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

As this is a financial dispute between residents it's highly unlikely the Lindens would get involved (see Section 5.1 of the Terms of Service) no matter how big or small any potential blip.

As soon as possible.

Nicholas, i am just a spectator in all these goings ons. But i am impressed with the amount of effort you have put into keeping Ginko going. Not to mention that jumping into the fray on this forum can't be any picnic either. It speaks well of your character. I wish you the best of luck in getting this settled to everyones satsifaction.

If he runs and keeps their money its no longer a "dispute" its theft everyone is saying its a ponzi scheme ( I dont think it is as it doesn't have the elements of one I think its a case of to much being promised and bad investments) so if its a ponzi scheme the guy will take off with the money so then the money is stolen. It was a place to store money (lord knows why people do it other then to just experiment but..) hence if he takes of with money that they are entitled to its theft so tos doesn't apply to theft if it did apply to theft stolen lindens being sold on ebay would not result in frozen accounts etc. Stop using tos like a bible cause in some cases you dont know all the fact and neither does anyone else.

if enough people report their money stolen a few things can happen. If they report the theft to the "internet fraud squad" as I call em other things can happen. Again its not something I would suggest because I dont think theft is going on here but a lot of people claim it is.. so that is the solution lol

I'm still here, and as unpleasant as the situation may be, it's fully within the scope of our agreement with all accountholders. As such, anyone that goes around screaming "YOU STOLE MY MONEY!" is engaged in slander. In fact it's more than slander, falsely accusing someone of a crime is itself a crime.

that's fine and in all honesty I dont care that much anyone who would stick every linden they own into stock or anything like a bank in sl is simply asking for trouble also i'm not threatening some people wanted to know what to do that's my suggestion AND if you read my post i said that its not a good suggestion but if you really really want to get your money back report it stolen and see what happens. Now read my posts ALL of them i'm one of the few who said I doubt this is a ponzi scheme and that if anything it was a bunch of mistakes due to possible inexperience and the volitility of sl AND I had told people BUT WAIT YOU DONT READ not to make it a self fulfilling prophecy and put the bank under.

In sl there are many problems

1) the community is small enough that it can galvanize around and issue and make it into anything it wants be it good or evil if there is enough concern.

2) we have no facts we have no crystal balls and the internet is less transparent but one thing that a portion loves to do is incite "panic" because its the internet and its entertaining


also i think you need to kind of read what people write cause there is not one single threat on my part. I dont put money into the sl banks because they dont seem to be stable this is sl's fault anyone wanting to do so its their dime so its up to them. I have not as of yet made a single investment in wse even in some of the most heavily supported things because EVERYTHING in sl is unstalbe and controlled by an outside source named linden labs. They print money at will and release land at will hence anyone making an attempt to make anything that runs on the basis of backing money with intangible things and even tangibles like land has at most 2-3 months to look forward predictions wise. So if the investments are made the longest time span anyone can have any piece of mind at all is 3 months

again WHERE do you see me threaten anything i suggested and put NO dont follow this and I problably should not post it but I will because not everyone has life experience due to age and what they have done in life. I have had tons more then the average person even my age because of what I have done in life which makes most people's lives look like a sheltered picnic in comparison of things experienced. I have seen a lot of things close up and I know what works including how to deal with internet fraud and get it noticed. Again I have said at this point there is no real way to tell from what you reveal or don't reveal. There are no books not much in the way of names that can be traced or found we only have your word but as i have pointed out we only have the word of others. The only word on this forum I CAN COUNT ON is in fact my own.

one thing is for sure you just twisted my post which means
a) you didn't read it
b) you dont understand english
c) your trying to hide something

so anyhow having said that good work with that lol

no Elex has a point.

Theft? What Theft? Thats how LL policy will see it.

From Linden Labs point of view as soon as the Lindens are transfered then they belong to the receiver not the giver.

Any promises to repay are not part of the TOS. It is, as Elex said, a dispute between residents.

In addition, Linden Labs has made clear that the L$ isnt currency. And shouldnt be seen as such.

They may make an effort to help people victimized out of goodwill, or so that more scrutiny isnt paid to this policy, etc.

But if someone did close up shop and keep money from some investment scheme, its possible Linden Labs would be breaking their own rules by providing the person's identity to angry investors.


-------------------

As far as Ginko goes - it does seem to posses one definite Ponzi trait. It uses the money of new Investors to pay the promised interest to older ones.

Now if its Legit as its supposed to be, it had to do that becuase its investments are not liquid, but the assets once matured will have a value that on average grew fast enough to cover the crazy high interest rate.

Good luck prosecuting someone for that.

nice but you dont have any of my money and i didnt say that you stole it but you can try to accuse me of slander if you want.. i didnt even say you stole money i say to report it and make no waves.

you look like your panicing one thing is for sure YOU DID NOT READ what i wrote

next its not a crime slander is a civil issue you would have to take me to court but i never said any money was stolen BUT if they suspect it was they can report you to the internet fraud squad like it or not ITS THEIR RIGHT TO SEE IF YOUR TELILNG THE TRUTH OR NOT

based on your reaction you are panicing and but meh that's me lol have fun with that

where I am its the RCMP and I have done it before plus there are online forms that can be filled out all someone needs to do is start the process and post the link for others to sign on and you can and will be investigated in the USA or any other country that has had enough signatures ( I saw USA because its the largest base in the game) but realize the way your reacting well this is resident answers and peopel came for information and a SUGGESTION was made no threats have issued forward this is a discussion board where suggestions of how to protect yourself or deal with resident issues are put forward. I put one forward people can take advantage of it or not its THEIR RIGHT to protect themselves

again where you see slander or libel is beyond me people can get advice here that's what this board is for so if you want to take me to court to clear your good name over a suggestion of an action to take on a resident answers forum please be my guest..

yeah but at the same time i would be reporting it to the "fraud squad" me anyhow last time this happened was with a false charge made by a gaming company actually it wasn't much but the company needed to clean up their act. We contacted the company err can't even remember the name only the game which really sucked lol we all filled out an online form for the state that the company operated out of and well although its taken a year about 2 months ago we all got our 9 bucks back and a letter from that state. In that case we had not much info to go on as well. I think if its proven as theft (although at present the guy has not fled nor do i think its a ponzi scheme ) then LL would have to freeze the acounts and react just like they do with when some guy takes a bunch of lindens and sells them on ebays from some character's account. In this case its not so easy first they would need to prove theft and the only way I know to prove it is to report it both to LL and to whatever governing body people choose to deal with in this event. Since the company is based I would probably go with the state that LL "lives" in.

again probably not the smartest of moves but its one that people can take if they so choose and they can choose collectively as a group if they want.

How would having a pretend name affect a slander suit? Just curious. I guess it hinges on any known connection between pretend identity and RL identity (because that's the only way it could negatively impact one's RL reputation).

Anyway.......

I did read what you wrote. Perhaps you do not understand that I was addressing the merit of what you advised people to do.

Considering that Ginkos poorly defined assets are all not liquid and most are Virtual to boot ..

It would have a hard time proving in court that the "Slanderer" didnt have a reasonable reason to say the money was stolen.

Not to mention the added complexity that The money stolen is offically not money, etc.

And that I doubt Ginko is a licensed financial institution in any country ..


Youd probably have an easier time prosecuting me for calling you a Panda Bear. (or whatever that Forum Icon is)

nice touch herm now i'm leaning towards the ponzi thing now cause you wont refund their money if they send a notecard you will delete the balance of the account AND KEEP THE MONEY

umm

*nevermind*

Huh?

exactly

Thats assuming its actually money and not just an IOU.

You'll be hearing from my lawyer Missy!!

I take your point about the Ginko situation. I just wondered whether it was possible to sue somebody for slandering a pseudonym which nobody would associate with your RL identity anyway. (Therefore, a pseudonym of anonymity.)

That I dont know.

Its an interesting thought.

Usually I thought Slander and Libel involved some financial loss attributable to what was said. Im not sure on that, though.

Well I could stick the IOU in a BIAB

Well, libel is the written word and slander is spoken; so any suggestion the latter occurred in this thread is erroneous.

Well Nicholas if you are still around you have not answered any of my posts either here or on the Ginko web site. So allow me to precisely sum up some issues and concerns

1) You are now holding nearly $750,000 US dollars at the Linden dollar average exchange rate. I accept you have produced a balance sheet detailing your Second Life investments, are you prepared to outline your external investments thus enabling folks to take a view on Ginko's solvency. At the very least this information would enable people to "price the risk" on your bonds.

(Please spare us all the argument about Linden Dollars not being a currency. You and I both know and understand what "Fungible value" means)

2) In my earlier post I outlined the public domain information relating to Ginko's share holding position in the WSE standing at about 35%.In the real life UK stock markets (unless a special waiver is agreed) any shareholder of a PLC owning more than 30% is usually obliged to mount a take over bid. Is it your intention to mount a hostile take over, and/or negotiate a transfer of control in terms of management of the WSE from Luke to you.


3) As an alternative to (1), and taking into account the fact you may have confidentially agreements with your external first life Ginko investments, are you prepared to produce a full set of Ginko accounts and pass them to a registered accountant (based in the US or Europe (EU)) the accountant then expressing a view as to Ginko's ongoing viability in terms of assets vis-à-vis liabilities to account holders.

4) In the past Linden Labs have supported your business via comments in the media, in particular I note Gov Linden has expressed supportive views. Do you still enjoy Linden Labs full support.

5) Are you entirely satisfied your business is legal in the strict sense of not being involved in terrorism, drugs, under age sex, or money laundering

If I see some satisfactory answers to these questions posted by you on this BB I will personally consider making a large deposit in Ginko to aid short-term liquidity. I am sure other people may also consider that too

Regards

John

I was not threatening to sue anyone for slander. I was merely pointing out that accusing me of a crime, when in fact I have not broken any agreement at all, makes you (and I am NOT talking about anyone in particular here) the bad the guy.

Oh cut to the chase and show people why they should invest in Ginko, and stay away from the petty crap like slander. Show us the money.

People (including me) have been calling Ginko a ponzi scheme for nearly two years now. Not because it had any financial difficulties, but because it was offering absurd interest rates that were simply not possible for a legitimate bank to pay.