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	<title>Comments on: Ginko Financial’s End-Game</title>
	<atom:link href="http://alphavilleherald.com/2007/08/ginko-financial-2.html/feed" rel="self" type="application/rss+xml" />
	<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html</link>
	<description>Always Fairly Unbalanced</description>
	<lastBuildDate>Tue, 04 Oct 2016 13:18:56 +0000</lastBuildDate>
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		<title>By: Moral maze &#124; Serendipidy Haven&#039;s Blog</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-78375</link>
		<dc:creator>Moral maze &#124; Serendipidy Haven&#039;s Blog</dc:creator>
		<pubDate>Wed, 04 Jan 2012 15:07:53 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-78375</guid>
		<description>[...] and residents financially ruined with no recompense, hordes of residents leaving and, ultimately, a bank run that wiped out one sl financial institution, devalued the entire sl economy by 50% and caused LL to [...]</description>
		<content:encoded><![CDATA[<p>[...] and residents financially ruined with no recompense, hordes of residents leaving and, ultimately, a bank run that wiped out one sl financial institution, devalued the entire sl economy by 50% and caused LL to [...]</p>
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		<title>By: Diana</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-67229</link>
		<dc:creator>Diana</dc:creator>
		<pubDate>Sun, 14 Nov 2010 06:50:31 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-67229</guid>
		<description>Let me tell you something. Second Life is a ripoff. These jokesters stole Lindens worth about $3,500.00 USD. They pulled a fast one. One of the lindens said they did not believe I was old enough to play the game. The asked for proper ID license and Soc Sec card. Both were sent via fax to the linden office. They then asked for military ID that was sent too. Then they replied we still dont beieve it is you. We will not release the account or the money. We are keeping your 3,500$ Have a nice day. Theives they should be shut down by the Consumer Protection Agency.</description>
		<content:encoded><![CDATA[<p>Let me tell you something. Second Life is a ripoff. These jokesters stole Lindens worth about $3,500.00 USD. They pulled a fast one. One of the lindens said they did not believe I was old enough to play the game. The asked for proper ID license and Soc Sec card. Both were sent via fax to the linden office. They then asked for military ID that was sent too. Then they replied we still dont beieve it is you. We will not release the account or the money. We are keeping your 3,500$ Have a nice day. Theives they should be shut down by the Consumer Protection Agency.</p>
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		<title>By: Inyur Orbit</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-24225</link>
		<dc:creator>Inyur Orbit</dc:creator>
		<pubDate>Wed, 02 Dec 2009 05:27:57 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-24225</guid>
		<description>I always wonder for the past 2 1/2 years. If Nic would be so kind an pay me my 400,000$L that i desperately needed then as I need today. I felt it was safe then to stash my earnings in the Ginko slot machine. And yet to this date of writing. I have not recieved a kind word.

Hey Nick you had time to find a way to settle this up with me? I would be glad to mark this debt off my list of people who owe me money.

Inyur Orbit
</description>
		<content:encoded><![CDATA[<p>I always wonder for the past 2 1/2 years. If Nic would be so kind an pay me my 400,000$L that i desperately needed then as I need today. I felt it was safe then to stash my earnings in the Ginko slot machine. And yet to this date of writing. I have not recieved a kind word.</p>
<p>Hey Nick you had time to find a way to settle this up with me? I would be glad to mark this debt off my list of people who owe me money.</p>
<p>Inyur Orbit</p>
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		<title>By: Dinger Babcock</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-24224</link>
		<dc:creator>Dinger Babcock</dc:creator>
		<pubDate>Sat, 20 Oct 2007 04:06:06 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-24224</guid>
		<description>Is anyone doing anything about these thieves? Anyway to recover the funds with their original value instead of getting 1/8 of the value into this BS WSE bond?
</description>
		<content:encoded><![CDATA[<p>Is anyone doing anything about these thieves? Anyway to recover the funds with their original value instead of getting 1/8 of the value into this BS WSE bond?</p>
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		<title>By: Reality</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-24223</link>
		<dc:creator>Reality</dc:creator>
		<pubDate>Wed, 15 Aug 2007 12:24:51 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-24223</guid>
		<description>Ahem - Prokofy Dearie?

You are not in any position to tell anyone what their job or duty is, nor are you in any position to decide jack shit regarding legal matters or choice of attorney for anyone.

All you can do is speak for yourself.

