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Originally Posted by sweetcuties
I saw the story last night on 20/20... What I don't understand is why didn't he pay off his house when he was rolling?? He topped out at 750k which will drop him down to 500k being in the 28% tax bracket. He should have paid off his mortgage or most of it... he had 500k to start his own hedge fund that didn't work and he hasn't made a mortgage payment in 2yrs, very sad story but a great 20/20  |
It looks like he made that good money for a lot of years, but it also looks like they spent it as he made it. He talked about Aspen ski trips and exclusive vacations as well as country club memberships and things like that so I have the feeling it went out just as fast as it came in.