confirmed- par raided by fbi
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  1. #1
    Quote Originally Posted by SmartAdvanced View Post
    The numbers here are just awfuly wrong. Please correct me:

    $18 million was cash on hand (wait only $18 mil?)
    $30 million in monthly debits
    $5 million in monthly operating expenses
    $25 million gets redeployed

    So where is the $500 million?
    Did you miss this line???? "To make it absolutely crystal clear, the financial data
    shows that, for one week that the Receiver has been in place, July 29, 2020 through August 4,
    2020, the total loss in ACH payments is approximately $6,592,991.59." BUT since your a numbers guy then you know that 6.5 million collected every week it doesn't take long to collect 500 mil!! I'm sure you know what RTR is right, c'mon man. You should be on the industries side and not trying to bash funders that everyone needs!!!

  2. #2
    Senior Member Reputation points: 14400
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    Aren't a lot of those reverses, whereby Par has to send out ACH's as well?

    Besides it is all about a securities fraud case with material misrepresentation/omissions all captured by an undercover FBI sting operation.

    Every investor is going to testify that they were lied to by the securities sales reps, etc.
    Last edited by Shorebird; 08-05-2020 at 01:34 AM.



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