Originally by: Catarrh Ague

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Ray,

I note the following from section 8 of the EBANK Terms and Conditions:

òEBANK reserves the right to modify this document at any time, but will ensure that any negatively affected customer's [sic] will be notified in advance and given the option to remove all funds from their EBANK account as a direct result of those negative changes.

I was not notified of the requirement to provide my limited API prior to the institution of this requirement. I hereby call upon EBANK to fulfill this provision of the EBANK Terms and Conditions and return all monies that I have on account with EBANK.

Best regards,
Catarrh

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Originally by: Frenden Dax

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Originally by: Amarr Citizen 155

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Thanks for your help ... I'm sorry ...Kind regards

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Who are you, and what have you done with AC155.

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Originally by: TrojanFresh

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http://www.youtube.com/watch?v=DRk5YBjXsxE

Just lol every ebank post since this.

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Originally by: Kalrand

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Originally by: Dzil

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likewise anyone "scamming" ebank henceforth being granted amnesty.

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Does ray's word that someone defaulted on an obligation to ebank mean they are a scammer in the eyes of the general public at this point?

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Originally by: Marara Kovacs

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I have an ebank account and I cant log in to the website... Im not trawling through all hte posts to look if this is a regular problem, so im just asking here: Why cant I log into my account, and who do i contact about it?

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Originally by: SetrakDark

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2009.11.22
Suspense Accounts
After six months any balances remaining in suspense accounts will be written off.

Suspense1,305,137,714,392
Retained Income(1,218,502,470,741)

Did you guys expect so little to be claimed? This is crazy.

I thought you'd burn off a few hundred bil; this looks like you might even end up in the black.

Sort of a bittersweet "recovery", no?

(This is as untrollish as I could be. I honestly tried)

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Originally by: Dasola

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Correct, they hide details, have no plans, cant even blody manage to reach goals they set themselfs. And we should trust these clowns to return your money?

in my book i count Ebank as lost.

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Originally by: admiral fovios

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Originally by: SetrakDark

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Originally by: Shiva Andromeda

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Without criticizing the decisions made, what is the rationale behind trying to recover? I dont understand how the current progress is worth the time and effort and negativity. What does anyone gain?

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Nothing.

It was an obviously bad decision 6 month ago, and the result is what was predicted, but worse.

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Of course there was a rationale behind it. Look at it from the point of view of people who suddenly found themselves in control of Ebank. You know, the ones without the personability, smarts, skills or ability to inspire confidence necessary to build a large venture themselves (or even the wherewithal to spot an ongoing scam when provided with inside information.)

Lots of people would have taken the money remaining and run. But these people, the current board, they have standards. Well, they think they do anyway. And also, they wanted respect and power that they would never get except in cluster**** circumstances, like the present. Simply giving the money back would have garnered temporary respect, but realistically they knew they'd be quickly forgotten as a footnote in a scam. And that they would never be able to build something like this from the ground up themselves.

So how could they keep getting respect and attention? "We'll rebuild Ebank!" they decided. They set a timeline of about a year to restore accounts to 100% of their value at the time of the failure.

Okay, so they crapped all over peoples trust in attempting to accomplish this goal, but as noted above, they have no people skills or idea how real people think or would react. And, they assumed that everyone playing the game is a moron and wouldn't notice that many people would get back to 100% if the 30% remaining was delivered into their hands rather than leaving it with Ray and crew. But hey, they were still going to get respect by rebuilding. And at least dumb people would keep their money with them once accounts were reopened. GO PLAN!

Oh wait. After a few months, the asset growth was pathetic. Turns out EVE doesn't lend itself well to massive investment funds; scams are rampant. So getting back to 100% is going to take years. (look up how long it would take to double your money assuming a relatively attainable 6% growth a month, and see why they fail so hard).

So, they try a few things: "Lets try ham handed market manipulation! Hrm, not enough. Hey, look at MD! This Pheonix fund is a great idea! Lets steal that!" This last one is actually a moment of lucidity: the only way they're going to get accounts back to 100% is by making 60% of the accounts disappear. So they settle on a plan whereby any one who goes inactive loses their money.

Funny part is, they honestly think people will be too clued out to see how they achieved their goal i.e. that they restored accounts to 100% by reducing what constitutes 100% to 30%ish. They must believe that people will keep their money in Ebank once things are reopened. This is hilarious, because they've already selected out everyone who's no clued in (they're the ones losing their accounts at paying for that return to 100%). The only people who will have the chance to get their money back are the people who will immeidately pull it out and never return.

So in the end, Ray and crew will be left with no respect and no power. There's a 50/50 chance that at least one will help themselves to the remaining cash for their unappreciated (because it was unwanted) efforts.

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