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he didn't even need the investors' money given that he knew the check would never be cashed.
by bagacrap 5y ago
he didn't even need the investors' money given that he knew the check would never be cashed.
- SteveGerencser 5y agoBut then he would have broken the law by passing a knowingly bad check.
- SkittyDog 5y agoPotentially, depending on the state... But in California and many other states, its not actually a crime to simply pass a check that you know will bounce. There's another essential element of the crime: Intent to defraud the recipient of the check. So if he felt confident in demonstrating that he had financial backers who'd cover the $700k if Pepsi delivered the airplane, then he might be able to beat the check fraud charge. But yeah, it seems like a pretty dangerous gamble to me.