[Karen37a]

I just read, if those are the agencies involved then a crime may have been committed. Will wait for the news.

securities investment fraud...raising of capital

I keep telling people not to play aroundwith hedge funds or rich people

they do not lose money gracefully

if they can toss Rico into the mix to get their money back they will

[ADiamond]

i just received this email blast from everest a few mins ago.

Lol


Attachment 2115

savage!

[Karen37a]

savage!

Yeah make a paper trail right to you so the SEC Sees it LOOL


so they think you are in cahoots ha


"" halt the fundings...halt the fundings"

[Kevin Henry-Seacoast]

That seems important. Or is this standard?

You usually don't have the SEC and US ATTY office involved in a CH11 case unless there was potential fraud. Ceasing their pre-petition efforts to raise capital would also paint that picture.....

[Karen37a]

This is why some of us dont and didnt want to work with people...NOT vice versa ( and I am not talking about Marcus)

[abfunders]

Is 1 Global the same company as 1st Global?

1 West Capital (their California funding division), so yes.

[Karen37a]

Just so everyone knows...since some are speculating on "fraud"

If you take money in for investments you cant misstate the risks involved...there are so many more things you have to do

BUT no matter what... when you lose someone money they want it back ...its like heads I win, tails you lose

They act just like merchants who want to default on purpose....which is probably why I hate those kinds of people...dealt with them for way too long and I can smell them coming

Now they might have really been conned ..I have no clue who is right who is wrong

Be Prepared they( the ones who took the money) will rat and take everyone down to save themselves, even invent things like rape

"cooperating"

[Karen37a]

I wonder how long some hedge funds/investors will run on a perpetual loss, while companies make money...that's the question

They do have a Fiduciary Duty or Responsibility...they have to strick back or they are liable

[StipMeBabyOneMoreTime]

From paragraph 6

The Debtors have no secured lender

Who is their capital source that wasn't smart enough to secure their assets with the receivables? What am I missing?

[Karen37a]

From paragraph 6



Who is their capital source that wasn't smart enough to secure their assets with the receivables? What am I missing?

I have no clue...do not care. I didn't bother reading past the few paragraphs

let me go close my taco stand for 5k


(Accredited investors come in with the risk of losing everything, it isnt fully secured) Not sure how they structured it

[Kevin Henry-Seacoast]

From paragraph 6



Who is their capital source that wasn't smart enough to secure their assets with the receivables? What am I missing?

Hedge fund out of NY filed a UCC1

[Michael I]

From paragraph 6



Who is their capital source that wasn't smart enough to secure their assets with the receivables? What am I missing?

they had between 1,000 and 5,000 creditors . doesnt that mean there were a whole lot of family friends etc not seasoned investors

[Karen37a]

And at what stage is it secured....if you are going down ...its like give me your watch now before i file charges

[Karen37a]

they had between 1,000 and 5,000 creditors . doesnt that mean there were a whole lot of family friends etc not seasoned investors

that's a huge problem if they were not accredited...could be jail time and life time restitution...barred for life off to mcds

[Karen37a]

if anyone touches those files with the ucc...you can get pulled in

Tortious interference on the sec investigation etc

I am not a lawyer...seek council


say thanks

[StipMeBabyOneMoreTime]

Creditors could be vendors, ISOs, etc. as well. Though that does seem like an awfully high number regardless.

[Karen37a]

im laughing

Doofus are like yeah let's get the files...as the sec would be watching the stacking...calling in for a pay off letter

"hello this is the fbi" ...hi this is so and so Funder/broker xyz cleaners wants a payoff letter

[mcaguru]

At times the Non- Institutional investors make the loudest noise when things go off track.

[Jess]

Creditors could be vendors, ISOs, etc. as well. Though that does seem like an awfully high number regardless.

Given the comments re DOJ and SEC perhaps the syndicators are included as creditors but who knows

[Karen37a]

Given the comments re DOJ and SEC perhaps the syndicators are included as creditors but who knows

I agree...and I have learned to run far away...just pick up the phone

[Kevin Henry-Seacoast]

At times the Non- Institutional investors make the loudest noise when things go off track.

Especially in the state of Florida.

[Karen37a]

Especially in the state of Florida.

If they are older investors they are fked...felony for each one...elder abuse..deception on an elderly person

My dui is going to be mild shortly

anyone who has been in finance for over 30 years...not one fine,,, there is a reason for it

[Fetachini]

they were just bought out

[Kevin Henry-Seacoast]

If they are older investors they are fked...felony for each one...elder abuse..deception on an elderly person

My dui is going to be mild shortly

anyone who has been in finance for over 30 years...not one fine,,, there is a reason for it

Florida has rescission rights. Now, how much money ya wanna bet that an unregistered person raised the money for the Company?

[Nunya]

they were just bought out

que?