HJOE has already admitted that they entered into the loan agreement knowing they couldn't repay the loan - that would be fraud.

Actually it states KBM loaned the money to hjoe knowing Hjoe could not repay it. Hmmm. Your comprehension skills are quite low. So obviously they expected to be paid by other means. Loaning money knowing it can't be repaid and the crying about it when it doesn't get repaid is rather childish