Thread: Updates on BM & PIPS Refund, Claims & Payouts

Is Batty still going to the trial, or is the trial over, want to send money on paypal if possiable (slim) send me information?

Originally Posted by slim406

Is Batty still going to the trial, or is the trial over, want to send money on paypal if possiable (slim) send me information?

@ Carisma.

To both of you, TQ for showing your interest however, we are at the final stages approaching to the end of the Trials on BM.

Please visit this link>>: http://www.rolclub.com/pips-program-...nor-group.html

If you are still VERY keen to be updated and you need to be included, even at this late stage.... it's like jumping the queue to retrieve valuable details and info .

U R still welcome should you be seriously & genuinely interested.... so have we been with all those who supported the Trial coverage with their funding.

If you follow through as advised in the first post within the recommended link pasted above, I will add thereafter add you to the list, and it has to be ASAP and/or before October ends otherwise I won't get into further Admin workload to have you included for the distribution list when the feedback coverage is due in November.

Donations only through PayPal at account: [email protected]



YB.

It has been awhile since my last update and that's due to earlier my preparation for holiday and upon return, much more was awaiting (incl. the next follow-up holiday plans & advance arrangements too as always) which I now hope to catch up with the Coverage on the trial... hopefully, this could be the final one....!!!

Just when will it ever cease and close like most do, beats me equally like YOU are too???

Even B. Madoff's was swiftly taken care off....

Oh well, Bryan Marsden seems to have gone onto a slippery but longish slope in the wrong place for a cliff...

With the coming Nov Trial and hopefully the Finale.... as closure, there may be serious interests building up and for anyone planning to have Legal representation to retrieve the lost treasure of one's own $$$s lost to the Marsdens, PI Inc and now with the State or BN of Malaysia. Hence and after what can or be known from the coming and final closure notified by the presiding Judge, will anything be known by then for concrete steps to be undertaken.


I cannot assert nor promise or wish to speculate what is possible... not at the moment and time we are still in however, should ANY of you who wish to follow further and is interested, albeit you being a HDGer or a non Donor... just PM me what your plans would be like and if we can combine a collective strategy to pursue further, on Legal measures and to address your individual status.

The big picture here is, one or two key Lawyers may be representing either all investors in one go or individually as so deemed by any of you investors...
Next, if there is a fee you cannot afford, should your earlier plan to go alone be the case, you can join the others so it remains affordable to engage the lawyer(s) on a collective representation.

I have no idea on figures and who or which Solicitor etc...its too early.

But one thing for sure remains... anyone with stupid-sounding and raising foolish innuendos will simply have no place for a response let alone be a appreciated...

I have no time for silly pranks and juvenile adults posting/messaging with i d i o t i c PMs and questions... go play your TV games and fill your mindset with sand at the playground instead.

PM me what and how you view with your side of a serious pursuit to seeing your case be address.

Thank you.

YB.

Just in....

Hello YB,

i have been reading about the marsden trial. I had invested in pips and lost all my money. Never received a dime out. I am not sure of exact amount i invested, i believe it to be between 5 and 6 thousand dollars. Since than i think i deleted all my information from pips so not sure how i would prove to any lawyer what my investment amount was, etc.

I also am flat broke since this happened and dont have money to hire a lawyer. I do hope that someone can hire a lawyer to represent us all. It sickens me every day to think how much money i lost as i'm sure countless others feel the same.

RC Member

Hi RC Member,

I understand where you are echoing from and obviously too, your share of the demise is with many thousands facing a similar situation like yours.

As you know, if and when any Lawyer(s) is found and prepared to provide his/their services.... a free lunch is only for those thinking it is by those who just came out of the woods after a full 100 years of absence and reality.

As much as it hurts to say, the fact remains, everyone has to chip in somehow and if you can't afford, seeing how the financial state you might be swimming in, the only other option is to seek someone who is willing to help you with the funds to cover your share of the collective Lawyer(s) fee.

My PM access is always available but I advise you to open up a working email address so we can switch sooner to that than stay within the forum's PM facility and I discourage it strongly too.

