Dropping Bombs SCAMMED Out Of $48M (What Your Bank Isn’t Telling You)
Sep 6, 2025
Brian Abbey, a Bronx-born builder and entrepreneur, shares his incredible journey from a rough upbringing to running a $48M construction company. He candidly discusses the severe repercussions of a financial misstep and unpacks the complexities of fractional lending. Abbey emphasizes personal accountability and the transformative power of choices in both business and life. He also explores modern construction management and the importance of trusted partnerships. For anyone facing setbacks, his insights offer a compelling roadmap to resilience and success.
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One Signature Cost Millions
- Brian Abbey signed a bank document he thought only guaranteed a $750,000 line and lost control of $3M in assets.
- The bank used fractional lending to keep his assets on their books while he could not sell to pay them off.
Get Legal Review Before Signing
- If you must sign bank documents outside your expertise, get a lawyer to review terms first.
- Never assume a request to 'guarantee' assets is simple collateral — verify the exact language.
How Fractional Lending Hurts Borrowers
- Fractional lending lets banks treat customer deposits/assets as leverage to borrow more from the Fed.
- That mechanism can make banks profit while borrowers lose control if collateral language is broad.
