[NoBigDeal]

Here's what I look for for in stable funders.
1. Long time in business. Not some pop up shop/flavor of the week funder. Everybody's a funder now, don't you know?
2. Where do they get their capital? The legit big guys press release their capital raises. If they disclose who's lending to them, that's a good sign they've gone through diligence/audits.
3. Reasonable offers. I never worked with 1st Global but heard they were writing some questionable paper. If the offers don't make sense, that funder won't be making offers for very long.

All of these make sense, but I don't find many subprime Funders that meet these qualifications.
It's all syndicates money with a few that have one main source of credit (but it's usually their uncles brothers rich cousin)

[Nunya]

All of these make sense, but I don't find many subprime Funders that meet these qualifications.
It's all syndicates money with a few that have one main source of credit (but it's usually their uncles brothers rich cousin)

Much easier to find these qualities in first position shops. Insituional money gets queazy around multi-position operations

[Karen37a]

https://dailyfunder.com/showthread.p...st-capital-llc
Great

1 WEST CAPITAL LLC
Date Of Incorporation: 4/28/2014
1250 E HALLANDALE BEACH BLVD., SUITE 406, HALLANDALE BEACH, FL, 33009
Darice Lang
Manager Member
Other Companies for Darice:
Pay Now Direct LLC
Prime Jc Enterprise LLC
Green Tree Funding LLC
1 Global Capital LLC

More names under the other losers name as well


* I am still not attached but I know some isos that are and they had no clue what these idiots were doing

[Karen37a]

The company’s two main executives, Carl Ruderman and Steven A. Schwartz, relinquished their powers and resigned on Friday. Darice Lang, the company’s operations director, will stay on and report to the newly appointed Chief Restructuring Officer.

Darice Lang???

Officer/Registered Agent Name List
Officer/RA Name Entity Name Entity Number
LANG, DARICE PRIME JC ENTERPRISE LLC L15000098519
LANG, DARICE DL PRODUCTS LLC L15000140625
LANG, DARICE DL PRODUCTS LLC L15000140625
LANG, DARICE GREEN TREE FUNDING LLC L15000147161
LANG, DARICE GREEN TREE FUNDING LLC L15000147161
LANG, DARICE FUNDING MERCHANTS CASH LLC L16000069649
LANG, DARICE FUNDING MERCHANTS CASH LLC L16000069649
LANG, DARICE QUICK MERCHANTS FUNDING LLC L16000069652
LANG, DARICE QUICK MERCHANTS FUNDING LLC L16000069652
LANG, DARICE 1 GLOBAL INTERNATIONAL LLC L16000092866
LANG, DARICE 1 GLOBAL INTERNATIONAL LLC L16000092866
LANG, DARICE DL NEW ERA LLC L16000096196
LANG, DARICE 1 GLOBAL CAPITAL INTERNATIONAL, LLC L16000226436
LANG, DARICE BRIGHT SMILE FINANCING, LLC L17000066778
LANG, DARICE BRIGHT SMILE FINANCING, LLC L17000066778
LANG, DARICE POWER CAPITAL FUNDING, INC. P16000050199

Officer/Registered Agent Name List
Officer/RA Name Entity Name Entity Number
LANG, DARICE DIGI SOUTH, LLC L12000147834
LANG, DARICE DIGI SOUTH, LLC L12000147834
LANG, DARICE DL DISTRIBUTION LLC L13000006980
LANG, DARICE DL DISTRIBUTION LLC L13000006980
LANG, DARICE 1 GLOBAL CAPITAL LLC L13000083095
LANG, DARICE EA WELLNESS LLC L14000024984
LANG, DARICE EA WELLNESS LLC L14000024984
LANG, DARICE DL PRO LLC L14000057812
LANG, DARICE DL PRO LLC L14000057812
LANG, DARICE 1 WEST CAPITAL LLC L14000068614
LANG, DARICE 1 WEST CAPITAL LLC L14000068614
LANG, DARICE NUTRA DIRECT LLC L14000165808
LANG, DARICE NUTRA DIRECT LLC L14000165808
LANG, DARICE PREMIUM NUTRACEUTICALS LLC L15000014257
LANG, DARICE PREMIUM NUTRACEUTICALS LLC L15000014257
LANG, DARICE NV UNLIMITED PRODUCTS LLC L15000036894
LANG, DARICE NV UNLIMITED PRODUCTS LLC L15000036894
LANG, DARICE PAY NOW DIRECT LLC L15000058507
LANG, DARICE PAY NOW DIRECT LLC L15000058507
LANG, DARICE PRIME JC ENTERPRISE LLC L15000098519


They are in bohemia * too

* make sure all those darice langs are the same person...they seem to be

[Karen37a]

I am 1000% honest and my clients love/like me..some don't love me but I talk sense into them to stop them from making bad financial mistakes

Now This guy/girl is in charge of helping with restructuring?

