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Ricdic scams EBank for 500bil, run on ebank deposits

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John D03	Posted - 2009.06.10 17:57:00 - [1] Wow, I am stunned by the new record for a scam in Eve. I'd like to hear people's thoughts on what impact this will have in the game. 500 bil represents somehting like 1/500th of the entire money supply of eve. Ebank is experiencing a run on deposits and is facing real solvency issues. What is the overall impact this is going to have on Eve's economy?
Brigitte Helm Minmatar Flying Fox Industries Motivated and Determined	Posted - 2009.06.10 18:01:00 - [2] Originally by: Hexxx Here's what we know for certain...Ricdic has scammed and engaged in RMT. He stole roughly 200 Billion of our 2.3 Trillion in deposits (8.6%). http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1094517 For some sanity Hug a Carebear, Kill a pirate, squish a Rat, and tickle a dev. Make Eve fun....
LaVista Vista Conservative Shenanigans Party	Posted - 2009.06.10 18:02:00 - [3] Originally by: John D03 Ebank is experiencing a run on deposits and is facing real solvency issues. Hardly.
Meiyang Lee Gallente Azteca Transportation Unlimited Gunboat Diplomacy	Posted - 2009.06.10 18:02:00 - [4] Originally by: John D03 Wow, I am stunned by the new record for a scam in Eve. I'd like to hear people's thoughts on what impact this will have in the game. 500 bil represents somehting like 1/500th of the entire money supply of eve. Ebank is experiencing a run on deposits and is facing real solvency issues. What is the overall impact this is going to have on Eve's economy? Total isk stolen amounts to a little under 10% of E-Banks total assets, i.e. there is no solvency issue.
TheVad Amarr Metalworks	Posted - 2009.06.10 18:03:00 - [5] Edited by: TheVad on 10/06/2009 18:03:12 Did you even bother to read the other 4 threads? - Riddic took 200B not 500B - EBANK is very solvent Can a moderator please close this thread as we alreayd have several threads on this subject and this threads adds zero value. TheVad EBANK Staff\| www.eve-bank.net
John D03	Posted - 2009.06.10 18:12:00 - [6] The cover up by EBANK is strong in this thread. As Ebank has been forced to acknowledge elsewhere, Ricdic also gave an unsecured loan of 275 Bil to one of his alts, as well as keeping an unknown amount that was sent to him for deposits during a 2-3 lag before Ebank stopped hiding this scam from the public. 500 Bil is the number, despite the lying going on in this thread by Ebank.
Alexeph Stoekai Stoekai Corp	Posted - 2009.06.10 18:15:00 - [7] As far as I can tell, there's only been a single comment from anyone associated with EBANK in this thread, and his comment was "Hardly". Now go away, you're not wanted here. -----
Meiyang Lee Gallente Azteca Transportation Unlimited Gunboat Diplomacy	Posted - 2009.06.10 18:16:00 - [8] Originally by: John D03 The cover up by EBANK is strong in this thread. As Ebank has been forced to acknowledge elsewhere, Ricdic also gave an unsecured loan of 275 Bil to one of his alts, as well as keeping an unknown amount that was sent to him for deposits during a 2-3 lag before Ebank stopped hiding this scam from the public. 500 Bil is the number, despite the lying going on in this thread by Ebank. Even if it was 500 billion, that's still only 21,7% of E-Banks assets, I wouldn't call that an unrecoverable loss. I.e. no big deal.
Ray McCormack hirr	Posted - 2009.06.10 18:17:00 - [9] I heard it was five thousand trillion and the first born of all directors. WTS Tech II Component BPO Sets \| Auction Prowler
Johnny Darkseid Caldari School of Applied Knowledge	Posted - 2009.06.10 18:22:00 - [10] I heard that the backyard bbq where all the e-bank members gather once a year to socialize and plan out the next years sca.. err goals is going to be pretty fancy this year with full catering and exotic dancers.

Banana Torres The Green Banana Corporation	Posted - 2009.06.10 18:32:00 - [11] Originally by: Meiyang Lee Even if it was 500 billion, that's still only 21,7% of E-Banks assets, I wouldn't call that an unrecoverable loss. I.e. no big deal. The official statment used the term deposits, not assets. I agree if it is assets then it is no big deal. But if it is deposits then it is a very big deal (deposits are actually liabilities not assets). More than enough to kill any bank. And EBANK doesn't have the taxpayers to bail them out. If I had money in EBANK I would be getting it out, now. Unlike wot I did with Icesave. Which is why I have knowledge of what happens when banks go bust.
Mazzarins Demise Profit Development and Research Association	Posted - 2009.06.10 18:32:00 - [12] I guess you forgot the EIB scam which was closer to 700 bil if my recollections are correct.
Pnandor	Posted - 2009.06.10 18:39:00 - [13] Ricdic is proly in Thailand and laughs!
