The opposite of good news for Mr Z

[freddymo]

Originally Posted by -BT-

This shouldn't come as a surprise given he had similar issues 10 years ago. I know the whole story hasn't come out, but this almost seems like a ponzi scheme, accept he didn't pay back the original investors he kept doubling down on new horses to try and cover his ever mounting debt.

-bt-

So without a morsel of first-hand knowledge, you are able to deduce from a journalist's representations of events from one side of the argument that it's a Ponzi Scheme? I don't know what or what, not Zayat did and I am SURE he is no Saint, but have a heart with the seems like a Ponzi Scheme stuff.

Maybe the guy let his son pick out millions of dollars of crap, maybe he foolishly borrowed money to buy of all things(horses)? maybe he was never that rich to play at the level he was?