OMG 🤦 Thank you for explaining this. Now I get why he keeps saying that no banks were harmed. And now it makes sense why they believe he owes so much in taxes.
Now I get why he keeps saying that no banks were harmed.
which is true only until the business he needed the borrowed money for goes sideways, he doesn’t have the money to pay back and the bank finds that the collateral doesn’t have the value he claimed when borrowing the money.
edit:, oh f…k, i am replying into a year old thread, well… 🤷
OMG 🤦 Thank you for explaining this. Now I get why he keeps saying that no banks were harmed. And now it makes sense why they believe he owes so much in taxes.
Okay, I’m tracking like a VCR
which is true only until the business he needed the borrowed money for goes sideways, he doesn’t have the money to pay back and the bank finds that the collateral doesn’t have the value he claimed when borrowing the money.
edit:, oh f…k, i am replying into a year old thread, well… 🤷
Hah 😂 no worries friend. So much of this bizarro-world shit show has happened in that time.