Thread: Investing in Pips with Picpay dollar??

Hi!
I just wounder if it does matter if you invested to your Pips account with ("clean") Picpay Money, through another member or if you did the investment via VISA for example...
Bryan said "you will not begin from scratch" but I really hope investments with another member's Picpay dollar is counted as much as if I invested with a Visa card.. I think a lot of members have joined Pips "through other members" and if Picpay dollar isn't guilty, that would be a dissaster for a lot of people... Members who had reffered friends and Family members through their Picpay would feel terrible if those didn't get a cent back just for using wrong payment method... just wounderings!

Regards // Milkshake

If picpay is nopt clean then sorry but if picpay is clean then I don't see a reason for BM not to honore it.

Originally Posted by mrlover

If picpay is nopt clean then sorry but if picpay is clean then I don't see a reason for BM not to honore it.

Ditto...Most people who got in through other people's PicPay probably already know whether or not it was a legit account. Those going through strangers/merchants probably have a lot to worry about.

Today I hate me for accepting donations from people I didn't really know - My PicPay was never verified, my request for verification was denied and my merchant order was still on "pending" when PicPay went down...
An automatic verification was promised some time one year ago...
I really like PIPS and believe in Bryan but an online payment system shouldn't have the problem that there is money circulating around that is not clean :(

Many people exchanged with Tom,Dick and Harry and got fraudulent picpay.They opened accounts and were not aware of any problems until they tried to withdraw funds.

My concern is that many people never withdrew and have yet to find out if thier accounts are actually legitimate or not.

I presume an audit by BNM will including tracking individual accounts in order to establish a true total withdrawal figure.This could take a very long time.

Cant help but wonder, how a new recontructed pips is underway when it cannot possibly include our old monetary details since BN have all the servers.
Hope BNM get a move on!

Originally Posted by Dreamer

Cant help but wonder, how a new recontructed pips is underway when it cannot possibly include our old monetary details since BN have all the servers.
Hope BNM get a move on!

I feel confident that Bryan has a solution worked up...Let's just wait and see.

Well I see no choice but for Bryan to honor Picpay exchanges (as long as it was clean Picpay)
I mean what in the world would that say if he said he wasnt honoring Picpay exchanges.....it would be the same as Bryan saying "Picpay wasnt real" which would translate into the "S" word and we know that isnt the case......so as long as the Picpay was clean....of course he will HAVE to honor it!

This is the way I see it.

There is one thing that seems to be very complex:
What happens with PIPS Investments that were partially financed with fraudulent PicPay and partially with clean PicPay (or started with clean PicPay and added funds with fraudulent PicPay later). What happens with the invested money/PIPS account? What happens with the ROL/returns?
It is not possible to just take all money and to withhold it because part of it was real money and some time payed into the system. But part of it was never real money and has never been payed into the system. There can't be any returns from the fraudulent PicPay but of course there are returns from the clean PicPay... Is it possible to seperate them at the end and transfer only the real money and returns on the real money to the new system?

Difficult situation... nobody wants to loose his money but of course Bryan can't pay money that has never existed and least ROL on money that has never existed...

Originally Posted by Style

Well I see no choice but for Bryan to honor Picpay exchanges (as long as it was clean Picpay)
I mean what in the world would that say if he said he wasnt honoring Picpay exchanges.....it would be the same as Bryan saying "Picpay wasnt real" which would translate into the "S" word and we know that isnt the case......so as long as the Picpay was clean....of course he will HAVE to honor it!

This is the way I see it.

Me to style.

My earlier point however was that since BNM have the servers, Bryan has no knowledge of individual accounts to add to the new website.

Could have back ups I suppose..........

I came into pips through someone else's picpay account. There were a lot of other people joining through these people as well. Now the people who signed me up are in big trouble. Their home has been raided and computer equipment taken. Apparently they took in huge sums of money. I picked up a local paper last week and they were splashed in the headline. I believe in pips with all my heart and I am sure it will rise again. I am worried about my account. I sure hope that someone else's greed and dishonesty doesn't cause me to lose my account.