Once you wish to take this alternative, be prepared to provide whatever relevant information, NOT to me but certainly for the lawyer collecting every available data possible.

I nor ROLClub is in anyway in the position to guarantee or act or assure you of any outcome that may become positive or negative with any claims put forward which again, is not handled by us.
We can only help coordinate on everyone's behalf.

I hope this answers to your query. I shall post this interesting sample on the forum so others can see if their similar situation is like yours and saving me to repeat again.

Your username will be left out, so don't worry about it

YB.

Thanks Yogi for your latest update

The November court hearing is going to be very interesting indeed.
I wish I knew a few Malayan rules of engagement here...
It would be great if we had a rol club member in the know, we need one of those real clever members that will tell us how it will all pan out, all the Malayan legal aftermath. What the jude is likely to say, what the bank is directed todo, so many questions.
Please come forward, nows your chance to shine. Share your knowledge with us.

Gaz

Yes Gaz, I couldn't agree more and wish it is.... but it may also stir quite a riot with responses resulting from minds that plays on others with self speculation and driving up the controversy a notch or two higher...

It was that way when the unexpected showed up and many, including yours truly just went awed in disbelief.... of course, back then, i was just a NOOBIE myself stepping into the fray past my 50s and for the 1st time with easy $$$s to play with... not any more and see what we have as of late... another fat-belly Indian chap reined in for the disastrous hedge fund scam the Feds have finally reeled him and many more others...

He'll be lining up the corridors next to Madoff someday soon.

With Bryan Marsden... its still hard to try speculate due to the fact for the Malaysian Legal system is one notorious type that has its own unprecedented rules that switch about with the weather there.

The best course is to wait & see how it first envelopes... and then one can decide the next destination for deciding the right course of action needed.

Batty will be covering that closely too.

YB.

A Lawyer was approached....

We may have something in the pipeline and for the moment, the current HDGers will be notified about this new development. So, keep an eye out on your mailbox and yr early response is recommended too...

It will be interesting if the lawyer, specialist in the Civil suit sector can manage or succeed preventing the further disappearance of your $$$$s funds and vested sums down the backdoors of the State or Bank in Malaysia.... and perhaps also, the quick exit out of the country upon release even though they may have an already expired passport.

YB.

Some interesting mails were received for your consideration...

Hello again YB, and thanks for your prompt reply.

Please address the following points:
1. We are only interested in suing for the remaining funds in the Pure Investor system, not Bryan personally. If he is to suffer financially, we drop all claims, totaling 3x.

2. If we continue with the process, please indicate which paperwork we have to produce and what to do with it.

Our details are as follows:"xxxxxxxxxxxx"

Kind regards,
RC Member(s)

YB Reply:

Alright, quickly onto yr concerns.... yes, you have raised a good distinction which I can say at this point, its not so much about suing him personally.... really, I think that's a chapter most would rather overlook it and instead, prefer to see their money recovered as a priority....one way or the other as you would yourselves while it still is out there, somewhere.... and it doesn't deserve falling into the hands of other 3rd parties should there be Legal means to prevent it and then recover it altogether for as much as possible on whatever sum that is made available....

Hence, it may be part BM and mainly addressed at The State altogether or if it appears, the job was a sloppy one by the Courts to determine what should effectively be uncovered and the State or Bank wasn't successful on that, then it would turn around and proceed towards the address of Bryan Marsden for what it takes.... should he indeed and still have access, to the remaining sum located "elsewhere".... I can't say much on this as yet as I have no influence as a layman on this area.

That is what the Lawyer is in for, to determine this course and to help with the process so whoever and whatever amount that should rightfully be returned to their respective ex-Investors, should be worked on as a recovery case... again, it doesn't mean even on the surface or below, that it is a personal case solely targeting Bryan .... for that's something most would really be getting over it by now... its now for picking up the "spoils" of abuse in this case, which is the money factor, that is about all.

But before that stage can be established, a decision has to be ascertained & confirmed, lawyer to proceed or not at all.... and WHO (ex-Pipsters) wants to be represented.


