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Notorious Alternative Lending CEO of Par Funding Sentenced to 15½ Years in Prison for RICO Conspiracy, Securities Fraud, Tax Crimes, and Related Offenses
Last week, US District Judge Kearney sentenced Joseph LaForte, the former and infamous owner of Par Funding for more than 15 years in prison
Thomas Tramaglini
2 min read


What is a judgement from an alternative lender and how might it influence my business or me?
This article discusses several important aspects of judgments, what alternative lenders can and will do to you, and some steps you can take.
Thomas Tramaglini
6 min read


5 Ways that Alternative Lenders Use Your Business Bank Statements to Come After You.
This article describes different things that small business owners give alternative lenders when they provide their bank statements.
Thomas Tramaglini
5 min read


Did you default on a MCA/Alternative Loan - UCC liens and actions are coming.
This article describes some of the actions that small business owners should be aware of with UCC liens.
Thomas Tramaglini
5 min read


Yellowstone Capital and 25 "Lenders" in their network settle for over $1 Billion with NYAG James. Over $534 Million in outstanding debt canceled.
The New York Attorney General's office announced a settlement from a lawsuit previously filed in March of 2024 against Yellowstone Capital.
Thomas Tramaglini
4 min read


It is simple why over half who take on alternative funding default.
In this article we explore several (maybe harsh) ways that may explain why so many small business owners default on their fundings.
Thomas Tramaglini
6 min read


Use caution when considering sharing your bank statements with alternative lenders.
This article delves into the positive and mostly negative outcomes of sharing bank statements with alternative lenders
Thomas Tramaglini
6 min read


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?
Thomas Tramaglini
4 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
8 min read


Breaking it down: Merchant Cash Advances are not MCA Loans.
This article describes some of the implications for taking on such debt delivered by alternative lenders.
Thomas Tramaglini
9 min read


Dealing with a judgment from a MCA or alternative loan company.
This article presents several important aspects about judgements, what alternative lenders can and will do, and what to prepare for.
Thomas Tramaglini
7 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
3 min read


UCC Liens vs UCC Actions.
This article outlines UCC filings, distinguishes them from UCC actions, and provides insight into what small business owners can anticipate.
Thomas Tramaglini
5 min read


Reasons to stay away from Judgements on your MCAs and alternative loans.
This article outlines various compelling reasons why avoiding a judgement is crucial.
Thomas Tramaglini
5 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
2 min read


12 Scams To Beware of from Shady MCA Settlement Companies.
This article describes 12 common scams employed by UNETHICAL MCA settlement companies to defraud small business owners.
Thomas Tramaglini
11 min read


UCC vs MCA Lawsuits.
This article aids small business owners in making decisions by examining the differences between UCC actions and MCA lawsuits.
Thomas Tramaglini
5 min read


Did you ignore your MCA lawsuit? Think twice as you DO NOT want a judgement.
In this article, we discuss the outcomes of not answering a MCA lawsuit.
Thomas Tramaglini
6 min read


I defaulted on my MCA or Loan - can I still get funding?
In this article we discuss things that business owners should do to protect themselves from brokers once they have defaulted.
Thomas Tramaglini
8 min read


Answering an MCA or Alternative Loan Company Lawsuit is Important.
This article describes the importance of answering MCA lawsuits and provides some implications if not answered.
Thomas Tramaglini
5 min read
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