PIPs Claim Hacker Hit of $60,000

[afdah]

PIPS claims they have had their eGold account hacked for $60,000 :

http://forum.pureinvestor.com/phpBB2/viewt...topic.php?t=964

Just FYI.

[jona]

Another WG in the making ?

It's not gonna hurt them.

All that came of it is they are no longer using e-gold as a payment/withdawl option.

They've had something similar happen before but kept rolling along.

I hardly think that, this is possible.

[jona]

Any loss will be felt as profits and or capital will have to be used to fund any payments. This will cause a loss of investment capital which in turn will lead to loss of further income.

SO.. for a $60K loss.. the repercussions can be like

Loss of an additional $1200 per day in income and this may not be replaceable for a long time. This is assuming that they make a minimum return of 2% on their investments.

Now that they are losing $1200 per day on loss investments, they have in the mean time taken deposits of $60K which they have to pay 2%. Now they have to pay out $1200 per day without having any income to cover this loss.

SO.. they not only have a have a loss of income of $1200 per day but also have to put out another $1200 per day for profits to be paid.

A loss is still a loss and it will hurt!

unbelievable for accts with such amount!

SO.. they not only have a have a loss of income of $1200 per day but also have to put out another $1200 per day for profits to be paid.

A loss is still a loss and it will hurt!

PI is not your typical HYIP.

It may hurt but I'll bet it wont effect payouts. They only have a small chunk of their capital in e-gold.

personally I am not intended to believe in that.

Yes they claimed they were hacked last year too and was going not to use e-gold anymore. But... it seems it was fictitious story for purpose of making excuse to clone system members because of clone payments delay at that time.
After week members forgot that story and suddenly everything became fine with e-gold. It is just my speculation but I can't explain it in different way.

Maybe it realy happened now? I don't know.

who in their right mind would keep $60,000 in an egold account!? Get a bank account for petes sake!

Last October I got a free position in the $5 Pure Investor as a paid member in TUMS, and I never really cared or believed in PI...even it has been around for at least a year.

The concept of an HYIP / matrix hybrid has never really worked on the Internet: Cases in point: The clearly fraudulent La Club Prive (which was found guilty in court and forced to pay back investors a group total of $2 million in 2000), the suspicious PILL (Prosper International League Limited) in Winter Park, Florida (whatever happened to them?), and the honest but badly executed CashEvolution (2001-2002).

CE was the only one I joined, and CEO Craige Mayo and his marketing director Dave McQuiod actually phone me from New Zealand when their program was in pre-launch and that was months before the HYIP element was introduced long after they started it and changed the format. CashEvolution was completely overhauled twice, including the design of their website as well. It ended in disaster for the owners, but fortunately we members lost very little money and hundreds of us in pre-launch joined for free (the small monthly fee didn't kick in for a long time). After the first month it was charged, I decided to cancel my membership.

Pure Investor came on the scene a year later, and what I want to know is: Has anyone made any serious $$$$ from it? I sure haven't seen any serious testimonials about PI. I didn't promote it one bit in 6 months, and through spillover or "cloning" as they call it, one person I never heard of turned up in my matrix. Of course that's not enough to do a payout! :lol:

One of the other reasons PI can't be trusted: Now all of a sudden they've launched this new costlier program called PIPS. As a member of PI, last week I received an E-mail asking me to pay to upgrade to PIPS. If I did not, I would lose my PI position. Well, fine --- let them have it! I won't be joining Probably Intentional Ponzi Scam and I hope not too many of you aren't either.

The biggest warning sign is their claim that $60,000 was stolen from their E-Gold account seconds after they desposited the money! Yeah, right.... :roll: