Are you able to withdraw money from The (Linden) Bank?

Its also partly Lindens fault, they market their system as an economy, and than go and add land and make the land market tank, which apparently effects these in world banks, and everyone else...Linden should not escape blame to some extent.

Linden Labs does what is best for Linden Labs to stay afloat. If flooding the market to make land more accessible to players is beneficial to Linden Labs, so be it. Forget the blame game. It's just something you have to live with. The blame is on people who take these risks, especially the ones who do it knowingly. Accept responsibility for your bad judgment.

They might just have had a lot of computer hardware on hand and ready to go and wanted to get all the inventory they were sitting on off the books as pontential income and into the "Paid" catagory for accounting purposes.

A lot of places rush deliverables like that before an audit, etc.

In the Ginko failure, there was a lot of "blame the victim" on the premise that the depositors were all greedy for the huge promised returns. But I think this illustrates just how wrong that blame is, for the majority of investors. Most deposits in Ginko, I think, were made without much thought of the rate of return, just because we all learned from an early age that "a penny saved is a penny earned," and to put our money in the bank. Sure, everyone should have known better; everyone should realize that a "bank" in SL is just whatever the hell the owner decides it will be. But not everyone realizes that until it's too late.

It may be fair to label SL "bank" depositors foolish, but not greedy--not always, not even usually.

Yes blaming depostors is not a good idea. People are seeing the word bank and not everyone is going to analyze everything and will read the info and believe what they read. Lack of trust is something that grows in SL but in general in real life if we see a bank we know its a bank and we go use it as one. There is large number of SL users that have never tried another group/game/MMorpg/platform thingy like this and are unaware of the pitfalls.

I needed to save up money for a venture, so I put it in the bank - just so I wouldn't spend it all shopping. It would not have mattered to me if they didn't give me a penny in interest. It sucks now that all of it might be gone.....

you might want to try what I do

I put it on the lindex so its not in my pocket just at a price I know wont sell waaaaay at the bottom. That's my bank when i'm saving up for something.

Or give it to an alt but the lindex works just fine for me right now i have 30k for sale at 247L/ dollar it will stay theer till i remove it

Yes the High risks funds use the term "Bank" on purpose - becuase bank implies that its low risk.

You know what is horrible? they are still accepting deposits!!!

I tried depositing 1L anfd they took it. Still no withdrawals. People could still be depositing funds with no idea something might be wrong. That is just not right.

Well sure if people are just going to GIVE them money ...


On a side note - Im disapointed in LL for letting things get to this level.

I see now that those who argued for a long time that SL should move to a Direct USD economy had a very good point.

Alright - n ow I am really frustrated - I got the withdraw menu to show up, so I withdrew all my money. Guess what! my balance shows as 0L, but I didn't get paid a single Linden. I logged off and on. Nothing! Grrrr!!!!

Wow. Sorry to hear of your bad luck.

Contact the Bank management - its the Only thing you can do.

Short of suing them. Which doesnt make sense for the ammount of money you stated.

oh dear i'm having flashbacks now..

camp the atm. Get the money out if you can and dont stick it in any more of those "banks" and tell everyone else you know to do the same and hope he doesn't convert you all to bonds and shuffle you off to WSE or just go poof. Either one is just as bad but ..

*more flashbacks*

*runs*

Sounds like you are late to the run! So sorry.

I have a related point which makes a Link to "The Bank" owned by Jasper Tizzy. I know it has many branches. Yesterday Morning a Large Mall co-owned by him and one other disappeared overnight. In fact I logged off in the mall the previous night and logged on in rolling hills, the land being up for sale by an un-related company. Some renters had only just taken up spaces the night before and all the money invested by renters has disappeared. Searching the group membership Jasper had removed his name from the membership list . Neither party has been online to contact and no messages have been sent by them, so I would say if you have any money Invested in "The Bank" it may not be in a safe place right now.

I am extremely disappointed that LL has still not acted to protect residents who might be unaware something unsavory is going on.

LMAO Whats more disappointing is that people keep putting their money into these fake banks! What is wrong with some of you? Are you blind?

Yeah, but this one it bothers me as apparently it was named "The LINDEN bank" which could have been mistaken by people for being associated with Lindn Lab and legit.

Just becaus we are "lucky" to be able to catch these things and know not to go near it with a 10 foot pole does not mean every does, and they shouldnt be laughed at.

Jesse, I see your point. But I think that the reason these guys got away with that name is that the currency they were dealing with is Linden Dollars, commonly called "Lindens". So, the owners could say "Our name just says what we do...we're a bank for $L"...while the unsuspecting depositor is lulled into a false sense of security thinking that the bank has some sort of official connection with, or is sanctioned by, LL.

At least this guy is an honest crook, he just took the money and ran, didn't try to scheme his way out of the blame.

Yes, that is exactly what I was saying. Id bet thats why they were allowed to use the name, but its still bothersome to know that "unsuspecting depositor is lulled into a false sense of security thinking that the bank has some sort of official connection with, or is sanctioned by, LL"

...and people claiming you need ESL among the worst.

I went to the main branch of "The Bank" last night, as I was one of the vendors who lost money when the mall went poof. There was a button to page Jasper Tizzy, and I did. He answered me almost immediatly, listened, was sympathetic, and paid me back the money I had paid to rent a shop in the mall not 24 hours before it went poof. He said he wasn't hiding at all.

I'm not defending him, he could have disappeared right after we spoke.

The main contact for that bank is Jasper Tizzy, though. You might try contacting him directly.

Good luck with that. I am careful about giving my money to anyone now.

I am not running any Investments schemes, scams or otherwise. So its completely irrelevant. You simply trolled my post.

I have IM'ed Jasper twice and dropped him a notecard too - no response, so far.