Originally posted by Darth_Alran:
how do i get in on this?
Here's a step-by-step.
1.) Buy a controlling interest in a well-reputed but modestly-successful business.
2.) Replace the board of directors with your own employees.
3.) Replace the officers with people who will do whatever you say (i.e. "suckers.")
4.) Order the company to sell bonds. Instead of investing, order the company to issue dividends out of the bond sales.
5.) If you are successful, you will have made a profit by this point.
6.) Continue selling bonds until the business is insolvent. Thanks to the limitation of liability, you have now successfully stolen money from the bond holders.
7.) Deduct your capital losses to offset your dividend taxes.