[Shorebird]

I wonder if there is a parallel criminal investigation.

[ValeroC]

I’ve been in this industry for 6 years and from my experience most of these stories come out much after any real problem has come about. In most cases they have been resolved before the gossip starts running around.



Whether it be the FBI or the SEC who is looking into you is irrelevant. When your the biggest in the room they have no choice but to make sure your doing things the right way.

Don’t we all wish we had a business thriving and growing fast enough that you gain this kind of scrutiny. Par has held its good standing through any and all investigation and has grown to a company with half a billion on the street and over 100M in cash reserves.


If anything this gives me more confidence to do business with them after they just beat this on Friday

[RickyR3712]

I’ve been in this industry for 6 years and from my experience most of these stories come out much after any real problem has come about. In most cases they have been resolved before the gossip starts running around.



Whether it be the FBI or the SEC who is looking into you is irrelevant. When your the biggest in the room they have no choice but to make sure your doing things the right way.

Don’t we all wish we had a business thriving and growing fast enough that you gain this kind of scrutiny. Par has held its good standing through any and all investigation and has grown to a company with half a billion on the street and over 100M in cash reserves.


If anything this gives me more confidence to do business with them after they just beat this on Friday

Cardinal equity has a good reputation of paying people.You might want to think twice before working with a company that does not pay commissions half the time and backdoors deals.

[golf2014]

Why ever deal with them with all the issues they had prior...constant issues.

[BetterBizLoan]

Heard Receiver at Par office is ONE person. How can ONE person run an 80 man shop??? How is it that receiver is in liquidation mode, when Par Funding is ahead of investors by 80mm plus. I thought the SEC reserved these actions for ponzi schemes?? SEC setting up Par for sure. This is s DISGRACE. If it can happen to Par it can happen to ANY of us! Hope Par sues them for destroying a perfectly good business. SHAM!!!!!

[Kevin Henry-Seacoast]

Heard Receiver at Par office is ONE person. How can ONE person run an 80 man shop??? How is it that receiver is in liquidation mode, when Par Funding is ahead of investors by 80mm plus. I thought the SEC reserved these actions for ponzi schemes?? SEC setting up Par for sure. This is s DISGRACE. If it can happen to Par it can happen to ANY of us! Hope Par sues them for destroying a perfectly good business. SHAM!!!!!

I do not know what is going on with this case or who the receiver might be.
Receivers are typically appointed by a court. It can be one person appointed and they typically work for a company and are using their firm's personnel and resources to work on the case.

KH

[Gables Capital Group]

Heard Receiver at Par office is ONE person. How can ONE person run an 80 man shop??? How is it that receiver is in liquidation mode, when Par Funding is ahead of investors by 80mm plus. I thought the SEC reserved these actions for ponzi schemes?? SEC setting up Par for sure. This is s DISGRACE. If it can happen to Par it can happen to ANY of us! Hope Par sues them for destroying a perfectly good business. SHAM!!!!!

Yeah the SEC is full of **** there's no dount about that. Par will be okay they fund bigger and better than anyone in the biz and I don't think this will stop them. Keep pushing.

[fundingsmbs]

you got that right. the banks always win.

https://www.bankingdive.com/news/por...ements/569606/

[JoeGParFunding]

Thank you to those showing support. As you all know we are still standing tall. We are willing to take the bumps and bruises for the industry in order to keep the gears rolling. This has been an ongoing battle that the powers at be still can't seem to stop.

Month of July isn't over yet and we haven't slowed down. Feel free to reach out to be apart of the Par family.

Consolidations are back and better than ever. Consolidation terms ranging 80-240 days. Paying 4-9pts within first 2 weeks , come get them while they're hot !!!!

Joseph Galante
ISO Department
347-630-0687

[BROKER TIME]

Thank you to those showing support. As you all know we are still standing tall. We are willing to take the bumps and bruises for the industry in order to keep the gears rolling. This has been an ongoing battle that the powers at be still can't seem to stop.

Month of July isn't over yet and we haven't slowed down. Feel free to reach out to be apart of the Par family.

Consolidations are back and better than ever. Consolidation terms ranging 80-240 days. Paying 4-9pts within first 2 weeks , come get them while they're hot !!!!

Joseph Galante
ISO Department
347-630-0687

so did you get raided by the fbi?
asking for a friend

[mrmrg]

I've never seen the tough guys at par so shook.

Nice try guys.

[js_closed]

MRMRG, You sound like a hating *****. Stop

[FCG]

This is like an episode of Billions.

[SmartAdvanced]

I never understood the need to raise half a Bil from 1200 investors. It’s like calling for trouble with a mega phone. Why not get Wall Street money? Why not grow organically? Where’s all the profits from all those mega reverses?
Who’s and how will all these 1200 investors get paid back? Do they even have the capacity to pay back half a billy?
If the answer is yes, I will take my hat off and kneel.

[FCG]

I never understood the need to raise half a Bil from 1200 investors. It’s like calling for trouble with a mega phone. Why not get Wall Street money? Why not grow organically? Where’s all the profits from all those mega reverses?
Who’s and how will all these 1200 investors get paid back? Do they even have the capacity to pay back half a billy?
If the answer is yes, I will take my hat off and kneel.

Sounds alot like 1st global.

[js_closed]

Stop hating, criminal and civil complaints are always one sided. Par will win!

[BROKER TIME]

I never understood the need to raise half a Bil from 1200 investors. It’s like calling for trouble with a mega phone. Why not get Wall Street money? Why not grow organically? Where’s all the profits from all those mega reverses?
Who’s and how will all these 1200 investors get paid back? Do they even have the capacity to pay back half a billy?
If the answer is yes, I will take my hat off and kneel.

we have enough people kneeling during the national anthem

please dont kneel

[Gables Capital Group]

we have enough people kneeling during the national anthem

please dont kneel

Actually we have far too few taking a knee. Maybe if you sat down too it would help a bit.

[Shorebird]

Yeah, that complaint was ugly. The FBI ran a sting operation as well.

[blashley]

How can this just be a Civil suit?

[Shorebird]

FBI-Criminal
SEC-Civil

[ADiamond]

What "recent victory" are they referring to? Seems like that recent victory pissed the right people off and lead to this.

IDKY people come here and ask questions and say it's a non-trusted source like they have no idea what's going on (oh forgot we work in mca, actually), you're literally linked to the court docket filing which explains everything.

Of course that's one-sided and the SEC's version, initial complaint - hope it plays out in PAR's favor to say the least. I'm sure it will.

[Shorebird]

https://nypost.com/2020/07/30/convic...ing-investors/

[SmartAdvanced]

https://nypost.com/2020/07/30/convic...ing-investors/

Amazing how they make a simple SEC complaint look like a “Mob arrest”..

How are the people working for Par supposed to feel now? The media is just great.

[Yankeeman07]

This is what grabs the headlines - The writer of the story does NOT understand MCA's

"which loaned cash to small businesses at interest rates as high as 400 percent"