This isn't a scheme to defraud the isos/brokers and honest funders?

[Michael I]

The company’s two main executives, Carl Ruderman and Steven A. Schwartz, relinquished their powers and resigned on Friday. Darice Lang, the company’s operations director, will stay on and report to the newly appointed Chief Restructuring Officer.

Darice Lang???

Officer/Registered Agent Name List
Officer/RA Name Entity Name Entity Number
LANG, DARICE PRIME JC ENTERPRISE LLC L15000098519
LANG, DARICE DL PRODUCTS LLC L15000140625
LANG, DARICE DL PRODUCTS LLC L15000140625
LANG, DARICE GREEN TREE FUNDING LLC L15000147161
LANG, DARICE GREEN TREE FUNDING LLC L15000147161
LANG, DARICE FUNDING MERCHANTS CASH LLC L16000069649
LANG, DARICE FUNDING MERCHANTS CASH LLC L16000069649
LANG, DARICE QUICK MERCHANTS FUNDING LLC L16000069652
LANG, DARICE QUICK MERCHANTS FUNDING LLC L16000069652
LANG, DARICE 1 GLOBAL INTERNATIONAL LLC L16000092866
LANG, DARICE 1 GLOBAL INTERNATIONAL LLC L16000092866
LANG, DARICE DL NEW ERA LLC L16000096196
LANG, DARICE 1 GLOBAL CAPITAL INTERNATIONAL, LLC L16000226436
LANG, DARICE BRIGHT SMILE FINANCING, LLC L17000066778
LANG, DARICE BRIGHT SMILE FINANCING, LLC L17000066778
LANG, DARICE POWER CAPITAL FUNDING, INC. P16000050199

Officer/Registered Agent Name List
Officer/RA Name Entity Name Entity Number
LANG, DARICE DIGI SOUTH, LLC L12000147834
LANG, DARICE DIGI SOUTH, LLC L12000147834
LANG, DARICE DL DISTRIBUTION LLC L13000006980
LANG, DARICE DL DISTRIBUTION LLC L13000006980
LANG, DARICE 1 GLOBAL CAPITAL LLC L13000083095
LANG, DARICE EA WELLNESS LLC L14000024984
LANG, DARICE EA WELLNESS LLC L14000024984
LANG, DARICE DL PRO LLC L14000057812
LANG, DARICE DL PRO LLC L14000057812
LANG, DARICE 1 WEST CAPITAL LLC L14000068614
LANG, DARICE 1 WEST CAPITAL LLC L14000068614
LANG, DARICE NUTRA DIRECT LLC L14000165808
LANG, DARICE NUTRA DIRECT LLC L14000165808
LANG, DARICE PREMIUM NUTRACEUTICALS LLC L15000014257
LANG, DARICE PREMIUM NUTRACEUTICALS LLC L15000014257
LANG, DARICE NV UNLIMITED PRODUCTS LLC L15000036894
LANG, DARICE NV UNLIMITED PRODUCTS LLC L15000036894
LANG, DARICE PAY NOW DIRECT LLC L15000058507
LANG, DARICE PAY NOW DIRECT LLC L15000058507
LANG, DARICE PRIME JC ENTERPRISE LLC L15000098519


They are in bohemia * too

* make sure all those darice langs are the same person...they seem to be

Wow is quick merchant funding and new era involved with first global ?

[Karen37a]

Wow is quick merchant funding and new era involved with first global ?

They made a name DL ... I guess Darice Lang ...new era

its funding Merchant(s) cash if that matters

and Greentree is a play off the old company "green tree something" which is now Ditech ( I assume or are they related somehow who knows)

Just like 1st global capital in Texas is suing them for "trade infringement"

I guess we will see. I am just looking at it from am ex Compliance officer standpoint. I can't see someone just skipping off into the sunset after doing all this.

__


I am/was* against Regulation but the last thing I want to see is someone taking all these shortcuts while my stupid arse is cold calling and training unappreciative cutthroat, untalented brokers. Debating some on the DF who are out of business ( who of course think they know more than I do). They will never make a dime when /if you have to place APR on a contract...they are DONE FOR ( some cant sell A paper rates so its a frigging joke)

( Regs said they would consider not putting it on...they pulled that consideration back fast. Once they get the power they will fk you. imo. We are not children here. Its like I am telling a child...if you get arrested wait for a lawyer, dont speak they are not your friend no matter how many times they say they are..go watch Law and Order or something )

* People who are good in sales and marketing don't have to do all this bs, they pick up the phone and tell the truth to clients/merchants...then still make the sale


add* go ahead regulate everything. So only a few are left standing...I will be one with my team. BTW Securities? investment are Regulated...didn't stop people from committing securities fraud...



