[EdwinS]

Any and all MCA lenders who used these ISOs, are also 100% responsible for this scam bait and switch. We are currently suing in federal court both the MCA "lender" and their criminal brokers they used (as in actual criminals with prior prison time served for financial fraud. not these companies you named, but other operations).

to really fix this situation, the actual MCA lending company must be fully held responsible and pay all the damages resulting from the fake promises, and that's what we are doing (and yes, we have also informed the FBI). The MCA's are not some kind of an angel who get to get away with this crime by saying "oh, we didn't know the broker"- that's load of a crap, and does not hold. Also their bogus "recorded funding call" holds no validity, if they did not do a recorded funding call with the broker (think about it- the current intent of the one-dimensional recorded funding call with the uninformed merchant, is to protect the scam of the MCA and the brokers being in bed together, and leaving all the problem on the merchant who does not know what scam the MCA and the lender are pulling together).

So bottom line:
- the actual MCA company (and all of their inside/outside investors) is fully responsible for all the fake or real promises made by the broker to the merchant.
- the recorded funding call has no meaning, if the MCA did not do a recorded funding call to the broker, asking the broker on a recorded line "you confirm you have not promised anything to the merchant"

you see, once these 2 points are implemented, all the fraud scams will go away magically, and also the MCA deals with drop and be corrected. Never for 1 second think or assume the actual MCA is not behind the scam.

[pcfunder]

Any and all MCA lenders who used these ISOs, are also 100% responsible for this scam bait and switch. We are currently suing in federal court both the lender and their criminal brokers they used (as in actual criminals with prior prison time served for financial fraud. not these companies you named, but other operations).

to really fix this situation, the actual MCA lending company must be fully held responsible and pay all the damages resulting from the fake promises, and that's what we are doing (and yes, we have also informed the FBI). The MCA's are not some kind of an angel who get to get away with this crime by saying "oh, we didn't know the broker"- that's load of a crap, and does not hold. Also their bogus "recorded funding call" holds no validity, if they did not do a recorded funding call with the broker (think about it- the current intent of the recorded funding call is to protect the scam of the MCA and the brokers being in bed together, and leaving all the problem on the merchant who does not know what scam the MCA and the lender are pulling together).

So bottom line:
- the MCA company is fully responsible for all the fake or real promises made by the broker to the merchant.
- the recorded funding call has no meaning, if the MCA did not do a recorded funding call to the broker, asking the broker on a recorded line "you confirm you have not promised anything to the merchant"

you see, once these 2 points are implemented, all the fraud scams will go away magically, and also the MCA deals with drop and be corrected.

i think most ISO agreements have wording that states that a broker cannot do these type of things. how can you blame a funding company when they are also being tricked and lied to?

[EdwinS]

great, then the MCA company is responsible for using a broker that broke them. There is no explanation that will get the MCA off the hook, specially when a broker ISO is a known financial criminal with prison time served.

[pcfunder]

great, then the MCA company is responsible for using a broker that broke them. There is no explanation that will get the MCA off the hook, specially when a broker ISO is a known financial criminal with prison time served.

if the broker is a known financial criminal then MAYBE it will look bad on the funder but most likely not since there are literally zero requirements to get into the MCA business. by your logic both people in any lawsuit regardless or purpose is to blame. this would be like if a murderer countersued the family that they murdered for being "in the wrong place at the wrong time". the ISO agreement is stating to a broker that they need to follow those specific rules or else they will have legal action taken against them, hence what you are seeing happening right now in this thread. no one can prevent 100% of illegal actions from happening.

[EdwinS]

I understand you love to somehow protect your end of the things, always taking the option "we had nothing to do with it", but you see, the person making the most profit, bears the most responsibility. Your analogy was so off and irrelevant to the point, that I won't comment.

And you see, you being from a funding company, are also running away from being responsible. Amazing. Because you know you need these bogus promises being made, so you make the deals, but the responsibility is somehow shifted to a broker that you have no idea about. Perfect, isn't it? Let's see when the first MCA lender will step up and say "I take responsibility for the broker I used to make the profit margin by scamming everyone". I am waiting.

the main people responsible are the MCA lenders, and their investors. So let's all make sure that happens, and a lot of things will be fixed. We will do everything to the end to make that happen and correct this scam environment (main drive of it is the greedy profit margins of the MCA and their investors, who are creating this environment where these bogus brokers are born, and the atmosphere of "I am not responsible" is nurtured). time for this to end, and MCA lenders must pay for any and all damages.