[RBcapital]

I believe that the AG was using Richmond's "non-compliant" terminology against them. From what I understand, they were marketing MCA's as "loans" on their website, via email & verbally.

Marketing as loans but really giving MCAs? Like a bait and switch?

[Big Mack]

Marketing as loans but really giving MCAs? Like a bait and switch?

I've actually met with Jon Braun and spent time in his office a few years ago (he was wearing an ankle bracelet and tried to hide it by wearing gigantic cowboy boots). It didn't seem like a bait and switch as I overheard a bunch of his "closing calls" to merchants. Standard MCA call. I don't think that they sourced any of their deals by marketing to merchants.

[Akanner]

I've actually met with Jon Braun and spent time in his office a few years ago (he was wearing an ankle bracelet and tried to hide it by wearing gigantic cowboy boots). It didn't seem like a bait and switch as I overheard a bunch of his "closing calls" to merchants. Standard MCA call. I don't think that they sourced any of their deals by marketing to merchants.

How did they source them? Via the backdoor??

[Big Mack]

How did they source them? Via the backdoor??

I'm not 100% sure, but he stressed to me multiple times that he HATED working with ISO's.

[Akanner]

I'm not 100% sure, but he stressed to me multiple times that he HATED working with ISO's.

explain please

[Big Mack]

explain please

It went something like this:

Me: What source do your deals come from? ISO's?

Him: F*ck ISO's! They're a bunch of f*cking scumbags.

[Funder Mark]

It went something like this:

Me: What source do your deals come from? ISO's?

Him: F*ck ISO's! They're a bunch of f*cking scumbags.

Talk about the pot and the kettle...

[Akanner]

It went something like this:

Me: What source do your deals come from? ISO's?

Him: F*ck ISO's! They're a bunch of f*cking scumbags.

hahaha oh jeez