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He may have used the stolen funds to get a smaller mortgage, thinking it would speed things up (as was mentioned in the video). None the less it's all too fishy
by TheGuyWhoCodes 10y ago
He may have used the stolen funds to get a smaller mortgage, thinking it would speed things up (as was mentioned in the video).
None the less it's all too fishy.
Why wait a year hoping to get the funds and not sue right a way for embezzlement, sell the house pay the bank and the rest of the cash will be returned to the company.
He did return 110k from somewhere so at least more than that would be returned to the company......
- jessaustin 10y agoYeah, if one pays for construction out of one's bank account then the construction loan will be smaller. That doesn't explain how checks sent to contractors and suppliers would have helped the diesel mechanic pay back his theft from Peachy. I'm not going to watch any more videos from this pack of pranksters, but the explanation in TFA is: "As stated in the repayment agreement, the plan was that as David reached each stage of his build, he would payout a percentage the draw to Peachy Printer." He would never see that money! How on earth could a licensed attorney have come up with such a mess? "We agree to pretend that banks are as stupid as we are, and we encourage the diesel mechanic to attempt to defraud them as he has us." Maybe Rylan can sue his "attorney" for malpractice, right after he sues his "investor" for theft.