Akita T Caldari Navy Volunteer Task Force	Posted - 2009.06.10 18:40:00 - [14] Originally by: John D03 500 Bil is the number, despite the lying going on in this thread by Ebank. And you know this so clearly because... why exactly ? Do you claim to be an alt of an Ebank member that knows too much, or maybe even an alt of Ricdic ? EVE issues\|Mining revamp\|Build stuff\|Make ISK
Apoctasy The Python Cartel.	Posted - 2009.06.10 18:41:00 - [15] Originally by: Mazzarins Demise I guess you forgot the EIB scam which was closer to 700 bil if my recollections are correct. I was just thinking this. The new 200-500 bil scam is surely no problem for them.
Susan Kennedy Gallente Eddie Murphy Appreciation Society Chubby Chuppers Chubba Chups	Posted - 2009.06.10 18:41:00 - [16] People are already clamoring to get their isk out. Best get your withdrawl demand in fast - or you'll be left out. RUN ON THE BANK.... RUN ON THE BANK...
EnslaverOfMinmatar Amarr Viziam	Posted - 2009.06.10 18:58:00 - [17] Those people who will try to withdraw their isk last will not be able to do so, because there will be not enough money haha uʍop ǝpısdn ǝɹnʇɐuƃıs ʎɯ ƃuıpɐǝɹ ǝɹɐ noʎ
LaVista Vista Conservative Shenanigans Party	Posted - 2009.06.10 19:00:00 - [18] Originally by: EnslaverOfMinmatar Those people who will try to withdraw their isk last will not be able to do so, because there will be not enough money haha Not exactly. EBANK isn't going to collapse. We will honor everything, right up till the last ISK.
Faith O'Siras	Posted - 2009.06.10 19:02:00 - [19] So is EBANK going to need a tax-payer bailout?
LaVista Vista Conservative Shenanigans Party	Posted - 2009.06.10 19:06:00 - [20] Originally by: Faith O'Siras So is EBANK going to need a tax-payer bailout? No

Hazlock Amarr Tolerance Training Academy	Posted - 2009.06.10 19:06:00 - [21] So Ridic turned out to be a bad egg. I have faith in E-Bank and will keep my meagre funds in there.
Hexxx Minmatar	Posted - 2009.06.10 19:07:00 - [22] Originally by: Faith O'Siras So is EBANK going to need a tax-payer bailout? Only if you pay me taxes. =P It is kind of funny how similar the issues are between in-game banks and RL banks though. EBANK - Chairman of the Board \| www.eve-bank.net
Dirk Magnum Royal Hiigaran Navy SCUM.	Posted - 2009.06.10 19:13:00 - [23] These threads would be more entertaining if peppered with references to an intergalactic conspiracy of Jewish bankers, tbh.
Julius Rigel House Rigel	Posted - 2009.06.10 19:17:00 - [24] Originally by: Hexxx It is kind of funny how similar the issues are between in-game banks and RL banks though. The only funny thing about it is how fudged up the RL issues are in comparison.
Taelech Caldari Caldari Design and Cryogenics	Posted - 2009.06.10 19:25:00 - [25] Originally by: Susan Kennedy People are already clamoring to get their isk out. Best get your withdrawl demand in fast - or you'll be left out. RUN ON THE BANK.... RUN ON THE BANK... You're thinking of this bank all wrong. As if they had the money back in a safe. The money's not there. Your money's in Chribba's starbase; that's right next to yours. And in the Kennedy fleet, and Mrs. O'Ninetails's ships, and a hundred others. Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?...Now wait...now listen...now listen to me. I beg of you not to do this thing. If Mr Potter gets hold of this bank there'll never be another decent ship built in this 'verse. He's already got charge of Concord. He's got InterBus. He got the Empire Markets. And now he's after us. Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his slums and paying the kind of rent he decides.
Hurtado Soneka Caldari State Protectorate	Posted - 2009.06.10 19:31:00 - [26] Originally by: Dirk Magnum These threads would be more entertaining if peppered with references to an intergalactic conspiracy of Jewish bankers, tbh. lol why do you think everybody is guessing so badly about all this, the jewish bankers never fail...
Johnny Darkseid Caldari School of Applied Knowledge	Posted - 2009.06.10 19:31:00 - [27] Originally by: Taelech Originally by: Susan Kennedy People are already clamoring to get their isk out. Best get your withdrawl demand in fast - or you'll be left out. RUN ON THE BANK.... RUN ON THE BANK... You're thinking of this bank all wrong. As if they had the money back in a safe. The money's not there. Your money's in Chribba's starbase; that's right next to yours. And in the Kennedy fleet, and Mrs. O'Ninetails's ships, and a hundred others. Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?...Now wait...now listen...now listen to me. I beg of you not to do this thing. If Mr Potter gets hold of this bank there'll never be another decent ship built in this 'verse. He's already got charge of Concord. He's got InterBus. He got the Empire Markets. And now he's after us. Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his slums and paying the kind of rent he decides. Alas in this dark forboding universe that is eve Mr. Potter had George Baily podded and still sits in his wheelchair gloating about it in his study.
