Crooked dealer headed for jail

fulltimedaniel wrote:

winnietrey wrote:

fulltimedaniel wrote:
My sympathy for the victims ends where their gullibility, stupidity and credulousness begins.

If even ONE of them had done the simple straight forward due diligence this kind of transaction deserves probably none of this would have happened.

I am sorry but I think the so-called "victims" are mostly victims of self inflicted harm.

The sentence is just as crazy. 7 years in jail. No way to pay back the money. And the court does have the ability to force him to pay. But the real way to get him to pay is bring a CIVIL case against him and take his house and car, 401k, insurance holdings etc. It can be done with the right lawyer.

I would not agree. One line from the story jumped out at me. "they had established a relationship with him and trusted him". Which is why he was able to keep it up for so long.

FTD you were in business a long time, as I have been. A lot of the stuff we know, we forgot even where and how we learned it. We just sort of know it inherently.

I would guess many of these folks have little if any business experience.
Red Flags that they ignored, we would be all over in a heartbeat. But remember that is because we have been there done that.

You and me, we get a BS excuse ( which we know from experience) we are all over it. Relationship or not Other folks not so much.

And even you, and I or any person, with lengthy experience, we are not invulnerable. If the shark is big enough, and clever enough, both of us still can be eaten.

I agree with much of what you say and you make some good points. But the idea that you can suspend your good judgement in a business transaction just because you know and "trust" someone is just naive on their part. That is why in my list of things I included "credulousness"

I think the point you stop being a victim is when you are paying on two RV's at the same time and have paperwork on neither.

I think the cult of victimhood has been stretched a bit too far in this case.

What would you have them do at that point? The loan process is separate from title process. If they stop paying on their loans, they are in default and their credit rating is ruined. The bank isn't going to care that they don't have the titles, all they care about is getting the money back on the loans. The victim can't do that, because without the titles, they can't sell the RVs. They are caught between a rock and a hard place. The only way to get the banks off their backs is to 1)sell the RVs and pay off the loans; 2) file bankruptcy; 3) find enough money to pay off the loans elsewhere; 4) stop paying and go into default. If they don't have enough money to buy the RVs without a loan, then they don't have money to pay off the loans without the RVs.