Could Robert Taylor have continued to double BLC investors money?
No. As Judge Hogan found, on September 1, 1995, Mr. Taylor had only about $2.7 million in the bank but was obligated to pay investors more than $50 million over the next three months. Since the BLC made no profits from any legitimate business activity, Mr. Taylor had to raise this $50 million from new investors. It would have been virtually impossible for him to pull in such an enormous amount of money from new investors by December 1, 1995. But even if he had found a way, he then would have owed those new investors over $100 million by March 1, 1996. The doubling would have continued every three monthsand there was no way for Mr. Taylor to get out of it without defaulting. Like all Ponzi schemes, the “Advertising Pool” was doomed to fail and leave thousands of investors empty-handed.
