Started out making investments/bets with loan money thinking they would make it back with profit since they're oh so smart. Bets fail, they pour more money int

Started out making investments/bets with loan money thinking they would make it back with profit since they're oh so smart. Bets fail, they pour more money into it on hail Mary shots, they lose that too. Lenders want their money back so they use customer funds to pay them back because they have access to it and loans have to be paid back. Meanwhile they've also been enriching themselves personally, living large in the Bahamas and what not. Boils down to 2 things. 1. They were unscrupulous from day 1 and implemented a system with no restrictions or checks on their ability to move money around. In addition, they were comfortable with straight up lying to customers and lenders about the 2. They believed their own hype.