[Adam2326]

Agreed. There was a time when your reputation meant something in this business, and stealing from people was a big no-no to do business with people in financial services. But now, it doesn't seem to matter what you do there are people willing to do business with you regardless. This is moving forward through the appropriate legal channels so now we sit back and wait.

[ryan $]

You made a bad situation worse.

That is how I view the situation.

Regardless of the this or that bull****, You were being paid, until you decided to do what you did. Now, rightfully so, Instead of paying you, my boss chose to pay a Lawyer to go after you for your wrongdoings and defend against your accusations. So it is what it is, let the lawyers handle it.

I myself won't be sharing any more info on an ongoing legal case.

[Adam2326]

I didn't decide to have SBL refuse to pay back syndication funds, or lie to me about being paid a commission and then refuse to pay it out when I proved they were lying about not getting paid. I didn't choose to make up story after story about how bank accounts were frozen and no money could be moved but I'd be paid back soon. I also didn't decide to say that SBL doesn't even allow syndication participation and that anyone requesting syndication funds was stealing money in SBLs name.

I did decide to establish a weekly payment arrangement with James Delices to pay back the money that was stolen. But I also didn't decide to block payments from going through & then reverse the previously cleared payments.

SBL's motto "If I don't like what you have to say, I'll just steal from you!"


But hey I get it, it's all my fault because I made SBL stealing from me soooo uncomfortable for SBL...

[TheUnderwriter]

I didn't decide to have SBL refuse to pay back syndication funds, or lie to me about being paid a commission and then refuse to pay it out when I proved they were lying about not getting paid. I didn't choose to make up story after story about how bank accounts were frozen and no money could be moved but I'd be paid back soon. I also didn't decide to say that SBL doesn't even allow syndication participation and that anyone requesting syndication funds was stealing money in SBLs name.

I did decide to establish a weekly payment arrangement with James Delices to pay back the money that was stolen. But I also didn't decide to block payments from going through & then reverse the previously cleared payments.

SBL's motto "If I don't like what you have to say, I'll just steal from you!"


But hey I get it, it's all my fault because I made SBL stealing from me soooo uncomfortable for SBL...

What Funding company is Ryan a part of? Want to avoid in future

[Adam2326]

What Funding company is Ryan a part of? Want to avoid in future

SBL Funding LLC - out of Hartford CT - Owner James Delices
Previously JD Merchant Capital - out of Hartford CT - Owner James Delices

[TheUnderwriter]

SBL Funding LLC - out of Hartford CT - Owner James Delices
Previously JD Merchant Capital - out of Hartford CT - Owner James Delices

They pull as SBL Funding? I never seen that pull in any bank statement.

JD Merchant Capital - thats funny. I recall them. They were a broker and I cut them off a while back. Complete waste of time. Not surprised to hear about these issues. Hopefully it all gets worked out for you in the end.

[Adam2326]

They pull as SBLFUNDING - They're a small funder. I would assume most haven't seen them in statements.

[FUND3R1]

We get a bunch of calls every day to sign up with Funders, I will stick to the Funders we have been dealing with over the years. It's funny because, when I call them out and say I have never seen you in a bank statement in my life, they go crazy and start cursing me out-- I don't understand.. lol

[Adam2326]

We started working with Ryan based on his reputation on here, as well as him posting about their inhouse funding program for high risk micro deals. 2021 we saw a major influx of these types of merchants, and if there is an opportunity to capitalize on them we had to take it. He had multiple posts on DF and nobody had anything bad to say about him, all positive remarks. We started working with him and SBL and things went really well. We maintained a very positive relationship with SBL for majority of 2021 up until November when they refused to pay out commission on the largest deal we had ever allowed them to Super Broker for us. After waiting a month and being told SBL was never paid by Splash, I contact Splash directly who quickly proved they had paid the comp on time to SBL. Then the real games started, because we had been syndicating with them for months and allowing the funds to sit in a "wallet" with SBL. So I requested to withdraw those funds, and then the shoe drops. According to James the owner, SBL doesn't have syndicators so nobody can participate in funding deals, Ryan was misleading everyone he was taking funds from and pocketing that money. Also according to James he had no idea we were Super Brokering files with SBL, so he was paying all of our commissions to Ryan directly and he was walking off with the cash.

