Actually I agree with you. In fact I believe you can create your...

Actually I agree with you. In fact I believe you can create your own margin loan by drawing down on your mortgage account and claiming the interest on your tax. Providing it was already debt free. That way you dont involve any third parties. From what I read the 67 year old borrowed $250 thousand (which he would have had as equity in his own home presumably). By going through Opes he lost nearly two million. Very strange approach and may not be the whole story.