Posted:
#1
The guys is a con artist. He has done nothing to earn his money. He got his start from money from his dad. Got more money after his dad died estimated between 40 and 200 million dollars. In 1990 he had 1 billion in assets and owed creditors 8 billion dollars. He borrowed money from banks couldn't pay it back. Over 70 banks let him default on payments for over a year. You can read about because there was a book written about it. Then he had to take out second and third mortgages to pay back the banks. Now he has been saying at debates he is debt free and it came out in the wall street journal he currently owes banks 250 million dollars as of four days ago. The guy is a pathological liar. All his investments lose money. He built his wealth from credit and his daddy. He doesn't know how to control his debts. And his dad and banks had to bail him out or he would be nothing.
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