Seamus OReilly	Posted - 2009.06.10 19:57:00 - [28] Originally by: Taelech Originally by: Susan Kennedy People are already clamoring to get their isk out. Best get your withdrawl demand in fast - or you'll be left out. RUN ON THE BANK.... RUN ON THE BANK... You're thinking of this bank all wrong. As if they had the money back in a safe. The money's not there. Your money's in Chribba's starbase; that's right next to yours. And in the Kennedy fleet, and Mrs. O'Ninetails's ships, and a hundred others. Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?...Now wait...now listen...now listen to me. I beg of you not to do this thing. If Mr Potter gets hold of this bank there'll never be another decent ship built in this 'verse. He's already got charge of Concord. He's got InterBus. He got the Empire Markets. And now he's after us. Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his slums and paying the kind of rent he decides. /thread http://www.nbc.com/Saturday_Night_Live/video/clips/its-a-wonderful-life-lost-ending/278775/
Steve Celeste Caldari Caldari Provisions	Posted - 2009.06.10 20:17:00 - [29] Conforming that Ricdic is Madoff's alt.
Jimer Lins Gallente Noir.	Posted - 2009.06.10 20:26:00 - [30] So what's the over/under on the point of actual implosion? Nobody in their right mind will deposit any longer, and I'd be surprised if there's not a massive run on it now. Corp killboard-How to Kill Logoffskis

YunFu Yan Yan Enterprises	Posted - 2009.06.10 21:43:00 - [31] Deposits are on hold for the simple reason alone, that the deposit character is gone. Personally i won't touch my deposits even though they total several billion ISK. I have confidence in eBank to handle this.
Sun Clausewitz	Posted - 2009.06.10 22:24:00 - [32] Call Obama, he'll hook you up. Socialism FTW
Sosus Red Caldari Merrill's Marauders Crimson Dragons	Posted - 2009.06.10 23:12:00 - [33] maybe EBank can get in on this scam
Nooma K'Larr Minmatar	Posted - 2009.06.10 23:14:00 - [34] Why was Ridic or whatever his name is, banned? Isnt scamming a part of the game? ___________________________________________________ Idea: Train 3 alts at the same time solution.
Clair Bear Perkone	Posted - 2009.06.10 23:27:00 - [35] Originally by: Nooma K'Larr Why was Ridic or whatever his name is, banned? Isnt scamming a part of the game? Real money trade. He sold what he scammed. I'm amazed at people's ability to do risk/reward analysis. The reward of keeping your money in during troubled times is a few days interest at 3%. At the risk of possiblye total equity loss if you're the one standing once the music stops. But yeah, faith sustains. Keep the faith. And in summary, bigger blobs are the answer. Now what was the question?
Blane Xero Amarr The Firestorm Cartel	Posted - 2009.06.10 23:41:00 - [36] Originally by: Nooma K'Larr Why was Ridic or whatever his name is, banned? Isnt scamming a part of the game? He was involved in some form of Real-Money-Trading involving the Isk. That was his motives for taking it.
Soldis Minmatar Privateers Privateer Alliance	Posted - 2009.06.11 03:01:00 - [37] Anyone who had read Ricdic's past postings on the Market section would know that he supported and cheered over a previous bank scam, and a lot of us even mentioned it in the Market forum, but the "regulars" all white-knighted him because con men help each other out. The only safe isk is isk in your own hands. This ain't over.
Eventy One Magellan Exploration and Survey	Posted - 2009.06.11 03:09:00 - [38] Yes, but it does raise a valid question: Why the heck would anyone deposit into ebank anyway? What the heck is wrong with using a players built in account options? I have no sympathy.
Kaisa Decko	Posted - 2009.06.11 03:28:00 - [39] Edited by: Kaisa Decko on 11/06/2009 03:29:17 Originally by: Eventy One Yes, but it does raise a valid question: Why the heck would anyone deposit into ebank anyway? What the heck is wrong with using a players built in account options? I have no sympathy. You know that you don't just store the money there for no reasons right?
Iateyourgoatforbreakfast	Posted - 2009.06.11 03:40:00 - [40] Shame shame shame! EBank is going to continue to rip people off, I sure hope people stop investing.

Jin Nib	Posted - 2009.06.11 03:43:00 - [41] Originally by: Iateyourgoatforbreakfast Shame shame shame! EBank is going to continue to rip people off, I sure hope people stop investing. Um why? Also I should point out that someone ripped EBank off, not the other way around.
Iateyourgoatforbreakfast	Posted - 2009.06.11 03:48:00 - [42] Originally by: Jin Nib Originally by: Iateyourgoatforbreakfast Shame shame shame! EBank is going to continue to rip people off, I sure hope people stop investing. Um why? Also I should point out that someone ripped EBank off, not the other way around. I see what you did there. I wish I could see the world like you do. Blindly!
