Ginko Has Not Allowed Withdraws For Over A Day Now...

Ponzi
Porto
Ponzi
Porto

I only have a couple hundred in Ginko, but as I was standing in HQ Friday, there was a whole lot of debating going on. What made me truly sad was the avatar that had 13 MILLION in lindens invested in Ginko but wasn't worried because "Nicholas explained a lot of things to me. I'm glad I have insider info."

Another gal was convinced she'd get her 6.7k USD back "eventually". Another avatar with a group title of something like Ginko Technician was trying to allay everyone's fears and even asked a guy to leave because he kept telling everyone there was no money left to withdraw. He kept defending Ginko until asked if he got his own money back. He promptly said no so I asked what he did with his share of his staff payout. When he said he didn't get paid, I said "Well according to Nicholas, he paid himself 1-2k per month and his staff 1-2k per month. Guess you got screwed huh?"

He tp'd out after saying he hadn't heard about that.

I think the scariest thing of all was the fact that, despite me pasting quotes from Nicholas himself at the inworld press conference, there were still people depositing money and defending Ginko/Nicholas. The "we cannot guarantee that we will never go bankrupt" line being pasted to open chat did cause a few to change their mind and leave, but overall it was a bit of a bust, though it would be interesting to see how much that changed over the weekend as more and more people are becoming aware.

And btw, back in November when I initially was referred to Ginko, the "disclaimer" as it is now did not exist on the ginkofinacial.com website.

How about calling it a Porto-Ponzi Scheme?

Kinda makes it sound more like the toilet institution it really is.

I'll freely admit I have no knowledge of how banks in SL are operated. I've had no interest in finding out, the whole idea seems flat out goofy to me.

I could understand a group of people bound together by familiar trust or binding legal agreements in some sort of co-op so that they can by-pass the Lindex to buy/trade US to L$ amongst themselves...

but letting some uninsured anonymous third person 'hold' my money with the vague promise of giving me more later?

I'd rather fly to Vegas and try my luck there. At least that's regulated.

LOL