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08-29-2018, 02:54 PM #1
SEC charges cash advance company, former CEO with fraud (1st Global)
SEC charges cash advance company, former CEO with fraud
a large portion of their money went to Ruderman's lavish personal spending and to his consumer-loan companies, Bright Smile Financing and Ganador Enterprises. Investors in 1 Global allegedly were given bogus account statements and were falsely told that it had an independent auditor, and that its secured loans, typically for small amounts, had low default rates.
This folks, is not how you run a MCA company.Anthony Diamond
Underwriter
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08-29-2018, 03:01 PM #2Karen37aGuest
Its going to get worse
When I am saying people are in Big big big trouble I am not exaggerating
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08-29-2018, 03:09 PM #3Karen37aGuest1 Global allegedly were given bogus account statements and were falsely told that it had an independent auditor, and that its secured loans, typically for small amounts, had low default rat
Those bogus statements took them around the custodian illegally
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08-29-2018, 03:09 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
I absolutely hate to speculate, but good chance he had a coke addiction. They always do.
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08-29-2018, 03:10 PM #5Karen37aGuest
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08-29-2018, 03:53 PM #6
- Join Date
- May 2017
- Posts
- 170
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08-29-2018, 04:02 PM #7Karen37aGuest
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