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  1. #1

    Fraud Alert!!

    Recently had a file in the last stage of funding waiting on one doc when we learned that the merchant had actually cashed out of his business some time ago.

    If you come across a file from Walt at Fashion Flooring be warned.

  2. #2
    Senior Member Reputation points: 325 Ryan Shiroky's Avatar
    Join Date
    May 2013
    Location
    New York
    Posts
    247

    thanks for the heads up!!!

  3. #3
    Senior Member Reputation points: 8424
    Join Date
    Aug 2014
    Posts
    194

    Also keep an eye out for ET Transportation, owner Ed ran off with 130k on the day after funding. Closed out bank statements and now looking for more cash.
    Last edited by MCABroker; 11-21-2016 at 01:43 PM. Reason: spelling

  4. #4
    Senior Member Reputation points: 64
    Join Date
    Jul 2014
    Posts
    196

    Fraud Alert!!

    Wow good thing you didn't fund! We just were about to fund a merchant 10k doing 25k a month the last 3 months and when my underwriters went to do the login he only did 500$ a month!

    Mike@samsonfunding.com
    347-492-1801

  5. #5
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    838

    Thanks for the info...
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  6. #6
    Karen37a
    Guest
    I had a merchant looking for a renewal and I found out he had his franchise pulled from him..I called the lender to stop the renewal, I had 4 people send me fake bank statements...some of these merchants are nuts, i could make a list of 500 of them lol

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