Bank of Orbis Liquidation

[cctmsp13]

The assets of the former Bank of Orbis are now in the custody of Yarr.  After discussion with the appropriate parties, Yarr will begin liquidation of those assets.  The first phase will be the return of any moneys or resources that were stored with The Bank of Orbis for safekeeping.  It appears that we will be able to return these assets in full.

For individual nations, the return will be by direct transfer from Yarr Bank to the individual nations.  This will take some time, as there are over 160 individual accounts to process.  Nations with larger balances will be contacted before transfer to ensure they are prepared to receive the transfer (some accounts had >$1 billion)  Nations with smaller amounts will just receive it without being contacted.

For alliances with safekeeping accounts, they will be transferred to temporary Yarr accounts until such time as we can contact the alliance and either arrange a transfer or convert it to a permanent Yarr account

Not included in the first phase are those who invested in mutual funds or held shares of the Bank of Orbis.  Those will be paid out at a later date as the amount they receive is dependent on funds remaining after this first phase.

I will post updates to this topic as the distribution progresses.

Status update (2/5 08:46am game time)

Of the 163 Bank of Orbis Safekeep accounts
101 have been sent
12 are delete/banned nations
6 big accounts (values > 250M) waiting for reply
8 short inactive (less than 1m)
16 1m+ inactive
11 VM
9 are losing wars or in blockade

We will keep trying the inactive and war people

Vaults have begun to be sent out

See new reply for update on shares situation

Edited February 5, 2023 by cctmsp13
status update

[Buorhann]

>1 billion

wtf is hoarding that many pixels?  Spend that shit.

[Denison]

This is some braindead micro shit, holy !@#$. 

[Vincipela]

Glad I could be of some assistance.

I wish the best to all Bank of Orbis customers and I believe we have found that we will be able to cash out all active nation's auto accounts and all alliance accounts. I would like to thank Atlan, Borg, Cctmsp13, ChrisNorcas, Germanicus of Rome, Lysander, Mega, and Xi Jinping for their commitment to transparency when it comes to the liquidations.

Whatever Tiberius and Daxx were attempting to do at the end, I am glad the theft was not allowed to happen. I hope that no one believes Tiberius's attempts to cover his own failure to steal Bank of Orbis's funds and his attempts to blame Germanicus for the failed coup of Rome. Good luck to all members Rome.

26 minutes ago, Buorhann said:

>1 billion

wtf is hoarding that many pixels?  Spend that shit.

You'd be surprised, there were a number of times in BoO that individual accounts went well over 2b.

Edited February 2, 2023 by Vincipela

[LachlanPnW]

@TiberiusYou've made a real smart decision 

[hidude45454]

Just don't return the holdings to anyone so they learn the hard way never to trust a b*siness again

[Gideon]

Boooo after all that drama, you should have just stolen it 

[Majima Goro]

Hi, I would like to claim 50bn of whatever BOO had pls.

All banks are scam. Instead of investing in a bank, invest in your own nation. If you are thinking of investing in a bank, invest in BABAI instead.

[Alan]

Congratulations to @Borg for seeing an issue, acting on it and then having results.

We appreciate everyone that came to the Micro-Minute and other news agencies with their logs and stories about the corruption behind BoO and Roman Empire.
Tyranny and stupidity can be overcome. Speak up.

[Edward XII]

Well this is good news. I'm so glad that the funds were able to be recovered. 

Edited February 2, 2023 by Edwardmbe

[aFemz]

Based

[Kyubnyan]

>Another bank dies

Love to see it. Only people you should trust to hold onto your money is your alliance and me (of course).

[Han Solo]

6 hours ago, Vincipela said:

Glad I could be of some assistance.

I wish the best to all Bank of Orbis customers and I believe we have found that we will be able to cash out all active nation's auto accounts and all alliance accounts. I would like to thank Atlan, Borg, Cctmsp13, ChrisNorcas, Germanicus of Rome, Lysander, Mega, and Xi Jinping for their commitment to transparency when it comes to the liquidations.

Whatever Tiberius and Daxx were attempting to do at the end, I am glad the theft was not allowed to happen. I hope that no one believes Tiberius's attempts to cover his own failure to steal Bank of Orbis's funds and his attempts to blame Germanicus for the failed coup of Rome. Good luck to all members Rome.

You'd be surprised, there were a number of times in BoO that individual accounts went well over 2b.

Transparency?!  Stealing and holding accounts hostage is transparency?  Rome wasn’t doing anyone a favor, he was covering his ass after Tiberius stole it all.

[JadenStar10]

Good Work done here.

[Raphael]

15 hours ago, hidude45454 said:

Just don't return the holdings to anyone so they learn the hard way never to trust a b*siness again

Yarr should go back to being pirates tbh

[Vincipela]

11 hours ago, Han Solo said:

Transparency?!  Stealing and holding accounts hostage is transparency?  Rome wasn’t doing anyone a favor, he was covering his ass after Tiberius stole it all.

Not sure exactly what you mean by this... Everyone's account balances are being returned so... Legit the opposite of what the post is about. Tiberius tried and failed to coup a bank and alliance so it's his own fault he lost it all except the followers he's propagated using the original Rome server or brainwashed lol.

[Tiberius Aurion]

Nice work

Edited February 3, 2023 by Dragonlord Aurion

[Tiberius Aurion]

2 hours ago, Vincipela said:

Not sure exactly what you mean by this... Everyone's account balances are being returned so... Legit the opposite of what the post is about. Tiberius tried and failed to coup a bank and alliance so it's his own fault he lost it all except the followers he's propagated using the original Rome server or brainwashed lol.