The accounts you mentioned with the username applied isn't really effective anymore at this stage nor later either I believe. What matters most are the numerical account nrs that can reflect and reciprocate the actual transactions made, that is the core and judicial proof needed to become a base for proceeding the pursuit for a claim. It has to be substantiated and corroborated with the Bank's records somehow and that is where the Lawyer is assigned to handle it on behalf of all parties laying claim on the available money.

Hi Yogibrood

First, thank you for your information.
I just wonder, after I had signed inn with PIPS, I also recruited several persons signing up and investing in Pips.
Is there enything I can do to help these people to get the invested mony back.
Because of language problems, they have not been memers of RC.

This claim, is it supposed to include profit ?
Kind regards, RC Member.


Firstly, as everyone who were informed incl. you as a HDGer, this will be given to ALL HDGers qualifying it and who are interested to file in their claims. It does NOT involve anyone outside that is not known to us since the support/donation trial coverage began and those who awere and has remain ROLClub members from the very start but this is secondary, as it is not a core issue.

Yes, and although YOU in particular stands a better chance being up ahead in the list, you will also have a better chance for your claim to be addressed earlier as viewed on the submitted files in the order that is received by the desk of the Lawyer.
Remember too, there may be alot of money hanging out there or there may also be just about enough when tracked down and available for what is allowed for returning to those that are filed for claiming. If and when the amount dries up to the last dollar and cents, then there is no more to argue nor pursue after that, the case is close thereafter without further deliberation. If you submit theirs and acting on their interests and have it filed under each account per file but submitted through YOU as listed on a 1st come 1st serve application for Claim.... then they will be included but only through your handling with us as instructed when you are next advised with submitting your account details.

It goes without further assessment that "profits" are certainly out of the question... knowing how it stands and its impossible to work on that achievement given the fact, there is also nothing more to substantiate or prove further about it churning up "phantom" profits while in limbo during the course of the trial in all the years it took. One will certainly say, if U R lucky to be in the queue for a claim and you got your "seed" money, even for a part of it, consider yrself fortunate while others may not be as lucky as you were....

Hi Yogi,

I was in PIPS from the very beginning and was wise enough to withdraw my seed money at an early stage. Thus, I did not lose any money and BM and PIPS do not owe me anything. I have been donating to Batty's expence fund merely hoping that the trial would give some kind of answer about what was the truth about PIPS. Also, as I have so many friends among the Malaysian Chinese people it was easy for me to support Batty. In abt. six weeks time I will once again leave the cold and dark North and spend Xmas in Langkawi.

I wish you all good luck with your efforts to recover some of what may be left of "the PIPS millions". In cases like this, usually the only ones who profit from this kind of lawsuits are the lawyers, and I sincerely hope that this will not be the case this time.

Cheers,

That is very kind & considerate of you esp. being a generous supporter on the donation drive. You deserve the summer-like conditions Langkawi offers… Go For It and enjoy yourself to the hilt… just don’t stir the waves too much, don’t want others to feel you caused a tsunami by the shores….hahaaa. Take good care and keep in touch, cheersch to yr good health too!!!

Yogi,

Just donated $30 for Batty's trip in November. Transaction ID# 1***2035Y4117511W.

Backdraft

For ALL who are still interested to lay claim....on their $$$$

Here below is a relevant exchange that may answer to many who may wish to attempt claiming their money while the limited time span is still within a frame of opportunity and availability.

Please read carefully at what was received an hour ago and the subsequent reply I have to give, it will also help you understand how, what and why in anticipating what is ahead of you in doing whatever it may take, within the given legal limits when involving a Civil Lawyer specializing in this class action from local representation.



Hi YB.

My name is K. A. and I am from Norway I am the sponsor to S. A. (RC/HDG Member) in Norway .

I had several account with pips and many wire transfer on pending with Picpay.

If you or the lawyer were able to withdraw just two of the pending order from Picpay I will be grateful.


Here is my username in pips: PIPs1, PIPs1, PIPs2, PIPs3, PIPs4, PIPs5, PIPs6, PuPs, PoPs10, PoePs


User name in Picpay: PRIKs1

I had two big pending withdrawal in Picpay

One with amount $ 217,000.00

One with amount $ 133,000.00

Do you think it is possible to get anything out of the Picpay account?

