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12-07-2022, 12:26 PM #1
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FUNDERS BEWARE Fraud Ring- JAMES ALLEN - Silver OAK Capital Funding
Hello, Funders - Beware of an ISO that goes by the name of James Allen - Silver oak capital funding. He is pedaling fraud deals and he is involved in a larger fraud ring that is submitting deals that he has access to the accounts. from the initial research it seems like he's pulling the money out of the accounts after funding and then disappears. The fraud is real out there guys watch the isos you sign up. This one will be reported to the FBI. Hes floating two deals right now TommyTQL and Fare Resources. if anyone comes across these deals run for the hills.
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12-07-2022, 01:41 PM #2
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12-07-2022, 02:03 PM #3
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this is not the first time this guy has done this, green capital sued him in 2020, here's the link https://iapps.courts.state.ny.us/nys...sultsPageNum=1
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12-07-2022, 02:14 PM #4
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well we run background on all of our isos and clear did not pick this up - that's nice.
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12-07-2022, 02:47 PM #5
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12-07-2022, 02:54 PM #6
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Excelcap --Welcome to MCA!
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-07-2022, 03:01 PM #7
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@mca-vet going on my 13th year in the space - and i have never seen anything like this.
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12-07-2022, 03:09 PM #8
I can say that this type of situation can be declared a "fraud ring"
Which is why, as Hedley always says, know your broker, know your funder, KYC everything.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-07-2022, 03:34 PM #9
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Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-07-2022, 03:37 PM #10
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12-07-2022, 03:38 PM #11
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I am saying there is a lot that goes on ---we are in the fast funding space...... we are not selling sawdust...
Last edited by MCA-VET; 12-07-2022 at 03:41 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-07-2022, 03:40 PM #12
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Last edited by MCA-VET; 12-07-2022 at 03:42 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-07-2022, 03:51 PM #13
One good resource is the forum itself, also check the courts (not just in NY, some Merchants file small claim suits in their state so I see what has happen there), also check previous employment as in other shops and such, I have a good network where I can politely ask my connections about them.
I'm able to monitor what they bring in and If we see a trend that's unfavorable I'll terminate the relationship.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-07-2022, 03:57 PM #14
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What proof do you have of this. He just reached out to me and sent a few files the tommy tql was one and we declined it.
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12-07-2022, 03:59 PM #15
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What proof do you have that you can send. He reached out to me and started sending me files.
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12-07-2022, 04:01 PM #16The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-07-2022, 04:24 PM #17
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fund the deal and find out - what proof do i have? go to iapps and search silver oak
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12-08-2022, 08:36 AM #18
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12-08-2022, 10:54 AM #19
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No we declined the file. Someone sent me the links to the law suites. I fired the broker last night.
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12-08-2022, 01:57 PM #20
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guys be professional ...we don't talk ever about ISO's and who sent deal that got declined ...CIA would have to juice me up for me to say a name of ISO or what deals they sent or what we declined. (maybe that's why the largest ISO's work with Me/Capybara Capital).
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-08-2022, 03:17 PM #21
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12-08-2022, 03:26 PM #22
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12-08-2022, 03:31 PM #23
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12-08-2022, 04:28 PM #24
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Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-08-2022, 04:58 PM #25
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