CapEx says "No" to money laundering | Stock Market

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CapEx says "No" to money laundering

Written by Xavier Mohr

Friday, 09 November 2007

By Xavier Mohr, CEO
SLReports.net

SL Capital Exchange Chairman Arbitrage Wise recently warned would-be real life fraudsters the consequences of money laundering through his virtual stock exchange, referring to a discovery by exchange staff that a group of avatars had again attempted to transfer money between accounts via the illegitimate sale of stock.

Per the announcement at the exchange website:

Nov 7th, 17:21 system announcement
by Arbitrage Wise

Fraud Alert: Please read
We have detected a group of avatars attempting to launder money via stock trading. These accounts have been frozen with their assets seized and will be turned over to LL. LL has been notified of this and have frozen these respective accounts as well, and have also alerted us of other possible alternate accounts. Any linked accounts will have their assets seized and turned over to LL.

Please say no if you are asked by an unknown avatar to buy stocks from one account and sell it to another account at a profit as this would be considered aiding and abetting. Any accounts determined to be aiding in the laundering of funds will have their respective accounts frozen and assets seized and turned over to LL.

It is reported that these activities are known to have occurred once before in August and September, with unconfirmed reports by exchange staffers that they suspected the activity had been occurring long before the rebranding of AVIX to CapEx.

We'll keep you updated should further details become available.

Stay tuned to SLReports.net for more information.

Comments

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Cash Yiyuan

|SAdministrator |2007-11-12 16:20:07

Men are not at the mercy of "GOD", men are at the mercy of the elements
etc. A god source is something which is our essence, a part of us. The bible is
a script written by man who interpreted events etc.

Half the problems in the
world are due to the blindness led by religion and mans claim to know the
"POWER OF GOD".

Religio n is a guide to seeking information. The
information lies within us, the God element is apart of us.

Please we have
enough hipocrites in the world, lets keep it out of SL.

SLReports.net User

|2007-11-11 16:37:08

um........reporting that you have discovered Money Laundering an illegal act in
itself

SLReports.net User - Moralities of buying and selli

|2007-11-09 10:41:03

But, 'authority' can over-rule the forms of logic that I presented above, I
believe. Simply at the whims of authority.
One reason for this, might be a
connection between God, and the authorities? Where, power is given to persons in
authority positions, to over-rule matters such as this.
If you read the U.S.
Bill of rights, or the Canadian Bill of rights; one of the first lines mentions
that it is a nation under God, or something like that. Or, it is a nation of
people who acknowledge God.
The fact that all men are sinners, means that
although it may be difficult to grab hold of these specific matters at this
point in the 'money-trail', nonetheless the men in question are sinners, and it
is not absolutely necessary to be able to grab hold of specific matters. Rather,
if men acknowledge God, then they might fear the authorities, because the
authorities are given power by God.
The holy bible says 'THERE BE NO POWER,
EXCEPT IT BE FROM GOD', or something like that.
So, the forms of logic I
presented do make some sense, but
ultimately men are at the mercy of God, and
God has given authority to men on the earth, and men are therefore at the mercy
of other men at times.
'Jesus is Lord, and God raised Jesus from the dead on
the third day'. If men say this with their mouths, and believe it in their
hearts, then they will be saved(says so in the holy bible).

SLReports.net User - Moralities of buying and selli

|2007-11-09 09:40:14

Sorry. I still don't get it.
How do these 'illegitamate buyers/sellers' obtain
the stocks
in the first place???
Does someone sort of 'give them some
stocks'???
And, do you mean that, after someone gives them some stocks, they
then turn around and 'just sell' at low selling prices, simply to earn the
Linden dollars from those sales??
And, this sort of is 'money laundering'
coming from perhaps real-life 'crime', or people who want to obscure the
money-trails??
But, isn't it possible that people might receive gifts from
others, and then just sell those gifts??
I think it must be persons who do
this often and have a regular pattern of doing this, that might be more
suspicious??
A one time gift, that gets sold at whatever price would not really
make that person into a 'money launderer'?
I suppose that if a person were
receiving too many gifts, too often; and then turning around and selling those
gifts, at low prices, might seem suspicious. Sort of hard to prove the 'money
laundering' though isn't it??
And, what about this: 'if a man receives a gift,
isn't that man free to do with that gift, as that man choses'?
Aren't men free
to sell gifts that are given to them?
But, if they had the 'thought' or
'intent' as though they knew that somehow this was 'wrong' or 'illegal' and yet
did it anyways; then they are condemnable??
Conde mn the thought??
Condemn the
intent??
But, I think it is hard to grab hold of at the point at which this is
being revealed. I mean, if there were transgressions, then this is just a part
of the trail of those transgressions,
and it might be at some other points on
the trail where it might be easier to grab hold of the transgressions.
It seems
obscure, and complicated, and hard to pin your finger on, at this point in the
trail, I think.
I think that it would need to be proven that transgressions
occurred elsewhere, and therefore the transactions in question might then become
illegal; but failure to prove the transgressions elsewhere makes it difficult to
prosecute at this point in the money trail.
I am not an expert. Just wondering
about this.
No intent to offend, and I thank slreports for the opportunity they
give to everyone by allowing us to write in our views. thanks. I also thank
slcapex for opportunities to buy and sell stocks and learn and perhaps even make
some monies. I think it is fun.

Xavier Mohr - "Illegitimate" Explained

|2007-11-09 09:03:45

Any interest in buying or selling stock for reasons other than turning a profit
from the stock itself would be illegitimate by most standards.

From what I
understand, individuals with serious LL fraud issues or just non-premium
accounts in general (who also do not wish for their transactions to appear in
any records) contract with other parties to purchase Lindens via stock
trading.

These people are losing money on the stock trades without caring
simply because they are concerned with the intra-account transfer of Lindens and
don't give a crap about the stock itself.

Normally I don't think anyone would
care whatsoever except for this process can actually be used for real-life money
laundering... all the on-grid stock exchange drama aside, we're looking at a
real-life legal issue here and not just a bunch of pissy investors.

SLReports.net User - Moralities of buying and selli

|2007-11-09 08:53:51

'illegitimate sale of stock.'
What is that??
I am not really understanding how
allegations of 'money laundering' might be proven by broad statements such as
'illegitamate sale of stock'.
What is 'legitimate sale of stock'??
I'd have to
compare the two, I suppose, in order to sort of begin to understand.
Some
people don't like 'day-trading'?
Othe rs try to provoke people to buy and sell
in such and such manner???
The moralities of 'how to buy and sell,
legitimately'??
Hey , that's it!
Can someone please provide the 'infallable
morals of how to buy and sell legitimately'??
The n, we can compare to the
'illigitamate sales of stock',
and our moralities of how to buy and sell will
reveal the
sinners who are worse sinners than the rest of us??
Just kidding.
They are not worse sinners, but just somehow got caught in improper etiquettes
of how to buy and sell?
Come on. Get it together. Use the proper
etiquettes.
Buy and sell in such and such way, or else.............

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Last Updated ( Friday, 09 November 2007 )

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