This question on Money.SE concerned a person who had taken out a number of loans. He didn't intend to repay these loans in full, planning instead to default and leave the country. Several posters on Money.SE claimed that such actions would constitute fraud or theft or some similar crime. Would they?
For the purposes of this question, let us assume:
The borrower received a single unsecured loan in the amount of $10,000.
The borrower did not misrepresent any facts (such as income, assets, etc) on his loan application.
At the time of applying for the loan, the borrower had already made up his mind that he would not fully repay the loan; and there is evidence to establish this. (Perhaps he wrote a diary entry to that effect, or bragged about it to someone.)
The borrower has sufficient assets and/or income that he could make the payments without undue burden, if he wanted to.
The jurisdiction is California, USA (though if other jurisdictions are different, that would also be interesting).
Followup: Suppose instead that at the time of applying for and receiving the loan, the borrower did sincerely intend to make his best efforts to repay it in full, but at some later time he changed his mind and decided that, although he had sufficient available funds to make the payments, he wasn't going to do so anymore; and did in fact stop paying. Would that constitute a crime of any kind?
Obviously the borrower could be sued in civil court and have his assets seized, etc, - but the question here is whether he could be subject to criminal sanctions.