She's going to lose that house and car she bought... If you actually want to keep the money, you need to leave the country... Personally, I would have bought bitcoin with it, and moved to a non extradition country.
That's a different plan. Risking everything for the appreciation of $1.2 million in bitcoin depends a lot on a) the interest/fees/fines on top of the 1.2 million you have to pay, b) any criminal charges if you fail to repay (or if you follow through on your plan) and c) how dischargable the debt is in bankruptcy if the investment goes south and how many assets you have. It seems similar to the people who took their hugely over leveraged RobinHood accounts and bet those millions.
Well, could buy bitcoin, and let it increase in value while the court system takes its time to award the money back to Schwab....
You give back he principal and keep the earnings.
Sure, it's a gamble, but might be worth it....
You're assuming the Judge isn't going to award Schwab damages plus. If they win the case, she's on the hook for the $1.2 M PLUS legal fees, court costs, etc.
"Nuclear war would really set back cable."
- Ted Turner
People are so stupid... (Score:2)
Re: (Score:3)
You would leave the country as a fugitive over 1.2 million? Cutting off 2/3 of the world?
Re:People are so stupid... (Score:2)
You give back he principal and keep the earnings.
Sure, it's a gamble, but might be worth it....
Re: (Score:2)
That's a different plan. Risking everything for the appreciation of $1.2 million in bitcoin depends a lot on a) the interest/fees/fines on top of the 1.2 million you have to pay, b) any criminal charges if you fail to repay (or if you follow through on your plan) and c) how dischargable the debt is in bankruptcy if the investment goes south and how many assets you have. It seems similar to the people who took their hugely over leveraged RobinHood accounts and bet those millions.
Re: (Score:1)
Well, could buy bitcoin, and let it increase in value while the court system takes its time to award the money back to Schwab....
You give back he principal and keep the earnings.
Sure, it's a gamble, but might be worth it....
You're assuming the Judge isn't going to award Schwab damages plus. If they win the case, she's on the hook for the $1.2 M PLUS legal fees, court costs, etc.