SECOND LIFE, SL REPORTS, 26 SEPT 2007 - Investor Allen has publicly acknowledged more than four alts, according to a notice posted at allenvestfinancial.com .

Two of the several admitted are Sal Ackland and Van Ames, operators of the failed Virtual Commerce Exchange (VCE). Investors in the VCE lost millions, according to various reports.

Per the notice:

Today, 15:26 system announcement
by Investor Allen

Latest Information

As I am sure it is well known by now I not only control the avatar of Investor Allen, but also the Avatars of Van Ames, Sal Ackland, and Cav Chevalier. I do not want to touch on details currently of why these avatars were created but I can assure you that there was never any intent to scam anyone. Within the week I will release a multipage document releasing the details from the first day I entered Second Life until present. This document will tell all details about my success and failure within Second Life. It will also discuss all of the scams that I have personally witnessed and been victim of since my time in Second Life.

I came to Second Life to create something, and before long I fell victim to a scam which took all of the money out of the Virtual Commerce Exchange, in my attempts to recover from this I have fallen victim to other well known individuals in Second Life. Allenvest itself was created to profit and then refund original investors. The sale of the exchange was to be used to refund those whom lost funds in earlier investments.

As of today those in charge of Capex have decided to not pay us the 5.5 million L$ in cash and have taken away our 11,000,000 shares of SLCX stock.

Because of this it has put us in a situation where we no longer have enough assets to cover all deposits and investments into our company, both past and present. We are not giving up and we will find a way forward. We are working hard to find a way out of this situation and will keep you involved in the process.

Though this comes as a shock to many, with threats of legal action rampant at SL Capital Exchange forums , for some it is not. Virtual banker Arbitrage Wise made accusations that Allen and Ackland were one in the same as early as May of this year - allegations that were strongly denied by AVIX officials at the time.

We will report more as this story develops.

Stay tuned to SLReports.net for more information.

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Reina Ferraris - Tears of Joy or Sorrow   | 2007-09-26 21:54:01 I want to cry, but I don’t know if they are tears of joy for Arbitrage for unveiling the Sal Ackland mystery or tears of sorrow for what Investor Allen is accusing. I met Arbitrage Wise in Mid April of 2007 and came under his employ. I worked for JT Financial, first as the Customer Service Manager and then in the capacity of President, from May 1st through September 9, 2007 and resigned for personal reasons. I have grown to trust and admire this man, Arbitrage Wise for his determination and work ethic. I am no longer an employee at JT Financial, but all of my Lindens are still in my account with JT Financial. I continue to watch the accomplishments of Arbitrage Wise through my meager holdings in his bank and at SLCapex. I agree with all of the decisions Arbitrage has made and will continue to support him in any way I can. Investor Allen has put the blame on Arbitrage saying Arbitrage has now frozen his account, taken his shares in Capex and is not willing to repay the debt for the exchange, putting Investor Allen in a predicament with his previous investors. This serves Investor Allen right for being so deceptive. I will not judge Arbitrage for the actions he will take against the misconduct of Investor Allen, but will support Arbitrage, JT Financial and SL Capex in any action that is taken. I truly believe that all investors will be pleased by the decisions of the Capex Team; they have never disappointed me. Quote 0   0

robo marx - Investors do yourself a favor     | 2007-09-26 22:11:33 Investors do yourself a favor and sell all the stock and get your money out of these exchanges. Not that all these companies are bad, but 2 of the cardinal laws of investing are being broken over at the capex. Accounting irregularities and lawsuits. I posted this on the capex forum and they deleted it , for obvious reasons. If allen was a complete scam he would disappear like Jasper. Not make a statement that he will be bring reports forward about who was scamming him. If they go at it all the money will be going to lawyers . Who knows they might both be in on it. Atms running short and such, leaves a lot to be desired. And if LL gets subpoenaed they might shut down the whole exchange. Don’t believe me do some research, or ask a RL broker. RM Quote 0   0

robo marx - GAME     | 2007-09-26 22:16:51 BTW Remeber this is a game you have no legal rights to any of the "Faux MONEY", because they arent technically real investments. But I am sure you would rather cash it out rather than someone else. Quote 0   0

