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Yesterday when I posted Investor Allen's alternate avatars, there were things that were supposed to have been in process related to AIG and SLCapEx. Those circling buzzards you saw were rumors at the time, but they fell upon the reality of the situation with vigor. Today, Arbitrage Wise posted this:

Upon advice and counsel regarding the recent discovery of activities involving Investor Allen, we have been instructed to not conduct any further transactions or fulfill obligations with AIG or Investor Allen, including compensating AIG shareholders, releasing Investor Allen's SLCX shares or making further payments to Investor Allen. The current situation is subject to civil and potential criminal litigation. We are bound at this time to maintain all records as existed at the instant of discovery. No further comments can be made at this time regarding the current situation, and all parties involved must seek their own legal counsel involving the activities of AIG and Investor Allen.

Arbitrage Wise
Chairman, SL Capital Exchange
CEO, JT Financials

Let's back up. Remember the buyout of AVIX by JT Financial which spawned SLCapEx? Here's the original press release:

Wise Metaverse C.E.O. Arbitrage Wise announced today that JT Financial Bank, one of Second Life's largest financial institutions, has acquired 70% of the Allenvest International Exchange represenging 53.2 million shares from Allenvest Investment Capital C.E.O. Investor Allen, assuming all management responsibilities for the virtual securities exchange. Allenvest Investment Capital will continue to manage AVIX under the full supervision of JT Financial until full system integration is complete and a final switch has been made.

Terms for the sales of majority stake in AVIX is 1,000,000L cash upfront with 7,000,000 to be paid within 1 calendar year.

Now, lets connect the dots: AIG was supposed to collect 7,000,000 from JT Financial/AVIX, but that deal has fallen through - meanwhile, SLCapEx retains everything which they got for 1,000,000 Linden dollars instead of the total of 8 million Linden dollars that was supposed to be paid. I bet Investor Allen is feeling a little duped at this point, but he was delisted for fraud:

...Investor Allen was delisted due to extreme lies to the exchange and to the market. RL information provided was a lie and if many remember, Sal Ackland owes a lot of people a lot of money and this will explain the disappearing acts and the fraud...

So - Investor Allen caused AIG to be delisted, Arbitrage Wise (who has a turbulent history with Sal Ackland) isn't going to pay 7 million Linden dollars, and the AIG shareholders are screwed both ways. I understand that Investor Allen would be given the boot given his history of avatars. What I do not understand is why AIG shareholders who were not aware of this will be made to pay the price for the duplicity of one actual person.

There should be a better way. 7 million Linden dollars, though - that would be quite a temptation.