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Business
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Written by Xavier Mohr
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Saturday, 24 November 2007 |
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By Xavier Mohr, CEO
SLReports.net Just a quick update on what I plan to be looking into in the coming days. The Power Investment Group (CapEx: PSG) is currently experiencing drama at the SL Capital Exchange due to a sale of shares by former CEO Travis Ristow to Sky Hedge Fund manager SkyRanger Hammerer. Shareholders are upset due to the fact the Travis and Sky together only held a minority share (44.9%) of the company at the time the deal was struck and Sky was proclaimed CEO, yet no shareholder meeting or vote was called prior to the transaction. Accusations are flying that the sale and CEO switch was illegal, compounded by claims that SL Capital Exchange management has been silent on the issue. A shareholder meeting was held today at 2:00 P.M. SLT, though we have yet to receive information on its outcome. We've also seen a failed buy-out offer for the International Stock Exchange (ISE) by Bo Beck Group (CapEx: BBX). In an offer presented to ISE CEO Cocky Dagger, BBX and CapEx CEO Bogart Beck offered approximately L$755,000 cash and 435,000 shares of BBX to Dagger for majority control of the exchange. After investors reeled in anger at the deal in the ISE comments threads, the deal was declined by Cocky Dagger and the offer withdrawn by BBX. Finally, we've been getting rumors that PSG Financial Bank (not affiliated with the previously-mentioned Power Investment Group) ATMs have been offline for a significant amount of time, with their website having disappeared. We'll be investigating these allegations, as well, and keep you updated. Happy Holidays to everyone, and if you're still celebrating Thanksgiving, put down the wine bottle... the weekend is in full swing and reality is just around the corner awating your return. Stay tuned to SLReports.net for more information.
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Last Updated ( Saturday, 24 November 2007 )
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Written by Xavier Mohr
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Tuesday, 20 November 2007 |
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From an announcement at the L&L Bank and Trust website: Update on Bank Yesterday, 23:17 system announcement
by Lindsay Druart We have found out how the issue happened and this was clear negligence on the host of the banks server. The security package that was supposed to be on the box was not installed and a brut force attack cracked the database within a few hours. As a result, fraudulent transactions to create a balance were made in the database and then withdrawals attempted. The BetaTester avatar tried to withdraw via the ATM and hit the withdrawal limit. After that failed and the account disabled, the system was bypassed to withdraw automatically without going through the ATM transactions.
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Written by Xavier Mohr
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Tuesday, 20 November 2007 |
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[NOTE: The following is a press release, posted unedited, as provided by
Cadence Juran, CEO - Crescendo Corporation.] FOR IMMEDIATE RELEASE - Second Life, Second World (185,130, 41) November 19, 2007; In a deal brokered by merger & acquisitions firm Allegro Acquisitions, the public relations powerhouse of Second Life, Crescendo Corporation purchased SkyCOM Communications, a new media & technology boutique. The sale totaling 725,000L$ (Lindens) also included a web design & development firm called Quantum, which was a wholly owned subsidiary of SkyCOM Communications.
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Last Updated ( Tuesday, 20 November 2007 )
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Written by Xavier Mohr
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Monday, 19 November 2007 |
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From an announcement at the SL Capital Exchange: Today, 10:15 TNW Tnw Designs and Real Estate
by lex Fitzcarraldo At approx 4am Central time, the tnw mall, nightclub and residential areas were attacked, either by a disgrunteled employee, or someone hacking into her account. the result was 90% of the mall was destroyed, 30% of the club was damaged, and 10% of the residential area was damaged. work crews are on the scene rebuilding a new mall and nightclub, and the residental area is being repaired.
long term consequences to this attack as far as i can see are as follows
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Written by Xavier Mohr
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Monday, 19 November 2007 |
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By Maelstrom Baphomet, Columnist
The Dragon's Bite I'm getting so much content and the market's getting so hot on this news I've had to start another post. Reports are that the attacks came in two waves, one in the morning and one in the afternoon. Victims known to date: 1. LNL - Lindsay Druart: 3.2 million in deposits affected.
2. SLIB - Tyrian Carmillo: Reporting no impact with no changes to operations. Security coding minimized damage and the CEO reported the only real loss was time verifying the attacks failed.
3. Royal Bank - Christopher Whitfield: Managed to recover the impact of the first attack from Linden Labs, second attack is still pending. Estimated impact still remaining $L160,000
4. Giovinazzo - Individual Source, Unconfirmed .. impact measure unverified.
5. Second Life Business Bank (SLBB) - Individual Source, Unconfirmed.. impact measure unverified.
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Written by Xavier Mohr
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Monday, 19 November 2007 |
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From a post by Lindsay Druart: At about 3:50am SLT, I got an IM from Tyrian Camillo of SLIB stating that someone was depositing fraudulent lindens and to be careful. I looked at the bank records and saw a 10 million deposit from Betatester Allen who then withdrew $20,500. The account was disabled from Tyrian's alert and LL refunded back the $20,500. I was checking the account to make sure they didn't ding us for 150% as per the TOS and as I was refreshing the screen, I watch the balance drop before my eyes. In a matter of 3 minutes, the ATM located at the Banking and Investment Center owned by Mateo Infinity on Vacit was hacked and payments made to an avatar by the name of Hamid Jewell totalling a little over 3 million linden running the bank avatar down to $24k. The exact total is not known currently since it was several transactions over the period of time and the legitimate transactions of the day are not showing up for me currently.
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