View Single Post
      04-06-2011, 07:52 PM   #24

Drives: 1
Join Date: Jan 2008
Location: 2

iTrader: (0)

Originally Posted by Kroy View Post
^ thought a lot of the reason was because of how he structured his businesses and how his personal money was not tied into his corporation.
Nope. He is an evil mofo. He has taken out billion dollar loans for construction projects that have gone belly up. When the bank wants their loan settled, he basically tells them no and to give him another loan. If they try to not give him another loan he threatens to not repay the first loan, which essentially will collapse the bank. So they are forced to give him another loan and hope the next project will yield enough profit to pay back both loans. Or he just files bankruptcy, and the banks get fucked.

He also saves his own ass by filing business bankruptcies, and creditors are afraid to sue him. Which leaves his personal wealth protected.

Last edited by nnnnnnnnnnnnnnnnnnnnnn; 04-06-2011 at 07:57 PM.