Do you know how the lawyer will do it when it’s coming to the payment? And what about you, you also need to get some money if we get something back.

Besgards.

K. A.

_____________________


Hi K.A.,

The usernames from Pips days are scrapped and will bear little significance for todays tracking of a system that is gone and non operative and certainly, non existent since it capulated in early 2006.

Right now, all that will be recognized and remained valid as recorded are the actual transactions that banks archived for a minimum of 10 years or maximum 10 years, depending on which country that can afford a large data base and is not making good money or business.

Mr S.A. mentioned something about the connection with you, I assume, it is you and no other person he has been involved with.

Currently, I allow access as 1st priority, to all the HDGers (I'll let S.A. explain that to you separately) that have shown support and donated funds to make us reach & achieve where we are now today. The next in the priority queue will be for the ROLClub Forum members who were once donors to the Trial Coverage. The third priority will go to the ROLClub members themselves who were registered with us, in the ROLClub Forum since 2005. Last on the priority list will be given to those who wish to try their chance at submitting their claims.

When a Lawyer is found and agrees to take the assignment, a FEE will also be agreed upon.
This FEE will cover the cost of the Lawyer's efforts in helping secure by Legal procedures allowed and approved in the Malaysian State.
Once that is accomplished, it will be proof as confirmation that The State, or Bank Negara or some Curator, has acknowledged the presence of whatever amount that has been tracked down and it can then be decided, just when, how and to whom it will be refunding.

At that juncture, there will be evidence of activity needed to pursue the correct process, to gain much possible grounds as to what is allowed for recovery.
The job of the Lawyer basically ends there as all records will by then be exposed for public access and made transparent for further legal action to claim the money from the source(s) involved.

The same lawyer can continue again from there... and that has to be a separate arrangement. Each recipient will by then be dealing directly with the said Lawyer.

If another is preferred, then, it is clear too as one simply assigns a new Lawyer for him/herself under a different arrangement where I am no more involved, I don't need to after all.

By retaining the same lawyer, which is highly recommended, will it alleviate and diminish the entire process altogether and considerably and will perhaps speed up as well in your advantage with the claims.

Should that occur, it is left to you to decide in retaining the same lawyer or another. I for my part has no more involvement with the new arrangement, which is again obvious.

So, for the time being, it is quite a job to determine whose account can be tracked down that matches with the Bank's records and once that is checked and confirmed as legitimately having taken place, YOU and your acknowledged account(s) will be listed under one dossier for consideration in the queue list.

For example:-

If the Lawyer's FEE stands at USD$10,000 for this task that involves up to the point in sourcing and confirming the location of the funds, and again acknowledged in B/W that it is available for claim by the Legal course of action, with each account submitted, according to the rank & file we have given priority to, and totaling perhaps say, 2500 accounts spread across 500 ex-Pipsters, then each account will be charged under a collective FEE, going at: $4,00 each. plus 0,55c for the administration involved.

The same lawyer may subsequently accept each individual submission, albeit you having 1 account or 100 accounts, the lawyer will determine your case as a whole, no more basing it on every account you have, the groundwork was achieved and its all compiled nicely under one dossier, albeit 1 account or a multitude. When using a complete new lawyer, just imagine the process he/she will first have to undertake....
By the time s/he gets to receive some form of confirmation on any account being tracked on, on your behalf, this other default lawyer may have covered most of the grounds to be qualified for refund... being well ahead of the other new lawyer you decided to switch to and it may take several weeks to months perhaps for him/her to be informed, There is NO MONEY left, it has all been paid out earlier.....!!!

So, please bear in mind, what U R facing with... This is the status our HDGers have above all others... they deserve it for their excellent support and donations they gave to reach this far.
I will see to that for my part, up to the point the missing millions are eventually detected and brought out to light for claimants to legally go after it.

Let me know what you decide, I would advise you to discuss with Mr S.A. to work out a favorable arrangement, I remain neutral as I have been all along.

Yours sincerely,

YB.