Question about a someone mis-using business credit. Is he wrong or not?

[ccoaston]

I know of someone that thinks hes a well business minded person but he just does these odd ball business decisons. He is goign around with his business name that is not really a business but just a name with and a EIN. He's applying for numerous store credit cards cause they decline him for credit cards such as visa, mastercard etc. Then his plan is to max them out by purchasing things and not paying it back. He thinks hes trying to beat thesystem but hes. Well I actually dont know rather what hes doing is legal or not. He got a gas card for 10k and store credit sears cards. I dont understand why they keep approving him. He says he got with some business building company?! Can someone break this down for me?

[CreditBob]

If you know the creditors then you can contact their fraud department. You can also notify the IRS, the state, etc. Of course I would take a crack at notifying all three credit bureaus because they will look into fraudulent information on a credit report. The worst thing is to do nothing.

[OnTheRebound]

WTH is he thinking? I mean where is his head? I know where it is, I just won't say it. Ridiculous!

[ccoaston]

he thinks he is beating the system but in the end the system will beat him. Not sure why  he keep applying for stuff with this business trick he did and buy things, sells them and not paying back the creditor.

[ILBrian]

Unless he is using a corporation he is personally liable for all credit debt for his business