Jin Nib	Posted - 2009.06.11 04:06:00 - [43] Originally by: Iateyourgoatforbreakfast Originally by: Jin Nib Originally by: Iateyourgoatforbreakfast Shame shame shame! EBank is going to continue to rip people off, I sure hope people stop investing. Um why? Also I should point out that someone ripped EBank off, not the other way around. I see what you did there. I wish I could see the world like you do. Blindly! Yeah I asked a question which you didn't answer, and pointed to the correct arrangement of events which you ignored. Thanks for the pointless ad hominem though I appreciate it.
Iateyourgoatforbreakfast	Posted - 2009.06.11 04:15:00 - [44] Originally by: Jin Nib Originally by: Iateyourgoatforbreakfast Originally by: Jin Nib Originally by: Iateyourgoatforbreakfast Shame shame shame! EBank is going to continue to rip people off, I sure hope people stop investing. Um why? Also I should point out that someone ripped EBank off, not the other way around. I see what you did there. I wish I could see the world like you do. Blindly! Yeah I asked a question which you didn't answer, and pointed to the correct arrangement of events which you ignored. Thanks for the pointless ad hominem though I appreciate it. You really do live in your own world. Congratulations. Any way you choose to look at it the "thief" as you say was a huge part of EBank internally. We are not talking about someone OUTSIDE of EBank, so your label of "thief" really doesn't fit now does it?
Dirk Magnum Royal Hiigaran Navy SCUM.	Posted - 2009.06.11 04:28:00 - [45] Originally by: Iateyourgoatforbreakfast You really do live in your own world. Congratulations. Any way you choose to look at it the "thief" as you say was a huge part of EBank internally. We are not talking about someone OUTSIDE of EBank, so your label of "thief" really doesn't fit now does it? Sure it does. Idi Amin, Imelda Marcos, and all those ex-Soviet arms dealers all struck it rich stealing from internal sources. The money wasn't Ricdic's to take. EBank wasn't "donate money to Ricdic Inc.", so I think the label of "thief" applies just fine.
Amarrlookindude	Posted - 2009.06.11 04:31:00 - [46] Edited by: Amarrlookindude on 11/06/2009 04:31:32 Originally by: Dirk Magnum Originally by: Iateyourgoatforbreakfast You really do live in your own world. Congratulations. Any way you choose to look at it the "thief" as you say was a huge part of EBank internally. We are not talking about someone OUTSIDE of EBank, so your label of "thief" really doesn't fit now does it? Sure it does. Idi Amin, Imelda Marcos, and all those ex-Soviet arms dealers all struck it rich stealing from internal sources. The money wasn't Ricdic's to take. EBank wasn't "donate money to Ricdic Inc.", so I think the label of "thief" applies just fine.
Dramaan	Posted - 2009.06.11 04:33:00 - [47] LaVista Vista you probely won't rember this but in a old tread clamed that it whoud not be profit to scam the bank the way you set up the bank? Do he lost alot of isk to scam the bank? How do keep tabs on all the isk by the way(im not ebank customer so im wondering)?
Iateyourgoatforbreakfast	Posted - 2009.06.11 05:40:00 - [48] What is sickening is that all of these EBank alts are posting "thief" and trying to make it sound as though it was someone outside of their establishment. Disgusting! Like it or not, it was an inside job and a scam on peoples money. A scam is a scam period and Ricdic scammed EBank therefore EBank scammed it's contributors.
Xianbei	Posted - 2009.06.11 06:05:00 - [49] Originally by: Meiyang Lee that's still only 21,7% of E-Banks assets... I.e. no big deal. still ? only ? no big deal ?
Flex Carter Caldari Caldari Independant Mining Association	Posted - 2009.06.11 07:34:00 - [50] This is the main reason I keep all my Isk under my mattress.... Gotta luv it when the financial institute starts spend control.

Tiny Tove	Posted - 2009.06.11 08:37:00 - [51] So there I was thinking... where can I put my isk that's safer than my waller? And I came up with an answer... give it somebody else! That way not only is it safer than my waller, but when I want to buy something, I have to wait 2 days to get at my money, by which time I will have had a reality check and decided that I don't need that item after all. Unless there was some sort of RL incentive that involved loose women who are prepared to travel, I will never see the point in game banks. Perhaps it's a Role Play thing, some people just itch to be bankers.... Christ... I just depressed myself.
Ryoji Tanakama Caldari Iron Industries Invictus Imperium	Posted - 2009.06.11 11:23:00 - [52] Originally by: Clair Bear Originally by: Nooma K'Larr Why was Ridic or whatever his name is, banned? Isnt scamming a part of the game? Real money trade. He sold what he scammed. I'm amazed at people's ability to do risk/reward analysis. The reward of keeping your money in during troubled times is a few days interest at 3%. At the risk of possiblye total equity loss if you're the one standing once the music stops. But yeah, faith sustains. Keep the faith. That just proves how close to a real economy EVE can get in my opinion. Currency in any form (a few lumps of metal or scraps of paper) has its entire value defined by the faith of the people using it. This is now Zimbabwe can have bank notes worth less than the value of the paper they are made of. Recession and financial crises are a loss in faith in the value of money when you get down to the most basic level.
