tag:blogger.com,1999:blog-4938181001052785678.post2965206520008570558..comments2007-08-07T22:02:59.071+08:00S@RZIhttp://www.blogger.com/profile/04633786794209639352clmagnaye@gmail.comBlogger2125tag:blogger.com,1999:blog-4938181001052785678.post-33562811179387156472007-08-07T22:02:00.000+08:002007-08-07T22:02:00.000+08:00My lawyer-friend, who read this post and your comments, has advised me to politely sidestep your questions. First, because I don't have a shred of first hand information or documentation about the whole scheme, and there is no point in hazarding a speculative answer to hypothetical questions. Second, these were asked anonymously. <BR/><BR/>I believe he is right. But let me try to meet you halfway. For example, let's take your question<BR/>on "how the PIPC group was able to fool its 'investors'" (btw, why did you put quotation marks on the word investors? Were they or weren't they such?). I have no idea on the actual sales pitch that "fooled" the investors. Was it a PIPC officer, employee, agent, or consultant who did the pitching? Or was it a good friend or close relative who is an investor himself who convinced the poor victim? I don't know, and there could be a dozen (or more) variations for this modus operandi, for all we care. <BR/><BR/>Can a licensed broker or an investment rep guarantee principal and returns? What are the liabilities of the "agents"? Ah, that's where I'd rather that a lawyer answer those questions. <BR/><BR/>As for the other questions, kindly show me the actual documentation for the investment (if you have) so you can get an accurate answer. I won't go out on a limb on this. Remember, I'm not hiding behind an alias. I should be careful with my answers.S@RZIhttp://www.blogger.com/profile/04633786794209639352noreply@blogger.comtag:blogger.com,1999:blog-4938181001052785678.post-15178388316449726302007-08-07T10:15:00.000+08:002007-08-07T10:15:00.000+08:00with your background and expertise in investment banking, it would help if you could explain how the PIPC group was able to fool its "investors". <BR/><BR/>for example, can a licensed broker or an investment rep ever guarantee principal and returns - especially on FX investment products? what are the repercussions to these individuals if such claims are made?<BR/><BR/>investors were asked to deposit the minimum investment amount into savings accounts they opened. where did the money go from there? can an outgong wire be traced to see where the funds went?<BR/><BR/>what are the liabilities of the "agents" of PIPC?Anonymousnoreply@blogger.com