No…they never explained it to us. They called it ‘equity-sharing.’ I’m sure people did…and I am sure they were given a ‘logical/plausible’ answer as usual. Good answers to questions always came easy to them.
To PerryChase: I’m sorry but you are so very wrong. I’m not even going to try and change your mind. Your opinion is uniquely yours. The truth is different than your what you accuse the victims of. I have the proof of that. Proof of changes made after loans were signed. They were all stated income loans. I was told to sign and I signed. If that makes me an idiot, so be it. (I’m in good company because there are almost 1000 victims and they are really great people) But I am not a crook. They took my money by theivery. It’s called a Ponzi scheme.
