Quote:
Originally Posted by butterfly pony
how is it that 20$ million makes 10k interest in 4 months
they put it in a money market account. those pay like 1% and they aren't even insured by the FDIC and technically you can lose money.
such a scam. if they had just put it in a CD they would have made multiple times the interest, if they even did really put it in that moneymarket account.
a private equity firm owns Caesars, they are professional investors. clearly they would be able to produce a better return if they wanted to. i'd be willing to bet a lot that money serves as collateral for them to borrow a bunch of money on it or some such shenanigans and that was a major reason for them putting this four month delay on in the first place.