Second Life Forums Archive - Second Life Hits CNN Again

Tybalt Brando

Catalyst

Join date: 25 Dec 2006

Posts: 347

05-21-2007 06:14

Short video piece. That had to important messages.

1: Some British Group, The Fraud Advisory Panel or something has decided that the sky is falling and that they're need to be regulations on L$ Exchanges so help prevent fraud. (They mentioned they have no proof of this happening now....but..but it could!!!!. Fraud Advisory Panel, Jack Thompson, American Republican Party the same people? I don't know. But you never see then at the same time)

2: Field Fisher Waterhouse is apparently opening a real law firm in SL and is seeking out clients. Oh great. Here come the E-Lawyers.

Livinda Goodliffe

Squeaky Wheel

Join date: 28 Dec 2005

Posts: 215

05-21-2007 06:24

From: Tybalt Brando

Short video piece. That had to important messages.

1: Some British Group, The Fraud Advisory Panel or something has decided that the sky is falling and that they're need to be regulations on L$ Exchanges so help prevent fraud. (They mentioned they have no proof of this happening now....but..but it could!!!!. Fraud Advisory Panel, Jack Thompson, American Republican Party the same people? I don't know. But you never see then at the same time)

2: Field Fisher Waterhouse is apparently opening a real law firm in SL and is seeking out clients. Oh great. Here come the E-Lawyers.

It doesn't take a genius to figure it out that you could do it on Casino websites, Porn web sites, WoW, Entropia, The Sims Online...hell, t'would be easier to do it the old fashioned way: fraudulant banks and dummy corporations.

Oh, and you can hire Field Fisher Waterhouse to make sure the Feds are invading your illegal activities legally and by the book.

http://en.wikipedia.org/wiki/Money_laundering

Ciaran Laval

Mostly Harmless

Join date: 11 Mar 2007

Posts: 7,951

05-21-2007 07:13

From: Tybalt Brando

1: Some British Group, The Fraud Advisory Panel or something has decided that the sky is falling and that they're need to be regulations on L$ Exchanges so help prevent fraud. (They mentioned they have no proof of this happening now....but..but it could!!!!.

Yeah this was last week or the week before, money laundering and such like. I think they were talking about taxes too on virtual world income. I'd imagine they mean when people cash in. That will be a fun one to watch.

Har Fairweather

Registered User

Join date: 24 Jan 2007

Posts: 2,320

05-21-2007 07:37

I doubt money-laundering through SL is a problem now - the customary $10,000 trigger point requiring banks to notify the US government of a transaction would be about L$2.7 million. But as SL grows and the money in it grows, it likely will be a problem. They're just anticipating, I think.

As for taxing income in-world before it is converted to RL currencies - a fool's errand. If they try, it will be fun to watch. [grin]

yeeck Brickworks

Registered User

Join date: 29 Oct 2006

Posts: 123

05-21-2007 07:40

OMG!.... so much of problems,, by the way, u guys, got any idea on what is the maximum zeros u can have in L$? i am sure that thee must have a limit u can carried them in your pocket

Broccoli Curry

I am my alt's alt's alt.

Join date: 13 Jun 2006

Posts: 1,660

05-21-2007 08:35

From: yeeck Brickworks

OMG!.... so much of problems,, by the way, u guys, got any idea on what is the maximum zeros u can have in L$? i am sure that thee must have a limit u can carried them in your pocket

Plenty more than I have, that's for sure.

Broccoli

_____________________

~ This space has been abandoned as I can no longer afford it.

Dnali Anabuki

Still Crazy

Join date: 17 Oct 2006

Posts: 1,633

05-21-2007 09:31

From: Har Fairweather

I doubt money-laundering through SL is a problem now - the customary $10,000 trigger point requiring banks to notify the US government of a transaction would be about L$2.7 million. But as SL grows and the money in it grows, it likely will be a problem. They're just anticipating, I think.

As for taxing income in-world before it is converted to RL currencies - a fool's errand. If they try, it will be fun to watch. [grin]

I did notice that two people bought over $800,000 USD in sims in the new continent; many others spent in the $200,000 range. That would be a good way to clean up money.

