The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 30979
Likes: 52245


I don't think Trump makes money by drawing a salary from his ventures


There's no doubt he used leverage and the bankruptcy code to reduce the personal risk of his investments that fail, but I don't think the failed casinos were beneficial to him or part of his business plan.

As far as your scenario, that requires inexperienced / naive creditors which I'm sure can happen, but I don't think there are a lot of people out there getting rich by bankrupting their businesses without some level of fraud involved.

(In response to this post by CAVern)

Posted: 08/11/2020 at 12:37PM



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