Thought about this a few times and with all the money from P**s being frozen all this time, once it's released there is no reason why it shouldn't have been accruing interest all this time. :0)
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Thought about this a few times and with all the money from P**s being frozen all this time, once it's released there is no reason why it shouldn't have been accruing interest all this time. :0)
The bank has frozen it - you don't really think they will add interest to the amount? They will surely keep it for themselves.
Are there Norwegian pips-members in this forum ?
jarlev
I dont see how The bank that conducted the investigation could have the authority to freeze ALL of PIPS money..........only what was in Malaysia. How could BNM have any authority over PIPS money outside Malaysia? Just my thoughts.....I could be wrong............but I agree with you Adster.
Was under the impression all money was in Malaysia less the gold in Australia.
Wasn't money frozen long before BN came on the scene?
You are right Style. Only money that was in local Bank was frozen and any in and out money activity.Quote:
Originally Posted by Style
Investment outside Malaysia was still under progress. Rol was not in action, since no database for keep it up to date.
We need to be some more patience. Everything would be clear later.
Newlife, are you saying that the only funds that were frozen were those in the Malaysian local bank?Quote:
Originally Posted by newlife
If so, what do you make of Bryan's answer to my question below?
8. Hesitatenot: Bryan,
You mentioned in one of your posts that all bank accounts were locked.
Does this mean that all of the PureInvestors Program bank accounts are locked, regardless of where those accounts may reside?
At the moment yes.
To add to this, one would assume that if his accounts and the servers etc are under the control of an outside agency, Bryan would not have access to them at all until the entire situation is put to rest.
This is a very good point Dana, and I have pondered on this long and hard.............I dont know the in's and out's here (wish I did) but I cant see how the BNM would have the authority to freeze money not located in their jurisdiction (to me that would be like Mastercard freezing my Visa Credit Card accounts, or like Paypal freezing my Stormpay account......I just dont see it happening)......unless it was all in Malaysia (which would be one of the WORST business decisions EVER made, SURELY Bryan wouldnt have had all of the money in Malaysia.)
So the pondering left me with several different scenarios of which I wont discuss here because I would be tracked down and shot!
But anyway.......I think you see my point, I just dont see how BNM could have frozen all of the money.
Hopefully we will get the answers to these questions before our grandchildren die of old age!:waiting: :waiting:
Quote:
Originally Posted by Hesitatenot
Style, my thought on it is that he had to present all his information (it would have been in the paperwork one would assume), when they took his records and therefore, I would think it would preclude him from having access to these items. I don't see how they would have control internationally but I do see how they would have control locally over everything...a simple telephone call to an international bank from the BNM to let them know that there was an ongoing investigation would have probably been enough to freeze accounts internationally, especially since the Patriot Act and all the garbage from that...Just my 2centavos..
Well......you have a good point.............I guess this would be possible.
Maybe some day we will know the answer to this and many more questions.
Quote:
Originally Posted by azmia
In the case of wellspring, accounts were frozen all over the world as Azmia pointed out.
I think banks cooperate with one another internationaly and Bryan has already stated that all funds are frozen.
You can be certain that Central Banks corporate with the corresponding central banks of each country...otherwise how could they control scams and chase the drug barons etc...??
You can be sure that the Fed in the US, the Bank of England in the UK, and all the other central banks have their network and are in daily contact with each other!!!
So let us be patient...Bryan will update us on our questions when this is finished and is in a position to do so!
spongebob
Well oldtimer if the bank plans to keep my money. I am talking about the section of money that dose belong to me by the way. Now if they where to do this. I could by possbile sue them.
The bank not Bryan.
Very good point Adster. I look forward to meting you someday.
BN going to have too give in sooner or latter. :)
Night all going to bed, yo.
Quote:
Originally Posted by oldtimer
Yes Jarle Im a norwegian...Somthing i can help you with??Quote:
Originally Posted by jarlev
sweet dreams roggerdude
if the funds were invested in something like forex, then it would have needed to have been traded and mangaged in order to earn interest right?
Money sitting there wouldn't be earning interest. wouldn't you agree?
ROL was running up til BNM took the servers. Let's be thankfull for that and when the investigation is over the money will be returned to pips. If our accounts have grown since then it will be a nice suprise, but don't count on it.