[Jess]

If the debt consoldators debited the merchants account per their agreemrnt with the merchant it is not theft. The merchant may have a valid legal claim against the consolidator for breach or non performance But the point is that YS and EBF are asserting that the cash in merchants account belonged to them due to their security interest and UCC. It's a not a valid argument in my opinion but let's wait for an attorney to chime in.

[WestCoastFunding]

If the debt consoldators debited the merchants account per their agreemrnt with the merchant it is not theft. The merchant may have a valid legal claim against the consolidator for breach or non performance But the point is that YS and EBF are asserting that the cash in merchants account belonged to them due to their security interest and UCC. It's a not a valid argument in my opinion but let's wait for an attorney to chime in.

Unless they had the merchant close the account that EBF and YSC were debiting from, opened a new account, and the debt consolidators debited, themselves, from the new acct.