#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.A guarantor ofloans is usually set up to carry the loan burden of the actual borrower.
2. The guarantors has been set up by the scammer/borrower and his crooked banker.
The scammer/borrower will not meet the loan repayment schedule. The crooked banker has granted him the loan knowing that his mortgaged asset has very little value but his guarantor has hige assets. The crooked banker C started issuing warrants of possession to liquidate the assets of the asset rich person R.
Yes, by laws, there is…
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