Anything else is an opinion - not fact.
</description>
		<content:encoded><![CDATA[<p>Ahem &#8211; Prokofy Dearie?</p>
<p>You are not in any position to tell anyone what their job or duty is, nor are you in any position to decide jack shit regarding legal matters or choice of attorney for anyone.</p>
<p>All you can do is speak for yourself.</p>
<p>Anything else is an opinion &#8211; not fact.</p>
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		<title>By: Prokofy Neva</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-24222</link>
		<dc:creator>Prokofy Neva</dc:creator>
		<pubDate>Wed, 15 Aug 2007 10:41:29 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-24222</guid>
		<description>Duranske, if you think a crime has been committed in Second Life, and you&#039;re convinced that all these big-spending casino owners you&#039;re protecting who &quot;invested&quot; in Ginko have been terribly defrauded, then it&#039;s your duty as a licensed attorney to report this to the proper authorities. Have you done that?

I&#039;m afraid that your own say-so on this &quot;po-ta-to&quot; is simply not good enough. You like to swagger around trying to impress upon us that you&#039;re oh-so-smart and can call a situation as a &quot;crime&quot;.

You&#039;ve made an astounding judgement: that the law not only applies, but it isn&#039;t being enforced. That suggests that Linden Lab is somehow culpable, and you&#039;re blowing the whistle on Linden Lab. Indeed, your constant calls on LL to shut down these banks and freeze the accounts is tantamount to calling them guilty.

I find all of this rather distasteful, not because I wish to exonerate any of these characters, but because I think it is way overstepping your bounds as a lawyer, and also very misguided.

LL has made it clear especially in yesterday&#039;s statement that they are not intending to subvert law. If somebody *besides you* -- who is merely trying to sell a book, sell a blog, sell your virtual lawyering services in the Metaverse -- could take a look at it, that would be good. For that to happen, not *you* but a class of people actually believing themselves to be defrauded would have to form and approach a real attorney, i.e. not you, because you&#039;ve already tried the case in the media and acted like a fool, but a grown-up lawyer.

Has such a class formed? i haven&#039;t seen it; it may well appear. I hope they have the good sense to seek real, competent, authoritative legal advice.

Until Philip Rosedale is served with an FBI warrant, he should not be closing any accounts. If he thinks he can&#039;t wait for it to mature to that point, as it will discredit his service, any pre=emptive action now that would be very clumsy will not only look terribly guilty, it will harm innocent people and cause more runs on the bank like YOU precipitated, for which you should be deeply ashamed, having harmed your fellow human beings, and not achieved justice -- eevn frontier-style -- in any event with these alleged scammers.

LL should do nothing. Those with bonds should cash them out or hold them to see if they increase in value. Nicholas has already been informed by WSE that he cannot buy back the shares for under $1.

It might be a really good idea to leave the WSE, Ginko&#039;s, and their depositors alone to sort out their own problems. They&#039;re like a virtual credit union. Your interference neither brings justice or clarity to this troubled situation.

