The fraud he was convicted of is inflating the value of his assets when seeking loans. His defence was, “My lenders don’t care if I inflate the values.”
Now he needs money to cover the judgment, and it seems lenders are unwilling to accept real estate as collateral in general, and his word for what it’s worth specifically.
This is a farcical comedy on the scale of “The Producers.”
Reg "raganwald" Braithwaite /
npub1pa…q8zcg
2024-03-18 18:56:56
Author Public Key
npub1padn32pcncp8w2zy9sev5fjt05cfv6uns9pj4xqeqskfxffn9aqsfq8zcgPublished at
2024-03-18 18:56:56Event JSON
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"content": "The fraud he was convicted of is inflating the value of his assets when seeking loans. His defence was, “My lenders don’t care if I inflate the values.”\n\nNow he needs money to cover the judgment, and it seems lenders are unwilling to accept real estate as collateral in general, and his word for what it’s worth specifically.\n\nThis is a farcical comedy on the scale of “The Producers.”",
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