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12-07-2022, 12:26 PM #1
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- May 2019
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- 74
FUNDERS BEWARE Fraud Ring- JAMES ALLEN - Silver OAK Capital Funding
Hello, Funders - Beware of an ISO that goes by the name of James Allen - Silver oak capital funding. He is pedaling fraud deals and he is involved in a larger fraud ring that is submitting deals that he has access to the accounts. from the initial research it seems like he's pulling the money out of the accounts after funding and then disappears. The fraud is real out there guys watch the isos you sign up. This one will be reported to the FBI. Hes floating two deals right now TommyTQL and Fare Resources. if anyone comes across these deals run for the hills.
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12-07-2022, 01:41 PM #2
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12-07-2022, 02:03 PM #3
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- Jan 2022
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- 21
this is not the first time this guy has done this, green capital sued him in 2020, here's the link https://iapps.courts.state.ny.us/nys...sultsPageNum=1
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12-07-2022, 02:14 PM #4
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- May 2019
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- 74
well we run background on all of our isos and clear did not pick this up - that's nice.
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12-07-2022, 02:47 PM #5
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12-07-2022, 02:54 PM #6
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- Dec 2021
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- 637
Excelcap --Welcome to MCA!
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-07-2022, 03:01 PM #7
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- May 2019
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- 74
@mca-vet going on my 13th year in the space - and i have never seen anything like this.
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12-07-2022, 03:09 PM #8
I can say that this type of situation can be declared a "fraud ring"
Which is why, as Hedley always says, know your broker, know your funder, KYC everything.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-07-2022, 03:34 PM #9
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- Dec 2021
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- 637
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-07-2022, 03:37 PM #10
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- May 2019
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- 74
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12-07-2022, 03:38 PM #11
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- Dec 2021
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I am saying there is a lot that goes on ---we are in the fast funding space...... we are not selling sawdust...
Last edited by MCA-VET; 12-07-2022 at 03:41 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-07-2022, 03:40 PM #12
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- Dec 2021
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- 637
Last edited by MCA-VET; 12-07-2022 at 03:42 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-07-2022, 03:51 PM #13
One good resource is the forum itself, also check the courts (not just in NY, some Merchants file small claim suits in their state so I see what has happen there), also check previous employment as in other shops and such, I have a good network where I can politely ask my connections about them.
I'm able to monitor what they bring in and If we see a trend that's unfavorable I'll terminate the relationship.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-07-2022, 03:57 PM #14
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- Nov 2019
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- 679
What proof do you have of this. He just reached out to me and sent a few files the tommy tql was one and we declined it.
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12-07-2022, 03:59 PM #15
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- Nov 2019
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- 679
What proof do you have that you can send. He reached out to me and started sending me files.
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12-07-2022, 04:01 PM #16The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-07-2022, 04:24 PM #17
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- May 2019
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- 74
fund the deal and find out - what proof do i have? go to iapps and search silver oak
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12-08-2022, 08:36 AM #18
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- May 2019
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- 74
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12-08-2022, 10:54 AM #19
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- Nov 2019
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- 679
No we declined the file. Someone sent me the links to the law suites. I fired the broker last night.
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12-08-2022, 01:57 PM #20
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- Dec 2021
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- 637
guys be professional ...we don't talk ever about ISO's and who sent deal that got declined ...CIA would have to juice me up for me to say a name of ISO or what deals they sent or what we declined. (maybe that's why the largest ISO's work with Me/Capybara Capital).
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-08-2022, 03:17 PM #21
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- Apr 2021
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- 50
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12-08-2022, 03:26 PM #22
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- Feb 2017
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- 3,433
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12-08-2022, 03:31 PM #23
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- Aug 2019
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- 163
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12-08-2022, 04:28 PM #24
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- Dec 2021
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Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-08-2022, 04:58 PM #25
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