Total lies and pure fabrications. All of High gov including Val was aware that the BoO money was being held temporarily because Daxxus was worried Almac might seize it. 

 

The plan High gov agreed to that Germ alone overruled was to exit Midgard, sign new allies and deal with Borg then once peace was secured the plan was to return the funds to Daxxus. 

I have seen so many fake ss and doctored texts and words taken out of context and twisted beyond all sanity. Nobody was stealing nothing. Daxxus and I were using our nation incomes to keep the bank open and get it protected so that it could remain open 24 hours a day 7 days a week. I ran so many ads using my irl money and I never sought profit from BoO. My goal was to get Rome loans large enough to issue the grants we needed to catapult our growth. Daxxus was the most honest businessman in this game and he was ran out and quit because of all the hatred that comes from people like you. People who had no understanding or even basic comprehension of what was actually going on and zero desire to find out.

 

I ran Rome and made it into what it was once before while Germ was inactive all year and God willing with my same team I’ll do it once more. 

[Unknown Identity]

24 minutes ago, Dragonlord Aurion said:

Total lies and pure fabrications. All of High gov including Val was aware that the BoO money was being held temporarily because Daxxus was worried Almac might seize it. 

 

The plan High gov agreed to that Germ alone overruled was to exit Midgard, sign new allies and deal with Borg then once peace was secured the plan was to return the funds to Daxxus. 

I have seen so many fake ss and doctored texts and words taken out of context and twisted beyond all sanity. Nobody was stealing nothing. Daxxus and I were using our nation incomes to keep the bank open and get it protected so that it could remain open 24 hours a day 7 days a week. I ran so many ads using my irl money and I never sought profit from BoO. My goal was to get Rome loans large enough to issue the grants we needed to catapult our growth. Daxxus was the most honest businessman in this game and he was ran out and quit because of all the hatred that comes from people like you. People who had no understanding or even basic comprehension of what was actually going on and zero desire to find out.

 

I ran Rome and made it into what it was once before while Germ was inactive all year and God willing with my same team I’ll do it once more. 

There are literal ss showing that only you, lucilla and blox knew. Val and I didnt know until the deed was done. Stop believing your own bs.

[Vincipela]

24 minutes ago, Dragonlord Aurion said:

Total lies and pure fabrications. All of High gov including Val was aware that the BoO money was being held temporarily because Daxxus was worried Almac might seize it. 

 

The plan High gov agreed to that Germ alone overruled was to exit Midgard, sign new allies and deal with Borg then once peace was secured the plan was to return the funds to Daxxus. 

I have seen so many fake ss and doctored texts and words taken out of context and twisted beyond all sanity. Nobody was stealing nothing. Daxxus and I were using our nation incomes to keep the bank open and get it protected so that it could remain open 24 hours a day 7 days a week. I ran so many ads using my irl money and I never sought profit from BoO. My goal was to get Rome loans large enough to issue the grants we needed to catapult our growth. Daxxus was the most honest businessman in this game and he was ran out and quit because of all the hatred that comes from people like you. People who had no understanding or even basic comprehension of what was actually going on and zero desire to find out.

 

I ran Rome and made it into what it was once before while Germ was inactive all year and God willing with my same team I’ll do it once more. 

Whatever you say man. I agree that Daxx was a wonderful business man and I told him so before I left. You were what corrupted BoO and caused the entire host of issues that plagued BoO. I understand that you oppose this view and that's your opinion, we all have them. But the balances from BoO will be sent out and as far as I'm concerned you didn't have anything held in BoO. I wish the members of the roman republic good luck with the leaders they have. I just hope they get out before your greed hurts their willingness to play the game. You are the kind of person that runs people out of this game with toxicity. I hope Borg and whoever joins him keep you rolled for the remained of your time here.

[Buorhann]

20 hours ago, Vincipela said:

You'd be surprised, there were a number of times in BoO that individual accounts went well over 2b.

I'm not surprised by that, just...   find it extremely boring to be hoarding all that money for, what exactly?

[Vincipela]

5 minutes ago, Buorhann said:

I'm not surprised by that, just...   find it extremely boring to be hoarding all that money for, what exactly?

To look at obviously. Or maybe saving up to buy a ton of cities. Who knows

[Danzek]

1 hour ago, Dragonlord Aurion said:

People who had no understanding or even basic comprehension of what was actually going on and zero desire to find out.

I think we have quite a clear picture of what was going on. Though feel free to continue making claims rather than admit any wrongdoing by BoO. 

Edited February 3, 2023 by Borg

[cctmsp13]

Le Sigh,
This topic is not the re-litigate the issues surrounding the collapse of the bank and other issues, that has been done to death elsewhere

To more relevant things, Bank of Orbis held two kinds of account, a safekeeping account, and a cash only 'vault'

I received the safekeeping account listing earlier, so those will be sent first, once I finish those those, the Vault accounts will be worked through.
 

[cctmsp13]

Also to further clarify somethings,

These are being sent manually, about 20 have been sent, this process will likely take through the weekend.  Yarr doesn't use the automation tools that other banks use, and I am being careful documenting what has and hasn't gone.

Yarr had no involvement with the Bank of Orbis and it's collapse.  We have been trusted by the relevant parties to handle this liquidation.  I suspect because they trust me more than they trust each other at this point.