http://pandodaily.com/2012/11/01/ho...t-loans-into-12-million-and-then-lost-it-all/ This sounds like BS to me, what do you think?
Why didn't he just declare bankruptcy when he was 4 million in debt? Specially in the old days, when it was very easy to do so... Anyway, if he was able to leverage 50K a hundred times over, then a position doubling would mean 10 million on paper, so not entirely impossible....
yes it was possible, everybody was riding internet wave [until it crashed] some were more lucky than others.