You just described a situation that is not happening here. If you want to take on debt to buy a business, that might be reasonble. You, the person, BeeegScaaawyCripple, would assume the debt.
Of course PE doesn’t work that way. The borrowers themselves are at no financial risk. That’s the point, that’s the scam.
that’s due to exploiting specific business structures. literally anyone can do that (e.g. five associates formed an LLC to buy the building they work in. the loans in question went to the LLC, not the partners), so i’m not sure why you’re saying it’s not what’s happening.
You just described a situation that is not happening here. If you want to take on debt to buy a business, that might be reasonble. You, the person, BeeegScaaawyCripple, would assume the debt.
Of course PE doesn’t work that way. The borrowers themselves are at no financial risk. That’s the point, that’s the scam.
that’s due to exploiting specific business structures. literally anyone can do that (e.g. five associates formed an LLC to buy the building they work in. the loans in question went to the LLC, not the partners), so i’m not sure why you’re saying it’s not what’s happening.