Thread: A Humble Request (Merged)

ArcturusI, please show me (privately) your proof that PIPS is not a scam and I will (privately) show you that it is! What?? Oh, really?? That's what I thought.

LOL. My point exactly, 1nfinity. However......what is known by some of us IS true and is not simply conjecture, accusation and abuse. To better answer you, I am not in the business of selling bullets to someone who will use them to shoot at me. All in good time. If you will be patient, we will finish this and then we can be done and out of your hair. As has already been said, some won't accept anything other than what they believe to be true, so it makes this much harder.

Thank you Goldie. What are some of the other reasons (anyone?). We need to place all the 'possibilities' out on the table, and then remove what we don't know.........

Arcturus

PS: I can cite one "fact" (among several) that shows this is not a scam. It has already been mentioned in this thread. Can you find it? (Actually, there are more than one, but you need to be as clever as you think you are to notice) You can cite none to prove it isn't. Lack of payment isn't proof, no matter how you wish to justify it so. But I won't be doing it today, so you should probably work up some "facts" to support your scam argument. Once we get to August, I WILL be asking..........

Thank you Greeneyes and Denim :)
Welcome to the "dig"
Be careful, there are still lots of sharp stones about.
Acturus, I thought you had been kidnapped ;)
What was the big holdup in Jan 2005?
Will have to ponder on that one.
We know Speedy was working but may have had a temp hold.
Wires were trickling thro at a very slow pace.
Cheques, was there some problem with Malayan Bank cheques not recognised elsewhere, seems to strike a chord.
What else...processing banks..did they cause problems?
Yep I recognise the huge jump in withdrawal requests.
Give up, a clue please :0))
Paddy

I believe they were also still "backtracking" on accounts to ensure they weren't fraudulent. Certainly had to put a strain on the system even more.

They were also working on bringing more banks on to handle the increase in withdrawals (but I think someone had lead in their shoes....sorry, that was IMHO).

Interesting,

So we are looking for other reasons for non payment. OK, we know EON was always used as this was the way I got my first test withdrawal back before PIPS started, and the certified check came via CitiBank NY with reference to EON on it.

OK, so when HSBC dropped PIPS officially calling it a boiler room which is a nice way to they PIPS was a suspected scam, without saying it. (g) I got this tidbit directly from head of security at fraud office in NYC, so when Bryan stated HSBC suspended account, and temporarily froze accounts, this was true. HSBC was already being investigated for money laundering, so they were being extremely careful.

OK, so no more HSBC, and the backlog mounted to a point that no matter how many banks were able to handle withdrawals, there was no way to catch up. EON did a few more, and then the Dutch bank in Curacao was announced, and that one vanished in days, with no explanation that I ever heard, so that left only the Speedy Wallet debacle, and since it was not funded for months, everyone's accounts were in the negative, and most were cancelled as I recall.

The funding issue was never answered, so I don't know if anyone knew the reason it was not being funded or not. This is still a mystery since some were being paid via Speedy Wallet up until end of 2004. Gary was suppose to be working on another payment portal in addition to Speedy Wallet being renegotiated, and flew to WA as I recall, but nothing more was stated on that deal, so who knows. What was it, VAT? The point that sticks out is that contract was on Bryan's desk and it was never signed, nor was a reason given other than vague reference to fees being too high or some nonsense. I would have eaten 50% fees by that point just have gotten withdrawals. (g)

Good luck to all, Mike

OK, I am sure someone will fill in the dateline, but this was as early 2005 as I can recall from memory. This all led up to convention, so I can only assume it was all to appease members who were already booked, after all, if we were not going to see Speedy Wallet deal done,

You are correct. Recall that the "chargeback" issue was coming to light, and there were also issues with verifications. Now, I am not saying that all was fine and right with the world. There were serious issues and problems, here. The fact that we were not immediately privy to the scope is open to debate, but is not the point here. Despite assurances to the contrary, it got worse, rather than better.

