It's time for SL residents to take a stand

Well if you are like me and have been following the ginko thread you will agree with what i am about to say.


I believe it is time for us, the residents of SL, to take a stand and hold ginko responsible for what is happening.

I would like to know what you think we can do.

As the bank is unregulated, i think we could possibly contact the FBI and get them involved, im from New Zealand so i dont know the laws of america but im sure you cant run a bank there without some sort of licence, you certainly cant in my country anyway.

So what options do we have? even though i am am not a depositor i am willing to contribute to any costs required to make this happen as i believe that this will have huge effects on secondlife and that is what im mostly concerned about.

How about another one of those open letters to linden labs but only concerning ginko, if we can make them pay attention once we can do it agian.

I think the time has come to uncover what is really happening and i also think that the lindens should acknowledge that something is going on and what their stance is?

Can we please get a linden involved?

I feel this has a huge chance to damage the future of secondlife which i do not want to happen.

witch hunt.

Demand your money from ginko, and when you don't get it, report it as theft to your local law enforcement.

we shall see



how about just ppl that use ginko, doubt joe clubber cares much



kk



heh ok, tell the fbi your brother is cheating you at monopoly and maby they wont laugh at you

ginko is not a real bank, it barley falls under the definition of a bank, most ppl would call it a long running ponzi



i cashed out
and why are you witch hunting if your not personally being effected by this? seems like your just trying to start crap,

secondlife will survive with or without ginko

if your really concerned about secondlife go help some noobies, teach a class, write a new client but dont go grab torches and burn biuldings over something you are not being effected by, its like me starting a revolution in Honduras, but its good to be in the crowd if you really care



that worked becuase it was us vs the labs, read their policy's, they absolutely WILL NOT get involved with user disputes



ginko has been pretty decent about releasing tidbits of news

the lindens are probably already aware

and their stance is one of non involvement, just like it always is, and always will be



its not their problem



doubtful, its just another day, altho it does suck for anyone in this situation and i feel bad for anyone who might get really burned by it

well technicaly the FBI did show up at Linden Labs(technicaly at their invitation) on the Gambleing issue, and with the semi infrequent news stories about the Posiblitly of things sutch as money landering they are basicaly left with little option but to kind of keeping an eye on it. (MMO "Money" has also come up in congresss radar a couple of times)

that and law enforcment sometimes gets off its ass and investigates posible fraud that crosses a threshold, here in texas its about 100k

this is the only way LL is going to get involved if theft can be proven. Its up to those who are wanting their lindens to go report it stolen. Go report to the internet fraud squad in your country as a theft. Once that's done along with an report to LL that you have been ripped off to create a paper trail there is nothing much that peole not involvd can do other then to make suggestions. If theft is proven then LL will do what they need to do to limit liability on their end. Ponzi's are against LL tos due to the fact they are illegal in the US they will act if indeed there is some form of ponzi scheme or other illegal thing going on. This was covered in the other thread I see no reason to rehash it again in this thread lol.

report a theft to those you need to including LL and let the chips fall where they may if he wont give you your lindens back /shrug

Their's no current standing in any court that i know of that states that fictional currency that you freely give to someone else is considered theft.

Remember, you agreed to hand over your lindens to them. Yes they claimed to certain stipulations but they have no formal Terms of Service nor contract so thus they can change it freely.

Your only recourse is to deal with LL. IF (and that is a HUGE if) they wish to get involved then thats their decision.

As for the ponzi scheme - that's an intresting thought but still very hard to prove.

Actualy their is considering that IGE has been sued on a couple of occasions, but I have never heard the results of thoes suits.

IGE is using Real cash to buy fake currency or using fake currency for real cash.

This is fake cash for fake cash which is a huge difference.

LMAO! GOOD LUCK!!!

See your missing some points here. Lets start with the first one that will kill anything you try...

"You gave them your money"

Knowbody held a gun to your head. Anytime you give people money in SL you got a 50/50 chance of getting a return from it. This is the internet people... People can pretend to be anything they like... Oh for example... A BANK!

You can't say this dude took your money when you gave it to him and the Lindens have more then once shown that they will not get into transaction issues unless you can show your money was taken from your account somehow.

I hope I am wrong but time will tell!

The fact of the matter is, people need to stop using these so called banks of sl. Either show me that your FDIC or get lost!

Which is buyable and sellable for real cash useing a service provided for by LL.

Which means it Constitutes a Token Currency as defined by Texases revised statute on gambleing and thus subject to crimimal prosecution.

