Originally Posted by
Bucking Bar
Wasn't there some news a while back that US investors were insulated from losses?
He gives them guaranteed double digit annual returns backed by his foreign money, then calls that "US money" since it technically came from US investors. When that isn't enough, he buys tons of tickets he never intends on using with his personal accounts to funnel them revene under the guise of "just another citizen of the world" purchasing goods and services.
They've lost what, half a billion in 5 years and are less than 10% the size of most legacies, are always down to their last 20 or so mil while losing way more than that, yet are still around. He's an egomaniac blowing through his beer money until he finally breaks through or gives up.