Nicholas Portocarrero-Con man or Not

For anyone interested, read the thread on Ginko's own site.

https://ginkofinancial.com/phpbb/viewtopic.php?p=1477#1477

It's an eyeopener and tells everyone where they stand with respect to Ginko and your lost monies.

Kiss em goodbye people as Ginko's keeping em one way or another

Sooooo sorry... we all forgot you were the one in charge of the wheels of justice... especially when /you/ feel they move to slowly.

Hmm arn't you trying to enforce Terms of Service and you don't work for Linden Labs? I mean that is how this started..
I think last time I looked they had moderaters who lock the threads and don't need us residents to do it for them...

*smiles ever so sweetly*

touche

one thing that bugged me about it and I have not actually looked at ginko's sites threads is that customers were complaining that the staff or nic flamed them on their own forums when customers asked for some information on the investments etc

Thank you, this is all I've been trying to say in this thread. People are getting screwed and nothing is being done. The person doing is is getting away with it completely. Read the thread and you'll see his ultimate goal.

No resident can enforce the Terms of Service. However, we did all agree to abide by the Terms of Service, the Community Standards, and the Forum Guidelines.

In this instance, a resident has placed themself "above" the rules in an effort to single out another resident. Based on such behavior we can speculate as to whether or not the OP will abide by the rules in the future, or is it strictly situational? Does he only have to abide by those rules that work to his own advantage and disregard all rules he feels get in his way?

Elex can I ask if you have always had a one track mind. What about the body of the thread or does that not matter. Come on man, get a grip on the real problems. Geez

What do you want to do? The only reason their getting mad is because ONLY a FEW are jumping in their S**T. What do you want done. Your bashing them when their trying their best.

You know what, I think the only ones complaining are the ones that want to get their one hundred dollars back. As they said, quit acting childish.

Yeah I have a 6 figure account with them

I don't believe when he originaly posted this thread he was thinking about being above any law or Terms of Service. It's not like Ginko hasn't been a topic of conversation on these forums or others. As to who owns and runs Ginko, its no secret.

I do believe Micheal apologized, sincerely . Which is more than I can say for most of us who say we are sorry...
People make Mistakes, in this case you pointed it out, and the apology was made. Shouldn't that be enough? Or much we continue to drag it out?

For now, what if they close up shop and keep your money, gonna be so nice then? Bet not. and by the way I have 5 figures with them currently, maybe not as much as you but it's mine and not theirs. Agreed?

Why must it always come to name calling?

I have money invested in Ginko, even in long term deposits. And no not 100 L worth.
As for complaining...Yes I believe people have a right to be mad/upset and speak their mind when they have money invested and get round about non answers to very simple questions.

Remember that oh-so-grown-up decision you made to transfer Linden dollars to another resident who either might or might not make a return on them?

If it all goes south comfort yourself in the knowledge that:



Yeah... you placed your own money at risk. If you didn't want to risk it then why did you place it at risk?

hehe you talking about this statement here?

"Please note, you will not gain interest on money that is pending to be withdrawn. "

yeah i read that page the other day it was odd along with the comment that they would delete support tickets and a few other things

They have private forums though and the "investors" are asking for information due to loss of confidence (which happens) the responses apparently were rude and most are saying if they can get their money out they will never ever do business with ginko again because of the way its being managed

Loss of confidence happens in real world and despite any agreements or tos about disclosure when companies are trying to keep their customers one of the first things they do is attempt to release as much informatino as possible regardless of what usualy happens. The key being to get people not to panic or get angry. From what i see they dont seem to care about the way they look to most of their customers so all the customers want is to get away from them hence half the withdrawal issues. Lets face it if it was just a bank run if the customers were not so upset most of what is happening including the mysterious closure of atms etc would not exist it would be a blip and likely no threads would have been posted here. Its the confusion and lack of information which is causing a lot of harm

ah well such is life. kinda shooting himself in the foot meanwhile I can't see them recovering financially or any way just cause of what i have been seeing even at the ginko banks people are hanging around like vultures I got spammed with notecards from competitors when i went to take a peak at the people camping the atms etc. Its well its not just a little bump in the road we are seeing

Elex obviously doesn't take any risks. In a perfect world everyone takes risks, just by getting up each day. What makes it an acceptable risk is the opportunity to make a gain. Given the information given at the initial time of investment, I determined hat this would be an acceptable risk. If all is above board and honest, it would have been.

