Second Life's Ginko Financial Bank is unable repay $L200,000,000 ($750,000 U.S.) in account holder money. The big question in Second Life lately is where did $750,000 U.S. dollars of real value in Second Life investments go? It seems the deal was too good to be true, up to 60% interest on account deposits made with Second Lifes virtual bank "Ginko Financial". Ginko is a virtual investment firm that operates like a bank, you deposit Second Life currency, the Linden dollar, and Ginko was to pay interest on that account balance.

According to Ginko Financials President, Nicholas Portocarrero, there's upwards of two hundred million Lindens on deposit with the floundering virtual bank. That's constitutes a value of $750,000 in United States currency. But where did all the money go? When Mr. Portocarrero was asked if he would publish an accounting of his investments, by Second Life Herald reporter Pixeleen Mistral, his simple statement was "Never". But he also stated that he had no intention of running away from the situation either.

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http://www.associatedcontent.com/article/3416...