Quoted from Ozzie:
Why does everyone assume that he is out of money? He collected hundreds and hundreds of thousands of dollars. He didn't produce anything - even if he was a horrendous businessperson, he could not have spent all of it.
My guess is that he has spent some of it, but no where near all of it. He probably reads these and is hoping all of you give up and let him keep the money. He probably could live off that money for a long time without getting a real job.
Although not a Predator buyer, I am watching with interest and think Keith the lawyer will end up collecting on this.
This is why they make involuntary Bankruptcy. I haven't read through this whole thread but it sure seems like someone should liquidate what's there and pay out buyers as unsecured creditors (probably pennies on the dollar).