this post was submitted on 19 Jun 2025
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Yeah, the interest idea doesn't make sense, especially since for most of the 21st century the interest on savings accounts has been negligible.
If it cost $6 on the $1500 loan, that's most (of not all) of the interest right there, and it takes time for that interest to accrue significantly. It's not going to happen in a couple of days.
If this was the scheme, then your ex-boss was no criminal mastermind.