The problem is your also missing the point

they gave something that they payed cash(or whatever you want to call it) to get for a promis that they would get something in return.

Which ironicaly puts it smack in the relm of Civil litigation, and posibly criminal. then its up to the courts and the law to set down once and for all what exactly it is that we are all bickering over.

Steal 100K worth of chips from a casino, and attempt the defence in a navada courtroom that you are not guilty because they weren't REAL currency. That arguement would Fly in much the same way cows don't.
The Lindens are an Asset, Digital Yes, but an asset, that can be converted into RL Currency.

A Fraud appears to have taken Place that may have resulted in the Loss of Upwards of 100K in RL assets, and that IS something that might peke the Interests of State or Federal Fraud Investigators, and it MIGHT also be of interest to the IRS, as those assets will probably be converted back into a RL currency at some point.

Oh, and Voodoo;

Utterly, and completely Irrelevant as ALL confidence tricks are based upon Getting the Mark to "Give you the money" The REAL point is you got them to Give you the money Under False Pretenses. The fact the money was handed over volentarily is overridden by the fact that the con Artist LIED in order to pursuade the Victim that the deal was honest.
I agree With You, Handing your money over to an Unsecured, uncertified On Line "Bank" or "Investment Company" is rank Idiocy, but laws DO exist to protect people from thier own Folly.

Angel.

issue, your forgetting the op "never deposited", zero jack squat nada nuffin so they couldnt even start down the theft road

so i point that out in hope you need to belly laugh some more

ps everyone is right about the fact you give them money freely and they do outline the risk involved (if you bother to look at it) != theft

Not if the dude who I bet would end up being a 15 year old kid living in BFE where there are no laws on it. I am amazed at how people to this day fall for scams like this on the net.

Look at their web site... Nice disclaimer...
"Ginko Financial and its affiliated businesses are not registered in any way with any governmental organization.
Not warranted, guaranteed, or insured."

I bet people did not read the small print before running to the ATM to give these guys money.

That's cos gambling is related to Federal Law. (here we go again).

My take = "What IS Gingko"

Rhetorical. I'm afraid that my lack of knowledge is further to a lack of concern - sorry. As far as I know, Gingko is a nut used in Japanese cuisine.

Don't use inworld banks, unless regulated in RL, and setup as an in world branch.
(how that would work, I will leave to the RL banks)

i have taken a stand.
i choose to ride it out and not join the witchhunt.

Who on earth's stupid enough to actually USE a Secondlife Bank for god's sake!!???

I got ims and tps to play 1 of those silly games anoying me continiously from some1 i didnt know and couldnt speak english to me ! And it was just so they had the numbers there so he could play! That was harassment by him!

You can cut him off your calling card list but he still sees you and sends more! wheres the block im function for ppl to limit ims and spot your screen being covered by messages you dont need or want?

As for money laundering! You can only cash in 25000Ls /mth, so you need other ppl to buy your worthless Ls on ebay stc and lose 50% value on the ones you do cash in at SL itself!

Why do you think businesses are being given as prizes in lucky chairs? DOH! You cant cash out your business earnings from SL withoput making SL richer!!!! And thats on a product you cant reliably sell items in your shops with as ppl cant rez to open buy screen, or then rezz the items on screen or lastly get the items and payments to reliably transfer to both parties!!!!!!!!!!!!

SL is the least relable method of laundering any money, clean or illegal!!!!!!

I'm a little bit confused as to why anyone would deposit money in a bank in SL. It just doesn't make any sense to me in the first place.

I think it's funny that the OP does not have any money deposited in said bank too! Yet, quite concerned about this state of affairs, and ready to launch a protest! LMAO!

Wow, that IS news. Can you explain the fraud that took place, and how you found out about it? That evidence could be just what people need who are hoping there is some legal recourse. (Or did you just mean you have a gut feeling that fraud "must have" taken place, that the interest seems too good to be true?)



What false pretenses? Most people I have heard from who have invested in Ginko claim to have received handsome interest payments. Further, Ginko has not offered guarantees, etc. that they are now backing out of. Of course, if you're right and this is all some Ponzi scheme, then you're right. If that turns out to be the case, kudos to you for calling it right!

Some folks are just always looking for that next witch to hunt.

The official business of the Busy Body Committee is whatever the Busy Body Committee wants it to be. The Busy Body Committee can tell you all about the products they've never tried, the services they've never used, and the advice that never applies to themselves.

I am so glad i pulled the last of my money from ginko over 18 months ago. I saw so much hatred against them on these forums, and how they have cheated people. I knew right then and there, that it wasn't for me.