Originally by: Ray McCormack

---

Reserved.

---

Originally by: RaTTuS

---

Originally by: Ray McCormack

---

Reserved.

---

Ray fix up your Prowler Auction sig

---

Originally by: Ulstan

---

I guess my primary concern here is the utter lack of tools CCP has really given us to handle a secondary market.

---

Originally by: RaTTuS

---

It's still there - the auction is finished ...

---

Originally by: Mortifiyr

---

If you could get $10 per billion that would mean $2,000 of RL money for 200b isk. Thats a mortgage payment, or a down payment on a car.

---

Originally by: Selene D'Celeste

---

Edited by: Selene D''Celeste on 10/06/2009 18:48:55
You're all jerks for spamming after my reserved slots (which are now full of tl;dr text).

---

Originally by: Block Ukx

---

Originally by: Pastiche

---

My questions are thus:

1) Why wasn't Ricdic's access/involvement scaled back more? This isn't the first time he has caused trouble. There is ample evidence that he could be trouble in a very significant way. While I understand that EBank was his baby, thinking of the bank and it's customers would show a need to sideline him.

---

While I donÆt condone RicdicÆs actions, EBANK managed to raise 2+ Trillion because of Ricdic. There is no doubt in my mind that none of the present EBANK employees would have raised that amount without Ricdic. Even ccp loved Ricdic.

---

Originally by: Selene D'Celeste

---

Edited by: Selene D''Celeste on 10/06/2009 18:47:31
Now that at least half a day of threadnaught ****storm is underway, and the remaining EBANK board and staff are too busy sorting out this mess to retort to a lot of the nonsense here, let me set a few things straight.

First, let no one be mistaken, Proton Power is not some heroic whistleblower nor deserving of the least amount of praise. His posts here and in my resignation thread, as well as his attitudes in conversations in-game, clearly show his interest lies in drama, attention, and self-righteousness. There is a right way and a wrong way to make information come to the public if it is high time it happened, and you chose the wrong way. You are, if nothing else, only showing your true nature, which I long suspected while you were at EBANK: self-serving, self-important, and self-centered. What you claim to be doing here could have easily been accomplished in a much healthier fashion. Allow me to demonstrate how this is properly done:

I wish to clarify the following issues:

1) Defaulted EBANK loans.
2) Oversight and accounting.
3) Why panic is useless.

1) When EBANK was still young it was decided that full collateral wasn't needed on all loans, since certain situations and individuals warranted different levels of security and hedging. This was an acceptable practice as long as the potential losses via disasters with unsecured loans could be managed to be absorbable in a worst-case scenario. An obvious indicator of this practice was that for many months, no one at EBANK received a salary, and even now that salary is token enough that few if any employees can fund a single account on a GTC with said salary. This created a buffer for absorbing such losses.

Anyway, the "big defaulted loan" in question here was originally smaller than any of the numbers thrown around so far, and was not randomly thrown out to some guy in KIA, as proposed elsewhere in this thread. The initial loan was to KIAEddz for logistical operations, and the debate over whether this was an acceptable loan to make went on for weeks. In the end, it was agreed upon that this was a risk worth taking due to KIA being a stable alliance, Eddz being a public persona who could be trusted more than most, and the amount being absorbable in a worst case scenario.

As EBANK grew so did KIA, and that loan was responsible for a large amount of EBANK income, and so it went through multiple expansion phases. Looking back, it was probably too much in one place, but for the most part it stayed an absorbable loss in a worst-case, and there was no reason to believe it could just disappear. At its peak there was probably 400 B owed, but the modified amount of 250 B is much more accurate as to its current state. As I said, it was one of the most profitable investments in EBANK, and it was regularly bringing money in as it was paid down.

The real failure of EBANK on this loan lies with, annoyingly enough, Ricdic. It was to my understanding, and I assume the understanding of others, that since this was a loan to Eddz that he would be responsible for direct oversight and would be protecting said investment. This was incorrect, and two months ago it was revealed that all logistical assets purchased from the loan resided in an individual KIA corporation which Eddz was not in control of, and said corporation left KIA for another alliance. EBANK's silence on the matter was due to negotiations to try and transfer the loan to this group, which has so far been unsuccessful, to my knowledge. I do not believe that this was negligence on Eddz's part, but that the understanding for where the ISK was going and how safe it was going to be was not clearly conveyed. Whether that was intentional by Ricdic or not I don't know, nor remember clearly.

