confirmed- par raided by fbi
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  1. #1
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    The entire ****ing thing is Bull****.

    They are trying to call Debt, Securities.

    And, are causing exactly what they claim to be stopping.

  2. #2
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    Quote Originally Posted by ryan $ View Post
    The entire ****ing thing is Bull****.

    They are trying to call Debt, Securities.

    And, are causing exactly what they claim to be stopping.
    I don’t think Par is clean at all , but to be honest this whole not debiting merchants for the last two weeks, which amounts to many millions of dollars, is weird. I don’t get it.

  3. #3
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    Quote Originally Posted by SmartAdvanced View Post
    I don’t think Par is clean at all , but to be honest this whole not debiting merchants for the last two weeks, which amounts to many millions of dollars, is weird. I don’t get it.
    They are basically saying Syndication is Selling Securities.... Unless the wording of the company selling the "investment" is completely unlike any syndication agreement i've ever seen, the SEC is completely full of ****.

  4. #4
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    Quote Originally Posted by ryan $ View Post
    They are basically saying Syndication is Selling Securities.... Unless the wording of the company selling the "investment" is completely unlike any syndication agreement i've ever seen, the SEC is completely full of ****.
    See that’s already strong wording.. the SEC is completely full of ****?

  5. #5
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    They want this industry gone....when they get you on multiple things its a huge sign.

  6. #6
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    https://www.google.com/amp/s/www.inq...outputType=amp

    So there was only $6.9 million left? I thought $18 million was left? Who took the remaining $12 million?
    Can someone make sense of all these reports.

  7. #7
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    They froze 35 accounts.

    Wait 35 accounts?

  8. #8
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by golf2014 View Post
    They want this industry gone....when they get you on multiple things its a huge sign.
    They don't want this industry gone...they want it regulated. They will get it too, because certain players out there walked right into their hands. Everyone wants to play "big Shot Belfort" out there...well, guess what? Belfort went to prison!

    To touch on Ryan's comments, yes, the SEC sees their angle into this industry as categorizing syndication as securities. They kind of are, they kind of aren't. It's really gray, and will a battle for the lawyers. However, once you bring in over 25-50 unsophisticated investors as syndicators, they got you. You are now and investment fund and voila, under the regulation of the SEC (which would also include the licensing of all reps , BTW..a two-fer for them). They can also go after folks for the advertising used to sell these syndicating entities as well. No more pumping up your numbers, BSing about your position in the company, and (thankfully) no more BS "take this $5000 now and we will get you $30,000 in 30 days" nonsense

  9. #9
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by ryan $ View Post
    The entire ****ing thing is Bull****.

    They are trying to call Debt, Securities.

    And, are causing exactly what they claim to be stopping.

    Ummmmm... aren't debt bonds, securities?
    Anthony Diamond
    Underwriter

  10. #10
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    Quote Originally Posted by ADiamond View Post
    Ummmmm... aren't debt bonds, securities?
    There is no Maturity Date - so it can't be a debt bond. Syndication ends when the advance does, and as we all know MCA's have no set term......

    ANd around and around we go

  11. #11
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    Quote Originally Posted by ryan $ View Post
    There is no Maturity Date - so it can't be a debt bond. Syndication ends when the advance does, and as we all know MCA's have no set term......

    ANd around and around we go
    Unfortunately, the SEC disagrees with you on this one....they have just a wee bit more clout

  12. #12
    Anybody who doesn't think Par is 100% done and that people are going to jail is either naive, uninformed, or wasn't around to watch this exact same situation play out with 1st Global. This is not going to end well for Par.

  13. #13
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    Quote Originally Posted by StealMyDeal View Post
    Anybody who doesn't think Par is 100% done and that people are going to jail is either naive, uninformed, or wasn't around to watch this exact same situation play out with 1st Global. This is not going to end well for Par.
    1st Global was STEALING money, spending on themselves (CEO) - as far as I can tell par isnt being accuesed of this - They pay a return on the money..

  14. #14
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    Quote Originally Posted by ryan $ View Post
    1st Global was STEALING money, spending on themselves (CEO) - as far as I can tell par isnt being accuesed of this - They pay a return on the money..


    Unfortunately, there are additional "alleged" accusations to that effect.



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