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Ginko Financial Could Be In Hot Water Again

By Chris Bennett, Tudor Carsten, Michael R. Coburn, Sarah Dale-Harris, Pablo Guzman, Danielle (Dani) Lemon, Chris Metcalfe and David Spratley

Following its demise this summer, 'self-styled' virtual bank Ginko Financial was thought to have disappeared into the ether - literally. It appears to have indirectly reared its less than popular head - on eBay no less. According to Ginko's own site, it is selling a '1U Rackmount Xeon 5160 Server' on eBay to the tune of $3200USD. Apparently the'1U Xeon server works great'. No bids however had been received as of the day of this posting.

Many believe that Ginko's failure in Second Life is the reason Linden Labs instituted its policy, to take effect today, regarding the removal of 'virtual ATMs [and] other objects that facilitate the operation or in-world banking' (see previous post).

For those looking to collect on Ginko's bad debts - chasing down hardware being sold off on eBay probably won't bring them much joy. I also wouldn't be comforted by the claim (on the eBay ad) that 'hard disk drives will be erased'.

Coverage at Virtually Blind

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Full post as published by Video Game Law Blog on January 22, 2008 (boomark / email).