Derek Lewis
speaker
8 appearances
2 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Derek Lewis’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
You got to assume that Sarah King is an excellent saleswoman. She must know what to say, when to say it, how to say it, and people believe her.
I mean, you're really talking about, you know, Sarah King operating as a pawn shop. You know, she's going and giving people, you know, watches and pictures of cars saying, give me money and I'll pay you back, girl, so you can have this.
Yeah, that's a picture of a Lamborghini, but what does title look like? Even myself, I'm like, I wouldn't even know how to go out and properly find whether a watch or a car was, you know, collateralized already or already had, you know, loans against it. I wouldn't know. I wouldn't know how to get to it. How would I seize it? How would I execute a sheriff's sale against a Lamborghini?
You know, these things, I think, tend to snowball. And when I see hard money lenders, that's usually the progression. Initially, they just broker loans. They have a homeowner that gets a loan from Wells Fargo, and I get a commission. Then they start going, well, if I could get an investor, I wouldn't need Wells Fargo.
And then they start going, well, if it was my own money, I could have that entire amount, and then I could sell the whole loan to somebody. And then they start going, well, I don't even need a borrower anymore. I'll just tell people I have borrowers, and they'll give me money.
It's a person that is running a Ponzi scheme.
Essentially, she keeps borrowing. She knows she's got to pay off other people. She's lending money in situations that are probably more and more risky. She's got the signs of this escalating need for higher and higher return. The documents prove that out.
She's just somebody that's getting behind the eight ball constantly and probably has more confidence than she has ability to make it work because she's not paying her bills as they come due.
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