Also, I claim SL expenses on my Corp account..it is a very real tax environment for us. And I'm sure IBM, and other corps are claiming expenses as well. Setting up a business in SL is just like RL and you can claim your expenses as business related.

Angelique LaFollette

Registered User

Join date: 17 Jun 2004

Posts: 1,595

05-21-2007 09:55

From: Tybalt Brando

Short video piece. That had to important messages.

1: Some British Group, The Fraud Advisory Panel or something has decided that the sky is falling and that they're need to be regulations on L$ Exchanges so help prevent fraud. (They mentioned they have no proof of this happening now....but..but it could!!!!. Fraud Advisory Panel, Jack Thompson, American Republican Party the same people? I don't know. But you never see then at the same time)

2: Field Fisher Waterhouse is apparently opening a real law firm in SL and is seeking out clients. Oh great. Here come the E-Lawyers.

Slow news Week, I guess CNN ran out of ducks stuck in storm drains and dysfunctional celebrities to scintillate thier Viewers.

Angel.

Raudf Fox

(ra-ow-th)

Join date: 25 Feb 2005

Posts: 5,119

05-21-2007 11:46

The clip did further enlighten us as to why we are now going to have a "selective verification system." They wanna catch people who are doing their laundry! *ducks* Because they want to catch people laundering the money through the site. Umm.. yeah, that'll work, given that we can CHOOSE not to verify. So, another 'reason' shot down.

_____________________

DiamonX Studios, the place of the Victorian Times series of gowns and dresses - Located at http://slurl.com/secondlife/Fushida/224/176

Want more attachment points for your avatar's wearing pleasure? Then please vote for

https://jira.secondlife.com/browse/VWR-1065?

Maera Sands

Registered User

Join date: 15 May 2007

Posts: 1

05-21-2007 17:28

Why am I not suprised that Jack Thompson's name is up there? Isnt he being investigated for fraud himself?

Cocoanut Koala

Coco's Cottages

Join date: 7 Feb 2005

Posts: 7,903

05-21-2007 17:37

I'd rather watch a segment on ducks in storm drains!

coco

_____________________

VALENTINE BOUTIQUE
at Coco's Cottages

http://slurl.com/secondlife/Rosieri/85/166/87

Taylor Bayliss

Registered User

Join date: 17 May 2006

Posts: 144

05-21-2007 18:38

Also, Second Life was just featured on the NBC evening news. The segment covered the use of SL as a virtual place of worship, and showed avatars in a church setting watching streaming video of RL sermons.

Maybe the minor media feeding frenzy on ageplay has died out............

Tod69 Talamasca

The Human Tripod ;)

Join date: 20 Sep 2005

Posts: 4,107

05-21-2007 19:59

From: Maera Sands

Why am I not suprised that Jack Thompson's name is up there? Isnt he being investigated for fraud himself?

Jack Thompson is the WORST type of lawyer you could run into!!!

He's the moron who's convinced all these gun-toting crazy kids played video games to learn how to pull a trigger.

According to his thinking- Playing Video Games makes you a psychopathic killer. Doesnt matter if its Mario or Doom.

Har Fairweather

Registered User

Join date: 24 Jan 2007

Posts: 2,320

05-21-2007 20:05

From: Taylor Bayliss

Also, Second Life was just featured on the NBC evening news. The segment covered the use of SL as a virtual place of worship, and showed avatars in a church setting watching streaming video of RL sermons.

Maybe the minor media feeding frenzy on ageplay has died out............

Two possibilities occur to me: 1. After a burst of publicity on one side of a story with legs, news editors want to find the "counter-story." 2. Maybe a devoted SL Resident operating undercover at NBC News?

Jesseaitui Petion

king of polynesia :P

Join date: 2 Jan 2006

Posts: 2,175

05-22-2007 02:58

From: Taylor Bayliss

Also, Second Life was just featured on the NBC evening news. The segment covered the use of SL as a virtual place of worship, and showed avatars in a church setting watching streaming video of RL sermons.

Yeah cause RL powerhouse lifechurch.tv came inworld recently.

Conifer Dada

Hiya m'dooks!

Join date: 6 Oct 2006

Posts: 3,716

05-22-2007 07:06

Well, I've got about 6500L$ as of today, which is about £12 British money. How much I made from things I've made and sold, how much from land deals and how much is from saved stipends is lost in the mists of time!

