[aredmond]

Heads up fellow funders.

Burned 4 companies in 3 months and is on the prowl again. Takes money and changes his accounts, waits for 3 months of clean banks and goes at it again.

PDM Electrical Companies LLC DBA JMR Electric

[golf2014]

Why is this not fraud...press charges

[ADiamond]

Why is this not fraud...press charges

because to pursue fraud you need to prove that there was a misrepresentation of material fact, which in this case is... what?

the better question would be why are lenders giving money without verifying more than 3 months of banks or UCC's filed in final UW? if he is in fact taking money and switching banks every so often..

to which the answer is most commonly: to provide speed of service/funding at the behest of ISO's

[FCF Fund]

Surprised he has no judgments filed yet unless he has a different person he put the company under every time which then opens the can of worms even more so.

[ADiamond]

Surprised he has no judgments filed yet unless he has a different person he put the company under every time which then opens the can of worms even more so.

i found a judgment filed 8/13/17 by worldwide capital management, but none prior which is a surprise as you said - if the guy has been straight up ripping everyone off as OP said

[MadisonParker]

Anyone want to fund Vectorless Films for me? lol

[Funder Mark]

Anyone want to fund Vectorless Films for me? lol

Just had that guy submitted last month, before that hadn't heard about them for a year.

[AlSuede]

I've seen that client Vectorless films about 2yrs ago.

[AndyYSCISOdept]

I funded Vectorless Films approx. 5 years ago and went bad almost immediately, then I subsequently had it submitted to me every other month for the next few years

[MadisonParker]

I know. I was sarcastic!
Guy has stopped working his business, and switched to trying to scam lenders full time lol

[AndyYSCISOdept]

I figured, the issue that we really have is that so many of us become victimized by merchants like this,

[Karen37a]

I had that original merchant sent to me; one of my brokers sent it

I wound up in a disagreement on the phone, while his girlfriend or secretary laughed in the background and he blasted my email box.

I will dig for the emails, I blocked him ..if I still have them, it was me saying
" you are committing fraud, wire fraud etc, you are lucky you didn't take that money and it didn't get past me and stop emailing me".

When did he fund?If he took money after the fact you can show intent.

This is also why Funders need to take down the UCCs that are paid.

I had one merchant whos name was ..blah blah construction solar( sent from the same broker).I called him up saying " what kind of name is that...construction solar....not XYZ construction and Solar ..or and solar panels. What is "construction solar"How many companies have you folded? It seems you ran out of names. He said, "this is my only company."

I looked it up he had 30...xyz construction, XYZ, and sons construction,
father and sons, sons, on and on then "construction and solar" until he had to say "construction solar"

I am sure he got passed around..I got cursed out on that one too