Linden Lab's virtual world Second Life has had to crack down on virtual banking, giving them until yesterday to shut down their operations, according to the LA Times.
The reason for Linden's action is that after the infamous Ginko Financial ponzi-scheme scam that blew up last August, Linden Lab's cool response to those scammed once the scheme was discovered, and the continued appearance of "too good to be true" investment offers, confidence and trust in Second Life's economic underpinnings has started to erode. Linden Labs must have started to figure out that if people started viewing Second Life as a place to be scammed, major corporations might start rethinking their association with it.
