Sunedison Inc. (fka SUNEQ)

[Lorcan458]

Step 1: Put huge money up front for projects with 20 - 30 guaranteed payments

Step 2: Create a wholly owned subsidiary and keep the debt in the parent and the 30 years of future payments in the subsidiary

Step 3: Repeat until debt load is unsustainable. Accept a secret loan at 15% interest from Goldman Sachs

Step 4: Declare bankruptcy for the parent while the subsidiary retains those 30 years of guaranteed payments

Step 5: Sell assets for pennies on the dollar

Step 6: Try to dump shareholders and sell new shares

For this to work, none of the involved parties would have any illegal conflicts of interest, kickbacks, etc.

Shares may be cancelled, but lawsuits will continue for years.