Originally Posted by
silver6054
The belief is that once it goes to a third party (airlines, giftcards) it is harder for Citi to undo, whereas putting a stop payment on a check they issued is easier.
Also, given the craziness of the process, it might be that MM isn't in their sights at all. Yet, at any rate.
Citi has shown themselves to be amazing inept over the years, but if I were a betting man, I'd lay long odds on MM surviving with his Citi accounts.
And, of course, that's the problem with his strategy. He is likely to lose everything he spends on manufacturing spending this month. It's not a huge expense, but it's real money -- and real time.
Now he may believe he can sue Citi for it, and perhaps that will work, but most folks might conclude that it's not worth the time/hassle/risk.