Results 1 to 25 of 41
Hybrid View
-
08-16-2017, 04:08 PM #1
- Join Date
- Aug 2017
- Posts
- 9
Yes they have funded big deals on crazy files, they made big commissions /hid details from their investors / most of those deals went belly up. If you want to stay in any game and have a decent run then you have to run an honest shop and disclose the risks to your investors and allow them to make a decesion either way
-
08-16-2017, 05:13 PM #2
- Join Date
- Sep 2016
- Posts
- 99
So you invested and signed an agreement knowing the risks of MCA syndication your deal went bad and now it's ponzi scheme? By the way is your name chaim novoseller bec ur user name would suggest that, except that then you'd be accusing your own brothers of stealing from you...
-
08-17-2017, 12:25 PM #3
- Join Date
- Aug 2017
- Posts
- 9
We knew the risks of MCA . The risk though is with the merchant , not the brokers( canary in this case) . They put us in deals in 7th and 8th positions without telling us and actually got some money back from merchants which we didnt receive( we know bc they filed a coj and listed the amount they collected and we never saw it) . They also got money back from a single merchant and used those funds to pay back earlier deals . They had this merchant paying 100 percent interest on over 1.5 million which is unsustainable and negligent . We know the risks of MCA but we didn't know that the risks also involved the BROKERS. I am thank g-d not related