The whole relationship was great while it lasted. We were paid on more deals than we weren't. It was like a light switch. I've never been one to try out a no name funder, but in my eyes even though SBL was really small they weren't a brand new shop that was coming out of nowhere as a funder. There are multiple threads over the last couple years from Ryan talking about the deals they're funding, and allowing ISO's to participate in them. And never a single issue had been presented about them withholding comp or syndication money until now.

[ryan $]

We started working with Ryan based on his reputation on here, as well as him posting about their inhouse funding program for high risk micro deals. 2021 we saw a major influx of these types of merchants, and if there is an opportunity to capitalize on them we had to take it. He had multiple posts on DF and nobody had anything bad to say about him, all positive remarks. We started working with him and SBL and things went really well. We maintained a very positive relationship with SBL for majority of 2021 up until November when they refused to pay out commission on the largest deal we had ever allowed them to Super Broker for us. After waiting a month and being told SBL was never paid by Splash, I contact Splash directly who quickly proved they had paid the comp on time to SBL. Then the real games started, because we had been syndicating with them for months and allowing the funds to sit in a "wallet" with SBL. So I requested to withdraw those funds, and then the shoe drops. According to James the owner, SBL doesn't have syndicators so nobody can participate in funding deals, Ryan was misleading everyone he was taking funds from and pocketing that money. Also according to James he had no idea we were Super Brokering files with SBL, so he was paying all of our commissions to Ryan directly and he was walking off with the cash.

The whole relationship was great while it lasted. We were paid on more deals than we weren't. It was like a light switch. I've never been one to try out a no name funder, but in my eyes even though SBL was really small they weren't a brand new shop that was coming out of nowhere as a funder. There are multiple threads over the last couple years from Ryan talking about the deals they're funding, and allowing ISO's to participate in them. And never a single issue had been presented about them withholding comp or syndication money until now.

We "made up this or that" is easily provable in court. Your throwing out things that are just false. We made up the account being frozen, FALSE. We dont allow Syndication, FALSE. Our entire model is to go into deals 50/50.

Also:
Also according to James he had no idea we were Super Brokering files with SBL, so he was paying all of our commissions to Ryan directly and he was walking off with the cash. FALSE - You were Paid Commission multiple times directly from James's CashApp, and/or out of his account.

**** happened, we were paying you back, you got mad over a deal, you kept money (reversed sending it) and tried ACHing us UNAUTHORIZED multiple times... and now we are here.

[ryan $]

What really drives me nuts, is I'm pretty ****ing reasonable (I think)
All the deals you funded and we paid where I didn't take 80/20, Clipped a point or 2 or something dumb...

Your pretty much saying one day I just had a ****ing stroke, and became a different person, and decided to **** you. Which didn't happen.

**** outside of my control happened, the account was frozen (we couldnt see splash wired) - The frozen account caused all of this. Then everything was going fine, I was sending deals (for no other reason then to do the right thing) - DOing in my control what could be done.....

Then you beat us for 4 grand and try the ACH Bull****. I literally have no say in the matter anymore.

[Kevin Henry-Seacoast]

Over 100 comments on this now disgusting thread. Knock it off already!

[Oxforddan]

Yea just let a sleeping dog lie, and let the lawyers work it out. All you are doing now is making yourselves look worse.

[Anthony@torro]

It's literally the same thing over and over just worded differently in each post. Hope you guys can work it out already.

[ABillionPoints]

I think I've read 3-4 times so far ... "I'm not going to comment anymore regarding this legal case" ...
And there they go still at it back and forth on here LOL.

Just stop. Let your lawyers work it out.

[SStern22]

You guys are both herbs. Go and make more $

[Shorebird]

Any updates here?

[Anthony@torro]

Any updates here?

You keep egging this on, everyone seems to be over this thread except for you.

[BR-Nightmare]

You keep egging this on, everyone seems to be over this thread except for you.

I Agree.

If you're that intrigued just follow it in the courts. At this point, anything they say here can be used against them. Let it be, let them figure it out and we can catch up through the courts.

Both individuals seem reputable, it's a sad situation on both sides that can hopefully have a resolution.

[Adam2326]

Any updates here?

Simply a waiting game now. I expect it to be resolved in 6-9 months based on litigation post COVID. Wouldn't expect any real updates until that time so I'd expect this thread to go dormant.