Ahhh the pawnshops (aka. banks) - 2014

Hiya. No interestingly none of the above iirc. Oddness. I've seen a few of those give ped get info ones though... not for some years however. I like the Entropia Universe Hack tool! haha that is a funny screenshot!

I'll know the one I'm thinking of though cause I have a feeling someone pointed out his name was an acronym of http://en.wikipedia.org/wiki/Charles_Ponzi that guy.

 

I think I might have actually converted lindens to PED back in the day on that site, completely forgot about that!

 

double post. sorry... urgh... remember the old anshe avatar. funny stuff. There was some other guy that tried to do something similar but don't remember the details... no bank involved, but oh yeah, dwif... Added a link to it at https://entropiascams.wordpress.com/2015/01/02/entropia-scammers-list/#funds as a reminder of the past

 

I guess the same applies to Anshe Chung. That she is the biggest virtual real estate mogul in Second Life is known around here, yes? She probably wrote the error off quickly and just moved on.

About Wirecard, you can't relate the news here as fast as they're happening right now. The CEO who just stepped down is already in custody. This is big, follow the updates on your favourite news channel.

 

I'm new to Wirecard. I dimly recall their name from the bank sale and that it never got used. Indeed likely they had no interest in running a pawn shop. I can't remember how the product was advertised though at the start. Was it always stated that a pawn shop was all it would be? Or was there "so much more still to come" ? ,-)

As regards Anshe well she (I'll call her she for ease) I think her main interest was in setting up her Dreamland Stock Exchange (DSE) that allowed PED to flow (with an exchange rate) to SL Lindens and back. The bank seemed kinda just the "window front"/"credibility card" for that. In SL cash movement was all handled by scripts but in Entropia they had to have avatars doling out/collecting the PED. A bit like how EntropiaPartners have avatars they pay a wage to (I assume - never checked) in order to handle account withdraws into Entropia.

DSE had a website that users could manage their account on and there was a concept of trading shares in virtual companies on there too.

As I recall, there were two things that went wrong... or maybe three if you like. In regards to the virtual company shares, unfortunately they just gradually dwindled in value to nothing so most who invested lost their money. I think Anshe made back her expenditure on the Bank though as a result. This situation with the shares in itself I think came about because somewhere along the way, the "functionality rug" (or maybe "intended functionality rug") got pulled from under them, and whatever these companies were meant to originally do, never actually happened. As a result the value dropped as people tried to cash out of DSE (some loss was better than total loss).

The two other ones were that I believe Mindark said Anshe would be responsible for any money moved out of the game. Not sure exactly what this meant but I took this to mean that, say someone deposited via a credit card, moved the PED to DSE, then did a charge back (effectively cancelling the CC deposit) then Anshe would be responsible for the loss. I guess that means any "evaporated" PED traced to her card/DSE avatar balance would be deducted. If she'd already converted that to someone's DSE balance though, and they'd gone on to pull the cash in SL, then she'd be out of (PED) pocket.

The final thing was that the DSE website had a serious software bug and by the time it was discovered/reported, they'd already lost a lot of money. I don't know how much though.

Wistrel

 

Ah ok thanks, that makes more sense. I didn't actually think she was that naive.

About Wirecard - the breaking bits are already old but there is some background info and an impression how big this scandal is:
https://www.zerohedge.com/markets/w...ompany-admits-missing-cash-wont-ever-be-found
https://www.zerohedge.com/markets/former-wirecard-ceo-arrested-investigation-missing-2bn-deepens

 

A lifetime of information and links here..Wow, I never knew any of this was going on, I need to lift that rock I am under a time or two.

https://boerse.ard.de/aktien/braun-festgenommen-verhaftet-staatsanwaltschaft-muenchen100.html

 

Wirecard files for bankruptcy
https://translate.google.com/transl...recard-stellt-insolvenzantrag-2-a3275499.html