FUNDERS BEWARE Fraud Ring- JAMES ALLEN - Silver OAK Capital Funding

Hello, Funders - Beware of an ISO that goes by the name of James Allen - Silver oak capital funding. He is pedaling fraud deals and he is involved in a larger fraud ring that is submitting deals that he has access to the accounts. from the initial research it seems like he's pulling the money out of the accounts after funding and then disappears. The fraud is real out there guys watch the isos you sign up. This one will be reported to the FBI. Hes floating two deals right now TommyTQL and Fare Resources. if anyone comes across these deals run for the hills.

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Originally Posted by excelcap

Hello, Funders - Beware of an ISO that goes by the name of James Allen - Silver oak capital funding. He is pedaling fraud deals and he is involved in a larger fraud ring that is submitting deals that he has access to the accounts. from the initial research it seems like he's pulling the money out of the accounts after funding and then disappears. The fraud is real out there guys watch the isos you sign up. This one will be reported to the FBI. Hes floating two deals right now TommyTQL and Fare Resources. if anyone comes across these deals run for the hills.

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Can validate that this ISO is a legit POS and scam artist.

this is not the first time this guy has done this, green capital sued him in 2020, here's the link https://iapps.courts.state.ny.us/nys...sultsPageNum=1

well we run background on all of our isos and clear did not pick this up - that's nice.

Also goes by Funding Circle Org USA LLC.

Excelcap --Welcome to MCA!

@mca-vet going on my 13th year in the space - and i have never seen anything like this.

I can say that this type of situation can be declared a "fraud ring"

Which is why, as Hedley always says, know your broker, know your funder, KYC everything.

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Originally Posted by excelcap

@mca-vet going on my 13th year in the space - and i have never seen anything like this.

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The original trailblazers of our industry would all be smiling and responding at once the following: "you have not seen enough deals yet!!"

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Originally Posted by MCA-VET

The original trailblazers of our industry would all be smiling and responding at once the following: "you have not seen enough deals yet!!"

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I've funded over 500mm in those years and I've seen a lot of bat-**** crazy things happen..... but maybe...... once i hit 1bn funded ill see even more f'd up **** than I've already lived through. can't wait for the rest of the ride.:rolleyes:

I am saying there is a lot that goes on ---we are in the fast funding space...... we are not selling sawdust...

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Originally Posted by BR-Nightmare

I can say that this type of situation can be declared a "fraud ring"

Which is why, as Hedley always says, know your broker, know your funder, KYC everything.

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As the guy that dealt with perhaps the most ISO's (from 2004) ---Do you mind telling me how do "you" get to know an ISO at sign-up stage...

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Originally Posted by MCA-VET

As the guy that dealt with perhaps the most ISO's (from 2004) ---Do you mind telling me how do "you" get to know an ISO at sign-up stage...

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One good resource is the forum itself, also check the courts (not just in NY, some Merchants file small claim suits in their state so I see what has happen there), also check previous employment as in other shops and such, I have a good network where I can politely ask my connections about them.

I'm able to monitor what they bring in and If we see a trend that's unfavorable I'll terminate the relationship.

What proof do you have of this. He just reached out to me and sent a few files the tommy tql was one and we declined it.

What proof do you have that you can send. He reached out to me and started sending me files.

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Originally Posted by closer129

What proof do you have of this. He just reached out to me and sent a few files the tommy tql was one and we declined it.

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Call the owner of the business, ask if the affiliated companies in the lawsuit are involved, also ask if this request is tied to additional funding.

Never trust the number on the app, use google or your background software.

fund the deal and find out - what proof do i have? go to iapps and search silver oak

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Originally Posted by closer129

What proof do you have that you can send. He reached out to me and started sending me files.

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did you fund the deal?

No we declined the file. Someone sent me the links to the law suites. I fired the broker last night.

guys be professional ...we don't talk ever about ISO's and who sent deal that got declined ...CIA would have to juice me up for me to say a name of ISO or what deals they sent or what we declined. (maybe that's why the largest ISO's work with Me/Capybara Capital).

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Originally Posted by MCA-VET

guys be professional ...we don't talk ever about ISO's and who sent deal that got declined ...CIA would have to juice me up for me to say a name of ISO or what deals they sent or what we declined. (maybe that's why the largest ISO's work with Me/Capybara Capital).

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https://dailyfunder.com/showthread.p...-solutions-llc

the irony

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Originally Posted by DailyCloser

https://dailyfunder.com/showthread.p...-solutions-llc

the irony

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Definitely goes down in history as one of the most epic posts made on Daily Funder of all time.

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Originally Posted by abfunders

Definitely goes down in history as one of the most epic posts made on Daily Funder of all time.

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and the original thread is easily the greatest thread of all time

:)

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Originally Posted by MCA-VET

:)

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I'm sure the NDA limitations may have expired here. C'mon, let's here it.