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MoneyFollowing the calls in Second Life by the Midas Group to boycott Hope Capital and WSE for failure to pay on bonds, WSE today declared the Midas Group bankrupt.

The full statement (below the fold) makes interesting reading in one paragraph saying "the reasons are not our concern" and in the next explaining why they think the bank went under. Nothing to do with late payments from their own bonds of course. The value of the various Midas Group bonds have been transfered to the WTF rescue scheme, straining it yet further.

[UPDATE: Midas Group have responded. Their response is also below the fold]

Continue reading WSE announces Midas Group are bankrupt

MassivelyWSE announces Midas Group are bankrupt originally appeared on Massively on Sat, 03 Nov 2007 20:45:00 EST. Please see our terms for use of feeds.

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