[fundingsmbs]

Anyone know what this is about?. The article stated that Direct Lending may have overvalued its investment in QS and the matter was reported to SEC. VOIP Guardian was the borrower who defaulted for $191.3M to Direct Lending and filed for BK

[mcaguru]

Google the following Direct Lending voip gurdian

[fundingsmbs]

read that, but, it was very vague on the connection with QS and what it actually means.

"the fund has historically earned investors unlevered double digit returns by investing in marketplaces like Biz2Credit, OnDeck, DealStruck, RealtyMogul, IOU Central, QuarterSpot and others. "

[WestCoastFunding]

read that, but, it was very vague on the connection with QS and what it actually means.

"the fund has historically earned investors unlevered double digit returns by investing in marketplaces like Biz2Credit, OnDeck, DealStruck, RealtyMogul, IOU Central, QuarterSpot and others. "

Let us find out QS is the new Lending Club.

[Jess]

read that, but, it was very vague on the connection with QS and what it actually means.

"the fund has historically earned investors unlevered double digit returns by investing in marketplaces like Biz2Credit, OnDeck, DealStruck, RealtyMogul, IOU Central, QuarterSpot and others. "

It appears that Direct Lending was desperate to get money out the door. The VoIP company was funded $161 for loans and 30 million for operating. So as an investor in the fund, am I taking credit risk or operating risk? Did I sign up for operating risk? It’s possible that the quarterspot investment was a combination of the two as well. So while you could transfer the portfolio to another entity for servicing, the operating investment is at risk. An 8% return does not properly compensate a credit investor for taking on operational risk.

[Jess]

Good lord! This dude Brendan and CEO of quarterspot are scum. Worse than I thought. Brendan is a straight up crook. It’s funny how the main speakers at Lendit end up being the biggest frauds.

[blashley]

Its very sad most that most guys at the top either got there or stay there by committing fraud or some type of unethical behavior.

[Jess]

Hubris on steroids

[SmartAdvanced]

The word fraud gets thrown around a lot. Trump is a fraud, mueller is a fraud. There’s a whole lot of FRAUD.

[golf2014]

Major fraud is mist of mca and oeople on this board

[NoBigDeal]

#fraudfunding?

[The Chosen One]

No wonder qs went down the drain. Does anybody still fund with them?

[Shorebird]

And I always felt that QS projected that they were mightier than thou!

[abfunders]

Who said that QuarterSpot is stopping funding?

[GoodCustomerService]

Nobody. Someone said they went down the drain, but don't think they meant out of business.

[SmartAdvanced]

https://debanked.com/2019/03/what-di...nts-invest-in/

One question, how in heaven do these people raise a few hundred million dollars?