The Parasites of Western Economy, Part 4: Scammers who entrap acquaintants into being guarantors for his loans.

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bytonytran2015(Melbourne, Australia)

#parasite, #loan, #guarantors,

The Parasites of Western Economy, Part 4: Scammers who entrap acquaintants into beingguarantors for his loans.

In the Western societies, asset rich people are often preyed upon by scammers. After a family break up, an asset rich person may feel lonely and scammers will target him to befriend then to rob him of his assets.

1.The guarantors of a loans are usually set up to carry the loan burden of the actual borrowers.

2. The guarantors has been set up by the scammer/borrower and the crooked banker.

The scammer/borrower will not meet the loan repayment schedule. The crooked banker granted him the loan knowing that his mortgaged asset has very little value. The crooked banker C started issuing warrants of possession to liquidate the assets of the asset rich person R.

Yes, by laws, there is no difference between the borrower…

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