I personally called Bank Negara...
... and talked to an English speaking bank employee. I do not know if he was an investigator or not but was very informative. For those saying that PIPS, PicPay etc etc will be back online, totally false. PicPay is being investigated for operating illegally and will not be allowed to reopen in Malaysia or anywhere else for that matter. PIPS in itself is not 'Illegal' according to Malaysian law therefore Bank Negara has no power to shut them down. The investigation is also top priority due to the international interests that abound the case. Something else peculiar, the gentleman went out of his way to tell me that Brian and Sharon Marsden are both under investigation and charges will be filed against them upon conclusion of the investigation. He also mentioned that PIPS, PicRealty etc will be restructuring. I assume that means that once they restructure Brian, if not in jail, will set the value of a unit to almost zero. I am also sure he will find a way to funnel "withdrawals" as to appear that everything is on the up and up and all PIPS needed was a healthy "restructuring."
This is my first post and I felt compelled to share what I learned from Bank Negara even though there will be those die hards out there clinging to every last hope trying to say I am a liar. For those die hards I will recommend calling Bank Negara.
When asked about what I can do to redeem any money I had in PicPay all he could tell me is to join one of the ever growing class action lawsuits.
To bring more credibility to this account I will tell you that the person that I talked to pronounced his name (forgive the spelling) "Nalseef."
Maybe you can ask for Nalseef.
Hopefully this post will help someone.
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