The Pontacarrero scheme continues....

wrong thread i mixed up my ginko's

No I don't. Please provide a detailed definition. Use of graphics is optional, but recommended.

Actually, as a RL linguist interested in new words, I find the new Portacarrero Scheme as a derivation of Ponzi Scheme HIGHLY interesting....seriously!

Very much aggree Luke is know for doing things just like this

can you specify this, tristin?

I agree up to a point. Nich isn't allowed to buy the bonds and retire the debt but nothing stops him from using alt accounts to aquire the bonds. What good would it do him to aquire the bonds? Well if he held enough of the bonds he would be paying himself interest and assuming he still has sizable assets outside of SL he could continue to aquire bonds, cycle the money outside of SL back into Ginko to pay the interest and once he owns all the bonds he will eventually have enough L$ to retire the entire bond debt thus owning all the assets for himself

I just wish portacarrero was as easy to remember to spell out then ponzi as of yet I still have to copy it from the other poster or go back and find the name so i have settle for either Portobello or Porto Potty which is close enough..

LMAO

yeah, i agree its a little hard to spell right every time, in fact if you notice i myself mispelt it in the forum title.

Its still shorter than -

"Rob all those idiots in SL blind and laugh all the way to the bank"

which is what I heard Nick P calls the scam.

Will you ever stop trolling?

Will you ever tell people what you did with their money?

lol@ last 2 posts.

Nick, please stop posting here. I know it kills you to not respond, but you are not helping your cause. It certainly does not make you look more professional. Maybe you should not even read the threads since you can't help but respond. Just a suggestion.

I think [redacted] should just state the whole thing was a scam. Then he goes from running a failed bank to running the most successful MMO scam ever.

Well no one can do anything except start threads and hope not to get them closed and banned because there no recourse for anything else to be done.
The theory is depositers gifted there money but were under the illusion that there money was be kept for save keeping.
He lied and people are upset. He said they get their money back what he did was send it all the depositers money to WSE making them fictional and worthless.
We have no clue if WSE is just alt account and another scam.
I have hunch it most likely is.
WSE now has a bunch of forced depositers. How convient. Sell out get only tiny fraction of fictional funds back if you're lucky.
I wonder how long this thread will be around before its closed.
Is it against the rules to take bets on forum post? I bet one fictional dollar no one cares or will close the post. If I lose I don't have to pay you because its fictional anyway.

The WSE is not an alt of Nicholas that is certain, Luke Connell is a lot more respectable than Mr Ginko and he lives in Melbourne, Australia so will be a lot easier to track down than Mr Sanchez. In fact Melbourne is only a $200NZ dollar airfare away from my city (Wellington, New Zealand) and i actually use to live there (for 3 months) as New Zealanders all have honorary citizenship in Australia and vice versa.

I am 100% in support of the WSE and have a fair amount invested there, sure some may see it as gambling, but if you know what your doing, the odds are highly in your favor, better than any casino thats for sure.

I just don't understand nor trust the situation. I wish my friend had the opportunity to get her money back though. I don't know when we buy lindens legally there certain things we can do with them.
I don't know if I want to trust a company that says your money is fictional and we got all your bank deposits that were told they would be returned.
Doesn't inspire confidence in me personally.
I can understand the Ginko bank users who were forced to have their accounts there having no choice what happens now but who in heck would willing use this service other then someone who just doesn't care what they lose money even virtual money.
If its so virtual and fictional why not just give us fictional money to use for trading that has no value?
On top of it I don't remember ever giving Ginko permission to give WSE my email address either. Anyone else?

I dont understand this meme: the 'scheme' here is not for Nich to buy back his debt for pennies on the dollar. The debt is completely securitized at this point, and he owes nothing except the 3% every quarter.

The scheme here is that he now collects profits off the trading fees on the exchange which he is 34% owner of.

I see no evidence even a single share was repurchased, but it simply may not be displayed at WSE.

I don't think that the point.
People are upset because once they were told they get back the cash they gifted the bank, later they are told its becoming bonds without their consent.
Either way in my opinion all who were involved in finicial matters, including WSE has lost trust and standing and anyone who become involved in them business wise willingly is just plain saying please steal blindly from me or my fictional money grows on trees and I don't care if you lose it for me. I have another friend who spent long time saving 37k who is disabled in real life, she lost all her money and was given bonds. Another spent real money to be saved in Ginko over 350 usd and now because of them being forcefully changed into bonds they are worth 50 usd if she cashed out and accepted 15k of fictional funds.
Its not good deal anyone who believes its good deal deserves to lose every dime they own that has been lost up to this point in the scheme that has been lost.
Buyer beware, because LL won't get involved nor cares. LL only cares if you steal from them. Basically the whole situation was presented as good and secure deal some people were new and didn't know better. Heck I was even told by well known popular business owner I should save my weekly stipend in Ginko. I am glad I didn't listen and removed my funds when I did and never returned.