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$100K Plan

10083 Views 21 Replies 13 Participants Last post by  Kirkland
1) Apply for as many CC as possible
2) Withdraw 100K in cash from CC accounts
3) Move to Poland & PROFIT
4) Declare bankrupcy
5) Return in 5-6 yrs & repeat steps 1-4
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I couldn't resist!

9) Live with free room and board for a couple of years.
10) Have constant "companionship!"
There is nothing illegal if it life happens that way.

It is fraud when you plan it, a criminal offense.

http://www.bank-banque-canada.ca/en/banknotes/pdf/sentencing_fraud.pdf

I believe that everyone's goal here is to structure their finances the best possible within the law. Start going outside that guideline and are you are asking for trouble.
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