[ryan $]

It is a very unfortunate situation. SBL Funding owes my company upwards of $60,000 at this point with damages and made an effort to send me $1,000 by Cashapp. Told me to debit their account weekly and cancelled all of these debits. Then James tells my collections agent that he has never heard of me or my company and has no knowledge of owing me any money, even though a chain of texts, emails, and call logs were provided. The debt has never been denied by any parties at SBL until recently when things started getting serious.

SBL Funding LLC stole syndication funds, that is a financial crime.

SBL Funding LLC refused to pay commissions, after making a string of stories as to how they never received the payments - all of this was lies.

James Delices the owner of SBL Funding LLC is putting all of the blame on Ryan Pasco as if he is some rouge employee running around embezzling funds for drug addictions and gambling habits as he described. But continues to employ him.

Deal #1: A deal was renewed, we were asked to provide the updated bank statements and help close the deal but regardless of that there was never an agreement to share any additional commission with SBL on renewals. The ISO agreement clearly states "In House Funded Deals" or instances where SBL purchases future receivable's and renews their contract, they will take a 50% share of the commission. This was a superbrokered deal and SBL had no right to withhold 50% comp especially when you have a tab with my company.

Deal #2: James begged me to pay out a piece of the commission on this deal and I agreed right up until I was told my company wouldn't get paid the agreed upon commission split of another deal - at that point no more favors. You got paid the full commission on this deal, but the payment went to your bill not your pocket.

SBL sent over a couple crap files, and earned a $300 commission outside of the 1 other deal funded in a superbroker position that you were credited for. This effort to repay the funds owed to my company consisted of a total now of $3,000 paid. And I'm sure that would be reversed at this point as well if you could get Cashapp to pull back money.

Moral of the story here is SBL Funding LLC, James Delices, & Ryan Pasco are all in some really bad type of way right now. They're both making up fun stories about how the other person is responsible for stealing money from our company, pretending to pay it back just to appease the situation until they can make up a new story and steal the money back again.

I would assume anyone working with SBL too closely will get hit with the backlash of this house of cards falling down in the coming months so don't say you weren't warned.


I will also clarify I am not trying to say we didn't do anything wrong here. We got too comfortable working with what I thought was a solid reputable company and we got burned. We could have tightened up things to make it more difficult to get screwed over in this whole situation, but that does not change the fact that SBL took full advantage of the opportunity to steal from us. A crime of opportunity is still a crime.

$60,000 is ABSURD. ABSOLUTELY ABSURD.
Paint whatever picture you like, Payments were being made until you decided to pull money without authorization, causing issues and damages to us..... so if you can Inflate to $60,000, that number will come right back down with damages caused by you by pulling money that was not authorized.

[Adam2326]

$60,000 is ABSURD. ABSOLUTELY ABSURD.
Paint whatever picture you like, Payments were being made until you decided to pull money without authorization, causing issues and damages to us..... so if you can Inflate to $60,000, that number will come right back down with damages caused by you by pulling money that was not authorized.

The damages are caused by your companies unwillingness to pay the money owed. We haven't even gotten into the new situation where SBL reversed payments. I agree with you, it is absurd. Especially when SBL could have just paid us in November when that number was a lot more manageable. But because they didn't the problem compounded, and attorneys aren't free, collections agencies aren't free, and the impact to daily business operations when money is stolen is real.

[Adam2326]

If you guys would like to settle out at a lower dollar amount speak with my attorney Ariel you have her contact info. The sooner you stop the legal proceedings from progressing the lower that amount owed will be. You may even save yourself from the criminal investigations if the funds are paid back. Not sure exactly how it works but in my eyes the fraud goes away when the monies are paid.