Thread: Swedish Embassy Speech!!!

Interesting,

Here we are debating over what Picpay was or was not, and it means little, for BN can call it whatever they want. Where all the problems began, in my evaluation, was when Bryan tried to circumvent laws in Malaysia which were preventing Malaysians from participating in PIPS program from start. The moment he went and supposedly registered in Panama to allow Malaysians to invest, it was all over.

You just don't get away with back door approach to get around local laws, even if it appeared like a legal loophole, it means little if gov. felt it was done to circumvent laws. Was it worth it to open program up to Malaysians? How many joined, and then again, how many complained locally when withdrawals stopped. Sounds like the kiss of death to burn locals in my opinion. I am sure BN is calling Picpay a bank, that is obvious how it will go down as I see it.

Good luck to all, Mike

Originally Posted by Thelema

You're not wrong RR. Picpay was a simple payment processor and nothing more, just as GreenZap, etc. This banter is but another phantasm of fear-based illogic, intimating that Bryan and Sharon are going to get irreparably damaged by "something" in the investigation and us with them, i.e., they've got be charged and convicted with something and that something's going to close all chances of us getting our money. Like we've all seen, most of this garbage comes from fear-mongers from other forums such as Talkgold, etc. and does no good to entertain nor respond to. But, as many members discover over and over, there seems to be no end to this line of communication charge-counter-charge, positive paired with a negative cycle. We simply are in no position to do anything about all this, and Bryan will not respond to promptings to respond no matter how accusative, threatening or horrible a one that someone can make that he or she may think will do the trick. Bryan simply doesn't "have" to respond, not yet at least. Circumstances will dictate his willingness to respond and present himself, and what those circumstances are, as yet, we don't know and it doesn't do any good to act like we know. This forum will eventually get to the event-oriented state that Billy's BTI forum is in, which isn't bad by no means; rather, it is a state that focuses less on fear-based phantasms of misplaced aggression and fear to one more tuned to alternative avenues for making money. Grinding the same old "who's to blame and ain't that a *****" arguments as is typical of this forum leads to nothing more than an admixture of senseless sarcasm and hurt feelings. I say, Bryan, when your ass is ready to respond and you've got something good to say, then there will be plenty of ears waiting to hear it; otherwise, I see Byran's problems as Bryan's problems, and I will not let him or anyone else interfere with my peace of mind and personal reponsibilities to my own life and loved ones.

Yo,

Thelema

Thelema!

I like your thoughts and approach!

We can agree or disagree as much as we like!...love or hate PIPS, but it is finally Bryan's option to decide when, what and how to inform and talk to the members.
Yes I agree, he most likely has a reason to do so, and
again we can only speculate,....and that is what PIPS members are experts in doing!...speculations!
I have said it before, there should be a noble price in speculation, and I am sure that PIPS members would be nominated!

Let Bryan come forward and talk to us when he is ready!

hine

Right ON Thelema!!!

Peace,

Larry

Very nicely stated Thelema.

1) Bryan had attorneys that advised him prior to BoN investigation on national and international law concerning anything that had to do with any program that Bryan did start and/or considered starting.
2) Even if Bryan has been told not to communicate with members - that does NOT mean that he has been charged, will be charged, or is being considered having done anything wrong.
3) PicPay was a payment venue like e-gold, paypal, stormpay, etc. We were told it was a payment venue only, not a bank. I am sure the attorneys were completely aware of and had input on how PicPay was structured.
4) The situation with PicPay became a problem when BANKS would not honor wire transfer/check requests even when sufficient money was sitting in the account that would have covered all wires/checks requested. The excuse by the BANKS were that there were more wires/checks than their personnel could handle. I do not know how they handled other big business accounts, but to me this was just an excuse - the BANKS could have hired more help, just refused to do so. The BANKS were getting paid for each wire/check like any other business account through any payment venue.
5) Bryan knows people at the top of Malaysian government. He has worked with many influential people.
6) I will go back to just reading the forum and wait for Bryan's input when it comes.

May God Bless you Always.

Originally Posted by 4faith

4) The situation with PicPay became a problem when BANKS would not honor wire transfer/check requests even when sufficient money was sitting in the account that would have covered all wires/checks requested. The excuse by the BANKS were that there were more wires/checks than their personnel could handle. I do not know how they handled other big business accounts, but to me this was just an excuse - the BANKS could have hired more help, just refused to do so. The BANKS were getting paid for each wire/check like any other business account through any payment venue.

Well we do not know if there were sufficient amounts of money to cover all the withdrawal request. And we were told by Gary N. what the banks were supposedly saying. But was that really the truth? There are many banks who can do thousands of wire transfers per day if it is set up right and automated.



.

what about VAT? They wanted to do business with Pips.... but why didn`t it happen? Because their fees were too high
I`m not so sure anymore


Quote:
Originally Posted by 4faith
4) The situation with PicPay became a problem when BANKS would not honor wire transfer/check requests even when sufficient money was sitting in the account that would have covered all wires/checks requested. The excuse by the BANKS were that there were more wires/checks than their personnel could handle. I do not know how they handled other big business accounts, but to me this was just an excuse - the BANKS could have hired more help, just refused to do so. The BANKS were getting paid for each wire/check like any other business account through any payment venue.

I thought that PIPS could not get a banking license in Malaysia, and finally had to get one in Cambodia -- Picpay was not operating as a bank, thre was no checks written directly from Picpay and money out went through a bank -- this is what was so wrong with many people reporting their Picpay account to the Government as a foreign account, it was not --it was just a payment processor--guess BNM has to determine this from the actions performed during the life of Picpay to see if any laws were broken.

As people already said - if the maylaysian court thinks picpay was a bank it was a bank... I hope they will judge it as an processor but I don't know anything about malaysian law so I can say nothing. We can only wait and see...

The thing I wonder about is how BN can frezze all asets of a company that is registrated in Panama (like pips)? Picpay I can understand because that was an malaysian company but Pips? Seems weird to me!

And if pips was registrated and legal in panama why not put up the business there again - I mean BN cant forbid an foregin company to do anything in a foregin land right?

Originally Posted by seigan

As people already said - if the maylaysian court thinks picpay was a bank it was a bank... I hope they will judge it as an processor but I don't know anything about malaysian law so I can say nothing. We can only wait and see...

The thing I wonder about is how BN can frezze all asets of a company that is registrated in Panama (like pips)? Picpay I can understand because that was an malaysian company but Pips? Seems weird to me!

And if pips was registrated and legal in panama why not put up the business there again - I mean BN cant forbid an foregin company to do anything in a foregin land right?

They can. Doesnt matter if a company is offshore. If the Panamanian authorities are working with Malaysian authorities then they can obtain all records and freeze company assets and bank acccounts.