[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?