Pad Locks only keep honest people out ...Karen

[Karen37a]

You think people want to watch other people make Big money? The jealous displays on the df over the years should have taught people something.

https://www.newyorker.com/culture/an...forts-wardrobe

Look at paul maaforts wardrobe. Yes, that just what some* want to see and not retaliate. Do you realize some people think we should be socialists or Communist? Everyone shares evenly

Some non-producing nutbag has been hot on my heels pulling up my 3rd grade delaney cards to dig up dirt on me...found nothing..My gosh

[Nunya]

Things are getting spicy.

https://debanked.com/2018/09/was-1st-global-capital-a-ponzi-scheme/

[Davincinc]

did a broker get commission on the 40 million dollar deal they did

lender got setup fees to draw down on the 40m so the whole company did, and inhouse brokers upsold the buy rates to the selling broker

[fundingsmbs]

so everyone had their hands in the cookie jar. brokers, isos, the company , meanwhile, all of those investors got duped. this story has all the ingredients for a 20/20 special or american greed episode hands down

[WestCoastFunding]

Things are getting spicy.

https://debanked.com/2018/09/was-1st-global-capital-a-ponzi-scheme/

“Meanwhile, Schwartz advised Ruderman that they needed the help of ISOs to get the $34 million out on the street fast.”


Man, now it makes sense. I’ve been seeing 1stGlobal in statements for crazy deals over the past years. Merchants that should be getting $50K were getting $100K or more. It didn’t seem justified. And it probably wasn’t.

[Kevin Henry-Seacoast]

So the Korfelds who raised money for them were also acting as an ISO. I wonder if they brought in other ISO partners they know in on the deal to deploy capital as quickly as possible.

[fundingsmbs]

yes according to that article, they used ISO's like every funder does, to deploy the $34m. Doesn't mean the ISOs knew what was going on though so not sure if the trustee will go after them for clawbacks of all those commissions or just focus on the brokers who sold the dream to the investors since they made commissions to off the pitch

[Sean Cash]

One fact not revealed in that story is that one of their ISOs at one point had a 77% default rate on the funded amount. Meaning that for every dollar 1st global funded for that ISO, they only collected 23 cents.

[Kevin Henry-Seacoast]

yes according to that article, they used ISO's like every funder does, to deploy the $34m. Doesn't mean the ISOs knew what was going on though so not sure if the trustee will go after them for clawbacks of all those commissions or just focus on the brokers who sold the dream to the investors since they made commissions to off the pitch

Wanna bet.... They will follow and collect money from anyone they can especially if there is evidence they knew there was a sense of urgency to deploy capital or knew some of the details through the Kornelds.

[Nunya]

One fact not revealed in that story is that one of their ISOs at one point had a 77% default rate on the funded amount. Meaning that for every dollar 1st global funded for that ISO, they only collected 23 cents.

Sample size matters. How many loans?

[Kevin Henry-Seacoast]

One fact not revealed in that story is that one of their ISOs at one point had a 77% default rate on the funded amount. Meaning that for every dollar 1st global funded for that ISO, they only collected 23 cents.

Yowza!

[Sean Cash]

Sample size matters. How many loans?

I don't know. And from what I understand 1st global didn't even do loans. That # could be based on a small sample size but I just don't know.

[ryan $]

Sample size matters. How many loans?

How many Advances*****

[Karen37a]

I posted before that this isnt a simple thing and that people do not understand the ramifications of this...and how much trouble some people are going to be in...and that someone must be "cooperating"

I am glad I never did business with these people

[Michael I]

One fact not revealed in that story is that one of their ISOs at one point had a 77% default rate on the funded amount. Meaning that for every dollar 1st global funded for that ISO, they only collected 23 cents.

does not mean anything unless the iso was playing games . I lost a deal to them that my highest approval was a 12 month 85k ,they gave the merchant 250k on a 9 months . guy went bad since he could not handle the payments . whos fault is that ?

[Karen37a]

does not mean anything unless the iso was playing games . I lost a deal to them that my highest approval was a 12 month 85k ,they gave the merchant 250k on a 9 months . guy went bad since he could not handle the payments . whos fault is that ?

Did you see the list of names I printed that the fool from this company was associated to? The one who is left behind "helping"

I would guess it was them or closely associated to them

[Karen37a]

Here is rat boy in the wolf movie wearing a wire and coming up with a list

https://www.youtube.com/watch?v=j0ZhTowOrVQ


In real life, he did not pass a note.

I love that some people look up to this person