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[–] everlastingphelps 0 points 3 points (+3|-0) ago 

This. He not only has to put up $400K that he doesn't get back, he also have to come up with another $3.6MM in collateral.

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[–] DickTick 0 points 1 point (+1|-0) ago 

No that's not how it works when you have cash.. when you have cash you can pay 10% and walk. I've personally seen it more times than I can count.

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[–] Lindorinel 0 points 1 point (+1|-0) ago 

I've done it personally, cash and collateral. Of course he might have that. But the Feds have him now.