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10-06-2015, 12:05 PM #1
- Join Date
- Jul 2013
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- 352
Pearl Capital founders Bloomberg piece by Zeke
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10-06-2015, 12:09 PM #2
wow... yeah not much to say after reading that
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-06-2015, 12:13 PM #3
That article is floating around our offices too. Not the most flattering piece, I must say
I remember when the author reached out to me on Linked In, and I was wondering exactly how the piece would turn out....well....
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10-06-2015, 12:15 PM #4
paints the whole industry in a bad way
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-06-2015, 01:07 PM #5
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10-06-2015, 12:17 PM #6
But to say Chanin stole about $2 million form all his reps,....that part is accurate.
what a shame....this article doesn't do justice to the extent that Second Source ruled the industry. If Chanin had been just slightly more honest, it's unfathomable how big & strong Second Source would/could be today
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10-06-2015, 12:20 PM #7
wow...I need a shower after reading that...
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10-06-2015, 12:44 PM #8
there have been articles written that were bad for the industry this I think could be the worst
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-06-2015, 12:58 PM #9
"The buyers presented him with a pearl mounted on a plaque to mark the occasion. The pearl was plastic."
Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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10-06-2015, 12:58 PM #10jotucker1983Guest
Somebody is going to make a documentary or a full-featured film out of this I suspect, within the next couple of years.
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10-06-2015, 01:28 PM #11
For every one business of which an MCA put into Bankruptcy, there are literally thousands of businesses that were saved by the "high interest" cash advance, but the article only mentions one business who got stacked into BK by Pearl.
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10-06-2015, 03:51 PM #12
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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10-07-2015, 10:17 AM #13
- Join Date
- Jul 2014
- Posts
- 1,746
Enjoy the shots of Jack and the booger sugar while it lasts...ill gotten gold is nobody's gain.
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10-07-2015, 10:49 AM #14
- Join Date
- Nov 2014
- Posts
- 71
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10-07-2015, 10:54 AM #15
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- Jul 2014
- Posts
- 1,746
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10-07-2015, 10:54 AM #16
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
If those are ill gotten gains, then every one of us is guilty...
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10-07-2015, 11:50 AM #17
- Join Date
- Aug 2014
- Posts
- 194
I for one love this! I don't know about you guys but I got into this industry to make $$$$$$$, and as a business owner I see this article as a success story. Im not saying I condone how they spend their money but who am I to judge, personally I wouldn't mind having two girlfriends fighting over the blinds.
If there is anything to take from this article its this “If you’re not making 20 grand a month, you just don’t belong here,”
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10-07-2015, 11:58 AM #18
- Join Date
- Jun 2015
- Posts
- 3,325
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10-07-2015, 01:00 PM #19
Good for them for making it but why in the world would you invite a reporter into your personal life and start sharing these details? Do you really need the press that bad? Especially knowing that this reporter wrote ****ty articles about the industry....talk about naive. The media has absolutely no interest in ever writing about a "fair and balanced" article. What a shame, they couldn't just take their millions, blondes and whips and enjoy it amongst themselves and their close friends and family.
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10-07-2015, 01:13 PM #20
Does anyone know if this reporter has anything else cooking?
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10-07-2015, 01:42 PM #21
- Join Date
- Feb 2014
- Posts
- 23
Yes he is currently cooking meth with Walter White in New Mexico....
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10-07-2015, 01:29 PM #22
I have to agree with Alex.. These are not stupid guys, they had to know how any article about them and how they are now living would make the industry look. Apparently they are out and no longer care how the industry is perceived or what effect this can have on those of us are are still doing this. You would think they would have a little more care for an industry that apparently treated them very very well
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-07-2015, 01:41 PM #23
Think of it as their parting gift to all of us
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10-07-2015, 02:13 PM #24
yeah with a big red bow.. Shines a giant light on the whole industry and for what? So they can show everyone how good there life is now? Its a ****ty move on their part because now anyone who reads the article will think that is how everyone in the industry behaved and it is not. They are out and made their money so they dont care no more
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-07-2015, 04:22 PM #25
- Join Date
- Jun 2015
- Posts
- 14
What they don't tell you in the article is how many people Meir actually put on. He allowed lots of people to eat and gave people chances to live well regardless of your backround or experience. I get why people are mad, but if you were there at the time, you had respect for him. He could be ruthless and no doubt, the practices that some of the brokers/managers developed were questionable, but that wasn't the entirety of what went on at 2nd Source. I think they're trying to portray some kind of bootleg Wolf of Wall Street story. It's partly true, but the ruthlessness and shadiness wasn't all there was too it. Some people got rich and some people were left with nothing. It's all how you played the cards you were dealt. This isn't limited to the cash advance industry, this is business period.
Whatever they have cooking up is their business. At the end of the day, it's not going to stop me from going after mines and it shouldn't stop anyone from going after theirs either. Merchants still need this product and I'll be damned if I left an article shake me and what I'm doing out here everyday.
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