Linden Lab Destroys Virtual Bank Interest

UPDATE: Update on JT Website: “We have already moved to bring in approximately 3M to our Paypal account so that we can offer direct withdrawals via Paypal, and currently offer MoneyBookers as a second alternative withdrawal method with 2.5M in reserve.”
http://www.slcapex.com/home/story/system/1303

Linden Lab seems to have allowed banks in Second Life to get off the hook by giving a policy change 14 days in advance that interest charged to Linden accounts between avatars is illegal and against the TOS (Terms of Service).

JT Financial in Second Life is apparently defaulting on all payments and telling their customers that the money is tied up in assets. Sound familiar, this is Ginko 2.0 and they are blaming the Lindens for the problems.

TIDBIT: http://www.slcapex.com/ has reset all users passwords preventing users from logging into their website to check their balance or work with their funds. All in-world ATM’s are unresponsive.

TIDBIT: World Stock Exchange (WSE) has apparently deleted all their in-world ATM’s preventing any new transactions.

Happy New Year Linden Lab!