hear·say 'hir?sa/ noun information received from other people that one cannot adequately substantiate; rumor. "according to hearsay, Bob had managed to break his arm" synonyms: rumor, gossip, tittle-tattle, idle talk; More LAW the report of another person's words by a witness, usually disallowed as evidence in a court of law. "everything they had told him would have been ruled out as hearsay"
Don't agree with your assertion! Plenty of 'other' debt was paid (besides the bank) If KJ had received only a portion (1/2 to 3/4) of the promised 1.116 million he wouldn't have had the money to accomplish all this!