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Bigdaddyrichard’s Trunkated ideas

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PIPC WAS A TYPICAL “BOILER ROOM” SCAM OPERATIONS

•August 9, 2008 • No Comments (Edit)

I got this definition of “BOILER ROOMS” from Investopedia, (http://www.investopedia.com/terms/b/boilerroom.asp), and it clearly describes the method of approach used by PCPI and other scam operators.

“A place where high-pressure salespeople use banks of telephones to call lists of potential investors (known as a “sucker lists”) in order to peddle speculative, even fraudulent, securities. A boiler room is called as such because of the high-pressure selling.

A broker using boiler-room tactics gives customers only positive information about the stock and discourages them from doing any outside research. Boiler-room salespeople typically use catchphrases like “it’s a sure thing” or “opportunities like this happen once in a lifetime”

The SEC (http://www.sec.gov/answers/boiler.htm) further describes this as an operation conducted by dishonest brokers.

PIPC was a “boiler operation” under both definitions. But there is more to it than meets the eye. PIPC may have bandied around that it has an account with ABN-AMRO but the fact is, it is not a foreign currency trading account but a mere fund depository account. Their clients were probably misled into believing that their funds will be traded through the bank and will earn the promised interest.

During my own stint with a similar company closely associated with Michael Liew, I found out that their group, all “boiler room” operators, ( and mind you me they belong to only one group) have one clearing house for all their transactions and this is based in Macau. Whether this Macau operation is legitimately funneling all invested funds to the interbank market or not is something I did not have the chance to verify.

Here is what I surmise to have transpired with Michael and his PIPC!

On his own, Michael Liew may have conducted a foreign currency pool operation, pooling together his clients funds and trading them himself without his clients’ knowledge. The guaranteed profits can come from roll-over interest earnings on certain currency placements such as swiss francs which gives substantial daily roll over earnings on certain placements. But ahh, these interest earnings can be wiped out overnight if the price starts churning against his position. if this is what he did, and if the price did turn against his position, he really would have no choice but pack up and run as what the likes of him have done in the past. If his placements have deteriorated in value substantially, he knows he can not run away from his Macau connections. The choice was clearly to pack up and go, pay up his Macau connection and hide under their protection; or stay and face the charges that clearly will be slapped on him by his clients here in the Philippines. Evidently, he chose to flee from his clients and is now probably sipping tea with his benefactors and associates in Macau.

LOVE TO BLOG?….TAKE A PEEK AT Http://myinspirelife.blogspot.com…YOU’LL GET INSPIRED

•August 9, 2008 • No Comments (Edit)

I love to write. I love to blog. In fact, I created five blog sites since I started and that was just barely a month ago. But when I chanced upon this site, Http://myinspirelife.bogspot.com, I got more inspired.

People were telling me about making money writing blogs. I kept on reading about it in the net. But since I started blogging, I remained skeptical about the money side of it until I visited this blog site (Http://myinspirelife.blogspot.com ).

One look at the home page and you’d be surprise at the many sponsored blogs that will greet you. The author also took quite some time to design the site in a way that visitors will not only take a peek, but will read on and on. Truly attractive indeed. The add-in applications are superb and definitely sure fire attractions to make you visit and revisit the site. And boy, look at the page ads – an envy for up and starting bloggers dreaming about making real money from their own sites.

The author must be a young lady. This will definitely make me prouder to promote this site with my friends and associates.

Go take a look! Log on to Http://myinspirelife.blogspot.com. I guarantee you the visit will be worth your while.

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MICHAEL LIEW (PIPC) GOT AWAY WITH IT ! BEWARE…MORE ARE COMING!

•August 9, 2008 • No Comments (Edit)

I met the guy personally in Singapore sometime in 1995 and again in San Francisco in 1996.

They were just cursory meetings through the people I worked for. As early as then, I knew Michael and my bosses were running Forex “boiler room” operations worldwide. Government regulators forced them out of California way back then and charges are still pending against these people.

I knew Michael as being part of the group that owned C&T Global a member broker of MIFE in 1985. When MIFE was shut down, C & T assumed different names and worked with several Filipino dummies who, I should say belong to the kind who would sell their souls and exchange their principles for the mighty big bucks.

Their modus operandi is rather simple. They strike when everybody else is looking elsewhere. They will be sending people here who are not yet in the government watch list. They will keep their contacts here intact and well provided for. And when things have cooled down, they will set up operations once again.They have a battery of lawyers in their payroll who would also do anything for them to set up operations here over and over again. I’ve seen it happen repeatedly. And I guess, I expect it to happen once more in the Philippines.

They can no longer operate in Australia. in Singapore, in Hongkong, and in the U.S. (And oh, by the way they tried Mexico City too in 1995!) Authorities there can not be bribed at all and new regulatory measures were immediately put in place after their operations in those countries were discovered. In 1995, before the MIFE closed down, these people hit China real hard and they were able to make a killing from unsuspecting Chinese farmers! (I know of some friends who became part of that scam operations and they told me about their horrible escape ordeal from Chinese authorities.)