Suddenly everything changed, interest rate/withdrawal requirements/information about investments, etc. When people started to withdraw their funds, Ginko froze their assets stating that they didn't have any reserves. Well where did the principal go, much less the reserves?

That's all I want to know.

Finance 101 - when you deposit money in an institution that is going to pay you an "interest rate" what you are doing is agreeing that the institution can loan/invest your money out to others. If your promised interest rate is 2% then the institution needs to reinvest/loan that money out at a higher interest rate so that they can make money with your money after paying you interest. You will never get to make more money than the institution does on your money. Money invested in Ginko was invested out elsewhere, seemingly to someplace that it is difficult to call back in.

*looks at watch and wonders when Ginsu Yoon himself will close this thread down and delete it*

And that information is being disseminated by the resident running the operation as quickly as possible.

Just because you have a stuck Impatience Gear which has led to you slagging the fellow in the forums it isn't going to speed things up. Based on what you've said about him he might even consider putting you at the bottom of the pile.

And, as you're acting on behalf of the entire community (you're such a do-gooder) shouldn't you forego any profits you gained as they were derived from what you consider to be an illegal scheme?

Also, as you wish to return Second Life to some prior, or subjectively better form...



Then why did you invest money in an enterprise which would, in turn, invest in real life enterprises? Will you also be foregoing any profits derived from any investments made from RL investments by Ginko?

And places he is unwilling to disclose

Nick's postition would be 1000000% better if he could list investments that could reasonably added up to account for the money.

Elex you aren't employed by Ginko or related to the particulars in any way are you? Or would you even admit it? Obviously common sense is an option here.

Read the transcript and decide for yourself. Especially read the comments.

http://virtuallyblind.com/2007/07/31/ginko-buying-avix/#more-109

If you don't get it then, you never will and I'm sorry for you on that note.

Actually what Ginko investers wanted was an accounting of their invested monies. If the replys from the owner of Ginko wheren't so shaddy no one would question his buisness practices now would they?
Simple straight forward questions avoided at all costs, not only in the link provided in this thread but also in the Ginko forums.
I may not be the smartest person for investing, but I would rather others know about this before they make the very same mistake I did.

The point in time to insist on financial transparency would've been /prior/ to taking the risk. However, declining to provide transparency neither proves or disproves anything, as a resident is under no obligation to provide transparency nor give up their own privacy rights under the Community Standards, Section 4: "Residents are entitled to a reasonable level of privacy with regard to their Second Lives."

Note that the OP has made a claim of a five-figure amount placed in Ginko and yet failed to tell us the amount.

As if it makes a difference I currently have about 28000 lindens being held hostage. What difference does it make if it's 100 linden or 1,000,000 lindens. You are always going around the actual point to be made.

Theft is theft, no matter how you want to hide it. Elex, you've obviously avoided my questions as well, Ginko employee or relative. Odd how you hold others to a different standard than yourself. Sounds familiar.......like Ginko and it's dealings with it's investors.

If all you're concerned about is the terms of service, please look for a thread discussing the terms of service and let us concern ourselves with what the original post or OP was about. Thanks for your observations and comments, but please get a grip.

Wouldnt that fall under reasonable level of privacy as well since its his money? I mean...its not your money he has in Ginko or on his Avatar. But it is his money being held by Ginko, so he has a right to ask.

Btw lmao you need a better hobby than quoting the Terms of Service.

Edit to add .. Flame away, Im going to bed Im sleepy and the Terms of Service caused it!