Can we trust SL banks? PLEASE READ IT

Can I open a bank, attract people with daily interest, take the money without give them back and be unpunished?

Can I open a bank, attract people with daily interest, take the money without give them back and be unpunished?

Sure, as long as you aren't seen standing near a random number generator.

(edit to add: sooner or later, someone will will get angry enough about this to pursue this kind of theft in the real world. LL will presumably be forced to hand over the necessary information when that happens.)

A question for those who do invest in SL 'banks': Would you feel comfortable opening up an 'account' outside of SL with an individual, perhaps via a website, offering banking services? I'm not surprised LL won't get involved; I'm finding it very hard to describe my thoughts without offending those who do invest in these 'banks', so I will just say one thing: CAVEAT EMPTOR!

The owner send to the customer a note card explaining the reasons of the incident. The message say that the ATM due to a hacker attack went down a so all the accounts with the transactions are lose and he can't give back the money.

So, what this does mean?
Can I open a bank, attract people with daily interest, take the money without give them back and be unpunished?

You're completely right. I've never personally invested in these banks, for the same reason I wouldn't go to some random website on the internet and start forking over money. Hell, I get ansy when I have to pay like a couple bucks for a membership at alot of websites...
But, still, doesn't LL feel they have any responsibility to take this guy/girl down when they are doing something like that? I can see if it's a one person's word against anothers type of thing, but this is something that this guy/girl put a GROUP of people through, all of who can say, yes he stole our money. I don't wanna argue the point, I just think LL needs to take responsibility on this level...allowing him to continue operating businesses in SL is saying it's OK in my opinion.

I still have the bonds Mr Ginko gave me.

So they're not entirely worthless, then.

It's not worth much, but I think those people SHOULD be punished if it's on that level. Lil transaction squabbles are one thing, but allowing residents to give you money in large amounts in faith you will return it to them and then NOT is crazy. In RL it'd be highly wrong to do...LL or LR or whatever they callin themselves these days needs to step up to the plate and take a lil bit of responsibility towards their customers.

Linden Lab has noted the appearance of resident enterprises that are similar to investment funds, stock offerings, and banking services. We applaud the continued innovation and entrepreneurship of our community, and we think that many of these services can provide great benefits to Second Life. Because some of these matters seem similar to real-world activities that are heavily regulated, we are often asked what Linden Lab can do to ensure that the services operate as promised and in compliance with applicable laws. As with any resident-run enterprise, please keep in mind that Linden Lab does not own, operate or insure these services. As with any transaction among residents, Linden Lab has limited responsibility and ability to resolve disputes.

Our Roman friends used to say: Caveat Emptor. That's certainly a good principle to keep in mind. It's also good to remember that Second Life is based on creativity and innovation, and community and collective action. We hope that educated skepticism and buyer demand will lead to trusted institutions that can provide many of the benefits of a regulated system.

I want to post this message as a disappointment to the linden lab policy system and about his report abuse (the famous "big 6". The lindens explicit write that they will not take action against money thief or other business fraud. Few days ago a bank system (the LZ Bank owned by Letum Zuma) has been closed and all the accounts has been lose. The owner send to the customer a note card explaining the reasons of the incident. The message say that the ATM due to a hacker attack went down a so all the accounts with the transactions are lose and he can't give back the money. The fact that a bank can lose all the records of their customer is ridiculous, the other fact is that the tracks aren't lose at all. If you log in via browser and look at the money transactions it clearly show that a member pay this guy through his ATM (there are date, hour, transaction number,how much you pay, everything....), it should be a sufficient prof to ask the lindens to take action.
If you send any messages to this guy he won't give any answers.
I meet just yesterday with others members that lose money as well and they say that even before this happen it was not possible to withdrawal money from ATM, when a panel near it clearly say that was possible to do it every day.
Naturally people ask him what's wrong and naturally no answers were sent by him.
So, what this does mean?
Can I open a bank, attract people with daily interest, take the money without give them back and be unpunished?
Without an efficient feedback system, Can I do the same thing over and over again?
Are the lindens guy ignoring the fact that their world isn't just a game but have a parallel economy within? (At last ebay give to the users a minimum amount of security an trust with their feedback system, it's that difficult?)
Have the managers of linden a minimal idea of how an economy should work?
This kind of fraud it's not damaging only the people that subscribe an account but even the people that want to open a similar business and doing it honestly, people will not trust the SL economy any more.
I want to finish with the question to the community, does a police department that resolve those case?

Thank you for your time, for the patience of reading this post

I apologize for any grammatical errors...