Chainsaw Plankton IDLE GUNS IDLE EMPIRE	Posted - 2009.06.11 12:06:00 - [53] zomg someone sets up internet spaceships bank and scams it, who didn't see this coming?
Dapto Minmatar Dissolution Of Eternity Ethikos Trade Alliance	Posted - 2009.06.11 12:20:00 - [54] Originally by: Chainsaw Plankton zomg someone sets up internet spaceships bank and scams it, who didn't see this coming? Ur so right chainsaw - anyone draw any parrallels ?
Oriodus Comrades in Construction	Posted - 2009.06.11 12:50:00 - [55] Originally by: Flex Carter This is the main reason I keep all my Isk under my mattress.... Did you hear about the Israeli woman who threw her mothers mattress out?... Oops!!!...
Ms Delerium	Posted - 2009.06.11 13:31:00 - [56] Originally by: LaVista Vista Not exactly. EBANK isn't going to collapse. We will honor everything, right up till the last ISK. yeah, right, you sound too convincing by the way, 500B are something like 15,000 real life US dollars. That player must be driving a new car and laughing so hard at you spaceship faithful dudes roflmao!!11
Robot Robot	Posted - 2009.06.11 13:54:00 - [57] I would like to know where the OP got the 500 bil number. I have no relationship or financial interest in E-Bank. I've never made a deposit and don't know any of the people involved. I'm just a curious bystander. From the other threads, the information made available has suggested that total ebank losses are: 200 billion stolen by Ricdic. 275 billion lost as a result of an unsecured loan to an unidentified third party defaulting. Now the timing and the fact that Ricdic is admitted to have been involved in approving the loan is certainly suspicious. But I haven't yet seen anything with non-circumstantial evidence suggesting that that defaulted loan actually ended up in Ricdic's pockets. And even if it did, 475 billion is not 500 billion. Precision counts for something when making bold declarative statements.
Heilath Gallente Whya Corp.	Posted - 2009.06.11 14:18:00 - [58] Originally by: Iateyourgoatforbreakfast What is sickening is that all of these EBank alts are posting "thief" and trying to make it sound as though it was someone outside of their establishment. Disgusting! Like it or not, it was an inside job and a scam on peoples money. A scam is a scam period and Ricdic scammed EBank therefore EBank scammed it's contributors. What is most amusing is all the other alts claiming foul play and trying to increase any insecurity... Now who might benefit from something like that.. hmm.. maybe another EVE related bank, I wonder.. :) ___ People call me apathetic, but I really don't care.
Hobgoblin ll	Posted - 2009.06.11 14:48:00 - [59] Hi, I'm the guy who ran away with 200b in the Eve-Bank scam. I'd like to share my new wealth and give some isk to YOU. Please send me a random amount of isk between 10 million and 200 billion and I'll send you back 3 times as much.
Chantilly Layce	Posted - 2009.06.11 14:49:00 - [60] ...what I find more amusing is that criminal history is full of so many cases of complex and/or multiple-stage cons that start out like this....folks can draw their own conclusions as to what may, or may not, happen next -- seeing as how there is a real life context to this whole issue, RMT. And y'all only thought it happened in RL. <snort!!!!> Ain't no "bailouts" here, baby.

Sophia Truthspeaker Imperial Shipment	Posted - 2009.06.11 14:57:00 - [61] Originally by: Hobgoblin ll Hi, I'm the guy who ran away with 200b in the Eve-Bank scam. I'd like to share my new wealth and give some isk to YOU. Please send me a random amount of isk between 10 million and 200 billion and I'll send you back 3 times as much. Reported because of RMT... enjoy your ban
EpicFailTroll	Posted - 2009.06.11 15:13:00 - [62] Serves you right! you bring pathetic RL stuff into what is supposed to be a game, you only deserve to be robbed blind of your time spent. Creating money out of money is a scam, the dilution of wealth, debt for everyone but the big players, and an all-around abomination. I wish he had taken out more, effectively putting this virtual establishment into bankruptcy. This has no place in a game. Now, if the Bank of Luminaire could be co-managed by npcs and players, i wouldn't see any problem. Hats off to you Ricdic! i hope you managed to sell a lot of this virtual money, and that you put the RL money to good use, i.e. creating wealth, not debt.
Anubis Xian Reavers	Posted - 2009.06.11 15:21:00 - [63] Originally by: Iateyourgoatforbreakfast What is sickening is that all of these EBank alts are posting "thief" and trying to make it sound as though it was someone outside of their establishment. Disgusting! Like it or not, it was an inside job and a scam on peoples money. A scam is a scam period and Ricdic scammed EBank therefore EBank scammed it's contributors. Turn your fantasy world into an mmo so we can all live in it. Originally by: CCP Oveur The client handles no logic, it is simply a dumb terminal. The AB/OD Fix
Hexxx Minmatar	Posted - 2009.06.11 15:40:00 - [64] Edited by: Hexxx on 11/06/2009 15:40:31 Originally by: EpicFailTroll Serves you right! you bring pathetic RL stuff into what is supposed to be a game, you only deserve to be robbed blind of your time spent. Creating money out of money is a scam, the dilution of wealth, debt for everyone but the big players, and an all-around abomination. I wish he had taken out more, effectively putting this virtual establishment into bankruptcy. This has no place in a game. Now, if the Bank of Luminaire could be co-managed by npcs and players, i wouldn't see any problem. Hats off to you Ricdic! i hope you managed to sell a lot of this virtual money, and that you put the RL money to good use, i.e. creating wealth, not debt. And the fractional-reserve model is evil and we should bring back the gold standard, etc, etc. I've heard this song and dance before.
