Thread: PIPS and Peraads . . . what next?

All the members of PeraAds have received that e-mail in which Pips is blamed for landing the programme with all of the setup costs of a Credit Union.

(Quote)-PeraAds had involvement with a company they were building a Credit Union for. Some of our funds went into this project. It turned out this was a front company for Pips. For those of you who don’t know Pips it was a company that took in a huge amount of money and failed. Pips had a plan to cover and hide some funds with this front company and Credit Union before they were stopped by the authorities. This left PeraAds holding the debt for the creation of this entity. They are slowly finding other programs to take over this project.(Unquote.)

PeraAds is a new Malaysian based company which claims to be contracted to a Financial Services Company of 14 years standing. (Not the same IMHO as trading in its own right for 14 years) It describes itself as a Malaysian and International Financial Powerhouse. It also describes itself as being an innovative Venture Capital Consultancy. Setting up a Credit Union would seem to fall within its normal range of business activities.

Now can someone explain to me why the cost of setting up a Credit Union for Pips (at most a few hundred thousand dollars if that) would bring to its knees a "Financial Powerhouse" to the point of being unable to meet its obligations to its members to pay commissions "for at least six months" ?

This feeble excuse must surely ring alarm bells among PeraAds members?

The choice of terminology of "covering" and "hiding funds" and "front companies" is presumably chosen to mislead people to believe that the business venture was in some way illegitimate. But is this not precisely what the offshore entities and Credit Unions are designed to achieve (legitimately)? And of course the Credit Union would have its own Banking Licence and facilities to issue its own debit/credit cards. Any bells being rung here?

Seems to me that PeraAds would have been jumping through hoops if they were indeed commissioned by Pips to carry out this project. Perhaps they should be honest enough to admit that the timing of the BN investigation has resulted in collateral damage for them rather than trying to blame Pips?

Perhaps the Bank Negara should be asked to find out what the real reasons are behind this failure to pay commissions, timed I might add just a few days before the early members would have been receiving thier first payments?

BTW I also feel that adding 2 and 2 together to make 5 and trying to associate Irish Billy and Tex Ball with this story is extremely irresponsible.

Just a couple of bobs worth as usual,

Michael

Very well put Michael.

Incognito it was not an insult but a fact.
Let me put that in understandable English language.
Before I come onto this forum to make a statement of fact, I check all relevent information I have in my possession, discarding anything I judge to be misleading or fictional. As a newspaper man yourself, you should be in the same mindframe, but no, sensationalism is your game. The more absurd the statement is only geared to agitate as many people as possible.
Reasoning then, seems to be missing in your makeup and I would assume your editor keeps you well away from any sports events, since assasination of character does not bode too well with sports fans.
I ,ve known Tom for 5 years, from Dynamics4success days since I dealt with all three owners regular, and that statement has not come from the company but is just another attempt to discredit one more internet based company and another attack on the PIPs business.
Please try to get some facts correct, if only on one occassion, then you may earn something called respect.
Take care and have a good day
paddy

Very well put Michael. Again as there have been so many warnings, please make sure that the information you are receiving is fact based. How many more groups, clubs, functions and individuals are going to pass on the blame for their own failure.

There is a movement on the horizon to discredit and cause more distrust among those who are PIPS members.

Those who take such great delight in this task, should not even be given the time for a response.

When speaking of proof, you might want to perhaps secure something more tangible than an electronic communication which can be altered and compromised.

Perhaps the winds are changing and the reporters are seeing that all is not what they had reported, and are needing additional smoke screens.

Originally Posted by Pippyman

Understood... BUT why even bring it up? People here have a problem with IB and T for unfounded reasons. I dont understand it as they were/are BIG supporters of BM (Pips) the time Pips was running. Oh well....... I guess everyone loves a conspiracy.....

You are right "they were", but not now and little a while after Pips was stoped by BN.

I was member there and when I saw what these guys are after and way they think, I re-associate myself from anything of BTI ( formerly PipsUSA).

Too many fishy things happened.

Incognito is old troll and he is coming back every once a while. Just ignore him. Period.

Originally Posted by newlife

You are right "they were", but not now and little a while after Pips was stoped by BN.

I was member there and when I saw what these guys are after and way they think, I re-associate myself from anything of BTI ( formerly PipsUSA).

Too many fishy things happened.

You also need to get your facts straight. I have been there every since the beginning and read all the updates that Billy posted. I saw what Tex wrote AFTER he personally went to visit Bryan in Malaysian right BEFORE Pips was shut down. Of course you wont tell people about Texs' report when he got back. Because you either dont know or you dont want people to know what he found. The general people in the BTI forums DO NOT reflect upon what Irish Billy or Tex feel about Bryan or Pips. And some of the things that were said were warranted. The truth will come out eventually wont it?

Originally Posted by newlife

Incognito is old troll and he is coming back every once a while. Just ignore him. Period.

Actually the last time I saw Icognito around was when I was able to withdraw money from PIPS, so I look upon his reappearance as a good Omen, LOL

I have no idea if the email has any truth in it or not, however, it came from a source that has frequently emailed about pera-ads. It states exactly what was said by Incognito.....however, I have reservations about the truth of the information. Seems PIPS continues to take hits for failures that they had nothing to do with.

Personaly I am sick of how this continues to drag out........and will also state that the CU that is mentioned is not related to BTI.

I think IB and Tex have also been treated unfairly given the amount of support that they both showed towards Bryan and the entire PIPS Company. Once the investigation began, they like so many had no choice but to move forward with other things.

PB

Sorry Pippyman and Pipsbeliever, I have to agree with Newlife here. Tex and IB are not on the side of Bryan and Pips.

The truth will come out.

Shades on!