SLReports.net User   | 2007-09-27 00:09:52 Remember... he "did" disappear once and came back as somebody else to try it again. He says about what he's writing, that "It will also discuss all of the scams that I have personally witnessed and been victim of since my time in Second Life." This is the third time that I've counted that the scammer considers himself to be the "victim". The first was Nick and the Second, Jasper. They both claimed that it was something or somebody else's fault that this happened to "them". Now, Investor/Sal/Van is gona' start whining about all of the bad stuff that has been done to him, after it's already "known" that he walked away from VSE with millions of L$ that didn't belong to him. I think that Arbitrage Wise is definitely doing the right thing, here. I'm "positive" that all of the investors won't lose out on this deal, though it might take longer than desired. That whining, punk-ass thief that comes back to do it to the people again needs to pay, though. Quote 0   0

Silverblade Dagger - What should be done?   | 2007-09-27 07:36:03 In Arb's blog he stated, "...I put in 100K to do some trading…. Poof, that money is gone." He also stated, "...put in 500K to buy the system from Sal Ackland... Poof, that money is gone too." Reading the comments, some d'mass (apparently IntLiber) stated, "...As former manager of 1-800-serve-em.com, and a trained professional skiptracer and investigator, I have investigated all three persons, and can state for the record that Investor Allen is not Sal Ackland or Van Ames" yet on Allen's site he states, "As I am sure it is well known by now I not only control the avatar of Investor Allen, but also the Avatars of Van Ames, Sal Ackland, and Cav Chevalier." What does this establish? Well for one, Allen has already stolen money or assets from Arbitrage. Couple this with the amount already paid for AVIX, which interestingly enough from Arb's blog he states, "Me, I’ve already written off my 600K and have stayed away from AVIX from day one and will not pursue this any further." Well, that was stated long ago and far away, but he did end up doing so. I'd tack that up to human error or a mistake in judgment. In any case, I do not blame Arbitrage Wise at all for freezing AIG. So what is there to do now? Should Arb pay the remainder of the debt with Allen, minus what Allen or whoever already stole from him? Should Arb just call things even, and drop Allen like a bad habit? Frankly, I'd like to see Allen be forced to pay everyone he owes money to, and not get a thin Linden from Arb or anyone else. Allen's actions are outright criminal, and by openly admitting his alts, and by Arb declaring his losses by those alts, Allen had openly confessed his guilt. So what is there to prevent Allen from creating another batch of alts and repeating the same thing all over again? It makes me sick that I apparently live in the same state as him, and I'm only out 999 shares of AIG, which isn't a big deal to me. And no, I'm not ever planning on a road trip to Fenton, Michigan for a lil butt kicking. Honoris Causa... Silverblade Dagger Quote 0   0

SLReports.net User   | 2007-09-28 18:05:43 "So what is there to do now? Should Arb pay the remainder of the debt with Allen, minus what Allen or whoever already stole from him? Should Arb just call things even, and drop Allen like a bad habit?" Frankly, I'd like to see Allen be forced to pay everyone he owes money, which would mean that Arb unfreeze Allens assets. If Allen doesn't pay off, then WHAMO! the lawsuits start with just cause. If Arb freezes everything , then Allen looks like a martyr and we are all screwed! I have already written off my 115K lindens. This is bullshit! The only way this can be resolved at this point in time is with RL Lawyers, or a Second Life third party arbitrator(which Arb has already refused because he thinks his deal is the only realistic deal), which leaves the RL courts, unless Arb changes his mind and allows a third party to negotiate! If Arb chooses the courts instead of an arbitrator then we all lose! LL TOS has already been declared by US Court as non binding, therefore SLCAPEX TOS will be ruled the same due to precedent. Without the TOS, ARB doesn't stand a chance neither do any of us! Write it off folks, let's move on, wihtout the banks or exchanges! Quote 0   0

SLReports.net User   | 2007-09-28 18:20:30 Sorry I thought I had signed on. These comments are from Arnaud Villota. A neutral in this affair! I hold to the belief that a person is innocent until proven guilty beyond a shadow of a doubt! Quote 0   0

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