Thomas Tramaglini
Itria Ventures sues MCA Lead Gen and its head of sales for stealing data. But really, how safe are your data?
Itria Ventures sues MCA Lead Gen and its head of sales for stealing data. But really, how safe are your data?
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Thomas Tramaglini
8 min read
The LCF Group (Last Chance Funding) continues to be the Merchant Cash Advance Industry's Most Litigious Company. A 2024 Progress Report of predatory lenders, their attorneys, and their litigation.
This article details the current trends in the MCA industry
Thomas Tramaglini
3 min read
California attorney misappropriated up to $282 million from clients who were looking for debt relief.
The State Bar of California announced that a Tustin attorney is facing disbarment for allegedly embezzling around $282 million.
Thomas Tramaglini
2 min read
Fora Financial Sues Corporate Turnaround for repeatedly interfering with its clients.
In a recent case, Fora Financial, an alternative lender based in New York, filed a lawsuit against Corporate Turnaround.
Thomas Tramaglini
5 min read
MCA Predator NewCo (dba Credit Line Capital) Sued by Merchant for Actions We See Regularly
Most of the clients we have worked with who have defaulted on their Merchant Cash Advances have been subjected to the multitude of different
Thomas Tramaglini
4 min read
Recent court decisions demonstrate a willingness to hold MCA, alternative lenders, and their brokers accountable.
This article highlights several recent occurrences which have suggested to the industry, if you take advantage of small business owners, you
Thomas Tramaglini
3 min read
Kabbage Inc. settles massive PPP case
Earlier this week, the US Department of Justice announced they had reached a settlement in their lawsuit against defunct Kabbage Inc.
Thomas Tramaglini
3 min read
AKF, Inc (Fundkite) Sues Another Broker For Stacking on Them.
Most recently, they have sued Seed Financial for their alleged predatory broker actions.
Thomas Tramaglini
2 min read
FirstPoint Funding LLC settles with AKF, Inc (Fundkite) for $50,000 because broker stacked small business owners at their expense.
To avoid a trial and drawn out process, FirstPoint Funding and AKF "amicably" resolve the case for $50,000.
Thomas Tramaglini
3 min read
US Department of Justice charges two "funders" with mail fraud.
US Department of Justice charges two "funders" with mail fraud.
Thomas Tramaglini
2 min read
Fora Financial Sues Broker 4 Pillar Consulting for Stacking - Seeking $500K in relief.
Fora sues broker (4 Pillar Consulting) for $500K for allegedly stacking clients who defaulted on Fora's funding.
Thomas Tramaglini
3 min read
New York AG Sues Delta Bridge, Yellowstone Capital, and a host of other entities and individuals. Is your MCA/Alternative Loan listed in their evidence? Find it here.
This article outlines several parts of the AG's lawsuit and datasets entered into the evidence.
Thomas Tramaglini
6 min read
Was your MCA company (predator) one of the ones who were sued by the New York Attorney General for issuing fraudulent loans with exorbitant rates?
The team at Beacon has broken down the lawsuit and shared some of the implications.
Thomas Tramaglini
6 min read
Last Chance Funding (LCF Group) Has a Banner Year (2023) earning the Merchant Cash Advance Industry's Most Litigious Company.
This report identifies and in some cases expose things which are going on in the MCA industry
Thomas Tramaglini
6 min read
US District Attorney adds additional RICO indictment to PAR funding for their shenanigans in Merchant Cash Advance.
A second superseding indictment was filed yesterday charging a violation of the Racketeer Influenced and Corrupt Organizations Act (RICO) by
Thomas Tramaglini
3 min read
Never ever again. SBA IG releases scathing report on disaster relief funding (EIDL|PPP).
This article outlines what the SBA found, how the SBA did and is still looking for fraud (indicators), and what the SBA and other government
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