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By Xavier Mohr, Publisher
SL Reports • www.slreports.net Loyal Readers, Advertisers, Investors, Friends, and Colleagues:
There have been allegations of late about Mr. Sal Ackland, the Virtual Commerce Exchange (VCE), investment "fraud," and connections to existing Second Life financial institutions.
Some folks are aware of the fact that I have spoke with Sal Ackland concerning these matters, and have investigated them independently for both professional and personal reasons.
(Continued)
I would like to state, for the record, that I have fully cooperated with the SLEC in their investigation into these matters and accommodated every request that they have made to me personally.
As I have stated to the SLEC, at this time I do not believe there to be any direct connection between Sal Ackland and any existing financial institution operating inside Second Life. That being said, I can also further elaborate that aside from what I learned from Sal Ackland in person in our conversations, most of what I "know" is merely credible hearsay... nothing more.
I look forward to reading the SLEC report and fully support any positive changes that it may bring to the Second Life investment community. I did not know Sal Ackland during the heyday of VCE investment, nor did I have any monetary connection to SL stock exchanges or financial institutions prior to a couple months ago. My investigations into the matter were merely for news purposes and out of strong concern for my company and its exchange listing.
I do believe that certain parties in Second Life, knowingly or unknowingly, are connected to Mr. Ackland in some way or another... be it by unwitting in-world association, real-life geographic location, or financially. I believe that this is known to some extent by parties involved, but either not being addressed or being "kept quiet."
I may sound like an uncaring, selfish old SL'er, but at this point I am fed up with the drama being caused by rumors. Upon the release of the SLEC report I fully intend to disassociate myself from the matter.
People should understand one thing about investment in Second Life: the Linden Labs Terms of Service (TOS) declares the Linden Dollar a "fictional currency." When you invest in Second Life exchanges, or invest in Second Life business, it should always be considered an investment of fictional currency on a three-dimensional entertainment platform, despite any real-world trade value involved.
If you are looking for risk-free investment of large amounts of money, please log off the computer immediately and open up your telephone book. Seek out the advice of your nearest bonded, insured, and licensed investment advisor. At present, there are no legal protections for what you invest in Second Life, and case history is only beginning to pop up of SL'ers actually taking their cases to real-life court.
Anything you do in Second Life should be considered "entertainment." If you invest a bit of money and get a return, great! If you lost a great deal of money here, don't turn around and be angry about it... you knew the risk, and if you didn't, you should have!
I do seek to provide the strongest return on investment for all current in-world investors in SL Reports via smart business practices. I am very honest and open about my real-life identity. However, I see what I do in Second Life as little more than smart game-playing.
We all need to step back, log off the computer a few minutes, and immerse ourselves in reality every once in a while. Have you done this lately?
If not, I suggest you do so.
Sincerely,
Xavier Mohr
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