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Scammers Continue to Wreak Havoc in MMO's

Posted by CmdrTaco on from the but-i-need-my-virtual-gold dept.

eldavojohn writes "We're all well aware of the scams that sometimes happen in online games like Eve Online. But despite this looking primarily like a problem with Eve Online, the MIT Technology Review brings us stories from Second Life and the very real $700,000 (USD) in Linden Dollars that has recently disappeared in what is appearing to be a classic ponzi scheme by a company named Ginko Banking. Unbelievably high interest rates coupled with some shady withdrawal limits leads to classic epic losses to investors. Eve Online was merely virtual currency but Second Life has a real monetary value associated with Linden Dollars & therefore is certain to see more and more scams pop up like this. How can Linden Labs set up a safety net to catch things like this?"

7 of 330 comments (clear)

  1. Re:They shouldn't by Jugalator · · Score: 4, Funny

    You have a point there. They should probably make it illegal to be stupid to cover these problems.

    --
    Beware: In C++, your friends can see your privates!
  2. Re:It's a game by Chubby_C · · Score: 5, Funny
    It is a game, the game allows it so it should be fair play.

    People have to watch out for this in real life, they should watch out for it in second life

    The scammers are obviously better players

    --
    - My question is: Can Slashdot be Slashdotted? -
  3. Re:They shouldn't by Anonymous Coward · · Score: 1, Funny

    How il-liberal of you, holding a potential 'victim' accountable.
    Now, go say 50 Hail Marx's and sin no more.

  4. Re:They shouldn't by Archangel+Michael · · Score: 3, Funny

    "For some reason or other the Gov't and people in general frown on swindling."

    Gov't has a monopoly on swindling and can't afford the competition.

    --
    Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
  5. Re:It's a game by Jugalator · · Score: 3, Funny

    Do you mean a *voice deepens* metaverse?

    --
    Beware: In C++, your friends can see your privates!
  6. Re:They shouldn't by hotdiggitydawg · · Score: 3, Funny

    "A fool and your money are soon partners."
    --Linden Labs CEO

  7. Re:So maybe you are a prick? by MadnessASAP · · Score: 1, Funny

    By do whatever you want you of course mean I can either kill a boar, kill a bear or get one shot killed by a rogue?

    --
    I may agree with what you say, but I will defend to the death your right to face the consequences of saying it.