Number	18147
Subject	Business
Source	New Yorker
State	None
Year	2001
Publication Date	July 30
Summary	The New Yorker profiles the billionaire Bill Bartmann, owner of Commercial Financial Services (C.F.S.), which "by 1998 .. was reporting a net annual take of about a billion dollars and a scale of profits higher than Microsoft's." The story details how Bartmann reached "the highest altitudes of wealth by buying other people's bad debts from creditors at radical discounts and making those debts yield." The report follows the ups and downs in Bartmann's life from his childhood to his biggest successes in his forties, and looks at "Bartmann's potential liability in C.F.S.-related lawsuits."
Category	General
Pages	11
Keywords	entrepreneurship;consumer debt;fringe banking;pawnbroking;loans;Tulsa;Oklahoma;venture;bankruptcy;credit-card debt
Related Links	www.billbartmann.com
Related Video
Ordering info	Want to place an order? Email us or call us at 573-882-3364 (Stories are only available to members of IRE. For membership information, please refer to our membership page)