[TheShitzuofMCA]

I think most funding companies let them get away with it and just make notes internally instead of reporting and pressing charges. As an underwriter I caught at least two fraudulent bank statements daily. Most times Merchant plays stupid, other times will hang up on you the moment you notify them they are manipulated. Decision Logic is the key and I wouldn't fund without it at the very least. Software and tricks have gotten better its getting harder and harder to catch fraud by mistakes or irregularities on bank statements. I have also seen a lot of companies about to go out of business run to an MCA fishing for money or someone not doing their due diligence. Unfortunately a lot of crooks have made money off our industry without repercussion.

[DataMerch]

Half of our daily records inputted by funders are fake bank statement records. Its bad out there !!

Scott Williams
DataMerch
swilliams@datamerch.com
www.datamerch.com