Good evening,
Now, this might have only just occurred to me now and of course this would constitute fraud but what is stopping an individual from getting a line of credit in the 6 figure range, then purchasing a massive amount of Bitcoins then rinse with bankruptcy? I imagine the individual wouldn't care about his credit if they had several hundred thousand in the 'wallet'.
Your thoughts?
I think you answered your own question:
To perform the action herein would constitute Fraud.
If you knowingly took out loans with the intent to invest the proceeds and then default, that's fraud. Now, whether or not you'd be caught is another story.
I agree with bytemaster regarding the inherent immorality of the monetary system, but I'd ask if participating in the fraud makes it right? As in, two wrongs don't make a right?