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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
2 min read
Merchant Cash Advance Predators (Brokers): How much do they make from the bad loans/advances they lure the small business owners into?
In this article we discuss how brokers operate to make the most amount of money off each advance.
Thomas Tramaglini
5 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
2 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
3 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
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