Michael Liew may have left the Philippines, but the group’s presence is still very much evident. Their people come and go, hatching new ways to scam Filipinos. You may want to ask, how come they are able to operate freely here, and how come they are able to do it over and over again? First off, the regulatory measures in place have a lot of loopholes. For example, the Forex company operating from the Enterprise in Makati (also set up by Michael Liew) is still able to exist because of a legal loophole, disguised as a “research and facilities provider”. Second, Philippine authorities can be bribed! And this says it all!

Take my word for it…..more “Michael Liews” are coming! And we better be damned prepared for them!

FROM MIFE(1985) TO PIPC(2007)… PHILIPPINE INVESTORS AND GOVT. REGULATORS NEVER REALLY LEARNED

•August 7, 2008 • No Comments (Edit)

WHEN THE PIPC INVESTMENT SCAM HIT THE NEWS WIRES, SOME WRITERS DESCRIBED THE INCIDENT AS BEING SIMILAR TO THE LARGE SCALE INVESTMENT FRAUD PERPETRATED BY THE MANILA INTERNATIONAL FUTURES EXCHANGE IN THE MID‘80′S.

BUT DOES THE SIMILARITY END THERE?

FOR MORE THAN A DECADE, FROM 1985 TILL 1996, THE MANILA INTERNATIONAL FUTURES EXCHANGE HAVE BEEN MILKING THE UNSUSPECTING PHILIPPINE INVESTORS MILLIONS OF THEIR HARD EARNED MONEY, WHILE THE CORRUPT OFFICERS OF GOVERNMENT REGULATORY AGENCIES SUPPOSED TO MONITOR AND PROTECT THE INVESTING PUBLIC PLAYED COY WITH THE PERPETRATORS OF THE SCAM.

WHAT VERY FEW PEOPLE KNEW THEN WAS THE FACT THAT THE OFFICERS OF THE EXCHANGE WERE MERE DUMMIES OF A GROUP OF EVIL SCHEMING HK-BASED CHINESE BUSINESSMEN WHO HATCHED THE PLAN TO ESTABLISH THE FIRST EVER COMMODITY FUTURES EXCHANGE IN THE COUNTRY.

ALSO, WHAT VERY FEW PEOPLE KNEW THEN WAS THE FACT THAT ALL THE MEMBER-BROKERS OF THE EXCHANGE WERE HENCHMEN OF THIS GROUP WHICH BANKROLLED THEIR PHILIPPINE OPERATIONS.

AND WORST, NEVER DID THE REGULATORY AGENCIES, SPECIALLY THE SEC SUSPECT THAT THEY WERE BEING USED TO LEGITIMIZE THIS GRAND SCHEME TO SCAM PHILIPPINE INVESTORS. THEY WERE LED TO BELIEVE THAT BY HAVING ITS OWN COMMODITY FUTURES EXCHANGE, THE PHILIPPINES WILL BE SEVERAL STEPS AHEAD OF ITS NEIGHBORS IN TERMS OF ECONOMIC DEVELOPMENT.

IT WAS TOO LATE FOR THEM TO LEARN THAT THE PEOPLE THEY WERE DEALING WITH WERE THE SAME PEOPLE RUNNING A NETWORK OF BOILER ROOM OPERATIONS ALL OVER AUSTRAL-ASIA.

AND, WHEN THE AXE WAS ABOUT TO BE STRUCK ON THEM BY THE SEC IN 1995, MOST OF THESE MIFE BROKERS CHANGED OFFICES, REGISTERED NEW NAMES AND VENTURED INTO SPOT FOREIGN CURRENCY TRADING WHICH AT THAT TIME WAS HARDLY REGULATED , AND WAS JUST AS PROMISING ,AND JUST AS ATTRACTIVE TO INVESTORS LOOKING FOR “GET RICH QUICK” SCHEMES THEN.

IN THE ABSENCE OF REGULATORY MEASURES, THE SEC WAS PRACTICALLY PLAYING CATS AND DOGS WITH THESE BOILER ROOM OPERATORS. THEY WILL CLOSE SHOP IN ONE PLACE ONLY TO RE-APPEAR IN ANOTHER PLACE UNDER A DIFFERENT NAME.

GUESS WHO WERE THE PEOPLE BEHIND THE PPIC SCAM? THEY WERE THE SECOND STRINGERS OF SOME OF THE BROKERAGE HOUSES OF MIFE IN THE MID ‘80S. THEY WERE THE BACK ROOM BOYS THEN. THEY ARE THE PRINCIPAL SCAMMERS NOW.

HOW DID I KNOW?

I SHOULD KNOW BECAUSE I WORKED WITH ONE OF THE MORE ACTIVE BROKERS OF MIFE AT THAT TIME. I ROSE UP THE RANKS AND GAINED ENOUGH OF THEIR TRUST FOR THEM TO SHARE WITH ME THEIR DIRTIEST SECRETS AND EVEN SENT ME TO SOME INTERNATIONAL ASSIGNMENTS.

MY EXPERIENCES WITH THEM TOOK ME TO DIFFERENT DESTINATIONS WORLDWIDE. THESE SHALL BE THE SUBJECT OF MY FUTURE BLOG POSTS HERE IN THE COMING MONTHS.

