Thread: Our Date With BNM Next Week

Originally Posted by Hasse

Carlton,
I hope you don't mind me saying, but I think you're wrong here.
I know another fact: there are cases where after an investigation and eventual court case, people turn out to be innocent - I guess some other members can give you a few examples if you'ld like to. Further, you simplify things here. There's no just 'Pips' being legitimate or not. Pips has several parts (companies, people, activities,...) and if in one of these parts one or more regulations and/or laws weren't respected, this is an entire different perspective than just 'If Pips had been legitimate'. Had the company this... had the company that... If... if... if...
What you say in this very sentence may be right on itself but is to me no valid argument in this discussion but just yet another simplification. If you look at the length of (and what has been gathered in) the humble thread, things are much more complicated (!) and (again) this has little to do with facing facts.

I think for many around here it is just too big an effort to gather information and knowledge and properly balance all elements, from facts to rumours and what you can do about them... certainly when apparently this case isn't as simple as one had expected... They just vent their thoughts and feelings. Although this kind of simplified thinking and writing doesn't bring anyone any further, I understand that... but please don't talk about 'facing facts' then... as this starts to sound like a pretty empty statement after a while.

Hasse

Hasse very good input and common sense. I like your answer.

Thank you for contributing with very intelligent statement.

Originally Posted by bultn

So you are saying that if Pips is cleared by the investigation, BNM can just say: "Yes, you were legit but unfortunately we have used all your money to find this out".

No, only if it is sent to procecutors office, then they take all investigation costs off the top, in other words, first, before creditors and what is left is usually divided equally amoung creditors, or us in this case.

Good luck to all, Mike

The bank cannot just take money. Such things are decided by a court, not a bank, not even a central bank.

peterben

Originally Posted by peterben

The bank cannot just take money. Such things are decided by a court, not a bank, not even a central bank.

peterben

Correct and again...BN is simply doing its part of their discipline serving their office i.e., Investigate all there is to it and leave the rest to be decided by the State PP.

I hope this clarifies many mind boggled and weary queries completely oblivion as to what is addressed and with whom and on WHAT....sigh!


Thanks Peter.

btw, don't send yr money to them (BN) either for processing into E-currency...hehe. I hope you succeeded somehow with either of the two I tipped you.

aaaaaaaaaaaahhhhhhhhhhhhhhhhhhh

Guys,

Please Stay Cool with the situation that we are in now!
Stay Cool...and everything will be just Fine!

You do not need to operate illegally or have anything wrong and still can be investigated. In fact many suits are based on: prejudice, greed, ill will, trying to get back at people, or anything without having facts or truth on your side. In such cases an individual or corporation just tries a case in the hope they can turn things in their favor by fluke or accident.

So, in such a case, a suit is filed and the organization stands to have their assets frozen, their operation investigated and their offficers castigated before the public. Later it is found there is no basis for the case and it is thrown out of court. Result: people are maligned, faces dishonored, and corporations drawn into banruptcy because of the length of the trial and its economic consequences, based on public sentiment, be it justified or not.

WHo looses in ill intended suits? THe first to loose are those in the ill-fated accused company as people loose their managing position, investors their advantage, and workers their job security. The corporation may be in bancruotcy court because of such cases. Who gains?Ultimately, no one gains, except the lawyers on both sides. Why such cases drag on? Ask the lawyers, they usually know each other and support each other, bitter enemies in court, drinking buddies at leisure. Truth or consequences!

peterben

Originally Posted by Hasse

Carlton,
I hope you don't mind me saying, but I think you're wrong here.
I know another fact: there are cases where after an investigation and eventual court case, people turn out to be innocent - I guess some other members can give you a few examples if you'ld like to. Further, you simplify things here. There's no just 'Pips' being legitimate or not. Pips has several parts (companies, people, activities,...) and if in one of these parts one or more regulations and/or laws weren't respected, this is an entire different perspective than just 'If Pips had been legitimate'. Had the company this... had the company that... If... if... if...
What you say in this very sentence may be right on itself but is to me no valid argument in this discussion but just yet another simplification. If you look at the length of (and what has been gathered in) the humble thread, things are much more complicated (!) and (again) this has little to do with facing facts.

I think for many around here it is just too big an effort to gather information and knowledge and properly balance all elements, from facts to rumours and what you can do about them... certainly when apparently this case isn't as simple as one had expected... They just vent their thoughts and feelings. Although this kind of simplified thinking and writing doesn't bring anyone any further, I understand that... but please don't talk about 'facing facts' then... as this starts to sound like a pretty empty statement after a while.

Hasse

And I fully agree

Originally Posted by Offshore-Wealth.com

Good question,

This is the only question I am interested in, how much money or assets have been seized and/or indentified? All the rest is an excersise in futility for PIP's. as we knew it, is long gone and will never be back unless there were billions of dollars siezed.

If it does go to procecutors office because the money owed to us is gone, or worse, never was, then that says it all, end of story. The only thing I want to know is how much money was seized and I hope it is enough to at least cover what was owed to us from pending in our Picpay accounts and AF's.

This is the only question we all need to know, where and how much money was seized? If it turns out to be less than what was in pending or AF's we won't see a dime as investigation will indeed take what is left to cover this long investigation.

Good luck to all, Mike

Exactly.
I feel, it is safe to write-off ,atleast from mind , the money due from PIPS.

Originally Posted by rknair

Exactly.
I feel, it is safe to write-off ,atleast from mind , the money due from PIPS.

Best way to look at the situation actually.Dont get your hopes up and move on whilst BNM investigate.

Pips may return, it may not.