Friday, September 01, 2023 1:06:00 AM
That loan money is spent on insiders: salaries, fees, buying Hutchinson's worthless shell corps, "lending" funds to offshore companies, etc.
"why" did they pay to get current? Because token corporate activities are a cheap way to trick people into believing "HDUP is totally a legitimate business, you're totally certain to get repaid with 50% interest once these dozens of absolutely non-bogus business deals finish!"
Of course the deals never complete, the loans are never repaid, and the money all trickled into personal bank accounts of insiders.
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