confirmed- par raided by fbi
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  1. #1
    Senior Member Reputation points: 77508
    Join Date
    Jan 2018
    Posts
    518

    Quote Originally Posted by SmartestGuyInTheRoom View Post
    Bump.

    With 1% default rates, Covid shouldn't have killed them, but Par was insolvent in April.
    http://www.documentcloud.org/documen...stors-Mca.html

    Not looking good.
    https://www.inquirer.com/news/par-fu...-20200811.html
    Man what a loser. “I’m sorry to say that coronavirus has caused us to go bankrupt... but GOOD NEWS! If you give me more money I will be profitable again!”. 3 months later gets arrested with multiple illegal guns, plans to leave the country and hide on a small island, millions in him and his wife's bank accounts, multiple houses and cars, and multiple threats to his own merchants about how he’s going to kill them if they bounce on one payment.

  2. #2
    Senior Member Reputation points: 57713
    Join Date
    Dec 2017
    Posts
    397

    Quote Originally Posted by pcfunder View Post
    Man what a loser. “I’m sorry to say that coronavirus has caused us to go bankrupt... but GOOD NEWS! If you give me more money I will be profitable again!”. 3 months later gets arrested with multiple illegal guns, plans to leave the country and hide on a small island, millions in him and his wife's bank accounts, multiple houses and cars, and multiple threats to his own merchants about how he’s going to kill them if they bounce on one payment.
    pcfunder federal



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