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

....and are y'all smart enough to figure out who shareholder number 3 is?

The website says one thing but if you know a little and use your head, you will know who it really is.

Unfortunately, i cant name either the falsified name displayed on the WSE site or the real name.

Actually the way the WSE works it is not actually possible to take over companies, so even if you own 100% you dont become the CEO unless you make arrangements with management.
I highly doubt HCL's current ceo has any desire to give up his position.

Also could someone inform me about forum rules regarding naming names in the case of HCL's ceo, as he is a public figure of importance and has made his real name known so its not like we really need to hide it.

A careful read though WSE list and rules leads me to believe any director can table a resolution to be put to the vote Rocketman....and as in real life the system works on one share one vote. I will IM you in game.......

Our moderator is a fairly reasonable person, if the name IS in the public domain media I personally sometimes provide a link. But these BBs are not really for rants, just to exchange information helpful to residents and not to cause real trouble

John

I did wonder about that. A friend of a friend ( yeah, I know ) is upset at losing the equivalent of approx. £700* UK pounds in Ginko and yesterday decided to contact his local police station to see if a crime had been committed. They apparently referred it to the Metropolitan Police's Computer Crime Unit, and he's now waiting for them to make contact.

I'm not sure what they can do apart from liaise with Linden Lab and maybe the authorities in the States, but I do wonder how many others have taken similar action, and whether this story is destined for international headlines on par with the child abuse scandal a few months ago.

* I'm a bit unsure about what £700 UKP means TBH. £700UKP deposited, or £700UKP after months of interest at stupidly high rates have been applied?

With regards to banks on SL. I make sure that I dont have large amounts in my SL bank accounts just in case it either get hacked or goes bust.

You take a risk with any bank, but I have found that the SL banks are well run by profesional people.

Ive never had any trouble with atm machines or SL banks, hopefully this will continue lol.

Desmond, great post.


You know thats an excellent point-

How miniscule are the odds that the last Ginko Lottery winner just happns to be the same person as the WSE thief?

Its beyond belief really.

So either that guy hacked BOTH.

or something rotten is going on.

new policies today from Ginko's website:

Easier or not, there was always the chance he would lose.

That will acomplish nothing. Further, nobody has any -right- to demand their money back RIGHT NOW. The terms all accountholders accepted, and which are very simple and clear (not a 100 page long contract with fineprint at the end) clearly state this. All have agreed that it might be necessary to wait.

Also, and I use caps because I'm sick and tired of people making threats, NO MONEY HAS BEEN STOLEN.

I was thinking about the lottery lol maybe they made him win lol like how is he gona collect the draw was after he got banned right? heh

For all those with interest in Ginko Financial, here is my advice:

1 (if you believe we are a ponzi) - Send us a note that you want your balance to be deleted, as anyone who willingly participates in a ponzi scheme is engaged in fraud. Yes, if you think we are a ponzi and are trying to withdraw, you are commiting fraud.

OR

2 (if you believe we are broke, and you will lose everything you have invested) - Use your account balance to buy GPBs, then sell them for cash and forget we ever existed.

OR

3 (if you believe we will survive) Take out the longest term deposit deal possible, or get ready to buy GPBs.

its not the investors who commited fraud by investing in the ponzi, they are the VICTIM OF FRAUD and you now say they are the ones commiting fraud,

z0mgz u r the lulz


just ignore the empty bank account behind the curtin, just cuz i have all your money and wont give it back doesnt mean i stole it


rofl ponzi man




Are you offering free cheese for your customers whine>?<!>?

No, I wanted to acquire AVIX because I estimated it was a good asset to hold. The cash from AVIX would not have been used as the GF reserve, except anything people were to deposit at a long term, term deposit, and ginko's cash would not be used for AVIX. The way Allen backed out of the deal was extremely unethical. Not the backing out itself, mind you, but the way in which it was done. If all AVIX accountholders were to withdraw tommorow, AVIX would "crash" in the exact same way Ginko Financial has. I think that is why he backed out, he thought the merger would scare people too much. I cannot fault him for backing out, I completely understand, only for how he handled everything.

The AVIX merger, by the way, was Allen's idea. It was not something I approached him with in a desperate attempt to save the bank, but something he approached me with as a means to benefit both of us, by bringing higher volumes to AVIX and helping stop the panic at Ginko Financial.

The lottery is entirely random. When Hinoserm posted the announcement, I doubt he even knew that the WSE had been hacked. Yes, it's a funny coincidence, but nothing more.

Reading the AVIX announcement it does not sound like he agrees.

Seems impossible to beleive ..

the odds must be astronomical.

Unless he used his stolen millions to buy a large number of tickets.

IBTL

The odds are astronomical but there is a chance it was an unfortunate coincidence.

Meanwhile, I was able to realize that 1+1 didn't equal 3, so I'm not hurting...

Some people accuse of things without understand what those things are. So here I will explain what some of the terms being used against us mean.


The proper definition of a ponzi scheme is:

An investment scheme were people make money by having other people invest in the scheme, who make money by more people investing in the scheme. This done in a centralized manner. Borrowing money to pay interest on an old debt does not qualify as a ponzi scheme, otherwise millions of people and corporations would have to go to jail for it. The key in a ponzi scheme is that the debt -is- the investment, and that this is hidden from investors.



The proper definition of a pyramid scheme is:

A business scheme were people are sold the right to sell people the right to sell people the right to... this goes on ad infinitum, until nobody else is willing to buy the right to sell the right to... sell the right. The important key here is that people are selling the right to, ultimately, nothing. In essense, it's structured begging. It is very common for people to work useless (or wildly overpriced) products into such a scheme. If the product is actualy valued in itself, then it is no longer a pyramid scheme and is simply multi-level marketing, which is entirely legitimate.

With what, specificaly?

I thought he won the lottery and then robbed WSE ?

Wouldnt how many tickets he bought be on record somewhere?

You wouldnt think they would have let him buy tickets after he robbed WSE and bailed.

Nor remove his lottery winnings.

Though I suppose its possible.

--------

Its either an impossible coincidence.

Or

Its incredible timing and luck.

Or

Its just incompetance.

Nicolas, While we have you here, when will people be able to withdraw more that L$5000?

that you werent looking to finance your debts with AVIX money.

This is why people are asking you to explain what Ginko's Assets are. And to explain how you have come to the estimate of thier value.

I can't find the announcement to re-read, but the objective fact remains. The deal was, in fact, to not even release control of AVIX to GF until the bank run was resolved, to ensure that Allen did not get burned.