Michelle McPhee
👤 PersonAppearances Over Time
Podcast Appearances
And you know, it works having a man there to sell them on it.
And you know, it works having a man there to sell them on it.
Maybe John is overstepping, but he also seems to be helping Sarah reel people in. There are two sides to a hard money lending business. Getting investors to give Sarah money so that they can make money. And the other side, giving out loans to men and women who needed money quick and don't want Citibank to ask a ton of questions.
Maybe John is overstepping, but he also seems to be helping Sarah reel people in. There are two sides to a hard money lending business. Getting investors to give Sarah money so that they can make money. And the other side, giving out loans to men and women who needed money quick and don't want Citibank to ask a ton of questions.
Sarah told me there was a special type who could and would pay 30% interest on a loan.
Sarah told me there was a special type who could and would pay 30% interest on a loan.
Yeah, it was a little weird, but they had the hard assets to back it up.
Yeah, it was a little weird, but they had the hard assets to back it up.
Because I can tell you, like, I don't know, I'm broke as shit, but I'm still not giving my credit card company 30%.
Because I can tell you, like, I don't know, I'm broke as shit, but I'm still not giving my credit card company 30%.
If Sarah was actually getting 30% interest on these loans, it was an insanely good business proposition. A little too good.
If Sarah was actually getting 30% interest on these loans, it was an insanely good business proposition. A little too good.
Sarah said she put all her trust in John McCabe.
Sarah said she put all her trust in John McCabe.
We later find out that John McCabe denies this. He says Sarah wasn't even a business associate of his. Sarah didn't seem to be taking careful note of where the money was coming from and where it was going. For someone who should have been dealing with hard facts, crunching numbers day in and day out, Sarah told countless stories about money and collateral just disappearing in a bad deal.
We later find out that John McCabe denies this. He says Sarah wasn't even a business associate of his. Sarah didn't seem to be taking careful note of where the money was coming from and where it was going. For someone who should have been dealing with hard facts, crunching numbers day in and day out, Sarah told countless stories about money and collateral just disappearing in a bad deal.
I'm not stupid, by the way. I get that this likely isn't the whole truth, but this is part of what's so puzzling to me about Sarah. I can't tell when Sarah's lying to me or lying to herself. Things were not going well for Lady Mafia, and John seemed to be creating more problems.
I'm not stupid, by the way. I get that this likely isn't the whole truth, but this is part of what's so puzzling to me about Sarah. I can't tell when Sarah's lying to me or lying to herself. Things were not going well for Lady Mafia, and John seemed to be creating more problems.
He hadn't even helped her sell the marijuana buildings, and it was looking like Sarah was on the verge of losing her parents' home. So when she was dead broke, Sarah told me she decided to make one last gamble.
He hadn't even helped her sell the marijuana buildings, and it was looking like Sarah was on the verge of losing her parents' home. So when she was dead broke, Sarah told me she decided to make one last gamble.