Question for the masses.

By way of the FARK Showbiz tab:

How does an obscure Vegas magician get 54 MILLION dollars in debt?

I can sort of understand the $6+ million he owns to the Miracle Mile Shops; it sounds like he may have been four-walling the venue, but I wonder why they would have let him get that deep in the hole.

Harder for me to understand are the mobile home dealer he owes $5 million, and “businessman Steven Tebo in Boulder, Colo., and a company he is associated with, owed $30 million.” I’m guessing this is the Tebo in question, though he appears to spell his first name Stephen.

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