THIS BLOG IS MERELY THE INTRODUCTION TO A SERIES OF BLOGS ABOUT MY EXPERIENCES IN TAKING UP VARIOUS ROLES IN THE BOILER ROOM OPERATION OF A COMPANY WHICH WAS CONTINUALLY ASSUMING DIFFERENT NAMES AS IT SPREAD ITS POISON OVERSEAS.THE CAPER TOOK THE UNSUSPECTING ME TO DIFFERENT CITIES IN THE PHILIPPINES AS WELL AS TO HONG KONG, SINGAPORE, KL, AND US CITIES LIKE SAN FRANCISCO, SAN DIEGO, PALO ALTO, AND TIJUANA IN MEXICO.

SUCH IS THE MAGNITUDE AND SCOPE OF THEIR SCAMMING OPERATIONS!

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Check Out Social Spark…The Next Best Thing To Happen To On Line Advertising

•August 5, 2008 • No Comments (Edit)


After the successful debut and unprecedented market dominance in on line advertising (through blogging) of its sister company and predecessor PPP , comes now Social Spark – The next best thing to happen to internet advertising.

Social Spark is taking off from where market leading PPP has failed to make a difference – the development of a bigger, wider, and a far more responsive community of bloggers determined to develop the clout and reach of their blog’s readership.

Bloggers are themselves potential end users and consumers of the products and/or services they blog about; and so are their families and friends. By making every aspect of membership to the organization so blogger friendly, Social Spark is well on its way to attracting and cornering a greater majority of bloggers worldwide – truly, a potential captive market waiting to be tapped by ‘ would be Social Spark advertisers’.

Leading electronics manufacturers such as Hewlett Packard or Sony , or Canon, or Phillips can very well use Social Spark in generating interest and measuring consumer pulse for new product launches.  Consumer goods manufacturers and retail chain outlets will benefit well from a Social Spark initiated on line media campaign to promote price cut-downs and clearance sales.

The potential benefits to would be Social Spark advertisers are simply limitless and yet the cost is a mere drop in the bucket compared to their yearly multi-media advertising budgets.

With its innovative approach to on line advertising, Social Spark is bringing together the bloggers and advertisers to a mutually beneficial partnership in the internet.

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PLASTIC…PLASTIC…PLASTIC EVERYWHERE

•July 28, 2008 • No Comments (Edit)

Plastic! …plastic! Plastic everywhere.It is more than half a century since plastic was invented and became very much a part of our existence. It is only now that we are realizing the devastating residual effect of our dependence on plastic products – THE DISPOSAL OF WASTE PLASTIC PRODUCTS!Plastic is non-biodegradable and should not go into landfills. Burning them is definitely out of the question! Recycling them is turning out to be a myth! Curb side collected plastic wastes are actually reprocessed into different end products. Truth is only virgin plastics are used in the manufacture of new plastic bags and containers. And so, we see no end to the onslaught of plastic materials into our environment.This problem can be solved though by reducing our dependence on plastic products such as plastic shopping bags. In our own little way, we can help reduce the demand for plastic bags by using reusable shopping bags made of cotton.We can even take it a step further by crusading against the use of plastic shopping bags and trash bags among our friends and relatives. Encourage them to use reusable shopping bags made of cotton! This small step will go a long way in protecting our environment and Mother Earth from a major man made catastrophe! Make this as a personal advocacy and get everyone in your family circle involved and miracles will happen. Buy and use reusable shopping bags made of cotton.One on-line source for such is http://www.cozyhomewares.com/.You can buy bags in different colors from them like those shown below. I understand that shipping is free. Get everyone else to do the same. Be an advocate for Mother Earth.

THE OIL CRISIS IS BLEEDING US TO DEATH

•July 28, 2008 • No Comments (Edit)

Have you ever stopped to wonder why the gas prices keep on going up? Did you think it was because of successive regional conflicts and political instability in the vicinity of and within the proximity of the oil producing countries? But ahh, sometimes prices shoot up even before a conflict starts!…sometimes even on mere rumours!

Oil speculators and traders, like shrewd market vendors, would jump the gun on everybody else and drive the prices up through a flurry of frenzied buying to stockpile reserves and make a killing when the speculated conflict or rumoured crisis actually arises; and crude oil prices finally shoots up.

The oil producers know this. The oil producers also know how totally dependent the whole world has become on their precious produce. They control production and can drive the prices up or down according to their whims and caprices. With trillions of dollars in oil revenue, they can even bankroll a conflict, finance terrorist activities, or create any form of regional instability because the end result will redound to their benefits.

LIFE SUCKS WHEN YOU HAVE NO ONE TO SHARE IT WITH

•July 28, 2008 • No Comments (Edit)

Being alone in going through this life is the most miserable experience one can ever go through! Seek friends..seek someone you can shower with affection…someone who will reciprocate with the same intensity and honesty…and miracles will start to unfold! It is amazing what a person can do to make life all pink and roses for the one he cares for.

Hello world!

•July 28, 2008 • No Comments (Edit)

Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!

 

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