Cash and Burn

“Drage was to give Wood’s money to the Dohertys, collect the interest, and give that money back to Wood, keeping a percentage for himself. For seven years, Drage promptly paid Wood monthly interest for both mortgages she backed through him. But by 2010, payments had started coming in late. ‘Sometimes I had to chase him for it,’ Wood told me. ‘He would say he was in Dubai or he was in Vancouver.’ Wood didn’t worry, though. Drage was just busy and disorganized, she told herself.”

Quentin Casey – The Deep – November 2018