The anonymous person shared his reasons why he thinks PIPC is above board. Normally, I wouldn't have the time to answer his assertions but he caught me in a good mood.
Here are some excepts and my answers:
"You're just reading the news. try to get some credible news from the company's perspective."
Aside from reading the news (which is a particularly a good starting point to learn things especially if stories from different sources agreed on what happened), I also did look for alternative sources. I found "proof" that PFEC and PIPC are related before I read the article detailing the connection.
Cristina Gonzalez-Tuason, PIPC general manager, requested the help of Interpol to locate Michael H.K. Liew. She wrote the NBI that she and other investors "have reason to believe that Mr. Liew unlawfully took [the] money of Performance Investments (BVI) to the grave prejudice of its investors...".
How am I supposed to get more "credible news from the company's perspective"? The PIPC general manager has already told the NBI and the Interpol that the owner ran away with the investors' money. If this person knows something more than the general manager, then perhaps he should tell me outright.
"The company, like i mentioned, is expanding in China...i don't think the owner just ran away because he felt like it, or one day he felt like quitting and left for the caribbean."
Does he really believe any of these? That Michael Liew either abandoned his Philippine clients for greener pastures in China or retired, while taking clients' money with him? This person thinks that any of the above scenarios is acceptable.
That this person doesn't "think a scam would last for ten years, and even expanding it abroad..." shows flawed reasoning. Rose Baladjay of Multitel gave good profits to "investors" for four to five years before the scam collapsed. Who knows how long that could have continued if internal factors did not cause its exposure? Length of existence and initial good profits does not mean its not a scam. Satisfied clients does not unmake a scam. Multitel still has supporters to this day. They absolve the company of any wrongdoing. Multitel, by the way, was also forex-enabled but it used another brokerage.
Instead of telling me what to do, why don't you write your OWN blog so you can stop hiding behind the cloak of anonymity? That way you can try to post "credible news" yourself. And without reading newspapers too...