mastermesh
Mutated
- Joined
- Apr 21, 2007
- Posts
- 16,461
- Location
- Auction room somewhere...
- Society
- Freelancer
- Avatar Name
- Maria Mesh
5.6 - Misleading/Inaccurate Sales Threads
Information provided in Trading threads should be kept factual, verifiable and reasonable. This includes information regarding the statistics, qualities or characteristics of an item, past sales, and/or market history. The use of intentionally misleading information or highly debatable, exaggerated or inaccurate claims in Trading threads is NOT permitted, as such claims and comments invite off-topic discussion and violations of Rule 5.5 and will be deleted without notice.
Threads about 'renting' items, 'loaning items' or 'sharing' a % of some big estates seem to occur a lot in this forum... Why is that allowed since such trades are not considered 'official' by Mindark?
Clarification about Entropia Banking Operations
Since we released news about the virtual banking licenses, several questions regarding loan services and banking affairs within Entropia Universe have been raised. The main concern has been the lending of items for interest. We feel that we need to clarify our policy about this.
Recently MindArk PE AB issued official virtual banking licenses. These licenses comprise a secured bank system for processing loans and securities in the form of items. All transactions made via this official bank system, such as loans, defaults, securities, interest etc., are safe and as such guaranteed by MindArk.
By contrast, loan services offered outside this official bank system cannot be guaranteed by MindArk. If an item is exchanged between avatars, this transaction will be logged as a regular TRADE. And as all trades are final, MindArk will not investigate claims if a loan giving avatar refuses to return items or money.Many people do not fully understand the true value of their virtual items until they are lost. They will then contact MindArk PE AB for assistance and will realize that we cannot help them; this can cause a lot of unnecessary grief and frustration.
We do not wish to discourage entrepreneurship within Entropia Universe, but based on experiences from community feedback and support case history, unfortunately not all entrepreneurs offering loaning services are trustworthy members of the Entropia Universe and therefore we need to be strict in our policies in order to protect the community from scams and cheating.
Therefore, any loan services offered outside the approved bank system will be considered by MindArk as scam attempts and the avatar offering such services risk a permanent lockdown of his/her account.
As noted above, according to Mindark:
so ALL 'funds' where one avatar holds stuff that other avatars are claiming they have ownership of should be considered a potential scam in process......If an item is exchanged between avatars, this transaction will be logged as a regular TRADE. And as all trades are final, MindArk will not investigate claims if a loan giving avatar refuses to return items or money.
...any loan services offered outside the approved bank system will be considered by MindArk as scam attempts and the avatar offering such services risk a permanent lockdown of his/her account.
so uh, why are these 'potential scams' allowed here in the forums, over and over and over again?
Below are just a few links to Funds that have been mentioned in forums (some did turn out to be major scams already, some haven't yet... but that doesn't mean they won't eventually...
Mods, why are these allowed to exist here in the forum? They are not officially sanctioned by Mindark, so why are these types threads allowed here at all? Shouldn't they be deleted as soon as found by mods? If not, why not? Since you keep letting them exist, it seems to almost be encouraging folks to start up trust scams imho...
H&R
*fund*
LA Collaboration Fund
Chiee's EU-FUND - Investment Opportunity
My Money Mint add PEDS to your account value every month!!!
R&R Fund
Thread Related to R&R Fund
Pirate's Investment Fund
Entropia Investment Fund
Sell 1% of Twin Peaks Bank Fund
Hardwrath's payback post
Related thread over on ef, since ef is run by some of the same folks as pcf, etc. (so same question applies there - why is it allowed there?):
https://www.planetcalypsoforum.com/...0915-Beware-of-trust-scams-Investment-schemes
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