Man From Pennsylvania Reportedly Arrested Over 50k Virtual Land Scam Allegation

Recently I’ve been blogging about how Second Life has been generating some good news articles. In this post however, I’m sadly reporting on something that isn’t positive. Sometimes stories appear in the news feed that aren’t current or aren’t what they seem, but I’ve now seen this story in two places.

The Reporter Times inform us : Investigation uncovers alleged land scheme in Morgan County.

Indiana Public News reports : Virtual Land Scam Of Morgan County Resident Leads To Arrest.

The case surrounds a supposed loan of over $50,000 to a man whom promised to invest that money in virtual land in Second Life. The idea was that after two years the loan would be paid back with another $10,000 on top.

Ok I would imagine plenty of us are scratching our heads now, not just about the idea that virtual land in Second Life is a good investment these days but also regarding such huge sums of money being involved here. I say this as someone who is familiar with virtual worlds and how expensive they can be as well as the rewards they can reap.

Secretary of State Connie Lawson is quoted as saying :

We’ve seen a lot of real estate scams, but we’ve not seen a virtual scam like this before, It’s amazing that people want to invest in something like this, but obviously it’s out there, it’s on the web, and people need to be aware.

I’m still scratching my head on this one. However there is gold in them there virtual world hills, it’s just hard to find.

Continue reading “Man From Pennsylvania Reportedly Arrested Over 50k Virtual Land Scam Allegation”

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