[funding pro]

Its 2017 people. If you are doing something stupid, dont let someone film you doing it.

http://nypost.com/2017/08/10/wolf-of...chy-firm-suit/

[MCNetwork]

Looks like they're also an ISO. I guess the same guy that stacks the merchant can encourage them to default afterwards.

In case you want to know their sales pitch: http://debanked.com/2017/08/is-the-e...ttlement-firm/

[WestCoastFunding]

That sales pitch is fascinating for its scumminess.

[MCNetwork]

Even more sordid details...

http://www.dailymail.co.uk/news/arti...sex-drugs.html

It's interesting to note that their cash advance side was purportedly doing $100K a day in revenue? What am I doing wrong??

[Nikkiclean06]

that girl was so nasty. Human resources complains. Your Fired!!!! hahahhahahah

[WestCoastFunding]

Even more sordid details...

http://www.dailymail.co.uk/news/arti...sex-drugs.html

It's interesting to note that their cash advance side was purportedly doing $100K a day in revenue? What am I doing wrong??

i wonder how many times they sold cash advances with the promise of debt settlement coming behind it. It's like free money to the merchant.

I'd love to know what funders they work with, and how many of those funders are killing those ISO agreements.

[MCNetwork]

$100K a day in commissions means they would be funding about $1 million daily or $20 million monthly. That's a ton of deal flow! I wonder if their ISOs are on this forum...

[WestCoastFunding]

that girl was so nasty. Human resources complains. Your Fired!!!! hahahhahahah

There's definitely a HR complaint waiting to happen. The problem wasn't that they hired "little people" strippers to perform in the office, it's that one of the employees refers to the strippers as "midgets" which is very offensive to little people. Very offensive. Such disgusting slurs have no place in a professional work environment and there needs to be consequences.

[Funder Mark]

It's interesting to note that their cash advance side was purportedly doing $100K a day in revenue? What am I doing wrong??

Maybe they were 'saving' merchants $100k a day?

[ridextreme]

most likely they were just "funding" 100K/day, not grossing. They don't look smart enough to gross that much in that circus.

[dpFund]

Hey Everyone-

I've been away from daily funder for a while, busy closing a lot of Real Estate deals.

But I saw this and thought of you guys. It defies words...

https://smallbusinesslending.io/amer...eid=c28601e868

-Enjoy your weekend!

Dan Page
Direct: (303) 938-8280

[RickyR3712]

Hey Everyone-

I've been away from daily funder for a while, busy closing a lot of Real Estate deals.

But I saw this and thought of you guys. It defies words...

https://smallbusinesslending.io/amer...eid=c28601e868

-Enjoy your weekend!

Dan Page
Direct: (303) 938-8280

Did you go out of business ?

[RichardGerard]

hmmmm...

[Zach]

If they were funding $1MM of volume daily they would be one of the largest ISO's, which they are probably not. My firm is a top 5 ISO and even we don't fund that much yet.

[Karen37a]

That pitch is ILLEGAL and disgusting, uneducated and gross...worse than the stripper ...hurts my eyes.

[Karen37a]

They said 100k a day in Revenues( total before payouts, expenses)...which probably isn't true ( but I am sure they are taking into account residuals, renewals, factor rate future gain etc, % gain on forced default revenue( restructuring) and monthly fees

and on a 21-day cycle..everything gross

plus processing fees

[HDF]

Let's make a movie and glorify these"closers" playing one or both sides.

[JSL23]

There's definitely a HR complaint waiting to happen. The problem wasn't that they hired "little people" strippers to perform in the office, it's that one of the employees refers to the strippers as "midgets" which is very offensive to little people. Very offensive. Such disgusting slurs have no place in a professional work environment and there needs to be consequences.

Hard to tell if this is real or "Poe's Law." Hard to tell in today's PC culture....these places though, I get emails/LinkedIn invites/calls almost everyday from these guys. In the past couple of months I have spoken to at least 25 Merchants who are either in the final stages of their process or just beginning...sleazy, but with all the 3rd-6th positions out there, inevitable...

[Jess]

Hard to tell if this is real or "Poe's Law." Hard to tell in today's PC culture....these places though, I get emails/LinkedIn invites/calls almost everyday from these guys. In the past couple of months I have spoken to at least 25 Merchants who are either in the final stages of their process or just beginning...sleazy, but with all the 3rd-6th positions out there, inevitable...

I've decided to get into the consolidation industry.......I know my sh*t.....gonna be fun!