Eventy One Magellan Exploration and Survey	Posted - 2009.06.11 15:45:00 - [65] Originally by: Kaisa Decko [You know that you don't just store the money there for no reasons right? Oh - that risk vs reward idea? Players risk trillions of ISK (against theft) in the hope of a small reward on investment? Well although risk-vs-reward is part of EVE - so is stupidity.
EglantinFinfleur Northern Intelligence	Posted - 2009.06.11 16:22:00 - [66] Edited by: EglantinFinfleur on 11/06/2009 16:23:15 That's a sad story there. He could have bought GTCs with the isk instead.
Kephael Caldari Cursed Souls Vort3x.	Posted - 2009.06.11 16:53:00 - [67] Banks are stupid and just a long term scam, keep your isk in your wallets.
Sun Clausewitz	Posted - 2009.06.11 17:43:00 - [68] Originally by: Kephael Banks are stupid and just a long term scam, keep your isk in your wallets. DO you keep your money in a jar ontop of the fridge, buried in a tin can in the back yard, or stacked under your matress???
Eventy One Magellan Exploration and Survey	Posted - 2009.06.11 17:49:00 - [69] Originally by: Sun Clausewitz Originally by: Kephael Banks are stupid and just a long term scam, keep your isk in your wallets. DO you keep your money in a jar ontop of the fridge, buried in a tin can in the back yard, or stacked under your matress??? I think he meant in game banks are stupid - and I don't think he's the only one who thinks this. I happen to have no sympathy for those who blindly handed over piles of cash for this in game bank and its apparent ROI. Some ROI
Kephael Caldari Cursed Souls Vort3x.	Posted - 2009.06.11 17:50:00 - [70] Originally by: Sun Clausewitz Originally by: Kephael Banks are stupid and just a long term scam, keep your isk in your wallets. DO you keep your money in a jar ontop of the fridge, buried in a tin can in the back yard, or stacked under your matress??? Eve banks are not the same as real banks.

Scientific Method	Posted - 2009.06.11 18:29:00 - [71] Edited by: Scientific Method on 11/06/2009 18:30:44 Originally by: Kephael Eve banks are not the same as real banks. QFT. There is no regulation of Eve banks, so your money can in no way be considered safe. More than this, for a bank to exist, in the real world or a fictional one, it must have two sides to it - the retail side that everyone sees, and, at least to some extent, understands, which takes deposits, accrues interest to them and pays out withdrawals, and an investment side. For a bank to be real, that investment side has to exist, and it has to make a profit of at least the interest rate payed on deposits. Further, to allow for liquidity, to make a bank a profitable enterprise and to allow for those investments which go wrong, it must make significantly more than that - given the likely rate of failed investments in Eve, I would suggest 10% ROI as a bare minimum. Now, just what do these people who believe that EBANK, or any other Eve "bank" is a genuine bank, think those investments are? How many players or corps can come up with a reasonably safe means of making money, have the character skills to run it, possibly have assets to offer as security, but don't have access to the sort of cash required? I'm not saying that there aren't fairly safe investment opportunities on the scale required, but I question whether the people with those opportunities lack the cash required or are willing to pay the necessary rate of interest on a loan advanced for the purpose. Apart from anything else, the most profitable thing to do with money loaned to you by an Eve "bank" is to take the money and run. Why bother to do anything else? Maybe it's worth paying back a small loan or two at first, to establish trust, but as soon as you get the bank trusting you enough to make a big enough loan to make the theft worthwhile, you are going to steal that loan, aren't you? And there's no comeback. The bank cannot pursue defaulting borrowers any more than a depositor can pursue a defunct bank. So the investment side of a bank cannot work in Eve. The only credible source of funds to pay the interest on "bank" deposits is fresh deposits - a Ponzi scheme. The only possible reason to run an Eve "bank" is as a scam.
Eventy One Magellan Exploration and Survey	Posted - 2009.06.11 18:33:00 - [72] Originally by: Scientific Method So the investment side of a bank cannot work in Eve. The only credible source of funds to pay the interest on "bank" deposits is fresh deposits - a Ponzi scheme. The only possible reason to run an Eve "bank" is as a scam. This. QFT
Johnny Darkseid Caldari School of Applied Knowledge	Posted - 2009.06.11 18:36:00 - [73] Edited by: Johnny Darkseid on 11/06/2009 18:36:25 Originally by: Sun Clausewitz Originally by: Kephael Banks are stupid and just a long term scam, keep your isk in your wallets. DO you keep your money in a jar ontop of the fridge, buried in a tin can in the back yard, or stacked under your matress??? Actually rl banks are scams. Invest your rl monies don't chuck it in some corporate bank with a crappy return at best as they nickle and dime you to death with a fee on everything as they invest your monies and get uber rich. Hire a freakin accountant ffs.
