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<p>[QUOTE=&quot;hasaconscience, post: 1491284, member: 38617&quot;]Here&#039;s the thing - they ALWAYS operated on an advance.&nbsp; They were ALWAYS buying with advanced money.&nbsp; When the Gold Center in Springfield refused to cut them anymore checks (This happened last Monday - then Thursday, all managers were told to close shop and go home immediately), they lost their gravy train.&nbsp; He has no cash flow now except what is coming from the liquidation sales and the Buy/Sell/Trade stores (and whatever he has stashed.&nbsp; There is some speculation that he has a bunch of $$ stashed somewhere, but I suspect that&#039;s not true.&nbsp; He&#039;s too much of a flashy spender to have saved any)&nbsp; And, if I am correct, most of that is going to the IRS. </p><p><br /></p><p>IT was NOTHING for them to spend tens of thousands of dollars on bounced check fees each month.&nbsp; The bank would let it ride, because, hey, the bank makes their money in fees, and they knew he would eventually deposit to cover it.&nbsp; Either PNC wasn&#039;t as lenient as Chase bank was, or they got wind of the IRS lien and decided it wasn&#039;t a smart risk for them anymore, and bounced those 4,000 checks.&nbsp; Additionally, it was reported in the Springfield, IL news that eBay shut down their accounts once they got a whiff of the IRS lien, because they were then too risky to do business with. </p><p><br /></p><p>He didn&#039;t HAVE a business model.&nbsp; It was purely a smash and grab operation.[/QUOTE]</p><p><br /></p>

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