Second Life Hits CNN Again
Tybalt Brando Catalyst Join date: 25 Dec 2006 Posts: 347	05-21-2007 06:14 Short video piece. That had to important messages. 1: Some British Group, The Fraud Advisory Panel or something has decided that the sky is falling and that they're need to be regulations on L$ Exchanges so help prevent fraud. (They mentioned they have no proof of this happening now....but..but it could!!!!. Fraud Advisory Panel, Jack Thompson, American Republican Party the same people? I don't know. But you never see then at the same time) 2: Field Fisher Waterhouse is apparently opening a real law firm in SL and is seeking out clients. Oh great. Here come the E-Lawyers.
Livinda Goodliffe Squeaky Wheel Join date: 28 Dec 2005 Posts: 215	05-21-2007 06:24 From: Tybalt Brando Short video piece. That had to important messages. 1: Some British Group, The Fraud Advisory Panel or something has decided that the sky is falling and that they're need to be regulations on L$ Exchanges so help prevent fraud. (They mentioned they have no proof of this happening now....but..but it could!!!!. Fraud Advisory Panel, Jack Thompson, American Republican Party the same people? I don't know. But you never see then at the same time) 2: Field Fisher Waterhouse is apparently opening a real law firm in SL and is seeking out clients. Oh great. Here come the E-Lawyers. It doesn't take a genius to figure it out that you could do it on Casino websites, Porn web sites, WoW, Entropia, The Sims Online...hell, t'would be easier to do it the old fashioned way: fraudulant banks and dummy corporations. Oh, and you can hire Field Fisher Waterhouse to make sure the Feds are invading your illegal activities legally and by the book. http://en.wikipedia.org/wiki/Money_laundering
Ciaran Laval Mostly Harmless Join date: 11 Mar 2007 Posts: 7,951	05-21-2007 07:13 From: Tybalt Brando 1: Some British Group, The Fraud Advisory Panel or something has decided that the sky is falling and that they're need to be regulations on L$ Exchanges so help prevent fraud. (They mentioned they have no proof of this happening now....but..but it could!!!!. Yeah this was last week or the week before, money laundering and such like. I think they were talking about taxes too on virtual world income. I'd imagine they mean when people cash in. That will be a fun one to watch.
Har Fairweather Registered User Join date: 24 Jan 2007 Posts: 2,320	05-21-2007 07:37 I doubt money-laundering through SL is a problem now - the customary $10,000 trigger point requiring banks to notify the US government of a transaction would be about L$2.7 million. But as SL grows and the money in it grows, it likely will be a problem. They're just anticipating, I think. As for taxing income in-world before it is converted to RL currencies - a fool's errand. If they try, it will be fun to watch. [grin]
yeeck Brickworks Registered User Join date: 29 Oct 2006 Posts: 123	05-21-2007 07:40 OMG!.... so much of problems,, by the way, u guys, got any idea on what is the maximum zeros u can have in L$? i am sure that thee must have a limit u can carried them in your pocket
Broccoli Curry I am my alt's alt's alt. Join date: 13 Jun 2006 Posts: 1,660	05-21-2007 08:35 From: yeeck Brickworks OMG!.... so much of problems,, by the way, u guys, got any idea on what is the maximum zeros u can have in L$? i am sure that thee must have a limit u can carried them in your pocket Plenty more than I have, that's for sure. Broccoli _____________________ ~ This space has been abandoned as I can no longer afford it.
Dnali Anabuki Still Crazy Join date: 17 Oct 2006 Posts: 1,633	05-21-2007 09:31 From: Har Fairweather I doubt money-laundering through SL is a problem now - the customary $10,000 trigger point requiring banks to notify the US government of a transaction would be about L$2.7 million. But as SL grows and the money in it grows, it likely will be a problem. They're just anticipating, I think. As for taxing income in-world before it is converted to RL currencies - a fool's errand. If they try, it will be fun to watch. [grin] I did notice that two people bought over $800,000 USD in sims in the new continent; many others spent in the $200,000 range. That would be a good way to clean up money. Also, I claim SL expenses on my Corp account..it is a very real tax environment for us. And I'm sure IBM, and other corps are claiming expenses as well. Setting up a business in SL is just like RL and you can claim your expenses as business related.