If the guy in Stroker&#039;s suit had money in Ginko&#039;s, that no more implicates Ginko&#039;s in money laundering that it implicates Nobody Fugazy, who tells us he had $183,000 Lindens or whatever in Ginko&#039;s (I&#039;m still having trouble understanding why he put money in it). Thousands of people deposited. People rented on their sims, too, That&#039;s not necessarily implicating anyone in further criminal activity. This is like the American or Russian police suddenly pinning like 20 unsolved crimes on the one happless screw-up they managed to arrest just so they can close the cases.
</description>
		<content:encoded><![CDATA[<p>Duranske, if you think a crime has been committed in Second Life, and you&#8217;re convinced that all these big-spending casino owners you&#8217;re protecting who &#8220;invested&#8221; in Ginko have been terribly defrauded, then it&#8217;s your duty as a licensed attorney to report this to the proper authorities. Have you done that?</p>
<p>I&#8217;m afraid that your own say-so on this &#8220;po-ta-to&#8221; is simply not good enough. You like to swagger around trying to impress upon us that you&#8217;re oh-so-smart and can call a situation as a &#8220;crime&#8221;.</p>
<p>You&#8217;ve made an astounding judgement: that the law not only applies, but it isn&#8217;t being enforced. That suggests that Linden Lab is somehow culpable, and you&#8217;re blowing the whistle on Linden Lab. Indeed, your constant calls on LL to shut down these banks and freeze the accounts is tantamount to calling them guilty.</p>
<p>I find all of this rather distasteful, not because I wish to exonerate any of these characters, but because I think it is way overstepping your bounds as a lawyer, and also very misguided.</p>
<p>LL has made it clear especially in yesterday&#8217;s statement that they are not intending to subvert law. If somebody *besides you* &#8212; who is merely trying to sell a book, sell a blog, sell your virtual lawyering services in the Metaverse &#8212; could take a look at it, that would be good. For that to happen, not *you* but a class of people actually believing themselves to be defrauded would have to form and approach a real attorney, i.e. not you, because you&#8217;ve already tried the case in the media and acted like a fool, but a grown-up lawyer.</p>
<p>Has such a class formed? i haven&#8217;t seen it; it may well appear. I hope they have the good sense to seek real, competent, authoritative legal advice.</p>
<p>Until Philip Rosedale is served with an FBI warrant, he should not be closing any accounts. If he thinks he can&#8217;t wait for it to mature to that point, as it will discredit his service, any pre=emptive action now that would be very clumsy will not only look terribly guilty, it will harm innocent people and cause more runs on the bank like YOU precipitated, for which you should be deeply ashamed, having harmed your fellow human beings, and not achieved justice &#8212; eevn frontier-style &#8212; in any event with these alleged scammers.</p>
<p>LL should do nothing. Those with bonds should cash them out or hold them to see if they increase in value. Nicholas has already been informed by WSE that he cannot buy back the shares for under $1.</p>
<p>It might be a really good idea to leave the WSE, Ginko&#8217;s, and their depositors alone to sort out their own problems. They&#8217;re like a virtual credit union. Your interference neither brings justice or clarity to this troubled situation.</p>
<p>If the guy in Stroker&#8217;s suit had money in Ginko&#8217;s, that no more implicates Ginko&#8217;s in money laundering that it implicates Nobody Fugazy, who tells us he had $183,000 Lindens or whatever in Ginko&#8217;s (I&#8217;m still having trouble understanding why he put money in it). Thousands of people deposited. People rented on their sims, too, That&#8217;s not necessarily implicating anyone in further criminal activity. This is like the American or Russian police suddenly pinning like 20 unsolved crimes on the one happless screw-up they managed to arrest just so they can close the cases.</p>
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		<title>By: RV</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-24221</link>
		<dc:creator>RV</dc:creator>
		<pubDate>Wed, 15 Aug 2007 08:50:50 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-24221</guid>
		<description>Hhhhmmm... I saw a couple mentions that the L$ shouldn&#039;t be allowed to be converted to actual currency because it isn&#039;t backed by anything.  I wonder what these same people think the USD is backed by?

Other then LL claims that the L$ has no value, there&#039;s really no difference between it and the USD.  Both only have value because we believe that it does, at least LL is honest that L$ is worthless.... good luck getting the US government to admit the dollar is only worth as much as the paper it&#039;s printed on.
</description>
		<content:encoded><![CDATA[<p>Hhhhmmm&#8230; I saw a couple mentions that the L$ shouldn&#8217;t be allowed to be converted to actual currency because it isn&#8217;t backed by anything.  I wonder what these same people think the USD is backed by?</p>
<p>Other then LL claims that the L$ has no value, there&#8217;s really no difference between it and the USD.  Both only have value because we believe that it does, at least LL is honest that L$ is worthless&#8230;. good luck getting the US government to admit the dollar is only worth as much as the paper it&#8217;s printed on.</p>
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		<title>By: Timothy Zapotocky</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-24220</link>
		<dc:creator>Timothy Zapotocky</dc:creator>
		<pubDate>Mon, 13 Aug 2007 16:28:12 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-24220</guid>
		<description>Ginko is, I am 99.9% sure, mixed up with another SL brouhaha... Stroker Serpentine&#039;s lawsuit against someone/something named &quot;Volkov Catteneo.&quot;  Catteneo was evidently connected with the Ginko people somehow: although he was a no-Payment Info member with  minimal profile info, he was a member of Ginko-connected groups, and owned land on a Ginko sim.  Volkov needed to have some means of turning Linden dollars into Real Life dollars/euros  --- and unless he was selling linden bucks on eBay (which is time-consuming and which exposed him to the risk of his identity being revealed), he needed someone like Ginko to launder money for him.

