Thread: A Humble Request (Merged)

GN was on record as saying that there was almost no Forex or futures trading being done although at one point he was suppopsed to be recruiting a new team. He said he had trained his son Bryce and that he was a "natural" but that he was the only trader at Pips so that volume must have been quite small.

GN was in charge of placing bigger trades in the PPP arena and travelled several times to the US to meet facilitators and place contracts.

Some of these trades would have been for many millions and although highly lucrative would have tied up capital for typically six months to a year.

These trades are also notorious for suffering delayed payouts and for getting on the wrong side of the SEC, Patriot Act etc. which can cause more delays in paying out.

Is it possible that there was so much money locked into these trades that when the withdrawals slowed (or were sabotaged) that the "run on the Bank" that was called for by PipsUSA might have been orchestrated to cause maximum damage to Pips and BM?

Was insider knowledge being used to weaken BMs position prior to launching a management coup?

If this was so (some members might remember more about all this as I was travelling at the time) then it would account for the large sums missing and at the same time account for the cash flow crisis.

The next question would be whether GN was actually very successful at placing the trades. Perhaps big losses were being made?

If large sums were actually being lost altogether then that would have a very large bearing on whether there are in fact sizeable assets left in Pips when BN completes the enquiry.

I know some will say that all this is highly speculative but I believe the facts are there to support this and that there are members who remember the order of events and who have the evidence.

I also apologise along with "whatever" above if this is jumping the gun,

Michael

About the only thing I recall from that time period (Oct. 04-Hawaii convention time), is numerous times it was announced that all withdrawals would be caught up. First time in November, then by Christmas/New Years, then again by convention time. These were definites, stated by Bryan. Then each time, some unforeseen would happen to stop the progress.

One at a time.....

First off, I don't believe that you can get a PPP (as I understand and know them) in the US. Most of those (via UN contacts and international contracts) are not even available (commonly) in the US. I could be wrong, but that is my understanding. If I wanted to dump $10MM into a PPP, I'd have to go through the EU or Pacific Rim (or so I have been told by those who know)

As to Forex - Would YOU give a great deal of money to an unproven "trader"? I wouldn't. I do seem to recall that BM had said that there were several avenues and traders (generically) for member money.

Next, about funds. Do the math. Recall that WW said that money was being poured into Fashion by the tank load. Assuming this is correct, and assuming that we have 80,000 or so members with 200,000 accounts (or there about), that would indicate well over $100MM in member funds deposited (at $500 - we all know the average is much more than that) Is it probable that Pips lost or spent hundreds of millions of $$$$'s in a 4 month span????? Remember that membership really started to grow in October 2004 (or so). Even if we assume that $50MM went "missing" in the Cambodian Bank snafu, it still doesn't make sense that all the remaining was lost or spent, and there is nothing to show for it. Just my observation.

Michaelr is correct (I believe) that there were orchestrated efforts to take over the management. Recall that (I am getting a little ahead of myself) there were some "restructuring" proposals (per GN, IB, WW communique's) as well as at least one letter to (BNM) regarding a group that could come in and "rescue" the program (late August, 2005). But that is for another day.....

BM was always candid and forthcoming regarding "visits" by differing authorities to the Pips offices. To be fair, I wasn't actually THERE on that day, but it has been verified by several others, including workers, etc.

Also, the "run" on Pips in July (I believe) helps support another argument that BM was not blissfully ignorant of the "problems" and "issues". But, as before, that is for another day.

If we are done with January and such, it is time for Hawaii and the beginning of BM going "silent" with respect to details.

Arcturus

Oh, before I forget....I believe there WAS a short term cash flow issue, but right now there are too many suspects and circumstances to properly analyze why. Assuming BM was correct (or close) to his $2MM per day requirement for W/D's - that would be $10MM per week. And, we had $$$'s coming in from membership........ So either the money got spent, lost, taken, or is still there somewhere. Hopefully, we can narrow down the list or at least the amounts per sector. (The W/D requirement don't include Merchants)

Arcturus

i'm a new pipster...joined in february 2005...i'm just trying to figure out why would someone who joined pips and can make all this money{supposedly} would try to sabotage the program from internally.....i mean my ROL on the trivek simulator shows i would b making 2092 dollars right now per day....to me that does'nt make since for someone inside the pips fraternity to sabotage himself,along with everyone else in pips....just a thought...IMHO....Pat

Originally Posted by azmia

sooo far ahead...with so much left behind

Can you please help us fill in some of the blank spaces we missed azmia .. and I know we missed alot ...

goldeneye

Yes Azmia,
I remember that as well ... TG , dogmam was and still is so decitaded to bring Pips down ..I was always wondering who is paying him to do so.

Braging they were going to bring Pips down and posting on the TG forum as well as other forums names ,phone numbers , addresses etc on how to contact the sec ..to get those C&D orders in place and braging on every forum and getting people to do the same ...

Never glossed that over -TG was always a Big thorn in Bryan and his Pips members side ....
Where they got all their energy or money to do keep this up I just don't know BUT I am sure we will find this out in good time.

goldeneye

Ah....incognito....

strang how he has gone as silent as the others.....isn't it....

now there is a story.....

but that seemed more personal....not about PIPS...more about bringing down PIPS to get back at BM......

for what....well....that's beyond me.....

and this is just my take...on watching it unfold...

Denise

Originally Posted by goldierox

Ah....incognito....

strang how he has gone as silent as the others.....isn't it....

now there is a story.....

but that seemed more personal....not about PIPS...more about bringing down PIPS to get back at BM......

for what....well....that's beyond me.....

and this is just my take...on watching it unfold...

Denise

I didn't even know what "TG" was until @ April of 2005... Dogman (later) had racked up around 5,500 posts..Definately not a guy with a "regular" job...

Well...........I (personally) didn't want to get 'personal' (yet!) so I have refrained from that portion of the story, considering it IS personal against BM. Again, being fair minded (or so I like to think), I will leave it up to the members. Do you want to know the (partial) bad list and what they were doing? Or would you rather move on. The most you will get out of this, without it turning into a shouting match or "he said, she said" is that at least you will see some characters, and how they acted towards Pips, members and BM. I do believe one or two called Sharon a Jezebel, Succubus, Evil *itch, etc. etc. and tried for a time to blame it all on her.

What say you all? Remember, we shouldn't act like TG'ers by accusing and pointing. We should present facts, statements and activities and let the record speak for itself.

BTW: Incognito still lurks (as does Dogman, Notjomamma and the rest) but their yappers can't do anything but **** the same mantra. I will give 2 on that list a little credit, though. They have tried to act like Pipsters and be at least civil, but no matter how you dress it up, a mule is still a mule.

Arcturus