[FamilyBusinessFund]

Curious To Know the latest Scams in the industry? seems to be an ever evolving.



Ryan Croall
Director ISO Relations
(413)-231-2523

[MadisonParker]

the industry is flooded with it, it's hard to keep track of it all
We see multiple per day, and those are just the ones we catch

[ADiamond]

Do brokers actually look for fraud?

[mca2150]

Do brokers actually look for fraud?

And if they find it, do they always kill the deal? Depends on the quality of broker I guess.

[Esteban2000]

Many ISO's would look the other way on suspected fraud, push it to a Funder and hope it doesn't get caught prior to Funding. Not saying this is true of ALL brokers, of course.

[fundingsmbs]

really depends on the marketing. if you just have a net and get internet leads, you will prob get more scams

[MCAtransfer]

Attempted fraud - absolutely. I listen to like 70 live transfer calls a day. I think many merchants got that "FREE MONEY-ITIS" disease from the government cash. Now they want it again!!!!! $15,000 a month in deposits is $15,000 minimum - so no - our clients can't help someone with $8000. Happens all day.

[ryan $]

Attempted fraud - absolutely. I listen to like 70 live transfer calls a day. I think many merchants got that "FREE MONEY-ITIS" disease from the government cash. Now they want it again!!!!! $15,000 a month in deposits is $15,000 minimum - so no - our clients can't help someone with $8000. Happens all day.

I literally just made a post about this last week.

They got Fraudulent PPP/EIDL Funds and are now being passed around for MCA's

[Max Upsell]

They're all liars, fraud is just expected natural progression

[admin]

Curious To Know the latest Scams in the industry? seems to be an ever evolving.



Ryan Croall
Director ISO Relations
(413)-231-2523

Banned. Ask your boss if you have any questions.

[MCAtransfer]

Anywhere there is money it will be ugly. There will always be scams. There just happens to be an escalation in ATTEMPTED scams right now. We have measures in place before we transfer the live transfer from the business owner over to the lender. We tell them about three times that they will be hung up on if they are not really capable of proving that they do over $15,000 a month for the past three months - to say the leasts - we get a lot off last minute hangups

[MCA Capital Holdings]

Lol brokers mainly look for deals.