Michaels constantly finds new suckers who lend him money, only to never be paid back. He uses the money to support his lifestyle, and the people who loan him money never recover. They get in line behinds dozens and dozens of civil judgements that will also nener be paid.
Michaels will never own a thing. He scams to survive and he'll do it until he dies or they finally thrown his ass in jail.
So, don't spend too much time finding out. It's right in the open and very easy to find.
Someone keeps funding them for some reason and I aim to find out.