Thread: From Bank Negra

The least Bank Negara Malaysia does notice what is going on with members of pips in various forums into what they are all talking and quierying about of pips issues and their concerns of their own none responsive since September 2005.

It brings good sign to the end of the tunnel in seeing light soon !

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yes yes yes we wait wait wait.......good things come to those who wait.....

so I think waiting in not so bad......No news is good news.... so we wait

God bless us all Patseek

does anyone have an E mail address that BN will respond to?

Originally Posted by ne469

does anyone have an E mail address that BN will respond to?

NO!!!!!!!

Stay out of it!!!

Let the ones who NEED to speak for us, do that! No emails, phone calls, letters, smoke signals, NOTHING!!

IMHO!!!!!

jimmy

Hopefully even in the worst case scenario BN would take the remaining funds and distribute it to the members according to their investment amounts. Not that I wouldn't rather just have Pips back, but looking for something hopeful.

Hello.
Sorry , I don't post that often, but IMO I think this statement from the bank is actually good news, if it had been a scam etc I think the bank would have found this out months ago, when or how pips comes back, I have no idea but perhaps things are'nt that bad after all.

Tezza

Gimme a break... do these guys even know who, how or what they're investigating? I keep imagining these incompetant folks sitting around with a bunch of seized computer equipment in a back room collecting dust--with no clue of what to do with any of it.

I think it's all crap.

Originally Posted by trendy

Hello.
Sorry , I don't post that often, but IMO I think this statement from the bank is actually good news, if it had been a scam etc I think the bank would have found this out months ago, when or how pips comes back, I have no idea but perhaps things are'nt that bad after all.

Tezza

If thats the case then they would have easily found out months ago that its not a scam and yet here we still are.

Originally Posted by OICU812

If thats the case then they would have easily found out months ago that its not a scam and yet here we still are.

That’s right....

The Bank have to check out it is not a scam, Bank knows something went wrong with the pips administration operation because of complaints to them by pipsters people not being paid, hence the bank shut us down to investigate and needed to find out what is going on, - basically pipsters shut us down that didn’t trust Bryan to resolve the in house operation payment issues and there is no other reason. What that did was make the bank investigate and raise questions in all other areas of pips, picpay etc etc..... and the investigation of all these areas will take a long long time. It’s just the way it is.

Quote from BNM "received a number of inquiries regarding Pure Investor.Com Inc., PIPS Inc., and its related companies."

If you read their site you will see the bank have loads of other investigations going on that are years and years old from many different types of industries, MLM etc... , This is normal practice by a bank that believes something maybe going on that is not above board and that is taking money from people illegally. They have to investigate and be sure for their own banks/country ethics, that businesses are trading accordingly to the law of the land and bank community. Hence lots of dissatisfied pipsters calling bank, - now investigation.

Although it is frustrating that we find ourselves here today, the good news when this is all over, (I believe its sometime to go yet maybe year or two before pips is back on its feet) Pips will have a clean bill of health and will have the approval BNM for trade.

Originally Posted by OICU812

If thats the case then they would have easily found out months ago that its not a scam and yet here we still are.

Not right.
If they look and don't find anything wrong then they have to continue looking. But if something was wrong, they would find it rather quickly. The first sign of wrong doing. BAM! But since they are still looking, they have not found anything.