Results 1 to 11 of 11
-
09-24-2022, 11:40 PM #1
- Join Date
- Jun 2021
- Posts
- 47
Jewelry store owner ordered to prison for cash advance fraud
https://www.justice.gov/usao-sdtx/pr...-advance-fraud
what are your thoughts here ?
-
09-26-2022, 01:25 PM #2
- Join Date
- May 2022
- Posts
- 87
Looks like your run-of-the-mill POS. The guy was supposed to deliver Rolexes valued at 3.9 million to a customer that prepaid for the watches, and took out the MCAs to pay the client back when he failed to produce the watches. Makes you wonder where the customer's payment went to.
-
09-26-2022, 01:51 PM #3
It's a case of stolen identity. I thought maybe someone finally got wise and followed through with reporting fraudulent banks or something.
-
09-26-2022, 02:36 PM #4
- Join Date
- Feb 2019
- Posts
- 209
If you are a jeweler and couldn't make it work when the market was 30k for a Tiffany OP, then I guess fraud is the next logical course.
-
09-26-2022, 02:39 PM #5
- Join Date
- May 2022
- Posts
- 87
-
09-26-2022, 03:01 PM #6
-
09-26-2022, 03:06 PM #7
- Join Date
- May 2022
- Posts
- 87
-
09-26-2022, 06:41 PM #8
- Join Date
- Feb 2022
- Posts
- 4
they might answer if law enforcement is asking
-
09-26-2022, 11:26 PM #9
- Join Date
- May 2018
- Posts
- 158
It’s crazy what these merchants do
-
09-27-2022, 09:49 AM #10
-
09-28-2022, 03:55 PM #11
- Join Date
- Sep 2022
- Posts
- 12
crazy...
Similar Threads
-
SEC charges cash advance company, former CEO with fraud (1st Global)
By ADiamond in forum Merchant Cash AdvanceReplies: 6Last Post: 08-29-2018, 04:02 PM -
Jewelry store inventory
By PismoBruce in forum All Other LendingReplies: 7Last Post: 12-04-2017, 11:51 AM -
Kenneth Hatzenbeller - Owner of multiple-location Chilli's deal going to prison
By ADiamond in forum Merchant Cash AdvanceReplies: 0Last Post: 06-23-2017, 11:33 AM -
Advance fee fraud schemer sentenced to more than 17 years in prison
By WhoisKingsley in forum Everything elseReplies: 5Last Post: 02-10-2016, 03:50 PM -
Looking for a Business Cash advance Direct lender for Cash advance consolidation
By Powerfunder in forum Merchant Cash AdvanceReplies: 6Last Post: 10-03-2015, 03:57 PM