[Thank you Mike for your input. Recall in the early days that HSBC was a mystery, and later held up as proof that Pips was a money laundering company, and they really had all the money, etc. etc. I know you have stated it before, but nice to reinvite members to actual events and verifiable statements]

Anyone remember when the "Cambodian Bank" was supposed to be up? This is not a "bash Bryan" portion of our program, we are presenting what happened. Can anyone tell us when the Merchants were first being paid and when that program, too, saw 'delays'?

We are getting, there, folks. Ignore the nonconstructive talk for now. We can get through this.

Paddy: Busy weekend. Lots going on.

Arcturus

HHHMMMMMM...........

There was mention of the Cambodian bank, in fact, it was announced that license was approved in January as I recall, and again confirmed at the convention, but nothing ever came of that either, not a peep on it right up until seizure. Seems there was a black hole from March to August with little in no new information given.

As to merchants being paid, I recall that distinctly as Bryan was saying it was rubbish that merchants had not been paid, so I do believe he was not aware of what was going on in operation, maybe he was just too far removed with his world tour promoting PIPS? I know I was never paid, and everyone I knew who were merchants also were not paid, so something smelled at that point.

Sorry, but if Bryan had everything in his head, his head should have been in home office or negotiating with banks and payment portals, not on a world tour in my opinion. Not casting blame, just a business observation, especially when he had obvious problems of not knowing what was going on about merchant payments. So where was the money going? Again, I do believe he was surprised as he was blasting us on forum for saying we had not been paid, and only an ***** would do this if he knew that we were not paid.

Good luck to all, Mike

Now let me see … This is WAY back …

January 2005

Speedy Wallet and Debits cards
Trolls ramped on the forum.
Lots of PicPay server problems.
Selling of PicPay made a business of it. PicPay for Cash . By members or so I think they were members …

BELOW is a Note from PicPay .. This below to me looks like PicPay was trying to STOP the flow of selling of PicPay for Cash.


DEAR ALL PICPAY AND PIPS MEMBERS ,


We have cancelled all the transaction made from PIPS to PICPAY or PICPAY to PIPS between 31/1/2005 till 5/2/2005.


For any withdrawal from PIPS to PICPAY which has been cancelled, we have reversed back the funds to your PIPS account. However, for the sign up or buy units transaction which also has been cancelled, the funds are now available in your PICPAY account. Since PIPS is now under maintenance, you have to wait until the system is back to the normal for you to resubmit a new request.

We are very sorry for the inconvenience and thank you in advance for your patience and understanding

http://forum.pipsinc.com/phpBB2/viewtopic.php?t=33247 ** This was the link to this notice *


Now This is all I can remember for now on January unless this is something that pops out … You know ..sleep on it …

goldeneye

Thanks, again, Mike. I never said this would be nice and pretty and all roses....... Yes, some stumbles along the way. I do recall several telling me that BM was quite surprised when he learned of the merchant issues...... And, right about this time (prior to the Hawaii convention), didn't we start having server problems???? I seem to recall a crash soon after, a fire...... No pointing of fingers. Just is. The big questions now is "Who knew what, when, and who was filling in BM while he was travelling?" It would seem that he must have been hearing something. I wish I knew what and from whom, but that isn't for me to say.

See you all tomorrow

Arcturus

something is starting to eat at me here......

the pools for the 3% fund....

which were never! condoned by BM....

the strict rules were set out in Las Vegas.....NO POOLING OF FUNDS....funds had to verify as clean...and a person had to travel to sign for those funds....

okay....

both Dean and Patty have mentioned some things that have stuck with me...

Dean at the meeting of one of pooled funds at the convention....and the change in venue of the fund away from the "mothership"...

and Patty ....with email whispers from Jack...that were only made privy to some...but Not all....

Some of these funds were put into PIPS accounts if I remember correctly...to earn while they waited for the launch...

So if all of a sudden these funds were being diverted away from the "mothership"...that would be happening right about now.....

wouldn't it....????