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<blockquote data-quote="Juan_Hong_Loe" data-source="post: 277138" data-attributes="member: 46"><p>Probably not exactly your friends case but a guy that I know here has been spending money like you talk about but he actually would pay for most of his stuff. I can't remember the correct term for it but recently the FBI got involved with him because he was just using different lenders to pay off the other lenders. And I'm talking into the tens of millions of dollars kind of debt. He would go to someone and pitch idea and make them money for a bit then get all greedy and spend too much then have to pay off with another lender/investor. Also helps when you know someone at the bank high up that gets kickbacks.</p></blockquote><p></p>
[QUOTE="Juan_Hong_Loe, post: 277138, member: 46"] Probably not exactly your friends case but a guy that I know here has been spending money like you talk about but he actually would pay for most of his stuff. I can't remember the correct term for it but recently the FBI got involved with him because he was just using different lenders to pay off the other lenders. And I'm talking into the tens of millions of dollars kind of debt. He would go to someone and pitch idea and make them money for a bit then get all greedy and spend too much then have to pay off with another lender/investor. Also helps when you know someone at the bank high up that gets kickbacks. [/QUOTE]
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