---

Originally by: Roemy Schneider

---

i'll accept your flames -.-

---

Originally by: Proton Power

---

I agree if they would have posted it when I told them they should it would have been much differnt. Instead they left it to me.

---

Originally by: Jana Zypher

---

Originally by: Proton Power

---

I agree if they would have posted it when I told them they should it would have been much differnt. Instead they left it to me.

---

I am an innocent bystander but you look like an attention w.hore to me, tbqf.

---

Originally by: Proton Power

---

I agree if they would have posted it when I told them they should it would have been much differnt. Instead they left it to me.

---

Originally by: Proton Power

---

I agree if they would have posted it when I told them they should it would have been much differnt. Instead they left it to me.

---

Originally by: Amarr Citizen 155

---

Originally by: Proton Power

---

I agree if they would have posted it when I told them they should it would have been much differnt. Instead they left it to me.

---

Ahh the savior of MD. Jesus you sound so much like Ric sometimes. Is that 15 minutes up yet?

---

Originally by: Ray McCormack

---

Originally by: Roemy Schneider

---

i'll accept your flames -.-

---

Pfft, go invest in ISS.

---

Originally by: Selene D'Celeste

---

Indeed, my original label of PP as a mini-Ricdic wasn't far off, since you do act just like him when he'd go off on an immature rant. If you come to any sense of decency, I propose apologies to your friends and refraining from prancing around these threads any more.

---

Originally by: Proton Power

---

My friends?

The ones that I gave the choice and said post somthing before I do, and told me no?

The ones that let people deposit isk into a character that is banned and those people may never get that isk back?

The ones that have threatend me?

Which friends?

---

Originally by: Roemy Schneider

---

Originally by: Ray McCormack

---

Originally by: Roemy Schneider

---

i'll accept your flames -.-

---

Pfft, go invest in ISS.

---

**** i need an MD posting alt :D

---

Originally by: Selene D'Celeste

---

Edited by: Selene D''Celeste on 10/06/2009 19:21:34
Given that I'm in a similar position to you -- ex-EBANK and posting information about what is going on -- you will notice at no point have I mentioned being threatened, nor have I posted dozens of messages with teasers for more information nor stating speculation as fasts. There is absolutely no reason for doing what you are doing now, and anyone acting as you are SHOULD alarm others, since you're being irrational and not keeping anyone else's interests in mind.

As for the "ISK to EBANK Ricdic thing, oh god the children" thing you seem to be clinging to in both threads now, the reason I noticed something was going on was because notices were pasted all over the place. EBANK website, multiple in-game channels, etc. It's also been established that very few people regularly read the forums, so is a forum crusade really going to save those people who don't have the foresight to double check before they send? Doubtful.

So I really don't see why you feel so upset and/or betrayed. Obviously I have no idea what kind of conversations you had with EBANK staff, but from how you're acting now they were probably alarmed that you were going to spout off a bunch of nonsensical crap before they could tell everyone what was really going on (which is exactly what happened).

---

Originally by: Selene D'Celeste

---

As for the "ISK to EBANK Ricdic thing, oh god the children" thing you seem to be clinging to in both threads now, the reason I noticed something was going on was because notices were pasted all over the place. EBANK website, multiple in-game channels, etc. It's also been established that very few people regularly read the forums, so is a forum crusade really going to save those people who don't have the foresight to double check before they send? Doubtful.

---

Originally by: LeGlt

---

I don't believe Hexx is the type to lie but I also don't believe Ricdic is the type to steal either, although perhaps desperate times called for desperate measures.

Personally, I'd like to give Ricdic the benefit of the doubt.

At the end of the day, the only thing we really have are allegations based on speculation.

Ricdic may very well have been banned, but that doesn't automatically mean he was banned for Real Money Trading.

As far as I am aware, going off the Tleilex Developments member's tab Ricdics hasn't been online since last week and Ricdic hasn't been online since last month. As for EBANK Ricdic, I have no idea as it's not the same corporation.

Now it's fair to say if by a miracle Hexx was banned holding on to 200Bn, people would easily accuse Hexx of doing the same thing whether it was right or wrong.

Ricdic hasn't been online in game much as of late and he has some real life issues that are taking precedent which makes it harder to contact him out of game too.

Just because he is banned and is hard to reach, does not automatically make him a thief. People have the right to be presumed innocent until proven guilty and I have yet to see any real proof whatsoever.

Don't get me wrong, for all intents and purposes he could have taken the ISK and sold it on for cash, but untill CCP says otherwise or the big man himself gets his chance to speak, I'll take everything I hear with a pinch of salt.

---