Aug 10 08:07:58 you deem yourself able to repay your depositors in the event bs&t goes bankrupt, and nothing is recovered ?
Aug 10 08:08:00 back in a couple of minutes - grabbing a glass of wine - friday evening here
Aug 10 08:09:57 back
Aug 10 08:10:17 in the event BS&T goes bust, I have more than enough assets to cover that
That turns out to have been a lie, and hardly an innocent one.
I believe after reading what he has said after the Pirate default, is that he under-estimated the exposure people who were his borrowers, to Pirate, but that he did not have prior knowledge.
If he didnt know, he shouldnt have said it categorically like that and mislead potential investors.
As for him paying back slowly; so are a few other labeled scammers. Im all for removing the tags once they paid everything back.