Quote Originally Posted by BetterBizLoan View Post
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