I suppose they weren&#039;t able to steal enough money from Stroker to keep their little ponzi scheme going.  Well, I just hope they got caught and get thrown in jail!

</description>
		<content:encoded><![CDATA[<p>Ginko is, I am 99.9% sure, mixed up with another SL brouhaha&#8230; Stroker Serpentine&#8217;s lawsuit against someone/something named &#8220;Volkov Catteneo.&#8221;  Catteneo was evidently connected with the Ginko people somehow: although he was a no-Payment Info member with  minimal profile info, he was a member of Ginko-connected groups, and owned land on a Ginko sim.  Volkov needed to have some means of turning Linden dollars into Real Life dollars/euros  &#8212; and unless he was selling linden bucks on eBay (which is time-consuming and which exposed him to the risk of his identity being revealed), he needed someone like Ginko to launder money for him.</p>
<p>I suppose they weren&#8217;t able to steal enough money from Stroker to keep their little ponzi scheme going.  Well, I just hope they got caught and get thrown in jail!</p>
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		<title>By: JohnLight Raymaker</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-24219</link>
		<dc:creator>JohnLight Raymaker</dc:creator>
		<pubDate>Mon, 13 Aug 2007 12:39:45 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-24219</guid>
		<description>Hi,

I personally lost 84% of my fortune in the Ginko collapse. The question now is how to go on with my personnal challenge (check http://second-life-millionaire.blogspot.com) for which a savings bank is crucial.

My other question, and I&#039;d like answers on this from financial gurus, is to know it is worth buying some Ginko Perpetual Bonds now, as anybody will try to get rid of them, making their price artificially low
</description>
		<content:encoded><![CDATA[<p>Hi,</p>
<p>I personally lost 84% of my fortune in the Ginko collapse. The question now is how to go on with my personnal challenge (check <a href="http://second-life-millionaire.blogspot.com" rel="nofollow">http://second-life-millionaire.blogspot.com</a>) for which a savings bank is crucial.</p>
<p>My other question, and I&#8217;d like answers on this from financial gurus, is to know it is worth buying some Ginko Perpetual Bonds now, as anybody will try to get rid of them, making their price artificially low</p>
]]></content:encoded>
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	<item>
		<title>By: Reality</title>
		<link>http://alphavilleherald.com/2007/08/ginko-financial-2.html/comment-page-2#comment-24218</link>
		<dc:creator>Reality</dc:creator>
		<pubDate>Sun, 12 Aug 2007 13:15:33 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wp_2/?p=1148#comment-24218</guid>
		<description>Prokofy, I&#039;m afraid Dearie that you&#039;re being a bit dense here.

I do hate to break it to you but there really is no such thing as free speech - you&#039;ll have to prove that speech truly is &#039;free&#039; before your assertions will hold any water whatsoever.

Which of course - you cannot Dearie. A single restriction placed on &#039;free&#039; speech means - are you following so far Dearie? - that speech is no longer &#039;free&#039;.

Oh - and by the by? My statements are 100% correct. Racial slurs are no longer allowed on television, racist propaganda and actions are deemed illegal in quite a few places, verbal sexual harassment is illegal ... the list goes on Dearie.

Now then - are you done being a twit Dearie?

Are you done being so absolutely ridiculous?

Oh yes - I&#039;m American, Dearie. You on the other hand ... are questionable.
</description>
		<content:encoded><![CDATA[<p>Prokofy, I&#8217;m afraid Dearie that you&#8217;re being a bit dense here.</p>
<p>I do hate to break it to you but there really is no such thing as free speech &#8211; you&#8217;ll have to prove that speech truly is &#8216;free&#8217; before your assertions will hold any water whatsoever.</p>
<p>Which of course &#8211; you cannot Dearie. A single restriction placed on &#8216;free&#8217; speech means &#8211; are you following so far Dearie? &#8211; that speech is no longer &#8216;free&#8217;.</p>
<p>Oh &#8211; and by the by? My statements are 100% correct. Racial slurs are no longer allowed on television, racist propaganda and actions are deemed illegal in quite a few places, verbal sexual harassment is illegal &#8230; the list goes on Dearie.</p>
<p>Now then &#8211; are you done being a twit Dearie?</p>
<p>Are you done being so absolutely ridiculous?</p>
<p>Oh yes &#8211; I&#8217;m American, Dearie. You on the other hand &#8230; are questionable.</p>
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