2stepz_ahead
New member
i have heard this......heard it..
a guy incorporated a few companies (a,b and c)and contracted them with each other a->b,b->c and c->a. they all have dandb accounts and report to dandb they paid their bills ontime over some time.
they paid tax on the circulating income to keep the govt from saying its a front or shell.
along with cellphones and small credit at officemax or staples
over years they were able to apply for credit from banks and not pay it back.
dont know if it was true or if it worked....thats what i heard
im not saying to try it
a guy incorporated a few companies (a,b and c)and contracted them with each other a->b,b->c and c->a. they all have dandb accounts and report to dandb they paid their bills ontime over some time.
they paid tax on the circulating income to keep the govt from saying its a front or shell.
along with cellphones and small credit at officemax or staples
over years they were able to apply for credit from banks and not pay it back.
dont know if it was true or if it worked....thats what i heard
im not saying to try it