Quote:
Originally Posted by AaronM
This is very similar to Check Kiting and is a kind of fraud.
Have fun with that.
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Umm... no.
Check kiting is any sort of fraud that involves drawing out money from a bank account that does not have sufficient funds to cover the check.
The formula above requires that you start with the initial amount you would need to do this via a SECURED loan. Then every loan thereafter is a secured loan.
All you're doing is paying a secured loan within 30 days at 3 different locations utilizing your initial investment.
This is not fraud.