[doublestack]

Anyone see todays article in the NYPOST refarding some wife killer who was head if collections at Pearl? This is the new Pearl, not the old one. I thought they cleaned up when they were bought out?! Oh well some things never change I guess. Scary for all those reps not knowing they were sitting next to a wife killer......

[JKarp]

Anyone see todays article in the NYPOST refarding some wife killer who was head if collections at Pearl? This is the new Pearl, not the old one. I thought they cleaned up when they were bought out?! Oh well some things never change I guess. Scary for all those reps not knowing they were sitting next to a wife killer......

http://nypost.com/2015/11/06/wife-ki...ior-to-arrest/

[AndyYSCISOdept]

Wow, you just never know whose sitting next to you. That's why I don't mess with strangers man, you never know if that nice old man is a Jeffrey Dahlmer wannabe

[doublestack]

The reason it shocked me is because when the new owners took over they made me resubmit my info to be an ISO and did a full background check on me and asked me a few questions about my prior work experiences etc... I figured its safe to assume they do the same when hiring someone, especially collections where I am sure he was privy to lots of personal info, ss#'s, DOB's and so on.......

[brokerCompany]

Choose your funders carefully. From the picture he looks evil.

[Scott Williams]

How does someone keep their job if they smell of alcohol at work? I would think and hope that individual would be fired on the spot

[Funder Mark]

How does someone keep their job if they smell of alcohol at work? I would think and hope that individual would be fired on the spot

Thank you Scott, was wondering the same thing. How is it that they had the whole change, 'cleaned' up shop, and then this slips through?

[AndyYSCISOdept]

These are all good questions. I would assume that no one of significance had ever had an issue with him so they may not have had grounds for termination

[Scott Williams]

Maybe there is more to the story that we don't know. Maybe Pearl was in the process of terminating him but they needed to go through certain channels. I don't know New York state laws. Florida is an employment-at-will jurisdiction. At-will employers can terminate their employees with or without cause and do not have to provide advance termination notice in most situations.

[AndyYSCISOdept]

I agree with your idea that there is a lot more to the story, In regards, to termination of employees and the laws in NY, Chambo would be the man to ask because he has first hand knowledge of what you can and cannot do in regards to this in NY state.

[brokerCompany]

Maybe they were afraid of terminating him, . You know he did kill someone so makes him a little scary he might do something to owners.

And people say we should be checking brokers credit reports!

[AndyYSCISOdept]

Awesome. But I don't care how scared you are of firing him Id be more scared to work beside him if he is wanted for murder.

[Regium]

“This guy is a f–king psychopath. He is out of his bird,” said a disgusted former co-worker at Pearl Capital

[Ktolbert85]

I am pretty sure under NYC laws they would have been justified to fire him for coming to work intoxicated everyday

[Ktolbert85]

Maybe they were afraid of terminating him, . You know he did kill someone so makes him a little scary he might do something to owners.

And people say we should be checking brokers credit reports!

Does murder show up on a credit report? lol

[GoodCustomerService]

He wasn't arrested and charged until this week. So when he got to Pearl he had no criminal background. The Post response was from a guy who worked for him and was fired (disgruntle employee....Hello?). If he had been drunk at the office all day I'm sure he would have been fired. ISO's should know that Pearl doesn't do drug or alcohol screening as part of ISO background checks (G-d knows that would eliminate pretty much everyone in the market).

[mcaguru]

Yep. I think its easier to work at the Airports then to get a job at Cresthill Capital. its a Hugh responsibility to other co-workers and to our vendors. I've heard then refer to this place as fort Knox.

[BobSchmuck]

Tried Pearl 2 times, never got an approval. The worst part is that they claw-back if merchant doesn't pay.

[Michael I]

Tried Pearl 2 times, never got an approval. The worst part is that they claw-back if merchant doesn't pay.

which lender did you fund it with ? who doesn't have a claw back clause for at least 30 days ?

[Zach]

Pretty much every lender has the clawback

[funderdude15]

Pretty much every lender has the clawback

Not true at all!

[Eagle Funding]

Choose your funders carefully. From the picture he looks evil.

Its called journalism, they are clearly going to get the worst picture of the man possible, didn't know evil people had a "look"

[BobSchmuck]

As far as I know, only Everest and Pearl clawback

[FCF Fund]

Not true at all!

I would agree with Zach that all lenders have clawbacks. The difference really lies in your relationship with such lender, some will clawback and others will not. All lenders have typically the 30-45 default time frame from date of funding for clawbacks

[Funder Mark]

Pretty much everyone has 30 days, I saw one place with a 50%, 30-60 default clawback, but that was rarely used, and whenever a ISO requested it was dropped. Having the clawback is probably the only thing preventing less honest ISO's from purposefully stacking clients.