Originally by: Syphal

---

Edited by: Syphal on 14/10/2009 10:45:40

Originally by: LaVista Vista

---

I disagree with your conclusion that they were operating a "scam ring". However Sentryraven is of great value to the EBANK operation, as he operates the forums and helpdesk.

---

So far KIA has given EBANK's victims a director who turned out to be a hypocrite, a director who turned out to be a thief, and a crippling 275B ISK default. As an organization it has caused more cumulative financial damage than Ricdic's embezzlement.

The bank always vaunted its political neutrality. Can that claim still be taken seriously, or could it simply be coincidence that one alliance with three senior members on the board not only received massive preferential, unsecured loans, but is ultimately responsible for most of the current deficit?

---

Originally by: LaVista Vista

---

Originally by: Ambo

---

Well sure, but they are questions that should be answered none the less.

To a neutral observer (i.e. me) it looks like KIA got a massive loan with no collateral, then defaulted. Despite this, high level KIA members are still a part of ebank.

It certainly seems rather odd. Unless of course these facts are wrong. They are mostly just hearsay after all.

---

I see how it might look odd. But here's the deal:

KIA has always been a fairly large customer for EBANK. At some point, they wanted to take out another loan for some alliance stuff(Funding alliance building and selling or whatever). Given the track-record, the board agreed to extend this loan.

The alliance program was an operation that several corporations had access to, one of them are known as "Divine Power". Basically they decided that seeing some odd 250bill worth of stuff in a hangar was too much, and they nicked it.

That's the very simple outline of what happened. There's a few minor details, however they have no impact on the reasonable conclusion, which is: KIA did not act maliciously towards EBANK, but was a victim just as EBANK is.

Of course, in hindsight this was handled very poorly. But that's another story.

Kicking the person who has put lots of work into EBANK infrastructure, which helps the customers, is an irrational witch hunt. Hence, Sentryraven stayed onboard(I'm saying this from my point of view, I have absolutely no say in the matter)

---