly hope this all turns out for the better so we can go after these people that have it coming. I for one would be more than happy to contribute.
kilowatt
Greetings,Quote:
Originally Posted by Style
In the US, loans are now classified as securities, and besides that, we all new it was originally an investment, so changing the lingo to loans will not make any difference to SEC, just read their web site to learn more on how the injustice system works here in US. Remember, these people charged are in US, so anyone who collects money for a loan, investment, whatever you call it, will be charged as violating SEC rules and regulations. With regards to DBR situation, the reason they got hammered was because they were licenced insurance broker or agent, and they too got hammered by another division of the injustice system in US which is just as powerful at seizing assets first, asking questions second.
Good luck to all, Mike
kilowatt, Now that's a BRIGHT idea. :beer: 3 south of Sliver Minnow :woohoo:Quote:
Originally Posted by kilowatt