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Thanks to PinoyMoneyTalk for this update, I have been watching closely on this PIPS incident since it started in 2005. Yes, this is pretty similar to SwissCash as far as I can see since it’s based in Malaysia.
I bet Bryan will be in jail for a long time to come, it grew too big and involved too many innocent people’s money.
Excerpts from The Star, one of Malaysia leading publication.
He said Marsden had been charged at Seremban Sessions Court for 50 counts under the Anti-Money Laundering Act while his wife faced 48 similar charges there but could not higher bail imposed by the court and had to spend a year under remand.
He said Bank Negara had frozen his clients’ assets adding that investigating officer Abdul Halim Mohamed Dalib had affirmed an affidavit stating that RM8.34mil worth of properties and company assets belonging to the couple had been frozen by Bank Negara.
“I apply for this court to take into consideration the amount which had been frozen by Bank Negara as a surety to ensure their attendance in court,” he said.
He said the couple did not have money for bail and urged the court to set their bail at RM20,000 in one surety for each accused.
Judge Rozana Ali Yusoff set bail at RM400,000 in one Malaysian surety for Marsden while fixed bail at RM300,000 in one Malaysian surety for Phan. The couple failed to post bail.
Rozana also impounded their passports and set three days from May 6 next year for trial.
May 6 next year. It’ll involve alot of people I’m sure.
Popularity: 42% [?]
I have spoken with Bank Negara considering my husband and I lost over $2,000 with the Marsdens. I recently received and email asking for PIPS members to donate money for the Marsden’s court battle (two years later, no less). Sounds like another scam to me.
However, Bank of Negara should NOT be RETAINING THE FUNDS and I was told TWO friggin’ years ago that PIPS “members” would be getting their money back and then some (”oh, we think the people will be very pleased with the outcome”) according to one of the bank’s representatives. TWO YEARS AGO.
Malaysian authorities and Bank of Negara are as guilty as the Marsdens for keeping ’stolen’ money.
I too fell for the PIPS scam, and so did a few of my friends. Unfortunately the investment were more in the $$,$$$ range, therefore I sure wonder what happened to all the million Dollar assets that were confiscated (properties), and some assets held by the Bank of Negara.
Even if it was just a percentage per Dollar we get back it should be returned to the original investors.
I too invested over 500 english pounds
as a spin off from goldenwomb.
However I do feel sorry for the Marsden’s becuase
I feel there is a deep political motive rooted
in the international banking sector ( recently collapsed
due to massive banking fraud as consequence of credit
crunch ).
I also feel it was the publication of the Christian “animated bible” that angered the muslim
leadership in Malaysia.
I feel the Marsden’s had good motives to help people
worldwide and like all good schemes designed to help
the small individual, these are hated by politicians
and bankers, whose only aim it to keep everyone
in debt and in submission.
The Animated Kids Bible, in muslim country combined
with the bypassing of the Malaysian banking rules
( which did not apply to PIPS in the first place )
has led to the imprisonment of the Marsdens and the
government led assualt on their investment business.
Anyone remember PIPS Fashion, and PIPS Cafe, it was all
legal open and above board. So I believe the American
led commercial banking sector and the American CIA
and other unaccountable and illegally operating
international “governmental regulatory scams” combined
to put pressure against Bank Negara of Malayasia to bring
charges against the Marsdens.
The irony is that none of the PIPS members complained
about anything, and if complaints from PIPS members
were not the primae facia motivation for the Malaysian
authorities to bring charges against the Marsdens, then
the motivation lies elsewhere.
Ipso Facto the International Criminal Banking Regulators
who hated to see success of PIPS.
The Marsdens should be released and allowed to live normal
lives, and all the company assets returned to their control. All charges should be dropped.
A happy PIPS investor. Phil.
Phil ” a happy pips investor” you are an idiot for writing and believing any of this. They ran a PONZI scheme!!!!! They should be locked up forever
what is the latest on bryan marsden he has 2000$ of my hard earn cash with no returns…he need to be locked up for life…
how do we get the bank to release our nvested funds to us?
I too was an investor in the PIPS program and I understand the statement of Phil and by no means feel that he is an idiot. Most of us are complaining because we did not receive our return. However had Bryan and them not got arrested we would have received a return on our investment. Up until they started the Picpay to process the funding themselves, investors were receiving their payouts.
I do believe their has to be some level of rationalization. It would be a scheme if they ran off with our money and went into hiding. Throughout this whole process that is not what happen. They had events, ponzi is where you get caught not being able to payout because people stop putting in. Look at ALL the assets and funds they had. We could have all been paid five, six and seven times which validates what Bryan was stating.
It is amazing that even 2 years later NO ONE is putting pressure on the banks to release our money. Do you realize HOW MUCH THE BANK HAS MADE WITHIN THESE TWO YEAR?
We need to stop fighting the ritght battle. BANKS I want my money!!!!
Do you know where the marsden are now
and when and how we can get our money back
thanks
“However had Bryan and them not got arrested we would have received a return on our investment.” haha u truly belive that dont u..
“It would be a scheme if they ran off with our money and went into hiding.” it’s quite hard to do that after u been aressted.. wake the fuck up..
What u gotta understand is that they were scamming you and then move on with your life.
It [the above] said that the assets and bank accounts were frozen.
What has happened to these assets??
They [money and assets] cannot disappear!!!!
Think members need to be asking questions of the authorities and Negara Bank what has happened to the assets/funds !!!
Can contact me at : anglozulu@safe-mail.net