Styxia Acheron	Posted - 2009.06.11 18:53:00 - [74] Originally by: Sun Clausewitz DO you keep your money in a jar ontop of the fridge, buried in a tin can in the back yard, or stacked under your matress??? When there are enforced laws against embezzlement and theft and when there are independent bank regulators and an FDIC in-game, you might have a point. Until then... Not so much. Any bank where an employee can walk away with however much of the depositor's money they can manage and not face any consequences beyond firing, if that, is little more then a gullibility test.
SexTrader Amarr Sex Trade	Posted - 2009.06.11 19:26:00 - [75] he should of waited till he could steal at least 650Bil + then the biggest scam would have been broken :P
Johnny Darkseid Caldari School of Applied Knowledge	Posted - 2009.06.11 19:35:00 - [76] Originally by: SexTrader he should of waited till he could steal at least 650Bil + then the biggest scam would have been broken :P Patience. Ebank isnt closed yet..
Ferkimer Burns Perkone	Posted - 2009.06.11 19:37:00 - [77] All EvE banks will be totally bogus until they make it so strangers can rob them, not just the officers.
Jin Nib	Posted - 2009.06.11 19:43:00 - [78] Originally by: Ferkimer Burns All EvE banks will be totally bogus until they make it so strangers can rob them, not just the officers.
Intrepid Dude	Posted - 2009.06.11 20:04:00 - [79] sending application to EBANK...
Weazy Z Viper Squad Triumvirate.	Posted - 2009.06.11 21:20:00 - [80] I was in an alliance with Riddic once upon a time called Dara Cothrom. Riddic was a terrible eve player and had no idea how to pvp, he just ran moon reactions, jacked up market prices in our outposts, and would occasionally x up in a golem for a roaming op (seriously). He was obviously taking isk out of the wallet of evebank to support his own ridiculous gaming habits. Anyone who trusted Evebank had probably never sat down with the CEO or witnessed how he spent isk and flew things he obviously did not earn. Its a real shock people actually trusted Eve Bank ever... it was obviously a scam and no amount of bull**** from the "Market Discussion Elite" changes that. Scam, plain and simple, and always has been. Please resize your sig to a maximum of 400 x 120 - Mitnal

Intrepid Dude	Posted - 2009.06.11 22:14:00 - [81] Originally by: Weazy Z I was in an alliance with Riddic once upon a time called Dara Cothrom. Riddic was a terrible eve player and had no idea how to pvp, he just ran moon reactions, jacked up market prices in our outposts, and would occasionally x up in a golem for a roaming op (seriously). He was obviously taking isk out of the wallet of evebank to support his own ridiculous gaming habits. Anyone who trusted Evebank had probably never sat down with the CEO or witnessed how he spent isk and flew things he obviously did not earn. Its a real shock people actually trusted Eve Bank ever... it was obviously a scam and no amount of bull**** from the "Market Discussion Elite" changes that. Scam, plain and simple, and always has been. But there are still hundreds of customers keeping their isk on EBANK
Johnny Darkseid Caldari School of Applied Knowledge	Posted - 2009.06.11 22:37:00 - [82] Originally by: Intrepid Dude But there are still hundreds of customers keeping their isk on EBANK Thats because there are still hundreds of customers who as yet have no idea that any of this has happened. Players from ingame past the mindless swarms of goonies repeatedly poasting 'lol' 'u mad' 'hurhurhur' and the ever lovely 'fofofofofofofo' in any thread that pops up in caod rarely enter the forums or even read the login news articles and so stay clueless. Tbh this is how scams thrive in eve as the vast majority of the playerbase are terribly uninformed.
LaVista Vista Conservative Shenanigans Party	Posted - 2009.06.11 22:57:00 - [83] Originally by: Weazy Z He was obviously taking isk out of the wallet of evebank to support his own ridiculous gaming habits. You realize that Ricdic wasn't exactly poor ingame, even before he made EBANK, right? I'd wager to guess he had 100bill+ to his name, at his peak.
Blane Xero Amarr The Firestorm Cartel	Posted - 2009.06.11 23:01:00 - [84] Originally by: LaVista Vista Originally by: Weazy Z He was obviously taking isk out of the wallet of evebank to support his own ridiculous gaming habits. You realize that Ricdic wasn't exactly poor ingame, even before he made EBANK, right? I'd wager to guess he had 100bill+ to his name, at his peak. This, he made half of his isk from you when he was jacking up prices in YOUR outposts, silly.
