The King is Dead

Oh look who back posting. How are thoose bonds going? People still falling for your BS?


I thought you said you was done with these forums? Of course from your track record what you say and what you do are not the same thing right...

Repeat after me:

"A bank is an investment. A savings account is an investment. Both carry risks with them. People have lost their entire life savings in them. They have had their savings forcefuly devalued in them, sometimes by the government itself."

If you think "Of course not, if the bank doesn't pay me instantly I'll just scream and the cops will get me my money.", I pray that you never live through a real banking crisis.

Whoa.

*doubletake*

Ah, how is it that nobody has lost a single cent?

so they removed the USD from the world market?

Nick or whatever your name is.... You can try to talk a slick game all you want... GAME OVER. The people are now on to you. You will never have what you once had. It's over. The only reason some of these people even still even act as if your a human is because they will do just about anything to get their money back which I am sure you will attempt to take them on what ever trick you come up with for that. Your a scam artist simple as that. They come in all walks of life, your nothing more then another version.

What needs to happen at this point is all these people who lost their money need to go hire this guy to take you to the yard.

http://www.youtube.com/watch?v=kJPci04W4qs

People get what they deserve... Remember that clown.

When people had account balances, they owned a debt asset. They still do.

Ever heard of deposit insurance? What with the way you handle your finances, one might wonder. Yah yah, tell me about the S&L malfeasances and subsequent collapse of many S&L's in the 80s, but remember, the federal government subsidized most of that 150 billion.

Furthermore, you're not a bank and you never were.

EXACTLY>.......


Let me say one thing....

FDIC... I rest my case. Of course now he's backing off the whole bank name thing now that he's been called out on it. However he had no problem using the term bank to get people to drop their Lindens in the ATMs.

White collar crime is still crime, it still draws prison sentences, and most importantly, RESTITUTION.

Of course, here in the US, Club Fed is actually pretty nice; not much like a prison at all, if you can discount the guards and bars and fences. However, you're in Brazil, right? Your incarceration there may not be so cushy. Still, I maintain that you don't have much to worry about. It's just play money in a toy bank. An expensive lesson for those who trusted you, to be sure, but not for you, thankfully.



You SHOULDN'T be surprised. People aren't outraged over losing money due to a LEGITIMATE RISK. They are outraged over losing money due to an ILLEGITIMATE RISK. I don't have a problem with my my high-risk investments losing value, as long as my money REALLY WAS invested, instead of being given to someone else to cover their same high-risk investments which also lost value. The other problem is that you sold Ginko as a BANK, not a high-yield, high-risk investment fund. There's a BIG difference between the two types of institutions, and you blurred the line between them; intentionally or not, I think that your depositors-cum-investors would have a case against you if this were a RL situation.



Even if this were true (it isn't; people who have cashed out their bonds already lost more than "a single cent", you omitted the most critical word... "yet".

Actually, I think I was the one who brought up jail above, But ONLY if you are found Guilty of some wrong doing, and i have always acknowledged that is not the case Yet.
It's fairly Easy to say no one has lost their money, but the Fact is, your investors have Lost Confidence because you have given them No way to Track investments, and it's come back to Bite you at a time of a cash Flow shortage. The shortage Could be completely innocent, But the Secrecy, and Evasiveness you have presented has done Nothing to restore their Confidence. This isn't about your Ego. You have a responsibility to your investors to Maintain Their Trust, and I'm afraid you are failing to do that. I don't know if you read my Post above with regard to your bond Plan, but i think you should. Since your investors Already beleive they have cause to be suspicious of your dealings, then the Action of the Bond issue takes on the Tone i have outlined above. I don't know who advised you to go that route, But it WAS Bad advice.

The Investors money, in their eyes IS lost because they have NO idea where it is, and the ONLY person who can tell them is Playing games. Think Very carefully about your next Move.

Angel.

I know where he invested his money.

He invested it in himself! Are you people that blind to not know that since he won't state where he does invest and still won't?


Luckily, I pulled out all my Liquid assets in June, and did make money off of it.

Actually, the only thing they ever owned, then and now, is a virtual IOU from some anonymous yahoo on the Internet that they blithely got suckered into giving their money to. Now, they've had one form of virtual IOU forcibly replaced with another with even less vehemence in the repayment terms.

To actually "own" anything, there would have to be something that would hold up in a court of law, like signed contracts. Some may try to make a case out of "implied" common-law contracts, but there's little to no precedent for such, esp when it would come to trying to register any judgment in their favor against a citizen in another country.

Banks in the USA are insured by Government and you are going to get all your money back, unlike in Corrupt Brazil.

I used to back you up, even a couple of days ago, but you don't know a damn thing about anything.

He's just on here now for kicks. The dude thinks he's out smarted everyone and is running high on it but something tells me there is alot going on in the back with some lawyers. I think he's got some surprises coming very soon to take him off his high horse.

Well, it would be nice to dream, anyway.

However, I think the cold, hard reality is that there is little chance of anything significantly bad happening to Ginko or its principals.

Yeah and the more he talks of ownership, the more he pushes this from the virtual world into RL.

Guy talks too much for his own good.

I have no idea why he would even come on the forums and try to trade shots with people considering the position he's landed himself in.

I've lived through a real banking crisis in fact and I didn't loose a dime. funny thing is even though this bank had to merge with another bank to save things and no longer actually exists not one single person with an account in that bank lost a cent.

Actually, only up to $100,000 is insured by the FDIC. The important part, though, is not the insurance, but the regulation to prevent its need. Remember that it is an INSURANCE fund, which means, though it is backed by the government, regulated banks have to pay into it an insurance premium commensurate with the risk assessments of their activities.



Oh, I wouldn't say that. He knows very well how to separate foolish folks from their money, and to milk it for all it is worth.

actualy getting used to this guys double speak he is right nobody has lost a single cent because he deals in lindens not dollars and cents ..

one minute his bank is a bank and the next its a high risk investment he has of yet to actually stick to one single story so i would not be surprised if this is the true meaning he has behind "no one has lost a cent"

even if he can`t be nailed for stealing money, i`m pritty damn sure he didn`t keep all his records up2date for taxes and that his local goverment would be very interrested in this lil venture at wich a group can make a claim for the money

kill a person here and u get 2 to 5 years, steal a couple 100rd grand and they throw in a coffin for free for not paying taxes...

he's talking about dollars and cents not lindens I figured him out the last string of posts. He plays with words and has fun doing it too! lol

Action: Lock
Reasons: Trolling, Private Discussion
Source: AR

It's not right to attack people.

Forum Guidelines

Weird.. can I actually post to the end of a closed thread?

Right and wrong are complex and subjective; shine the light at it in a different direction and it changes. So it is the status quo we should look to modulate.

To attack people, to tear them apart, to back them into a corner just to watch them squirm; these things should not be part of the status quo. The Community Standards were written to protect people from such mistreatment.

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I was editing my post. One of the annoying features of vBulletin, not even mods can edit their own posts when a thread is locked; but we can still post on the thread.