The whole 3AC story hasn't come out yet, but the rumor is that they were able to use the same collateral with different lenders. On top of that, they offered to

The whole 3AC story hasn't come out yet, but the rumor is that they were able to use the same collateral with different lenders. On top of that, they offered to "manage" portions of their vc investment treasuries. So, a scam.