[kylell]

Still the writer is telling the story as an absolute truth, if he claimed could double money, why that guy kept sending him money without getting back anything doubled?

And 3 years, the sentences, way to little, something doesn't add up, I'm inclined to believe that he actually was some kind of scapegoat, that yes he received money from the bank, but a cover up, also the bank didn't noticed, so much money going out without justification?

[Quarrelsome]

money doubling is a tried and tested scam. They used to do it a lot in EVE Online. You don't just have one mark and that's how it worked. Likely he was doing lots of money doubling with others that was feeding this one to finally get the $200 million. Its possible he even transitioned this particular mark into a different scam where he just got direct access to their funds and was able to sign stuff off without authorization.

[Kiro]

Yeah, I was really hoping the article would explain more.

[dkersten]

I assumed he was giving back doubled amounts at a small scale using borrowed money or whatever, then when he got a large sum he ran. But even if that’s what he did, I don’t know how he jumped from small amounts he could borrow to $242 million. I guess we will never know for sure how he did it.