Quote:
Originally Posted by Leon
Many of them walked away from their loans, is my understanding. That created (bad) debt because of the money lent not being repaid .
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So Brent took all the money they had and called it a loan or dispersement (depending on how many owners they had) which basically left just the tax to pay on it. I’m sure he was making an attempt to pay back the company 1.5 percent a year to keep it legal, based on his lawyer advice. In many ways it’s a lot better than paying yourself a big Salary. Maybe for Brents next adventure he can do something with Bill Mastro and conquer a different industry. What ever happened to the FBI investigation to?
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Love Ty Cobb rare items and baseball currency from the 19th Century.
Last edited by BeanTown; 07-24-2023 at 05:46 PM.
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07-24-2023, 05:45 PM
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