Johnny Darkseid Caldari School of Applied Knowledge	Posted - 2009.06.11 23:08:00 - [85] Originally by: Blane Xero Originally by: LaVista Vista Originally by: Weazy Z He was obviously taking isk out of the wallet of evebank to support his own ridiculous gaming habits. You realize that Ricdic wasn't exactly poor ingame, even before he made EBANK, right? I'd wager to guess he had 100bill+ to his name, at his peak. This, he made half of his isk from you when he was jacking up prices in YOUR outposts, silly. Which eventually fattened his rl wallet quite well. The fact he got so much rl monies out of it should rank it right up there at the top of eve scams tbqfh.
Jobby Minmatar UNITED STAR SYNDICATE	Posted - 2009.06.12 03:01:00 - [86] Originally by: Ray McCormack I heard it was five thousand trillion and the first born of all directors. Nah, I heard it was five quadrillion, and the first born...etc.
Rez Valintine Caldari Haunted House BROTHERS GRIM.	Posted - 2009.06.12 05:07:00 - [87] Originally by: EglantinFinfleur Edited by: EglantinFinfleur on 11/06/2009 16:23:15 That's a sad story there. He could have bought GTCs with the isk instead. Yup.. and then he could have sold the GTC's to a third party reseller at a discount. That might have been okay. If I was going to steal 200 Billion, that's what I would have done. Then I would have my cash, and my toons.
Blane Xero Amarr The Firestorm Cartel	Posted - 2009.06.12 05:50:00 - [88] Edited by: Blane Xero on 12/06/2009 05:50:45 Originally by: Rez Valintine Originally by: EglantinFinfleur Edited by: EglantinFinfleur on 11/06/2009 16:23:15 That's a sad story there. He could have bought GTCs with the isk instead. Yup.. and then he could have sold the GTC's to a third party reseller at a discount. That might have been okay. If I was going to steal 200 Billion, that's what I would have done. Then I would have my cash, and my toons. No, you wouldn't. Since a PLEX is an ingame item and selling any ingame items for RL monies is against the EULA. Welp.
Rez Valintine Caldari Haunted House BROTHERS GRIM.	Posted - 2009.06.12 08:01:00 - [89] Originally by: Blane Xero Edited by: Blane Xero on 12/06/2009 05:50:45 Originally by: Rez Valintine Originally by: EglantinFinfleur Edited by: EglantinFinfleur on 11/06/2009 16:23:15 That's a sad story there. He could have bought GTCs with the isk instead. Yup.. and then he could have sold the GTC's to a third party reseller at a discount. That might have been okay. If I was going to steal 200 Billion, that's what I would have done. Then I would have my cash, and my toons. No, you wouldn't. Since a PLEX is an ingame item and selling any ingame items for RL monies is against the EULA. Welp. Who said it had to be a plex?? Also, logging in 5 times to post.. pure win,
Blane Xero Amarr The Firestorm Cartel	Posted - 2009.06.12 08:03:00 - [90] Edited by: Blane Xero on 12/06/2009 08:03:54 Originally by: Rez Valintine Originally by: Blane Xero Edited by: Blane Xero on 12/06/2009 05:50:45 Originally by: Rez Valintine Originally by: EglantinFinfleur Edited by: EglantinFinfleur on 11/06/2009 16:23:15 That's a sad story there. He could have bought GTCs with the isk instead. Yup.. and then he could have sold the GTC's to a third party reseller at a discount. That might have been okay. If I was going to steal 200 Billion, that's what I would have done. Then I would have my cash, and my toons. No, you wouldn't. Since a PLEX is an ingame item and selling any ingame items for RL monies is against the EULA. Welp. Who said it had to be a plex?? Also, logging in 5 times to post.. pure win, Buying GTC's with ISK Is only allowed to be done via the secure method which automatically sticks the GTC to your Sub :psyduck: To clarify if your not keeping up; Buying a GTC For isk in any way that would allow you to re-sell it is against the EULA and once again, you would lose your characters

Unity Love Caldari Knights of Destiny Libertas Fidelitas	Posted - 2009.06.12 08:29:00 - [91] I always pronounced his name Ridic.... my now mine eyes hath been opened (what kind a name is ricdic anyway) Also I don't see why people are saying they have 'no sypathy for those with isk in E-Bank.' Great, unfortunately pretty moot as no-one (apart from probably the directors retirement fund) has been affected, as in anyone with iskies there can go take them out, dance around, then realise there losing interest so put them back in. Business as usual as they say.
Rex Garvin	Posted - 2009.06.12 11:40:00 - [92] Why anyone would put their ISK in a bank in a game that players take pride in how much ISK they can scam!!!
Rez Valintine Caldari Haunted House BROTHERS GRIM.	Posted - 2009.06.12 11:57:00 - [93] Edited by: Rez Valintine on 12/06/2009 11:57:36 Originally by: Blane Xero To clarify if your not keeping up; Buying a GTC For isk in any way that would allow you to re-sell it is against the EULA and once again, you would lose your characters shrug I wont go into any further detail as to how I would launder the Isk. That would be against the ToS. But I could do it in a way that would benefit CCP directly, act as an ISK sink and allow me to remain in the ToS. But I wont say how.


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