Aug 14

Now the WSE is Making Money Off Ginko Customers

Category: Banking, Investing, Scam by Stone Culdesac

Nobody Fugazi is still all over the Ginko Financial closing and subsequent problems, such as depositors funds being transferred to the GPB, or Ginko Perpetual Bonds, at the WSE with no say or choice in the matter, heck they didn’t even get a shot at agreeing to the terms of service. So, if you did not have an account there, you had to create one, then sell them for less money than you ended up having in them, minus fees, but not only that, when you sell them some are converted to WIC’s, or World Internet Currency, which were originally created to allow people outside of Second Life to invest in Second Life companies. So, then he had to convert them to lindens and pay another fee. He sold 183,000 GPB and had 560 lindens in his account and 130.37 of these WICs, so, needless to say, he did not get the return on his investment that Ginko said he would and since he didn’t say how much he really received after selling, we may never know how badly he was screwed.

What I did not expect was to see a Linden balance of 560 Linden dollars for my shares? What the? Then I saw this ‘WIC balance’ that didn’t tell me what I could do with it. I didn’t ask for these dumb WIC whatever’s, I was just selling GPB so that I could cash out the Linden dollars. Why couldn’t I just get Linden dollars? So I tried the World Internet Currency ATM link, and it was asking me for my WIC account name. I try ‘Nobody Fugazi’. Not happening. I try it lower case. Not happening. After a lot of searching he found this:

WICS to Linden Dollars

You can buy Linden Dollars using your WICS by visiting the WIC Exchange ATM located at Hope Capital Island in Second Life. For a direct teleport please visit the ATM Locations page in the Education Centre.

USING THE FICTIONAL WORLD INTERNET CURRENCY IS SUBJECT TO THE TERMS OF SERVICE BY WIC EXCHANGE PTY. LTD LOCATED AT WWW.WICEXCHANGE.COM

What should have taken me about 2 minutes to do took me about 45 minutes to do. Why? Is this something which is supposed to garner good faith? If so, it is as misdirected as just about anything else I can find.

As far as I’m concerned, any fees I paid WSE or wicexchange.com were stolen. The sign over WSE should say, “Here There Be Muggers, Pickpockets and All Manner of Thieves”. I was mugged, and other people have been and will continue to be mugged either by incompetence or a complete lack of ethics. Right now, I think it could be both. Source: How WSE Is Screwing GPB Holders Even More

More info on the WIC’s here.

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