That is the mystery here. In the OP of this thread there's the story about how he had to take out loans in Sciggles' name (without her permission), because his credit was shit. He's done nothing but complain about not having money since he sold the site to IMVU (there's been some suggestion that he was basically making minimum wage working for IMVU... by choice.)I'm surprised any bank or other institution would give him a loan, he seems like a bad risk.
There's the implication in all of this that he got multiple loans to cover the purchase cost. I really doubt these are traditional loans. There's some belief in other circles that they may be credit card cash advances or some of those shady "get cash NOW!" loan shark places. I sincerely doubt any legitimate bank is funding this.
I just cannot imagine this was done without some sort of deception or fraud from either Piche or the places he got the money.