[HDF]

Hdf if you want to pull out all the con games some Funders have pulled...then have at it


MASSIVE lawsuits

get over it already

I'm talking about the coverage of this. What do I need to get over?

[Karen37a]

Hdf

No one wants to hear about your crappy bull**** anymore...with the blacklisting crap and their false allegation

Elizabeth didn't turn into Karen for no reason

you are not monitoring me...got it

they need to monitor themselves

[WestCoastFunding]

what are the chances investor money was being recycled back to investors in the form of interest payments?

[jenk12]

Regardless of a commission claw back or not.... If any large sums of money passed through your firm on a regular basis from them, you are likely gonna get a phone call.

From my experience the FBI/SEC investigate for 6-12 months before it hits the news. If a potential witness hasn't gotten a call from an investigator at this point, then I wouldn't expect one. Plus, it seems the focus of the investigation is on the investor side of 1st Global. Specifically, how they raised capital and made distributions to investors. The brokers who were raising capital for them are probably singing like canaries right now.

I doubt the investigators are focusing on the MCA side of the business, which would include the ISO's.

[HDF]

Hdf

No one wants to hear about your crappy bull**** anymore...with the blacklisting crap and false allegation

Elizabeth didn't turn into Karen for no reason

you are not monitoring me...got it

they need to monitor themselves

Blacklisting? Monitoring? What the hell are you talking about?

[Kevin Henry-Seacoast]

what are the chances investor money was being recycled back to investors in the form of interest payments?

Hi Slim....my name is None

[Nunya]

what are the chances investor money was being recycled back to investors in the form of interest payments?

That's where I think this is headed. If their book didn't perform and investors pulled away, they'd be out of business. Could have been that they kept the ruse going (Ponzi scheme?) to try to right the ship but couldn't get out of the hole they dug.

If you've got deals there, time to move them.

[Karen37a]

From my experience the FBI/SEC investigate for 6-12 months before it hits the news. If a potential witness hasn't gotten a call from an investigator at this point, then I wouldn't expect one. Plus, it seems the focus of the investigation is on the investor side of 1st Global. Specifically, how they raised capital and made distributions to investors. The brokers who were raising capital for them are probably singing like canaries right now.

I doubt the investigators are focusing on the MCA side of the business, which would include the ISO's.

How long have you been a lawyer and do you specialize in Financial issues and fraud

[mcaguru]

And $15 million was transferred to this company: Bright Smile Financing
http://brightsmilefinancing.com/

Sean is this so far fruad or the term ponzi being officially used ?

[Karen37a]

IMO

if Isos received a "gain" in the form of commission from illegal sources it can result in a chargeback.

Also, they will be looking at the payments going out, payments going in, to decipher where the money went and they will ask questions

As long as the isos made the "loans or advances " in good faith...it can be difficult to claw back the commission.

But the people who knew they were doing this...they are in trouble too...those people need to seek out advice of an atty

[WestCoastFunding]

Sean is this so far fruad or the term ponzi being officially used ?

Which is why ISOs should be concerned.

[MCABroker]

https://www.galvinlegal.com/1st-global-capital-corp

Looks like trouble has been brewing since '16

[Karen37a]

Which is why ISOs should be concerned.

Not the ones who acted in "good faith" ...imo.

This is why the Funder needs to be vetted as well.

And the most important piece to regulation is not some small iso sending deals in...its the Funders

( this regulation smokescreen on 1099 isos is a con job)

[jenk12]

https://www.galvinlegal.com/1st-global-capital-corp

Looks like trouble has been brewing since '16

That's a different 1st Global based in Texas.

[Karen37a]

That's a different 1st Global based in Texas.

That 1global( securities firm) is suing the other one for trade infringement

and now you see why

Those morons ruined their business because they wanted to raise capital

[mcaguru]

Which is why ISOs should be concerned.

Are you saying If ponzi then logic can make a case all commissions returned as it can be treated like it was the investors funds being used as part of the scheme ?

[WestCoastFunding]

Are you saying If ponzi then logic can make a case all commissions returned as it can be treated like the investors funds ?

Listen, I’m no lawyer. I’m just a guy on the internet pretending to be a lawyer.

[Karen37a]

Are you saying If ponzi then logic can make a case all commissions returned as it can be treated like the investors funds ?

Sometimes but if brokers acted in good faith and didn't really know ...and the money gents "lent" out and paid back they can escape consequences sometimes

This is all going to hinge on how much money is recovered

( and I am not a lawyer but was in Finance since the 80...not one mark, which means i never got in trouble not even for $100)'

Its always best to talk with people who actually did things in real life..and survived...not theories

[mcaguru]

Listen, I’m no lawyer. I’m just a guy on the internet pretending to be a lawyer.

I hear.

[Karen37a]

I hear.

Sometimes lawyers are new in the business ...doesn't make them an expert.

To pass a bar exam has nothing to do with real life experience

They learn the difference in torts and contract law

Stare decicis vs res judicata

God forbid they are a divorce Atty. And some lawyers are just advance paperwork people and have never seen a courtroom live


People need to find a lawyer with experience in Investments, loans...securitizations, private placements...etc

[MCASPECIALIST]

If merchant is in good standing with advance why would there be any recall ? There should be enough RTR within active deals.

[Kevin Henry-Seacoast]

If merchant is in good standing with advance why would there be any recall ? There should be enough RTR within active deals.

I wonder if the rescission rights in Florida come into play. Securities sold by an unregistered person are subject to this in Florida. Again...not a lawyer, but I have seen this rule applied before.

[Karen37a]

Marcus and west coast...don't bring your divorce guy to the table with me to talk about investments

thanks lol

[Karen37a]

I wonder if the rescission rights in Florida come into play. Securities sold by an unregistered person are subject to this in Florida. Again...not a lawyer, but I have seen this rule applied before.

yes it can

especially since its in IRAs and older people

What kind of moron ties up IRAs with old people without custodians in risky paper

I can't even imagine what they were saying on the phone

"its guaranteed...its a bond.." to get that capital in

[Kevin Henry-Seacoast]

yes it can

especially since its in IRAs and older people

What kind of moron ties up IRAs with old people without custodians in risky paper

I can't even imagine what they were saying on the phone

"its guaranteed...its a bond.." to get that capital in

The type of moron that has been barred from the SEC and caught recently doing the same damn thing.