He laughed all the way to the bank we think? I think he was up to his neck in debt and didn't actually profit, but maybe extended his and his families lifeline a few months or so! Sooner or later, the lifelines will be gone and his family will realize what he really is!
He probably has a few ladies on the side and about six children that his wife does not know about as well. Gosh a trip to Florida, New York or a few other places should be arranged!
All the best,