Thread: Swedish Embassy Speech!!!

ha ha

Originally Posted by whatever

Wow, in the last 2 weeks Bryan has gone to India to fix the programming problems and now he's opening a bank in Malaysia? Is he also the opening act at the halftime show for the Superbowl?

Maybe Rodney Dangerfield?

I'm here all week....thanks for coming

Originally Posted by OICU812

Picpay might have been conceived as a payment processor but if the people who set it up didnt follow the banking laws of Malaysia, it may very well be a bank under there law.

And if it is judged as a bank, how many years do you think he will get for that? And will they take all the money we have in PicPay? Is it theirs to take?

Originally Posted by OICU812

Picpay might have been conceived as a payment processor but if the people who set it up didnt follow the banking laws of Malaysia, it may very well be a bank under there law.

Exactly,

If Malaysian laws are anything like US laws, then BN can call Picpay anything they want, if bank fits, so be it, it is up to Bryan to prove otherwise, which is impossible when they have all your assets frozen. If you cannot even afford legal council, which is usually the case, they squeeze you out of business by default, it is cheaper and much faster that way whether you are proven guilty or not, makes no difference, business and assets are all used up by government who fund investigation on OUR loans.

Good luck to all, Mike

Originally Posted by Shell

And if it is judged as a bank, how many years do you think he will get for that? And will they take all the money we have in PicPay? Is it theirs to take?

If all this is true what happens to our picpay funds will be the 64,000 dollar
question.

Hi.

If I remember correctly, during the PIPS Heydays, PICPAY was always described as a Payment Gateway, NOT a Bank.

Cheers.
******

Hey wasn't it Pink Floyd skating on thin ice ? Then again i think i saw that
movie a few to many times. Nothing affects me so much any more.

Originally Posted by OICU812

Picpay might have been conceived as a payment processor but if the people who set it up didnt follow the banking laws of Malaysia, it may very well be a bank under there law.

I would like to add to the above that picpay took deposits.Bryan always maintained money in picpay was good as cash and backed by gold.

So in one sense it was a processor, but as OICU812 says, it may well be a bank under Malaysian law because it processed actual cash and took deposits.

Wish it still was

I would like to add to the above that picpay took deposits.Bryan always maintained money in picpay was good as cash and backed by gold.

So in one sense it was a processor, but as OICU812 says, it may well be a bank under Malaysian law because it processed actual cash and took deposits.

Wish it still was

Exactly as GreenZap, Neteller, PayPal and other similiar PAYMENT PROSESSORS ;) They're still just Payment Prosessors and not banks! Or am I wrong?

have a nice day!

RR

Originally Posted by RoadRage

Exactly as GreenZap, Neteller, PayPal and other similiar PAYMENT PROSESSORS ;) They're still just Payment Prosessors and not banks! Or am I wrong?

have a nice day!

RR

hi RoadRage!

I guess we can only speculate,...but it is BoN that has the final saying. I dont think they will listen to us for that matter, unfortunately!....

hine