Angelique LaFollette Registered User Join date: 17 Jun 2004 Posts: 1,595	05-21-2007 09:55 From: Tybalt Brando Short video piece. That had to important messages. 1: Some British Group, The Fraud Advisory Panel or something has decided that the sky is falling and that they're need to be regulations on L$ Exchanges so help prevent fraud. (They mentioned they have no proof of this happening now....but..but it could!!!!. Fraud Advisory Panel, Jack Thompson, American Republican Party the same people? I don't know. But you never see then at the same time) 2: Field Fisher Waterhouse is apparently opening a real law firm in SL and is seeking out clients. Oh great. Here come the E-Lawyers. Slow news Week, I guess CNN ran out of ducks stuck in storm drains and dysfunctional celebrities to scintillate thier Viewers. Angel.
Raudf Fox (ra-ow-th) Join date: 25 Feb 2005 Posts: 5,119	05-21-2007 11:46 The clip did further enlighten us as to why we are now going to have a "selective verification system." They wanna catch people who are doing their laundry! ducks Because they want to catch people laundering the money through the site. Umm.. yeah, that'll work, given that we can CHOOSE not to verify. So, another 'reason' shot down. _____________________ DiamonX Studios, the place of the Victorian Times series of gowns and dresses - Located at http://slurl.com/secondlife/Fushida/224/176 Want more attachment points for your avatar's wearing pleasure? Then please vote for https://jira.secondlife.com/browse/VWR-1065?
Maera Sands Registered User Join date: 15 May 2007 Posts: 1	05-21-2007 17:28 Why am I not suprised that Jack Thompson's name is up there? Isnt he being investigated for fraud himself?
Cocoanut Koala Coco's Cottages Join date: 7 Feb 2005 Posts: 7,903	05-21-2007 17:37 I'd rather watch a segment on ducks in storm drains! coco _____________________ VALENTINE BOUTIQUE at Coco's Cottages http://slurl.com/secondlife/Rosieri/85/166/87
Taylor Bayliss Registered User Join date: 17 May 2006 Posts: 144	05-21-2007 18:38 Also, Second Life was just featured on the NBC evening news. The segment covered the use of SL as a virtual place of worship, and showed avatars in a church setting watching streaming video of RL sermons. Maybe the minor media feeding frenzy on ageplay has died out............
Tod69 Talamasca The Human Tripod ;) Join date: 20 Sep 2005 Posts: 4,107	05-21-2007 19:59 From: Maera Sands Why am I not suprised that Jack Thompson's name is up there? Isnt he being investigated for fraud himself? Jack Thompson is the WORST type of lawyer you could run into!!! He's the moron who's convinced all these gun-toting crazy kids played video games to learn how to pull a trigger. According to his thinking- Playing Video Games makes you a psychopathic killer. Doesnt matter if its Mario or Doom.
Har Fairweather Registered User Join date: 24 Jan 2007 Posts: 2,320	05-21-2007 20:05 From: Taylor Bayliss Also, Second Life was just featured on the NBC evening news. The segment covered the use of SL as a virtual place of worship, and showed avatars in a church setting watching streaming video of RL sermons. Maybe the minor media feeding frenzy on ageplay has died out............ Two possibilities occur to me: 1. After a burst of publicity on one side of a story with legs, news editors want to find the "counter-story." 2. Maybe a devoted SL Resident operating undercover at NBC News?
Jesseaitui Petion king of polynesia :P Join date: 2 Jan 2006 Posts: 2,175	05-22-2007 02:58 From: Taylor Bayliss Also, Second Life was just featured on the NBC evening news. The segment covered the use of SL as a virtual place of worship, and showed avatars in a church setting watching streaming video of RL sermons. Yeah cause RL powerhouse lifechurch.tv came inworld recently.
Conifer Dada Hiya m'dooks! Join date: 6 Oct 2006 Posts: 3,716	05-22-2007 07:06 Well, I've got about 6500L$ as of today, which is about £12 British money. How much I made from things I've made and sold, how much from land deals and how much is from saved stipends is lost in the mists of time!

Welcome to the Second Life Forums Archive

Second Life Hits CNN Again