Thread: Is the person that took your money responsable?

Originally Posted by ladym

At this point the investigation is not over, so no one knows the outcome - the money may or may not be gone. You still have an account as does he, if the investigation is over, and PIPS returns in a new form, you can assess the situation then, and you can decide to just keep on or perhaps explore an option to sell your account to him if you no longer want to be involved with it.

If, on the other hand, the bank completes the investigation and it is absolutely definite that PIPS cannot return in any form, then that is the time (not before, not now) to discuss with him options regarding the money you deposited (your decision) into PIPS through him and come to whatever amicable resolution you can. You can be assured, he is more upset about exchanging your money into PIPS than he is about any possible personal monetary loss he may suffer. I know I am in that situation regarding a friend as well. (My only objective was to help some else get financially ahead, not to take their money. I will not share anything like this anymore with anyone because I do not want to be held responsible (1) if it goes wrong, and (2) if it does go very well, a lot of people will not know, nor want to find out, what to do with new found money - taxwise, etc.)

What we all need now is patience for the investigation to conclude before taking premature action of any sort, and a good measure of compassion for each other.

LadyM

While you are being patient, it is possible that the statute of limitations is ticking right along. If I had given my money to some individual outside of PIPs for cash money, I would lean on that person for my money back. Initially, I wound send a demand letter via certified mail stating that if your funds were not returned to you in 10 days that criminal charges would be filed. If that was not effective, I would go to the local authorities to file fraud charges and to the SEC for selling unregistered securities by an unlicensed person. You could also report this person to IRS because you strongly suspect he did not report this as income on his tax return. Chances are, you will not get any money but that person will think twice about doing the same thing again. If this was all done by email over the internet, I suspect you will probably just get laughed at by the authorities you contact.

Originally Posted by bigdogs

While you are being patient, it is possible that the statute of limitations is ticking right along. If I had given my money to some individual outside of PIPs for cash money, I would lean on that person for my money back. Initially, I wound send a demand letter via certified mail stating that if your funds were not returned to you in 10 days that criminal charges would be filed. If that was not effective, I would go to the local authorities to file fraud charges and to the SEC for selling unregistered securities by an unlicensed person. You could also report this person to IRS because you strongly suspect he did not report this as income on his tax return. Chances are, you will not get any money but that person will think twice about doing the same thing again. If this was all done by email over the internet, I suspect you will probably just get laughed at by the authorities you contact.

Precisely, and what ladyM advised or has reason to advise according to her/his emotions....won't ever hold in any cross-examination in any court.

The perspective in understanding the situation is muddled in itself...but then again, Trapper should know better where his mind should rest with.... common sense with the rule of Law in place.

Pi Inc, and BM, and any failed setups... and anyone acting outside these entitities or individuals is yet again another and complete issue again... DON'T GET THEM mixed up however much it may seem related...



I hope Trapper becomes the wiser with a re-evaluation of his rights towards another individual and vice versa....!

Your case lies squarely with that person that TOOK YOUR MONEY...albeit your mother or Father or brother or sister.... if you want to press forward to that claim...than you put aside wherther they are your next of kin or siblings...otherwise, you close one eye to it all...and somebody remains the loser...WHO shall it be???


You or the person who "thought" he acted in good faith on behalf of Bryan or PI Inc or the world of Pips...??? they are all different and separate in a court of law when a breach is made.


Iwouldn't, if I place my continued faith on my parents or siblings or even it is my best friend... I'd overcome the small amount , nothing is more worthy than the bond and not over money.....heck, thats just money that won't follow you to the incinerator or grave.... think about it...and that's the perspective looking at it. On that, ladyM is right...wait it out after understanding your position first & foremost...


Cheers!


YB.

I second that - good luck Trapper... whatever you decide,
Hasse

YB you are the best,well the story goes like this. It was my x father in law and my x wife had told me about pips and how her uncle had made a good amount of profit he was getting around 40k and her other cousens where getting some good returns also so her dad was also in profit.
So I thought that I would get in to so I sent him a money order for 5k I was going to just set it up myself over the computer but he told me that it would be faster if I wet threw him then he could just transfer the money from his acct to my new acct that he set up. Well I waited for a couple of days and sent him an email to see how it was going and he said that it was taking him a little longer to get the money into my acct but it was getting close. Finally I got the email. This is what it said.
I was finally able to get your acct finished up over the phone today (this was on the 15th of Aug) he told me that they had a storm and the servers had taken a hit and it would be up and running in a few days.lol Well I did not do any dd I was just taking his word for the whole thing he also set up an acct for my father, sister, my girlfriend, my close friend and my dads friend WOW. well my dad did get to see his acct as well as my girlfriend we seen it online threw the pips site but mine was never seen. well we all no when the site went down 16th. Well after some weeks later I kept on sending him emails to ask what the status of pips was and I think he got tired of me and he said go to this site called Rolclub.com and there you can get all the info. Well that was not to smart of him to do because when I found all of you (witch i am glad that i did) I found out that no one had been getting paid, and from the time frame that he had been in pips I don't think he got paid either. Now I no that this thing of hyips is all a risk but how could he put people in a program that he new was not paying? either he was just so confident that everything would come out OK or he is a thief. I think I will try the letter and see what his response is. Thanks to all for the good advice will let you no the outcome.
Thanks Trapper t
P.S I had to add up all the money that he got WOW the total of 10,700usd just from the people that I no

Hmmm, very interesting discussion. I sponsored a few people in & have since returned their principal – lesson very painfully learned. HOWEVER, I made them sign an agreement that if PIPS returns (in whatever form or name) their accounts now belong to me. You can’t always have your cake & eat it.

Been awhile since I’ve passed through this forum. Hope everybody else is managing to keep their heads just above the water!

God Bless

Well, I think it always depends on the case. For example it shouldn't be a question at all concerning those people who were selling their PicPay via eBay or so at a time when it was very clear that PIPS was in massive difficulties and there hadn't been any payouts for months.

I personally have signed in several friends and relatives at my own risk - I paid for them from my ROL and told them to refund me the money from their earnings once they start to make withdrawals. Those people haven's lost anything but hope.

But there was one lady (my husband's cousin) who happens to be a millionaire. As she really could afford the initial investment of USD 450 for an account I did not see why I should do the same for her.

I didn't talk her into PIPS anyway. We were on holiday together and lying on a beach, relaxing, and I just told her about PIPS and how happy I was about the way my own investment was develloping, and that I was dreaming of being a millionaire too at the beginning of 2006 if all went well.

But I also mentioned clearly that there is no guarantee, especially with internet investments, and that many programs just vanish into thin air from one day to the other. This happened to me before.

Still she wanted in, too, as soon as possible! So I offered to sign her in from my ROL. We did that together that same evening and she gave me the money. So she DID receive her account, and in the beginning it develloped normally.

That was at the beginning of Feb, 2005. Withdrawals WERE already slow at that time (which I also mentioned), but I really believed that was a temporary problem and had no idea of what was going to happen in the future... You certainly remember the regular updates we were receiving from Bryan at that time.

The unpleasant thing is that we had a nasty quarrel about some completely different subject later (in fact I've never quite understood what really happened...). And now she goes around telling everybody that I have befrauded her - which I definitely did not do! I DID think of refunding her her money though - but then again I really don't see why I should do that. I have been absolutely open about the risks of the investment, but she wanted in all the same.

Of course it would be a completely different thing if she was poor and really needed that money - but then I wouldn't have made her pay for it anyway. And as I already said she is a millionaire and can afford the loss much easier than I could!